gapup simple OHLC
OHLC means Open, High, Low and Close.
IFF,
Open = High. Go short.(Indicted with Red dotted line)
Open = Low. Go Long (Indicted with Green dotted line)
Using this concept with proper risk reward is the best way for intraday scalping trades with the correct time span for chart reading.
Always take a SL (stop Loss) with the previous day High & Low accordingly.
Either you go long or short,the best time to enter is 9.21-9.25am .
When you are going long,
if the candle breaks the prev day high(indicated by dark blue line) you can expect further up move.
When you are going short,
if the candle breaks the prev day low(indicated by faded blue line) you can expect further down move.
Disciplined trader :If you have missed the timings to enter please do not enter in between.wait for the next opportunity in some other day.
I want every trader to be successful for that you must be disciplined.
Enjoy the money rain.Happy Trading
IFF,
Open = High. Go short.(Indicted with Red dotted line)
Open = Low. Go Long (Indicted with Green dotted line)
Using this concept with proper risk reward is the best way for intraday scalping trades with the correct time span for chart reading.
Always take a SL (stop Loss) with the previous day High & Low accordingly.
Either you go long or short,the best time to enter is 9.21-9.25am .
When you are going long,
if the candle breaks the prev day high(indicated by dark blue line) you can expect further up move.
When you are going short,
if the candle breaks the prev day low(indicated by faded blue line) you can expect further down move.
Disciplined trader :If you have missed the timings to enter please do not enter in between.wait for the next opportunity in some other day.
I want every trader to be successful for that you must be disciplined.
Enjoy the money rain.Happy Trading