Lets discuss one more concept.
This is called ERL- early reversal line.
ERL is similar to breakout failure, and breakout failure of what?
It is breakout failure of LPL/MPL or LPH/MPH
See below in the chart and if you combine it with the candlesticks pattern, it becomes even more powerful.
Lets discuss about the targets.
Target can set to next LPL or LPH
OR
It can be trailed with mPL or mPH
Some important note:
The trader’s system we are talking about here has a win ratio of 44%. That is because he only traded breakouts.
Breakout failure will increase your win % by 10 or 20.
But that is not the point.
This system has excellent R:R, you can get 1:10 or more on trending days like today. That will get you profit for a month.
Final note: If you plan to cross a road on consistent basis, you do not blindly do it. You look to the left and then right and then cross it. If you do it blindly, then chances of you getting hit by a car once is 100% in 100 attempts.
SO, Mange your Risk properly, and if you can not. Then do not trade.
How many of you traded this method today?
Would have made you lorry loads of money
Here is the perfect entry
Awesome strategy, learning a lot from you.
Bro How to make ILM /sp v2. 0
see above posts, it is explained.
Sir yhan pe only serch krne btaya hua hai…
Mai ye apne trading view me bnau to kya settings rhegi…
Banane ki jarurat nahi hai, it is already pre-made for free.
Explore it you will get to know.
Tell exact name on trading view so that i can add in my list this option stretgy
Thanks for your music
bro how can i contact you. I want to learn this strategy in detail
can you help me out Please.
maybe a zoom call for people here would be awesome.
Kindly help
Hey,
I am not allowed to do this.
Company policy.
But I am sure you can learn it in depth if you put the required effort and backtest.
I can see only LPL AND LPH on the chart. not others which you mentioned on the discussion.
Hi sir, This strategy is not working, It’s lagging a lot. Could you let me know if there is something else I can do?
Not a big thing. We have made 22. 25 cr from 70k in 2 years
What should be the timeframe? Can it be used with any timeframe?