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Magic Candle Set-up
Instructor: Santosh DeshmukhLanguage: Hindi
New traders often expect magical results from their early trades, such as option prices rising dramatically in a short time. However, there can be profitable set ups that require discipline and experience to execute well. One such pattern involves trading during a specific 45-minute candle.
Focusing only on this set up could generate meaningful profits over time. Most of my trading successes has derive from this candle pattern.
While called "magic," there is logic behind why these candles form. They seem to react to major events in global markets, especially developments in Europe/US market.
With the right application, this set up offers low-risk, high-reward trade opportunities with over 80% accuracy. An experienced trader following the pattern strictly could capture much of the potential for profit it provides.
Ideal time for Trading: 1.45PM/2:30PM (Expiry day)
Also, most of the time this set up will give you gap up/down (not always)
Risk Reward: 1:4/5/6
In this trade you can capture 70% to 90% of the movement.
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