I am new member in the forum. This is my first post. I hope you find this post helpful.
I am giving one simple day trading strategy which actually works. I have achieved success in 8 out of 10 trades. This is not a new strategy but I have added few filters for increasing success ratio.
The best part of this intraday trading strategy is you don't have to be in front of the system all the time. Only 15-20 minutes time is required to do analysis.
Start doing analysis at 10 am. Check the overall Nifty trend up or down.
When Nifty in uptrend find stocks which open = today's low. This is a powerful indication that today's buyer are fully in action and sellers are unable to break the open price. Many software’s like sharekhan allow to export data to Excel. This makes easier to sort the data.
After getting the list of shares do apply below filters to it. (Number 2 filter is my observation).
1) ADX(14) on 5 minutes chart should be above 20 and in rising direction.
2) Positive ADX(14) should be more than 10 points than Negative ADX(14) line.
When Nifty in downtrend then check for short opportunities, open=high.
1) ADX(14) on 5 minutes chart should be above 20 and in rising direction.
2) Negative ADX(14) should be more than 10 points than Positive ADX(14) line.
Stop loss is 10 % of the invested capital.
There is no target. The MIS entry will get squared off by the end of the day.
Before risking your actual money, please do paper trade for minimum 1 week to check this strategy.
I am giving one simple day trading strategy which actually works. I have achieved success in 8 out of 10 trades. This is not a new strategy but I have added few filters for increasing success ratio.
The best part of this intraday trading strategy is you don't have to be in front of the system all the time. Only 15-20 minutes time is required to do analysis.
Start doing analysis at 10 am. Check the overall Nifty trend up or down.
When Nifty in uptrend find stocks which open = today's low. This is a powerful indication that today's buyer are fully in action and sellers are unable to break the open price. Many software’s like sharekhan allow to export data to Excel. This makes easier to sort the data.
After getting the list of shares do apply below filters to it. (Number 2 filter is my observation).
1) ADX(14) on 5 minutes chart should be above 20 and in rising direction.
2) Positive ADX(14) should be more than 10 points than Negative ADX(14) line.
When Nifty in downtrend then check for short opportunities, open=high.
1) ADX(14) on 5 minutes chart should be above 20 and in rising direction.
2) Negative ADX(14) should be more than 10 points than Positive ADX(14) line.
Stop loss is 10 % of the invested capital.
There is no target. The MIS entry will get squared off by the end of the day.
Before risking your actual money, please do paper trade for minimum 1 week to check this strategy.
Day Trading Strategy which actually works
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