Professional Documents
Culture Documents
Strategy Part5
Strategy Part5
STOPLOSS RULES
ENTRY RULE
IF DAY1 HIGH IS 600 AND DAY2 HIGH IS 598 THEN STOPLOSS WILL BE AT 596 AFTER ENTRY.
IF DAY1 LOW IS 400 AND DAY2 LOW IS 397 THEN STOPLOSS WILL BE AT 395.
ENTRY TYPE 1
THIS ENTRY IS THE MOST SIMPLE ENTRY AND USEFUL FOR FRSHERS OR NEWBIES.
HERE ONE SHOULD ENTER ABOVE THE DAY HIGH OF THE SELECTED STOCK AFTER PULLBACK
OR RETRACEMENT.
KEEPING STOPLOSS AS 4 POINTS BELOW THE HIGH.
SIMILARILY FOR LOW ALSO.
ENTRY TYPE 2
THIS FOR SOME EXPERIENCED PERSONS WHO HAS ALREADY IN TOUCH WITH CHARTS AND HAS
SOME CHART READING SKILLS.
HERE THE ENTRY IS THE PULLBACK RECOVERY CANDLE.
IN THESE STOCKS AFTER BREAKING THE HIGHS/LOWS OF PREVIOUS 2 DAYS THERE WILL BE A
PULLBACK TO THE RESPECTIVE HIGHS/LOWS .
MOSTLY THEY WILL TEST EH HIGHS/LOWS.
THEN ONCE THE REVERSAL IS DONE THEN A OPPSITE RECOVERY CANDLE FORMS .
ONE SHOULD ENTER HIGH OF THIS CANDLE WITH STOPLOSS AS MENTIONED IN THE ABOVE
STOPLOS SLIDE.
ENTRY TYPE3