Indeks Nifty 50Edukasi
A very effective nifty trading strategy using Pinbar candle
In this video, I am sharing a very effective "Pinbar Trading Strategy" using an example. To learn this, you must concentrate and listen to each word carefully.
This strategy is simple and easy, but needs a lot of practice before you can use it in the live market.
Here is the Nifty 50 chart of 24th Dec with a 5 minute time frame.
Nifty opens and rises till B which is the same level as yesterday's high. It confirms a resistance level and a downtrend starts.
I am not interested in identifying every candlestick. I wait patiently for my set up. I am focusing only on finding a nice clear Pinbar at 21 EMA in the direction of the trend.
At point F, you can see a Bearish Pinbar formed with a long upper wick (shadow).
This rejection candle at resistance is my entry candle. But, before entering into any trade, i look for more factors to confirm my setup.
You can see that Nifty has taken support at C & D. This support was broken by a bearish momentum candle formed at point E. Thus this support became resistance which was confirmed by Bearish Pinbar at F.
Pinbar formed at F becomes HIGH PROBABILITY SET UP as it also lies in 50-61.8% Fibonacci Retracement Zone.
This Pinbar Bearish Trading Setup has a Long Upper Wick Pinbar formed at Key Entry Point which are
1) Trendline in the downward direction
2) 21EMA ( Dynamic Resistance)
3) Support that became Resistance
4) Golden Fibonacci Zone (50-61.8%)
Entry should be at the bottom of the PINBAR and Stop loss at the top. One can easily aim for 1:3 Risk Reward Ratio.
I hope this video will add value and help you in learning this Pinbar Trading Strategy. Watch this video again and again to gain clarity and practice on the chart. I am sure within a few days, you will become confident to use this strategy for Nifty option buying or option selling. All the best. Thanks for watching this video. Kindly comment your question or views. Please click on the like and subscribe button.
This strategy is simple and easy, but needs a lot of practice before you can use it in the live market.
Here is the Nifty 50 chart of 24th Dec with a 5 minute time frame.
Nifty opens and rises till B which is the same level as yesterday's high. It confirms a resistance level and a downtrend starts.
I am not interested in identifying every candlestick. I wait patiently for my set up. I am focusing only on finding a nice clear Pinbar at 21 EMA in the direction of the trend.
At point F, you can see a Bearish Pinbar formed with a long upper wick (shadow).
This rejection candle at resistance is my entry candle. But, before entering into any trade, i look for more factors to confirm my setup.
You can see that Nifty has taken support at C & D. This support was broken by a bearish momentum candle formed at point E. Thus this support became resistance which was confirmed by Bearish Pinbar at F.
Pinbar formed at F becomes HIGH PROBABILITY SET UP as it also lies in 50-61.8% Fibonacci Retracement Zone.
This Pinbar Bearish Trading Setup has a Long Upper Wick Pinbar formed at Key Entry Point which are
1) Trendline in the downward direction
2) 21EMA ( Dynamic Resistance)
3) Support that became Resistance
4) Golden Fibonacci Zone (50-61.8%)
Entry should be at the bottom of the PINBAR and Stop loss at the top. One can easily aim for 1:3 Risk Reward Ratio.
I hope this video will add value and help you in learning this Pinbar Trading Strategy. Watch this video again and again to gain clarity and practice on the chart. I am sure within a few days, you will become confident to use this strategy for Nifty option buying or option selling. All the best. Thanks for watching this video. Kindly comment your question or views. Please click on the like and subscribe button.
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