We all know the importance of Breakout strategy.
There has been many examples and ways in which people work on Breakout Strategy.
Some work on opening range breakout, some work on previous range breakout, some work on 30 min breakout, etc, etc.
I tried another way of breakout which is called 2...
I am sharing here one of the very simple and traditional techniques for intraday trading.
It is based on a concept called as Previous Day Breakout.
The steps involved in this technique are as described below
1. Identify previous day's range. (i.e High - Low)
2. Identify Buy/Sell levels...