Now, coming back to the filters that you can use to get high probability traits, we have discussed
these filters in detail in last.
Module that is bullish candlestick patterns, you can use this for filter, that is volume trend line,
risk reward and support and resistance.
You can use these filters to increase the probability of your trades when you trade these patterns.
Since we have seen these four filters in detail, I am not going to devote a lot of time on this.
I'm going to summarize everything in one trade itself.
So let's take an example of this trade, which is nothing but nifty chart.
You can see here that the Nifty has formed a bearish engulfing.
So let's see, what are those checks?
First, it should be uptrend.
Correct.
Then has come.
That is very single thing.
And we have seen that immediate support to this particular stock is this one.
So if you calculate the risk reward, it is one is to three.
The next is next scandal.
This one you can see is a bearish one.
And you can see that market or in this case, Nifty, was at an all time high.
We would do that all time high.
And this pattern is coming then.
It is a very convincing pattern.
So this is where you can see that you have multiple filters working and you can see the volume of the
stock is higher as compared to last two, three days volume.
That is, again, one thing that you can consider while making short.
Of course, here we can see that this has come at all time high.
An all time high acts as a resistance to the market.
So the instance is also the trend line is not the trend line.
You can see that there is no trend line that you can have since the market is an uptrend, you will
normally not be supported by trend line.
But yes, here you can see this resistance is there to the market and there's a high probability trade
that you can have and you can benefit from this.
So this is how you can use filters to increase the probability of your trades, see all these videos?
Once again, twice again, if you are if you have not completely understood this, because there are
small, small utilities that are involved in this particular course that you may not understand at the
first go, you will have to maybe see this two or three times before understanding it fully.
Let's move on to the next video.