Sharing here a strategy that gave me most consistent profit in intra-day in all these years. Narrow Range break out / break down.
Here's how i scan the stocks :
- 3ib
- 3iib
- NR7+IB
- NR14+IB
- NR21+IB
- Double Doji
Stock Selection Criteria :
- IB/Smaller Doji range is around 1%
- Beta is above 0.75
- How has the stock performed in the past with this strategy
Entry :
- Long/Short on Previous Day High/Low break
Stop Loss :
- Opposite side of previous day candle
Target :
1%, 2%, 3%
Will post my stock selection here as and when i can as i have seen that in spite of sharing every single rule, people are still not getting the stocks selection correctly.