Intra-Day - What are the strategies for Intraday trading ? in Equity / Stocks - There are numerous styles of buying and selling observed by the buyers for Intraday trading. A few traders rely on ...
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What are the strategies for Intraday trading ?

  1. What are the strategies for Intraday trading ?

    There are numerous styles of buying and selling observed by the buyers for Intraday trading.

    A few traders rely on the trend for Intraday trading and usually are a lot more affected person and make fewer transactions.

    Some buyers recognition on very quick time period and exit the location when they attain minimal level of profit.Such investors usually rely on quantity of transactions to make a enormous profit.They perform more than one purchase and promote trades and every so often go out the position within mins.

    Few traders resort to Intraday trading simplest inside the case of a few predominant occasion whilst a particular stock is supposed to head up or down based totally on a few event.

  2. Search for ORB (Opening Range Breakout) trade set up in Google and you will find one

  3. (Source google) ORB (Opening Range Breakout) trade set up:

    Opening Range Breakout (ORB) is a commonly used trading system by professional and amateur traders alike and has the potential to deliver good returns if done with proper discipline and money management rules. This system is applicable only for intraday trading.

    ORB trading has several variations practiced by traders all over the globe. Some traders trade on a significant breakout from opening range, while others trade immediately on opening range breakout. Time window for the trades also varies from 10 minutes to 1 hour.

    Trading Strategy

    Quite Simple and straightforward. Rules in the next section needs to be adhered to increase the success rates dramatically.

    Any stock creates a range in the first 10 to 30 minutes of trading in a day. This is calling Opening Range. The highs and lows of this timeframe is taken as support and resistance.

    1. Buy when the stock moves above the Opening Range high.
    2. Sell when the stock moves below the Opening Range low.

    General Rules – Applicable for both Buy and Sell:

    Opening range is defined by the high and low made in the first 15 minutes. You can set the duration as per your wish, it could be either first 5 mins range, 10 minutes range or 15 mins range.

    Rules for Buy

    Buy when the stock price crosses above the opening range.

    Where to keep Stoploss

    Initial Stoploss – Low of the Opening Range.

    Rules for Sell

    Sell when the stock price crosses below the opening range.

    Where to keep Stoploss

    Initial Stoploss – High of the Opening Range.

    High Probability Trade Setups

    Below additional conditions will give high probability of success:

    The Opening Range breakout is above previous day’s high for buy.

    The Opening Range breakout is below previous day’s low for sell.

    Trade is in the direction of higher time frame charts (15 min /30 min).

    Overall Market is moving in the direction of the trade.

    Opening range breakout happens after brief period of consolidation.

    Important Additional Points

    If the opening range is too wide, better do not trade ORB, since the SLs will be very far in our system. You can use other trading systems in such a case.

    Avoid Opening Range Breakout trades in case of a heavy news flow day. ( Like Inflation, Manufacturing, Policy decisions etc.). Use other trading systems once the market settles down after the news.

    Even if the above rules looks bit complicated to you, then follow just one simple rule.

    Mark the High-low range for 1st 15 mins,

    Go Long if High range is broken, with stop loss as low range.

    Go Short if low range is broken, with stop loss as high range.

  4. Smile Startegies for intraday trading

    A smart investor follows the following strategies for the best intraday trading:

    {1} Mostly try to do trade early hours (between 9:15 am to 10:00 am).

    {2} Try to use technical analysis tools for best results.

    {3} Follow the candlestick patterns.

    {4} Follow price pattern to execute the trade.

    {5} Use RSI (Relative Strength Index) and Volume before going for the trade.

  5. according to me, the most important thing is to use a stop loss in every trading. you should cut your position whenever your stop loss trigger.

  6. Thank you everyone for such informational replies. These are some very useful strategies to do an intraday trading. Is technical analysis alone is reliable for intraday trading?

  7. Yes, as long as you are flexible with your trades and go with the trend. You may enter a trade with target and SL in place without knowing that results are going to be announced that day for the stock you have taken position. This will have big impact on ur position. So apart from technical analysis, check out for events related to a company/sector/market etc.

  8. Sho

    i think adx is important to use while trading...

  9. I think intraday trading can be very profitable if you follow proper technique, as a trader if you have enough knowledge then you can use your own strategy but other hand if you are new to market i suggest to hire a advisor who can guide you to trends of market.

    and always follow a proper SL to your every position.

    Thank you.

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