The idea is to use Simple EMA System (50,200 min cross) with MACD. This is a trend following system with an oscilaltor system. Keep a sharp eye on Heavy Weights and look for patterns which suggest heavy Breakout in anyone of them

Nifty Trading System

hello, Thats pretty good but if u wish to put your stops use a 3 cross over ema like an additional ( 20min /30 min )ema for the stop and trade only when u get a divergence between price and signal .and get ready when the fast ema crosses the middle ...

Nifty Trading System

If you search internet you will find out it is a well-known and very expensive method. Not tantalizing, this is a simplified version. It works. But the trader who is going to trade using this method should be familiar with candlesticks patterns as ...

Free from Prediction and Forcast Method (3LB)

Yes you can. But the chart setup should be applied to an usual candlestick chart while 3LB chart is necessary to specify entry points.

Free from Prediction and Forcast Method (3LB)

A 3lb block is really a validated candle. I mean 2 pips above the high of this candle if it is a long position or 2 pips below the low of this candle if it is a short position.

Free from Prediction and Forcast Method (3LB)

There are softwares that allow the 3Lb even with m13 time frame but they are not free.

Free from Prediction and Forcast Method (3LB)

I'm not familiar with it.

Free from Prediction and Forcast Method (3LB)

For the beginning, make it manually and after a while your eyes do it automatically with no need to any software or indicator

Free from Prediction and Forcast Method (3LB)

It's a non standard time frame m13 = 13 minutes

Free from Prediction and Forcast Method (3LB)

Trading Hours — Best trading hours for intraday traders is between 8 GMT & 17 GMT which there is more volume.

Free from Prediction and Forcast Method (3LB)

Live trade — I will try to live trade for a while and answer the questions but I don't promise to be here so long cause I'm busy trading myself. Not tantalizing, this is a simplified version of method but it can help too much.

Free from Prediction and Forcast Method (3LB)

Reversal 3LB block — Exit the position if you are in the money and a reversal 3LB block constructs against your position.

Free from Prediction and Forcast Method (3LB)

Never trade when ... — Never trade when ema62, ema30 and ema5 are wound in each other. Trade when they are separated. Never trade when you see a divergence in RSI or MACD

Free from Prediction and Forcast Method (3LB)

Candlestick reversal patterns — Exit the position, if you are in the money and one of candlestick reversal patterns (like doji or a long shadow) come across your position. Stochastick cross could be a confirm for such an exit.

Free from Prediction and Forcast Method (3LB)

Stop loss & Trailing stop — S/L = 1.5 * ATR (14) Trailing stop = ATR (14) ............................................................... Risk per trade, should not exceed 5% of equity S/L can be set before pivots or moving averages ...

Free from Prediction and Forcast Method (3LB)

Target — Set the target, 2 pips before pivot More content traders can set the target on mid pivot & ema62 or resistance levels if they are in front of position.

Free from Prediction and Forcast Method (3LB)

Entry Point — Enter 2 pips after the shadow of first 3lb block (or any other block if you haven't enter the position yet).

Free from Prediction and Forcast Method (3LB)

Candles & Blocks — When I say blocks, I mean 3LB blocks and when I say candles, I mean usual candlestick

Free from Prediction and Forcast Method (3LB)

more setup — rsi(14) macd(12,26,9) stock(9,3,3) rsi and macd mostly used to distinguish divergence and avoid risky entries.

Free from Prediction and Forcast Method (3LB)