September 30, 2015

NIFTY futures intraday charts

- initial bias bullish (gap up)
- lower tails on first 8-10 bars show buying
- today showing new method for small trades
- this is exactly similar to swing high/ low but on 1 min charts
- on 5 min charts, buy arrows are shown in black
- exit is when low of previous bull bar breaks.

This method is good for someone who likes to earn fast money in short time. Drawback is high number of whipsaws (none today though).

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