Morning Rituals for Intraday | Margin Trade | Forex Trade | Futures Trading
Well begun is half done.
Before you start making money in Intra-day/ Margin/ Futures, you should
- have strong knowledge in reading and understanding technical charts.
- have knowledge on strong strategy that works.
A well know working Trading Strategy starting with
- Understanding Support, Resistance, Bollinger band, Moving averages and understanding of Oscillators.
- Identifying patterns to go long or short using Weekly charts and Daily charts.
- Identifying patterns to go long or short using 1 hour charts and 15 mins charts.
- Identifying weak and strong Entry points.
- Identifying inital Stoploss and Fixed targets.
- Booking regular profits and identifying re-entry points with revised Stoploss.
- Booking partial Profits based on Oscillators and bollinger bands.
Once you know the above, all you need to do in the morning is to
- Shortlisting stocks that are making new highs or lows, and stock that are oversold or overbought using Weekly or Daily candle stick charts.
- Study NIFTY chart patterns and other important sectorial index chart patterns to understand the market dynamics.
- Identifying number of longs and shorts for the day using point 2 above.
- As the market begins, either continue carry over trades or wait for fresh patterns to occur using 1 hours or 15 mins charts.
Recent short term calls from
- Enter Zee ent. Stock Price 360.6. Target 364, 368 & 372.
- IDBI hits all 5 targets trades at 48.65. Book complete profits.
- Target hit in Escorts at 680. Book 50% profits and Revised Target 700.
- Target 3 hit in Hind Zinc. Target 4: 265 & 268. SL 260.
- Reshort KRBL 318.5. SL 322.5 Target 311 and 305. 2 sessions.
- Short KRBL below 343. Target 338 and 330. 2 sessions. SL 351.
Please do share the article with your friends. Let me know your morning rituals in the comments below.
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