Hello Friends!!!
I trade only in MCX and I use quite a unique combination of Standard deviation,volatility and Fibonacci ratios to arrive at a method for my trades.
I call it the “8 ladder”method because it has 8 important levels on both buy/sell sides.
This same method can be used for weekly positional and monthly positional trades as well.
“8 ladder” tells me precisely where to enter and where to keep my stops and i book profits once i spot divergence in price chart and another custom indicator called the TSI - Trend Strength Indicator.
I can't reveal pictures of 8 ladder system as it is copyright protected.
I don't keep any specific targets in mind as it creates additional pressure in your mind.My charts will show when to book it and till today i'm happy to say that its winning.
Thanks for reading.
Happy trading!!!