Nifty Trade Setup Using 5 Minutes Time Cycle!
Jun 21, 2023
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Nifty Trade Setup Using 5 Minutes Time Cycle!
Time cycle helps in identification of possible lows but can also be used to find out supports. Time support zone with price action gives perfect combination for traders.
We have been applying Time cycles right from Weekly, Daily, 15 Minutes and 5 minutes chart. Depending on the Trading Time frame these cycle can accordingly be used.
Below is chart of Nifty showing Time cycles on 5 minutes chart.
Time cycles are used to catch lows. Above chart shows 64 period Time cycle applied on 5 minutes chart which has been working exceptionally well.
As shown, the vertical blue lines are Time cycle zone and we have marked price area that is support as per this time cycle. Every time prices approach near the zone of Time cycle there is upward thrust that can be seen. So one can use Time as a very important parameter for taking the trade on buy side.
If the Time support area breaks there are also sell signals as per this method which happened on 19th June.
To derive the targets one can use the concept of FLD (Hurst’s Time cycle) that can help traders with targets as well.
Prices again bounced on upside from 5 minutes Time support area. As per this cycle short term support is at the lows of 18794.
In a nutshell, Hurst’s Time cycle is a complete trading system by itself if implemented correctly and provides trader with both Price and Time forecasting ability. For Option traders Timing is the most important parameter but largely ignored which can make all the difference in Trading PNL.
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