How to Enter Intraday Long Trade - A Thread🧵
Explained 10 Entry points worth trying for Intraday
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#intraday #trading
1) First Big candle is Trend Setter -
- A big green candle probably sets a bullish trend for day
- Short Term trend must be in mind to take trade, if a stock is in uptrend, further a big green candle give clear confirmation for entry.
Keep SL below Low of Candle
2) Breaking Day High is another good point to enter a long trade.
Again keep the short term trend and day's trend in mind. Go with the trend/ flow.
As explained in Point 1 - Breaking day high is possible in first 3-5 candles also and that's very rewarding
3) Bounce from VWAP in direction OF TREND
As explained in chart, any bounce from VWAP in direction of day's trend is a good entry.
Take it. Keep SL below low of that downside or below VWAP.
4) Breakout after Consolidation
- After 8-10 low range candles if you see a big green candle, its good to take entry for long trade.
Keep SL below that big candle.
5) Breaking a down trend resistance/consolidation of intraday
As explained in chart, after pump chart enters a consolidation phase and breakout of that consolidation is a good entry point for long trades.
6) Rejection from Low, Dragon Fly Doji Candle
Rejecting the down trend, formation of dragon fly doji or Hammer candle is always a good entry point for long trades. Keep SL below low of candle
7) EMA Confluence
As explained in chart EMA confluence is always a good point to enter a long trade. R:R is very high at this point.
Trade with trend for better chances.
8) Equal size or bigger green candle after red for reversal trade
If you see green candle equal or bigger in size than last red candle ( bullish engulfing ) that is a good point to enter the long trade.
9) 20 EMA Bounce -
On a trendy day stocks keep bouncing from 10-20 EMA
On a big pump day (10-12%) stocks respect even 10 ema and on normal pumps (3-5% ) it respects 20 ema.
Bounce from EMA is always a good entry with SL below low of that consolidation phase.
10) Entry in trendy stock with R:R
This is the simplest entry anyone can take.
Just enter a trending stock with 0.5% SL and move the SL to cost once it moves up 0.5%
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