https://t.co/YXvnzxegSC
A Master thread on @Singh7575 Sir's Long Only Setups with examples on Charts!
This setup is a gift to anyone who trades long ideas and those who want to trade in CASH due to Capital Constraint. Fits best for people who don't do FNO as this picks some amazing scripts.
https://t.co/YXvnzxegSC
This setup best fits in @tradingview /@zerodhaonline or any broker that provides charting. We only need 2 Indicators.
Indicator 1- 13EMA
Indicator 2 - 34EMA
Both indicators are compulsory and should be exponential(EMA) instead of Simple moving average.(SMA)
Whenever this Setup meets a condition where 13EMA crosses 34EMA from below as depicted in the chart. Whenever the 13EMA crosses 34EMA from below it is a LONG (BUY) SIGNAL.
❗️Timeframe needs to be Daily Only!
The Condition is to place order above the Day's High when crossover happened. Place buying bid above Previous Day’s high. If on current day the stock
doesn’t cross previous day’s high, place a buying bid the next day above current day’s high. For E.g.
Whenever the 13EMA crosses 34EMA from above it is a signal to EXIT or take your SL. For E.g.
SL is a very subjective but vital part in any trading setup. Some take SL based on certain%, PREVIOUS DAY LOW, WEEK LOW. For our comfort on the system we usually take SL as following.
Entry is near a SWING LOW we take SWING LOW as SL.
Let's see how we did it.
Angad Sir's YouTube Channel.
https://t.co/NyAnucpLjU