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#TRADING Intraday Setup 1 - 3S_Vwap breakout - High prob setup; 5 min tf - Plot VWAP along with 3 std dev VWAP band above and below. Plot 8 period pivot EMA. PRIMARY CONDITION - VWAP SLOPING UPWARDS FOR LONG AND DOWNWARDS FOR SHORT. Following is for longs; Reverse for short.
Long cond. - Price cross above 3 std dev VWAP upper band; Go long at the 1st pullback to 8 period pivot ema abv prev candle high or first pullback to 3 std dev vwap abv prev candle. If trend is strong pullback will be limited to 3sdvwap. Stop at few ticks below 8 prd pvt ema
Trail 8 prd pivot ema if pullback is shallow or 3 sd vwap . If in a strong trend, price breaks below 3 sd vwap, exit and if in a shallow trend if price breaks below 8 period pivot ema, exit. Egs attached for both shallow trend with 8 prd pvt ema pull back and 3sdvwap pullback. 
An index trade based on the above concept.
All in all... Rare setup but it is a real gem set up. However pls take care of stops.
All in all... Rare setup but it is a real gem set up. However pls take care of stops.
