Strategy note for Intra day

Setup 1: Contra setup (Fade upside panic)........Primarily for

short side trade
Identify a sharp, extremely wild, multi-fold expansion in candle
range which is immediately followed by a reversal on 130min
candle. Here range expansion is either post a decent move already
in place therefore classified as exhaustion or around historical
resistances i.e. whipsaw & reversal or as a pullback in a series of
LTLB. Just spot an abnormally large candle and then wait for 130min
reversal to initiate trade.
Trade on reversal of 130 min candle placing SL of recent price
extreme.
Trade only in cash and carry by way of initiating same position once
market open next day if able to enter at rate same or slightly better
either at open or anytime thereafter, avoid if it is too far against you.
This helps greatly in managing risk per trade. Take equal risk in each
subsequent trade.
Book profit once stock gained 3 times of risk taken (Fix in advance
the amt of profit and place TP order there. Exception panic selling in
overall market.
If stopped out but market again witness reversal post breakout then
try one more time. However if stopped again then leave that counter
till fresh panic visible.
Wait for a proper reversal to confirm a genuine reversal, and if by
that time price damage is significant then place trade to enter at
some pull back rather at breakdown
Long side panic would be played very rarely and only when the
setup on daily chart is bullish, say price from above 11MA fall
sharply and kiss 11MA
Must follow a strategy of ......when in slightest doubt about set up
quality, avoid. Initiate only those trades when candle is
extraordinarily large & impossible to ignore.

(P.S....Always remember go 3 times the normal size on best of the best top
quality signal rather put even partial money on average or below average
signal)
(P.S....A strict daily routine which include right food, water, sleep,
exercise & meditation is a must for right energy level, vitality &
positive frame of mind which provides a right foundation for trading
successfully)