Have come up with a trade plan. Lets see whether it create impact of success!
- Watch the market fluctuation - Stocks in news - can use News; MoneyControl.com, etc.
- Start looking the trend of Nifty using Candlestick 15 mins with EMA-60 - okay! now almost 40 mins crossed (~ 9:50 AM)
- If candles above the EMA60 line - positive! - will try to seek LONG
- If candles below the EMA60 line - negative! - no probs will seek SHORT
- According to +ve or -ve - take top market movers (top gainers / top losers)
- Also check the volumes for liquidity
- Use charting software - put them on the screen - 15mins candle with EMA60
- Start watching the movement
- If trend of the scrip is also matching with Nifty - then find Mother Candles and following Child
- If trend of the scrip is not matching with Nifty - then confirm by scrip trend - move accordingly
- If strategy says "okay" - then go for it (either long or short) after next confirmation candle forms
- Draw lines for entry, stop loss then finally target (as fast as possible) in charting software
- Put entry in dairy / blog
- Wait for market result!
- Beware of 1 o'clk - European entry..
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