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  • Trading Intraday Pettern

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    surendra kumar
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    The document describes two intraday trading strategies: 1. Capturing quick morning momentum by taking long positions if the second 3-minute candle closes above the first, and short positions if it closes below, aiming to exit within 10 minutes. The momentum should not be more than 20 points. 2. Entering long or short when the market breaks out of a 15-minute consolidation zone that typically occurs around noon or in the last two hours, where the zone is identified as parallel lines of large or small candles.

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    Trading petterns for intraday.

    Original Title

    Trading_Intraday_Pettern

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    The document describes two intraday trading strategies: 1. Capturing quick morning momentum by taking long positions if the second 3-minute candle closes above the first, and short positions if it closes below, aiming to exit within 10 minutes. The momentum should not be more than 20 points. 2. Entering long or short when the market breaks out of a 15-minute consolidation zone that typically occurs around noon or in the last two hours, where the zone is identified as parallel lines of large or small candles.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    4 views2 pages

    Trading Intraday Pettern

    Uploaded by

    surendra kumar
    The document describes two intraday trading strategies: 1. Capturing quick morning momentum by taking long positions if the second 3-minute candle closes above the first, and short positions if it closes below, aiming to exit within 10 minutes. The momentum should not be more than 20 points. 2. Entering long or short when the market breaks out of a 15-minute consolidation zone that typically occurs around noon or in the last two hours, where the zone is identified as parallel lines of large or small candles.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Reliance Intraday strategies and pattern

    1. Capturing Quick Morning Momentum


    Candle used - 3 min
    Logic - If the second 3 min candle(i.e 9:18 am) is down the closing price of the first
    candle.We make a sorting position.We will get our target in next 10 minutes.

    If the second candle is above the closing price of the first candle.We make a buying
    position and get our target in next 10 minutes.

    Point To Keep in Mind:Since we are capturing quick momentum.So the first candle
    should not be more than 20 points because that can engulf the whole momentum.
    2.Zone Breakout
    Candle used - 15 minutes
    Logic - market consolidates or makes a parallel zone which is likely to break around 12
    or in the last 2 hours of market.

    Large zone

    Small Zone

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