#FreeTip
Free but powerful Tip
A simple strategy for those who aren’t comfortable with complex 1s like adv pivots, mp, cub, etc.
MIB/WIB/ DIB
1) MIB - Scan for stocks with Monthly inside bar. Eg,Today 02/8; So scan for stocks with July monthly candle inside June monthly candle..

#FnO Stocks for Tom intraday trading 08/09/2021
Rules for Long
1) Break of Cam R4 / PDH whichever is higher.
2) Stop Cam R3.
3) If capital = 1 lac, then RA = 1% of 1lac = 1000, Posn Size = 1000 / (r4-r3)
4) Exit 50% - 75% at 1:2 Reward. Move stop to cost for remaining.
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5) Entry style finer tips - Breakout of R4; Plot a 20 period MA. If candle size is big on breakout of R4, wait for retest to either R4 or 20 period MA and enter at a bullish pa closer to any of these.
6) Exit style finer tips - Exit 50% at 1:2 (Very imp)....

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Balance 50%, either trail at cost or trail along with 20 period MA. Keep trailing SL in system. Not in mind.
7) Maximum loss per day should not exceed 3%, which means that by chance if you have tried 3 stocks and all 3 failed, stop trading for the day. Dont try to recover..

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8) Include your profits for next day position sizing thereby giving room for compounding gradually.
9) If broader market is in general up, it is better to enter r4 breakouts; if broader market is in general down, it is better to enter s4 breakouts....

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10) If not sure about broader markets, enter one r4 breakout and one s4 breakout simultaneously if your account size permits.
Good Luck.

#FreeTip
#Scalping
To succeed in scalping, it should necessarily be a rule based approach.
A simple scalping strategy in indices:
1) Timeframe - 2 min (STF)
2) RSI 5
3) RSI 5 in 10 min chart (2x of STF)
Strategy:
Long condition:
1) 3 should be above 50
2) Entry when 2 dips ..

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below 30 and crosses above 30.
3) Keep 0.5% risk
4) Exit at 1: 2 plus RR.
Short condition:
1) 3 should be below 50
2) Entry when 2 moves above 70 and dips below 70.
3) Keep 0.5% risk
4) Exit at 1:2 plus RR.
practice required.
Need to be in front of screen.
Discount broker.

#FreeTip An intraday pivot trading system rule snapshot for long and short and when not to take the long and short.
Handwritten rule.

#FreeTip If 1-2 days before earnings if you observe a otherwise nice uptrending that passes trend template criteria, down 3-5% with low volume (5-10 day low), it is most likely retail panic selling before results and chance of upmove increases .

Last time I shared a basic stock screener for Investors.

Today I will share 1 Basic stock screener for traders .. 👍

The thread explains my momentum scanner and how to build it in #TradePoint software.
@Definedge
Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above previous 5 candle high
3) RSI above 60
4) Volume above previous 5 candles
5) ADX above 30
1/n

Select Double Moving Average 8 and 34
2/n

Under Patterns select Close Above Prev Bars
3/n

Qualify the candle close
4/n

RSI above 60
5/n

NR7 candlestick simplified via @chartmojo

✅ Narrow Range Pattern
✅ R:R Favourable Pattern
✅ Market Psychology Driven

Hence Proved:
Bulls love Valley's (V shaped)
#Bulls hate Mountains.
😉😉😁