Intraday strategy not involving TA

#1
HI all,

Today when I was getting light in the morning :D,, a though struck to me about intraday trading. Just writing it down here, Opinions invited ...


1. Buy if market moves above prev. day high
2. Sell if market goes down prev. day low
3. If market remains between those two levels till 10:30, then buy/sell using high low made till 10:30
4. Keep appropriate SL and SAR if market moves above/below day's high/low

Just a thought don't be too harsh on me :thumb:
 

praveen taneja

Well-Known Member
#2
HI all,

Today when I was getting light in the morning :D,, a though struck to me about intraday trading. Just writing it down here, Opinions invited ...


1. Buy if market moves above prev. day high
2. Sell if market goes down prev. day low
3. If market remains between those two levels till 10:30, then buy/sell using high low made till 10:30
4. Keep appropriate SL and SAR if market moves above/below day's high/low

Just a thought don't be too harsh on me :thumb:
This is called 30 mnt strategy and you made that 90 mnts strategy:p

90 mnt ka sl to kai bar portfolio khali kar dega bro:)
 
#4
When do you exit? Secondly, most of a day's gains (losses) are made in first 30 min of trade and any subsequent movements in the day are minuscule unless feb by breaking news. Also, at between 2:30 to 3:15 pm all intraday trades are squared which drives the market in opposite direction. How do you deal with these issues?
 

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