High Probability Strategy: MTF Inside bar (MInBar) by HMK alias MANOJ @scorpiomanojFRM

High Probability Strategy: MTF Inside bar (MInBar)

Charges : Nil.

Everything right from the tool is provided here. All you need is to do a bit of home work and execute...

1) Scan for stocks with inside bar in 2 HTF, say monthly chart and weekly chart

2) Mark the high of the inside bar with a horizontal line.

3) Come to weekly chart. The monthly markings should be intact.

4) U will find an inside weekly bar as well. Mark the high of the inside weekly bar.

5) Now u have to go long when price goes above the high of this weekly bar or the high of the monthly inside bar whichever is higher.

6) U can go to the daily chart / 75 min chart for fine tuning your entry.

7) Keep stop of 8% in system, this is important . Exit without any questions even if the stock is of the highest quality.

8) Book 50% -75% at 20%-25%. Balance on a daily basis place a stop loss order at cost, this is very important.

9) By this method u can be wrong 3 times for every one right trade to have a net zero return. ie 33% of times u can be wrong . U will lose only if u r Wrong less than 33% times.

10) All other basic things to be followed, for Eg, stock should be above 200 ma, ..... etc ( Refer trend template criteria) . All This is already filtered in Chartink.

11) one example chart posted.

12) Don’t immediately take a trade Tommorrow.

Observe for some days and see if it is suiting your style and you are confident.

13) This method can be plagiarized and can be charged too.

https://chartink.com/screener/mark-minnervini-with-weekly-id

by HMK alias MANOJ @scorpiomanojFRM

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