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

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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

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#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

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#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

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