Intraday Strategy
SECRET
Price Action
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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
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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
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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
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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
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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
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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
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