↖️Opening range breakout a golden rule for intraday trading ?
Opening range breakout
✅ why we should look for opening range breakout ??
✅ why this is a golden method of intraday trading ?
✅ what levels we should look for intraday trading and how??
✅ why this is the most important term in intraday trading ?/
✅ So today we will discuss about on all important terms and discuss all the terms in brief …
✅ In this above picture you can see the date time open close high low value clearly so note down all the value and draw horizontal line on open value likw wise second image below ..
✅ so in the above picture … i have drawn a range .. noted opening range so today range is 4073
so we need to .. wait for break this level and sustain also .. if this range will break .. then we should buy ..
✅ Note down …— if this range will not break .. dont go for any buying likewise above picture .. it didnt break and .. still .. it went down,.
✅ Now what shoul be the stoploss for this … you can search near swing high candle .. so keep a stoploss above this swing high candle and .. go for short if it didnt break …
✅in this above image i have discussed about opening range .. breakout with stoploss and target.
✅so 4067 is range .. after sometime it broke and price gone rise so ..we should wait for break this level and stoploss shoul be its near swing candle likewise in the image … and for target draw a trendline always … this type of intraday trading is a golden method …
✅ You need to understand the strategy and apply on all stocks commodity whatever you do trade or you want to trade ..
✅this is really a good way for intraday trading …
✅you need to give your time for almost 10-15 days for better results keep patience and have a safe trading ….
✅for live chart of crude oil click here ..
✅for live chart of Bank Nifty click here
✅for live chart of Gold click here
✅for more about intraday trading click here
✅ Amibroker download in free click here
✅discount brokers in india click here
✅ Renko afl download click here
In this blog you will get Amibroker Afl files amibroker download Eod downloader for historical data in free ..
Disclaimer :- Intraday trading is very risky so be cautious and .. before go in live first do demo trade on paper i mean to say if you want to improve your intraday trading you need to practice more and more and for almost 10-15 days it will improve your work ..
Need to try all intraday strategy all setting of indicator that will work for you …
good indicators … list that is good for intraday trading …
1. EMA (Exponential moving avearge )
2. MACD ( Moving Avearge convergence divergence )
3. Support and resistance (Not an indicator but its a great way to find supply and demand zone)
4. Pivot points … its also a good tool for .. find out near support and resistance it includes in all trading platform ..
5.. Its enough .. dont use so much indicator …. in next post post .. i will share a new strategy that will work in intraday ..