ЁЯТеЁЯТе Banknifty Intraday Scalping Strategy ЁЯТеЁЯТе

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What Is Scalping?
Is it for everyone?

ЁЯСЙScalping is a trading strategy in which traders profit off small price changes for a stock or index.

ЁЯСЙScalping Relies solely on price action or Technical analysis.

ЁЯСЙ Only Intraday immediate data is of concern.
ЁЯСЙ Scalping requires a trading personality which incorporates the ability to be highly disciplined,

Ability to take quick decisions without hesitation and not questioning their decisions once they have been made.

ЁЯСЙSo first determine whether this style is suitable for you.
Tool 1: Intraday VWAP

Rule:
We will look for buy trades
When price is above VWAP

And look for only sell trades
When price is below VWAP

If you follow this rule,
Your 50-60% wrong trades will go away out of the window.
Tool 2: RSI

RSI shows patterns in momentum which may or may not be seen in price.

In this method
overbought,
oversold or divergence on RSI
Not needed.

Rule 2

RSI (11) should show the same congestion pattern shown by the price
Buy Setup: Looking for congestions

Price generally congests before a fast move.

Try to identify this congestion on price,

See whether the same congestion is shown by RSI

And trade the breakout.
Try to find a triangle formation.
Think of a spring getting coiled.

This pattern takes at least 10 bars to complete (1 min time frame),
The more the better.

None of the bars should close below the VWAP.

A low tag is okay.
Ko
Buy Setup
Whenever the same triangle pattern happens at both Banknifty Future price and RSI.

Wait for an upside breakout.
Buy at breakout

Previous swing low will be your Stop loss.
Red dot line in the picture.
Sell setup

Find out the same triangle pattern in both Banknifty Future Price and RSI.

Wait for a downside breakout

Sell at a breakout.

Previous swing low will be your Stop loss
Master One strategy
Master one instruments
For day trading/ Scalping

The essence of Scalping is quick in out,
Never get stuck with a trade in hope.

Have a stop loss in the system
There is nothing called a mental stop loss.

Concentrate on the indices and master only one.

More from All

1. Mini Thread on Conflicts of Interest involving the authors of the Nature Toilet Paper:
https://t.co/VUYbsKGncx
Kristian G. Andersen
Andrew Rambaut
Ian Lipkin
Edward C. Holmes
Robert F. Garry

2. Thanks to @newboxer007 for forwarding the link to the research by an Australian in Taiwan (not on

3. K.Andersen didn't mention "competing interests"
Only Garry listed Zalgen Labs, which we will look at later.
In acknowledgements, Michael Farzan, Wellcome Trust, NIH, ERC & ARC are mentioned.
Author affiliations listed as usual.
Note the 328 Citations!
https://t.co/nmOeohM89Q


4. Kristian Andersen (1)
Andersen worked with USAMRIID & Fort Detrick scientists on research, with Robert Garry, Jens Kuhn & Sina Bavari among


5. Kristian Andersen (2)
Works at Scripps Research Institute, which WAS in serious financial trouble, haemorrhaging 20 million $ a year.
But just when the first virus cases were emerging, they received great news.
They issued a press release dated November 27, 2019:

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тАЬWe donтАЩt negotiate salariesтАЭ is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I donтАЩt appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but thatтАЩs negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya


And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didnтАЩt want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but itтАЩs not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. [тАж]