What is Three White Soldiers?
Three consecutive long bullish bodies with higher closes — strength after base or breakout.
Indian market context (NSE)
Reference levels: Nifty 50 at 24,300, Reliance Industries at ₹1,300, Bank Nifty futures at 55,000 (lot size 30). Examples below show how Three White Soldiers shows up on Indian index, equity, and futures books — update to live quotes in your journal.
Nifty 50 perspective
Three White Soldiers on Nifty (24,300): on the 15-minute chart, combine with session VWAP and 9:15–10:00 liquidity — index three white soldiers signals misfire on expiry Tuesdays without volume confirmation.
Reliance Industries perspective
Three White Soldiers on Reliance at ₹1,300: daily vs hourly settings diverge around results and ex-dividend dates; note corporate events in journal when three white soldiers readings spike.
Bank Nifty futures perspective
Three White Soldiers on Bank Nifty futures (55,000): first-hour signals differ from post-14:30 behaviour; avoid standalone entries when banking names lead the move.
How to validate
- Forward-test Three White Soldiers on paper or sim for two weeks after rule changes.
- Validate only on trades where Three White Soldiers settings matched the written playbook.
- Split results by trending vs range weeks on Nifty before trusting the signal.
- Require higher-timeframe bias agreement if that is part of your rule.
How to track in TradeLyser
- Add Three White Soldiers reading to trade entry notes (value + timeframe).
- Create tags: “Three White Soldiers aligned” / “Three White Soldiers ignored”.
- Monthly: filter trades by alignment tag and compare win rate and avg R.
- Screenshot chart context for mentor review on disputed trades.
Best practices
- Combine Three White Soldiers with higher-timeframe bias — not as a lone trigger.
- Avoid curve-fitting settings on less than three months of tagged data.
- Refresh playbook screenshots when changing Three White Soldiers parameters.
- Skip trading when Three White Soldiers conflicts with written risk limits.
Common pitfalls
- Treating Three White Soldiers as a guaranteed reversal signal.
- Optimising parameters on one bullish month only.
- Trading against higher-timeframe bias because Three White Soldiers “said so”.
- Failing to log when you overrode Three White Soldiers discretionally.
How to use this in TradeLyser
Measure soldier body size vs ATR; review late-trend soldiers separately.
Related terms
A breakout occurs when price closes beyond a boundary — range high, triangle, or prior day level — that traders were watching.
A candlestick summarises price action for a timeframe: body shows open-to-close range; wicks show extremes. Patterns are context tools, not guarantees.
Momentum trading enters in the direction of recent strength, expecting continuation short term.
Three consecutive bearish candles with lower closes — selling pressure pattern.
FAQ
Small soldiers valid?
Define minimum body — avoid labeling weak bars.
Gap between soldiers?
Gaps change character — note gap tag.
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