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    Stop Hunt Set Up

    Uploaded by

    AamirAbbas
    This document describes an indicator called "stop hunt" that is used to identify reversal points and breakout points in the market to execute trades. It analyzes a stock's 2-day range to identify possible extension zones where professionals may look to take profits. There are two main trading setups described - a low risk reversal setup that looks for stocks down from the last 3 days attempting but failing to break above the 100% extension zone, and a contraction pattern breakout setup for uptrending stocks that consolidates or pulls back to the 25% support zone before triggering above the daily contraction pattern range.

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    Stop Hunt Set Up

    Uploaded by

    AamirAbbas
    132 views3 pages
    This document describes an indicator called "stop hunt" that is used to identify reversal points and breakout points in the market to execute trades. It analyzes a stock's 2-day range to identify possible extension zones where professionals may look to take profits. There are two main trading setups described - a low risk reversal setup that looks for stocks down from the last 3 days attempting but failing to break above the 100% extension zone, and a contraction pattern breakout setup for uptrending stocks that consolidates or pulls back to the 25% support zone before triggering above the daily contraction pattern range.

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    stop hunt set up.rtf

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    This document describes an indicator called "stop hunt" that is used to identify reversal points and breakout points in the market to execute trades. It analyzes a stock's 2-day range to identify possible extension zones where professionals may look to take profits. There are two main trading setups described - a low risk reversal setup that looks for stocks down from the last 3 days attempting but failing to break above the 100% extension zone, and a contraction pattern breakout setup for uptrending stocks that consolidates or pulls back to the 25% support zone before triggering above the daily contraction pattern range.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    132 views3 pages

    Stop Hunt Set Up

    Uploaded by

    AamirAbbas
    This document describes an indicator called "stop hunt" that is used to identify reversal points and breakout points in the market to execute trades. It analyzes a stock's 2-day range to identify possible extension zones where professionals may look to take profits. There are two main trading setups described - a low risk reversal setup that looks for stocks down from the last 3 days attempting but failing to break above the 100% extension zone, and a contraction pattern breakout setup for uptrending stocks that consolidates or pulls back to the 25% support zone before triggering above the daily contraction pattern range.

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    The document describes an extension indicator called stop hunt that identifies reversal and breakout points based on a stock's 2 day range. It then outlines 3 trading methods - low risk, breakout, and contraction pattern setups.

    The three trading methods are 1) low risk or oversold setup, 2) breakout setup, and 3) contraction pattern setup.

    The rules for a low risk or oversold setup are that the stock must be down for the last 3 days, identify when it attempts but fails to break the 100% extension zone on an hourly candle and closes above, and buy on a close above the 75% zone or above 50% with a hammer candle.

    Pivot extension set up :

    this set ups is based on pivots boss masters which uses market generated levels to trade

    by taking this study i made one indicator name stop hunt

    now , how extension works :

    every 70% of time market trades in range and 30% trending

    this indicator is made to pinpoint exact reversal points and breakout points to trade

    it considers 2 days range to identify possible extension where market or professional looking to fade
    (profit booking)

    lets see each zone in detail,

    how trade using this levels :

    there are three method which is use to trade by using this indicator

    1) low risk set up or oversold set up


    this set consist least risk hardly 10-8 point but yet most powerfull set up to find exact reversal
    moves

    time frame : hourly


    rule : 1)stock must down atlist from last 3 days

    2) identified stock in very first hourly which attempt to break 100% extension zone but unable
    to break and candle close above 100% extension

    3) set buy triggered after completion of 1 hour above 75% zone if in very first hour stock
    make hammer then buy above 50% is also valid

    4) sl few point below 100% extension zone

    5) tgt r25% of that day

    cpr breakout set up(contraction pattern)


    1) this is pullback set up for uptrending stocks or stocks are strong on charts

    rule : 1) stock must be a uptrending or above weekly cpr

    2) after making recent swing high stock consolidate or fall

    3) last 3 cpr are consolidating or down with lesser gap or make overlapping relation ship

    4) entry let the stock come near 25% support zone and traded below daily cpr for validating
    entry
    5) set buy triggered above cpr zone sl below extension tgt extension count high

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