Rules for using Intraday Cash Trading Levels
Intraday Cash Trading Levels:
Due to lot of requests, we have started posing Intraday Cash Trading Levels in our telegram channel on daily basis. These levels are not trading recommendations but the ones that I personally use for my trading on daily basis, so I’m sharing the same with you. You should do your own research on it before taking the trades.
We post the trading levels even before the market opens for the day and we follow the levels very closely. If you are going to trade based on our levels, then you should follow the rules mentioned below to real full benefits
1) All Levels are cash Trading levels, don’t ever use it for Trading in Futures.
2) Don’t enter any trade before 9.20 AM
3) Use 5 Minute Candlestick chart for entry and exit.
4) Enter long if 5 minute candle of the stock closes above the long Entry price (use 3 min candle between 9.20-9.45 AM)
5) Enter shorts if 5 minute candle of the stock closes below the short Entry price (use 3 min candle between 9.20-9.45 AM)
6) SL should be 5 Minute candle closing below SL level for longs and closing above SL level for shorts.
7) Trail SL to cost when stock moves to Target 1, change SL to Target 1 when price moves to Target 2 and so on
8) If target 2 is hit and if price comes back to entry level, re-enter afresh. You can re-enter same levels any number of times.
9) Stop re-entry when the script hits SL. Eg: if long side of the script hits SL during first trade or during re-entry, never enter that script on long side again throughout the day. But you can enter at short side, if the level comes.
10) Always follow same positional sizing throughout the month, use our sizing calculator without fail. Also capture all the trades in your trade log.
Note: Words highlighted in BOLD are very very important.!
As always, paper trade the script for a week or 2, so that you can clarify if you have any queries. Don’t ever play with real money, I don’t like losses, even if it is one rupee.
Watch our YouTube videos at https://www.youtube.com/c/MarketSecrets to learn more about trading strategies.
Need help in becoming a professional and an independent trader? Then, Contact us at https://t.me/MarketSecretsTeam through telegram or Email us at admin@marketsecrets.in
7 Responses
[…] Rules for trading the 4 stocks published in the channel on daily basis: https://marketsecrets.in/blog/rules-for-using-intraday-cash-trading-levels/ Intraday Index Trading: If you want to trade on Index (Nifty/BankNifty) based on the sure-shot […]
[…] Rules for trading the 4 stocks published in the channel on daily basis: https://marketsecrets.in/blog/rules-for-using-intraday-cash-trading-levels/ […]
please provide cash calculator . It will be helpful to trade based on cash levels
Good
thanks bro
Hi can you explain how you will get these levels, on what filter or indicator you use to get this levels, for index and stocks.. because I observed these levels are working beautifully and I want to learn to get the levels
You can join our PTP Program to learn it sir