20 EMA is never ending love for me
To win Trade you need more confluence
Confluence 1
20 EMA is declining (my go to setup)
Confluence 2
Watch how 100 EMA changed it slope at the moment(earlier slope was upward)
Confluence 3
Study the trendline:- earlier whenever candle touching trend line 20 EMA stays away from the candles thats why price action are not able to breakdown and this time 20 EMA comes down to support the breakdown
Confluence 4
Trap concept :- 1st trap After the trendline breakdown market forms two bullish pin bar to invite trap traders to go long assuming its trap
Confluence 5
Trap concept :- 2nd trap afetr inviting buyers market takes their SL and Again form a new good looking bullish lin bar more advance trader went long assuming it trapped both buyer and seller now its a good opportunity to go long
Confluence 5
Then there is Hardcorescalper secret sauce
20 EMA with me, 100 EMA with me, trend line had numbers of touches and it is weak now, trend line with 20 EMA, 100 EMA supporting as well and most important it trapped 3times buyer and 2 time seller ( 1st buyers on trend line support, 2nd buyers on two bullish pin bar,3rd buyer on good looking bullish pin bar, 1st seller on trendline breakdown and 2nd seller on breakdown of 2 bullish pin bar)
We planned on big bullish pin bar low after traping buyers 3rd time
Usually i don’t take trades after my entry already went in my favour on 20 EMA with the small SL, but here confluence triggered me with the odds in my favour( Thats why i always say you have to be flexible)
Disclaimer :- kuch bhi kar lo, kitna bhi setup lga lo fir bhi SL jaynge warren buffet SL se nhi bachte to hum aaur aaap kya chij hai…
To be profitable in trading you need to work only on these three
1 PATIENCE
2RISK REWARD
3FLEXIBILITY(Adjusting power)
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