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Intraday_Setup

Page history last edited by NimblrTA 11 months, 3 weeks ago

NimblrTA gets very interesting when it comes to intraday setups

 

Timeslots

Intraday is divided into various time slots, these are used as time stops based on KP Panchaang

Panchang Time Slots (Google Calender): https://t.co/AHXN4Vcvz1

 

The grey and black background indicates the timeslots.

 

ORBH/ORBL are sacrosanct

 

Void Course Of Moon (VOM)

During this period the trades remain either volatile or they donot move at all, kind of non-eventness, avoid trading during VOM

You can trade but close the trade within the VOM period. VOM's r at times very sleepy n u can know that by applying 15min Open Range concept n wait for BO. some stocks do very well during VOMs

 

During VOM planets are free of aspects from moon n behave little liberally n therefore at times see more volatility in some scrips which is what we need for trading

 

 

Void of Moon / GST n its Controversial arguments will end Impasse ? .. read .. how US Prez Ronald Reagan used VOM.

A good read to understand its context relevance n non-eventness ! recent eg Brexit Poll result announced on VOM: http://www.mountainastrologer.com/standards/editor's%20choice/articles/void_of_course.html

 

TimeSlots Case Study

Use Astro Swiss Software For Void Course Of Moon details

 

 

If a stock is soaring it is time to exit as VOM denotes 'endings' better than taking any new position on hand.

 

Use DTR / VOM / Margin / DTR Left

https://docs.google.com/spreadsheets/d/1BgUI20NXXRWSAhwTpi4bWFrrYk8-X6WP9rtVR68DOdw/edit#gid=1153328339

Alternatively use http://orbalerts.com for live alerts

 

If Margins are 0.25 0.5 1 2 3 5

DTR are 1.62 2.23 3.23 4.618 5.85 6.85 respectively

 

Timeframe

5mins chart interval

 

Parabolic Sar

In all NimblrTA Intraday 5min charts you will find a Blue Dotted Mark above or below the Candles. You can trace them on this chart too. That's Parabolic SAR. It provides the most earliest Signal of a Reversal!

 

 

Interpretation of Parabolic SAR ! Trend Reversal Indicator Provides Trailing Stop Loss!

 

What is a Step? Detailed Read at https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar

 

Role of Step ..! Step to Max Step Ratio best as per my experience is 1:20.

 

Role of Step ! .... as Step Increases SAR tends to come closer to Price and provides more Reversal Signals! Best to be Avoided.

 

While Step was a Unit of Rate of Change, the next Parameter Max Step is the maximum the Step ! Lower Max.Step Fewer Signals!

 

Higher Max.Step More Signals. For detailed study http://tradingtuitions.com/parabolic-sar-trading-system-intraday-live-signals-and-excel-sheet/

 


Setup

ORB High - High of the first 3 candles of 5-mins charts forms the Open Range Breakout i.e. on a 15 minutes charts the first candle high (Blue)

ORB Low - Low of the first 3 candles of 5-mins charts forms the Open Range Breakout i.e. on a 15 minutes charts the first candle low (Red)

BO High is the Highest of (Bodies of the three 5 mins candles) (ignore the wicks, consider the body high of 3 candles)
BO Low is the Lowest of (Bodies of the three 5 mins candles) (ignore the wicks, consider the body low of 3 candles)

 

BO High and Low lines encompass the bodies of the first three 5min candles

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Time duration 09:15 - 09:30, three 5 mins candles are to be considered.

These are used for BO High/Low and ORB levels and are marked with blue highlights in the charts below for identification.

 

Since these timeslots are used for level identification for intraday trading, any breakout of candles is considered after 09:30

With this logic earliest possible can be

BO1 at completion of 09:35 candle

BO2 at completion of 09:40 candle

 

 

 

 

Do we have an exception for BO1 and BO2 (as of now it's after the ORB is formed) Could this trade be taken differently than as marked?

 

 

The 3rd Candle of the day provided min high or low of third candle is above and below OR Body High and Low. e.g today in Axis Bank, KotakBank, Auro Pharma, Cipla, BPCL.

