Nobody will share their own strategy coz it takes endless hours of efforts to build up a good strategy that really works to generate decent income on daily basis.
I use my own price action strategy for last 5+ years and I do not seek any other strategies.
Here is a Strategy for U….!!!!
It is just hit and run, the success ratio is more than 80%.
Don’t look at risk reward ratio, just hit the trade and exit within few seconds...
If Previous Day is a Bull Candle – Open price Less than close.
- Trading day = buy above yesterday’s high , the target is tricky,
- Target = yesterday’s high + ( yesterday’s high – yesterday’s close) or
- Target = yesterday’s high +0.5% – (whichever is smallest target)
If Previous Day is a Bear Candle – Open Price greater than close.
- Trading day = sell below yesterday’s Low
- Target = yesterday’s Low – ( yesterday’s close – yesterday’s low ) or
- Target = yesterday’s low -0.5% ( whichever is smallest target)
The setup is invalid if the stock/index opens above the target or above yesterday’s high/low and touched the target.
I can take a script and give example for the above strategy, but I leave it readers do your homework, you can even come out a good different strategy out of this.
Thanx for reading🙂
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