Here's a super setup with a ~70% win rate & very high R:R for Options Traders.

Name of this setup is - FSC.

🧵

Principle - The First 5/15 min candle of the day is very important. It gives a good indication of what is going to happen with that Index/stock in intraday.
One of the many types of candles is 'Strong' candle.
A strong candle is the one that either has no wick or has a wick on the downside (for green candle) or on the upside (for red).
Now if this candle forms in the first 5 min of the day, it's called FSC - First Strong Candle.
Entry Criteria - Enter at 9:20 am on the Stock forming FSC in 5 Min TF. Go long if FSC is green, short if FSC is Red.

Instruments - Can go with Options, Futures or even cash. Remember this is an Intraday strategy.
SL - low of FSC.

Trailing of SL - using PA-based pivots. You can use VWAP too.
Profit booking - Book half at 1:1 R:R. Keep targets open for rest with trailing SL.
This strategy has given trades even upto 10:1 R:R. But you should never forget about Risk management.
Extra Edge -
For Longs - prefer the stock with FSC at PDH (Previous day's High)
For Shorts - prefer the stock with FSC at PDL (Previous day's Low)

See the examples attached.

Now, there's a problem..
It's impossible to search FSC has formed in which stock exactly at 9:20.
For solving this problem I have made scanners, which give results like this.
All you need is to run them & enter that stock with proper Risk management.

Want to get them?
Simple...
Retweet the First tweet of this thread below & I will share the scanners in your DM.
(Twitter allows DM to only followers, so make sure you follow me @CnceptualTrader )

Also, comment if you want a thread on how to trail SL using PA-Pivots.
https://t.co/dh7YKHj6Tp

More from The Cnceptual Trader 🇮🇳🇮🇳🇮🇳

Here are 16 Free & powerful Scanners for Traders.

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1. NR7 breakout scanner -
NR7 is a great concept using which you can identify the potential breakout candidates.
For details on NR& concept refer to this thread -
https://t.co/EgC9h77bLl
Here's the scanner -

2. Volume & price shockers -
This scans the stocks that have seen a sudden rise in their volume by over 2x times the average volume of last 10 days and have gained or lost more than 5% today.
Great candidate for breakout /

3. 15 min breakouts -
These stocks have shown a rise in both prices as well as volume in the last 15 min. High chances that they will continue the rally

4. Engulfing Candle scan -
This scans the stocks which are in extended up/down trend & have formed Engulfing candle now. They are a great candidate to take reversal trades.

Bullish engulfing - https://t.co/4pOosoeMsL
Bearish engulfing -

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