Intraday Strategy

SECRET

Price Action

Price action trading revolves around identifying areas on the chart where the demand for buying or selling is likely to be strong.

Step 1

Identify Demand & Supply Zone

Lower time frames tend to give you a lot of false signals. Use 15-minute time frame to research and 5-minute time frame to take entries.

Step 2

Select Dual Timeframe

5 min

15 min

BUY when the price breaks the HIGH of the previous 2 candles. This confirms the upward shifting.

Step 3

BUY Strategy

BUY ONLY IN DEMAND ZONE

Step 4

SELL when the price breaks the LOW of the previous 2 candles. This confirms the downward shifting.

SELL Strategy

SELL ONLY IN SUPPLY ZONE

Step 5

STOPLOSS would be the  LOW/HIGH of the previous 2 candles for BUY/SELL respectively

STOP LOSS 

Never fear to book your  STOP LOSS

Step 6

Target would be the IMMEDIATE OPPOSITE ZONE that is arriving. A good trade at right position will give you atleast 1:4 - SL : Profit ratio

TARGET

IMP POINTS

1. Max 3 trades a Day 2. Accept SL sportingly 3. Never fight with Market      Follow it. 4. Research 15mins      before taking any trade         Njoy your Profits

REMEMBER