THREAD ЁЯз╡- Trading Strategies
Here I discuss couple of setups which has an edge in the markets. This was evident during data analysis.
- No more than 1% of risk in one trade
- Max loss of 2% per day
- Keep your risk constant every day. Change your position size accordingly
- Focus on Risk reward as accuracy is not in our hands
ORB - You might be bored of seeing ORB in the list but this is still one of the best setups specially on INDEX (Nifty and Bank nifty) as they are trending in nature.
ORB works best in these 2 cases -
> Gap days
> Entry is made quickly after marking the levels. In other words, Quicker the entry, better it is
> ADX(14) > 30 & ADX(5) < 15 - If volatility is more on bigger TF and less on small TF, it gives you a better edge
ORB can be of 5, 15, 30, 1 hour or even more than that. If the entry is made quickly after ascertaining the levels, it is more profitable as it shows that market is trending today. You can diversify with different ORB timings
Profit booking can be booking half quantity on 1:1 and trail rest.
If mastered, ORB setup alone is enough to give you lots of profit in market.
VWAP Touch - How many times have we seen in a trending market where price retraces to VWAP and continues in the same direction. The best part of this setup is a very attractive risk reward this setup gives.
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