Best #intraday setup

If you are struggling to take entry at the right spot, this will be very helpful for you

Read all below messages.

🧵 1/3
Use below mentioned parameters at your charting platform (tradingview).
1. Previous day's close
2.Today's open
3.Previous day, Week & Month High
4.Previous day, Week & Month Low
5.Camerilla pivot level (Only R3,S3)
6.EMA : 9&32
🧵 2/3
In charts, Colours used for:

PINK- R3, S3

🧵 3/3.
How to select stocks..

✓First you have to creat a watchlist from these two scanner.

✓Everyday you should check and add the trending stocks in your watchlist.

Fresh #Breakout stocks #scanner

How to select stocks

From your tradingview app, select the created watchlist and use filter option, filter the watchlist by clicking "sort by change % " option.

You will get the uptrending stocks top of the watchlist.

You can choose by check the gapup % , Volume.
How & where to take entry?
✓ As mentioned, Today filtered this stock using filter in my watchlist.
✓ Camerilla R3 , PMH, PWH, PDH all levels crossed & closed by 4th candle. (REFER COLOUR CODES IN prev 🧵).
✓Can take entry after 4th candle close.
TF : 15 min

✓ Camerilla R3 ,PDH, PWH,PMH all crossed and closed by 4th candle. After taken entry it came down because that was 52 week high level , so profit booking happened.
✓ No need to panic until 32 EMA( THICK GREEN) not broken.
✓Can keep SL below R3 or below 32EMA.
✓After opened, went down and taken support at Camerilla S3. S3 was a good support area. If broken S3 more selling will come.
✓ Once Reversal confirm from S3, wait for open level (green) should cross to take entry
✓ or take entry above R3.
✓After opened, went down and trading below opening level more than 2 hours.
Candle crossed and closed Today open level and Camerilla S3.. there you can take entry.
Conclusion for ENTRY Rules:
✓ Camerilla R3+ Previous day high crossed and closed by 15 min candle.
✓If any 3 or more parameters in narrow range, wait to cross all ( R3,Today open,PDH, PWH,PMH ).
✓All the parameters act as resistance, so candle should crossed and must closed.
Entry conclusion (continued)

✓ Morning stock price gone down and 2nd reversal happened means, Today's open level and Previous day close level should crossed to take entry.
✓9/32 EMA will help you to keep holding the trade. Once the 32 EMA broken, EXIT. Otherwise you can hold.
Entry conclusion (Continued).
✓ Mostly avoid big gap up stocks.. let it cool down. Gap up stocks slowly run sideways and touch 9 EMA, After that it will start move. Some stocks will go down to take support from any of our parameters. So select only minimum % gap up stocks.
Entry conclusion (continued)
Practice only will give confidence to you.. So Try with minimum quantity and build your confident level.

This set up will change your trading style..
✓ Look at this chart, P.DAY CLOSE, TODAY'S OPEN, P.DAY HIGH, CAMERILLA R3 all in very neraby.. So let it cross and close above these levels. In this case, you will get support levels after entry.
This is the indicator. You can find it in tradingview indicator section.

Or you can use any combined indicator along with Camerilla pivot along with OLHC and EMA.

In Camerilla pivot ranges, only use R3,S3.
EMA : 9 & 32.


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