Showing posts with label #tradingStrategy. Show all posts
Showing posts with label #tradingStrategy. Show all posts
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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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