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Saturday, January 21, 2023

Trading Setup: Strategy1: 9.20am strategy



9:20 strategy Mark high and low of first candle . Wait for the breakout & confirmation. Upside= call Downside= put Time frame 5min Don't trade on round figures (e.g. 40000,41000) No trade zone=__960 to __033 If second candle break 033 then you can apply 1st candle's high =__970, 2nd candle break 1st's high then no trade. If any candle except 2nd break 1st's high then you can trade.(e.g.3rd,4th,5th)in between 9:15 to 9:45 In 1st hour 9:15 to 10:15 If SL hit and breakout on opposite side then change your side (eg. If you buy(ce) and SL hit and in 1st hour market break 1st candle's low then sell it (pe) No trade zone for sell(pe) side __050 to __970 No trade zone on Global events Election results RBI policy Gap up or down by 250 to 300 points If market's trend is up and suddenly market open gap down and 1st candle is green then you can apply , same for down trend if market open gap up and 1st candle is red then apply.


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