7 most Powerful Intraday Setups that will save you hundreds of hours + change your trading career (all FREE)

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(1/N)

Precautions:

1) Always backtest the ideas before using them in live markets. It gives confidence and conviction.

2) Always keep your risk within 2-3% (of your capital) per trade.

3) System hopping is not a good idea.

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#1 IB Open Low Setup

When the market opens above/at the previous day's high, displays open-low, and OL sustains for some time.

It indicates the presence of Initiative Buyers.

Entry: Long trade above Open-Low Candle (in 10 or 15 min chart)

SL: Below open-low candle

(3/N)

#2 IB Open High Setup

Similar to OL, when the market opens below/at the previous day's low, displays open-high, & OH sustains for some time.

It indicates the presence of Initiative Sellers.

Entry: Short trade below Open High Candle

SL: Above open-high candle

(4/N)

#3 IB Open Test Drive Up

This is similar to OL, but it opens above PDH, but tests the PDH, negates all selling, and then closes above PDH.

It indicates the presence of Initiative Buyers.

Entry: Long trade above Open Test Drive UP Candle

SL: Below OTD-UP candle

(5/N)

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VOLUME is the ultimate Trading cheat code.

But, most people never use it in the right way – because no one ever taught them how.

Here are 10 psychological triggers to knowing Volume in a better way :

Traditional idea of Volume:

- if the price increases with an increase in volume, it is BULLISH
- If the price is increasing without volume, it is BEARISH
- if the price is falling with an increase in volume, it is BEARISH
- if the price is falling without volume, it is BULLISH

But this doesn't hold good every time!

Let's look at some examples.

Ex #1: Tata Consumer (Daily Chart)

Here the price has gone upside from 640 to 780 without any increase in the volume!

Ex #2: Axis Bank (Daily Charts)

Here the price has gone up from 420 to 580 without much increase in the volume.

Do you think it can happen only in an uptrend?

Look at these charts!

Ex #3: Reliance (Daily chart)

Reliance fell from 1620 to 1300 without an increase in volume!

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Getting many questions related to Breakout Trading.

Hence thought to share all the info in one place:

Breakout Trading Book - https://t.co/iLkePBPA2x

Breakout Trading Screener - https://t.co/3teN7Jtuyk

Steps to use the screener -

I am getting many questions related to Breakout Trading.

I have mentioned all the rules in this book

https://t.co/UIwiwggEUg

A few years back, I was so confused to relate "Volume" with "Price" and every time my prediction went wrong.

Later I discovered my own "Prime-Volume" relationship logic, and all the confusions dissolved.

Read the post to know that

The best place to lose money in this world is Trading.

Trading is misunderstood!

I understand why — it’s a complex process with lots of conflicting advice.

Here’s the good news.

With a little effort & dedication, you can do better in

I got many requests to create a screener to shortlist the breakout stocks.

Well, here is one!

Finally, my friend created a "screener" to shortlist the breakout stocks.

It saves over 95% efforts & it is FREE!

Read the article to download it &

Are you looking for a successful intraday trading strategy in Banknifty?

Well here is one along with entry, exit rules, and backtested results!

Bhav Bhagwan Hai (Price is God)

Lekin Open Interest (OI) Bhagwan ka Baap Hai (OI is Father of God)

This is what some traders claim about Open Interest (OI)😄

Is it True or Not?

Check These Features about OI & Decide Yourself!

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#openinterest #OI
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Check the ZEEL OI Change Chart as of 22/Sep/2022

There was a huge spike in 270 Puts (PE).

It means people sold 270 PE anticipating the price would not close below 270 before this month's expiry.

But the closing price of ZEEL on the next day (23/Sep) is 260.95.

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Now can you imagine the conditions of these 270 PE sellers?

They have trapped - Either they have to book a huge loss or shift their position (it brings more risk to the table).

On 23/Sep, most people closed their position in 270 PE.

(3/N)

Also, many traders sold 270 CE, which adds more pressure to the fall.

270 PE opened at 6.9 and closed at 13.5 (close to 100% losses for options sellers) on 23/Sep.

(4/N)

Open Interest (OI) provides all this information (and many more).

What is Open Interest (OI)?

OI is the total number of outstanding derivative contracts (both futures and options) that have not been settled (still open).

(5/N)

Along with 'Price' and 'Volume', 'TIMING' plays a crucial role in Intraday Trading.

One will not get back the missed opportunity in day trading.

Hence, many tools are beneficial to encash these opportunities.

Below are the Top-6 FREE

Day trading offers many trading opportunities to make quick money.

But if there is no trade opportunity in Nifty/Banknifty, then what to do?

How to shortlist stocks for intraday trading? there are some simple

6 Free Tools and Platforms Every Day-Trader Should Be Using!

Why pay, when they are available for FREE?

When people think about what it means to become a

“Successful Trader”

They think they should attend a workshop.

Need not be!

You can become a better trader just by listening to 1-hour teachings from 2-time US Investing Champion Mark Minervini sir!

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First, we must acknowledge the efforts of Vivek ji for bringing him to help Indian traders 🙏🏻

The casual conversation starts to know what's Mark's take on failures.

Whether he has faced many failures at the beginning of his trading journey.

(2/N)

Mark said -

"I will not see failures as failures; I see them as results."

"We get either a good or bad result for every action. Every result comes with a lesson, my aim is to pick it and adopt it in life."

(3/N)

Mark lost money in his initial 5-6 years of trading journey.

He lost around $2,000 to $4,000 first time.

He lost $20,000 to $30,000 second time.

He lost big money when he followed his broker's advice to average a losing stock.

(4/N)

Q - How did Tony Robbin's Program Help you to become a Better Trader?

M - Investing on ourselves is important. One study medical to become a doctor even though he is not paid during the study time.

(5/N)

Apollo Hospitals is ready to breakout!

You don't need to pay someone ₹50,000 or even ₹25,000 to know CPR Indicator.

This thread will show you how...for Free.

Here's My 16-Points For Using CPR Indicator Into A Profitable System in Intraday Trading:

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The Central Pivot Range (CPR) indicator is a technical analysis tool that is used by traders to help identify potential trading opportunities

The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits

(1/N)

CPR is developed by Frank Ochoa. It is similar to Pivot Points but with additional lines (TC & BC).

As per Frank,

CPR is the Swiss Army Knife of pivots, and Like the Moon, the central pivot range controls the tides of the market.

(2/N)

Pivot Points Formula

Pivot point (PP) = (High + Low + Close) / 3
R1 = (2 x PP) – Low
S1 = (2 x PP) – High
R2 = PP + (High – Low)
S2 = PP – (High – Low)

(3/N)

CPR Indicator Formula

The CPR Indicator consists of 3 components:

Pivot = (High + Low + Close)/3
BC = (High + Low)/ 2
TC = (Pivot – BC) + Pivot

(4/N)