 

Charts Attached; Condition for 3rd candle as BO1 1) Candle is a strength Candle; 2) If the 3rd candle of the day changes the ORB levels; 3) H or C of the candle crosses OR (Open Range) Body High. Summary: A strength candle which disrupts the OR and/or ORB levels can act as BO1

 

 

 

 

 

 

Required

1) 2 BH>50%CH candles (BO1 and BO2)

2) CCI>100

 

Conditions 1) and 2) are floating in nature, they can occur in any sequence on the time frame, example CCI(34)-30 mins can cross 100, later the breakout candle can happen or vice-versa

 

Preconditions to improve stock selection:

1) GapUp / GapDown (Stock opens a gapup, i.e. Low (Current Day) > High (previous Day))

2) >pH or < pL (Stock greater than previous day High or lesser than previous day low)

3) >ATH (Stock all time high)

4) Candle Count<60-70 (i.e.CCI-B< a day old)

5) TinyBO

6) Superimposition of CCI

7) Doji First

8) All CCI convening

9) Body based gaps

10) Reversal

 

Priority:

1) Higher DTR Left

2) Lower Candle Count 

 

Summarized Conditions:

 

DTR Selection

 

DTR is daily true range (like a bucket to which the maximum rise can happen in a day) DTRL% is the scope of further movement in the direction of trend. DTRL% is 1.2 then stock can rise/fall 1.2% from current levels.

 

 

Margins and DTR mapping on  a Non-Event day

 

On an event day (example results)


 

Case Study DTR and Reversals

Yesbank didn't have DTR left while BOI has DTR available. Both were above ORB High when gave reversal.

Reversals need a high DTR to confirm it is an Event Day. . Secondly, on a Event Day typical to see DTR OR higher than normal. In such cases, if u see a BO as in Yes Bank the Target System changes to Fib Channel Projections!

 

BOI .. nothing wrong on spotting .. but Yes Bank had a additional flavor both triggered Reversal more about the same time, but Yes Bank added momentum primarily because its DTR OR was high and there after to follow with a BO1 & BO2 was like an Event Day!

 

It means that the higher DTRORB 'enables' the 'lower margin' stock to surge upto the fibonacci targets

 

 

Comparison HINDPETRO and IOC

The DTR left is more in HINDPETRO + no flashy candles (not TinyBO though), TGC alignment better in hindpetro

DTR left indicates the scope for further movement, since DTR is less the scope for movement is more

 

 

This is for Locating / Timing the Trade:

Prior to that, underlying following condition must be satisfied:

  • CCI 34 30min>100 and
  • CCI 34 5min>100.

And stay in Trade till:

  • Buy CCI 34 5min>-60
  • Sell CCI 34 5min<60
  • SL's placed based on HTF Non-Breakout (w/o) Stars Candles

 

TinyBO

 

 

TinyBO symptoms

1) TGC togetherness

2) closeness to ORBH/ORBL (above or below) Are 1) and 2) both correct or just optional?

2) is taken care by Tiny BO Test. Both r correct - bonus if it is occurring.
1) is optional - if it is showing TGC can pump 2 parts of 1/4th capital at BO level - as rise is steep with TGC, 3 cdles before or after BO

 


 

 

TinyBO exploded in new time slot after 34 periods

 

TinyBO + >pH

 

 

Absolute linear controlled buying without any flashy long candles so as to not seek any attention, or traders will entry and rig up the price

 

 

 

 

 

 


 

CCI34 5 minutes Usage

 

Reversal Confirmation

TataMotors gave an intraday reversal confirmation

1) Current day low should be the lowest of n,n-1 and n-2 days - This confirms the stock is really at bottom 

2) CCI34 5 mins crosses 100 - Marks the beginning of momentum on Lower Time Frame

3) CCI34 5 mins > CCI34 30 mins

4) BO1 and BO2 are formed

5) TGC gets aligned and in the influx, EMA factor range  0.381 - 2.22 (EMA 5 - EMA 21)/(EMA 21 - EMA 55)

6) BO2 crossing ORBH

 

Bold markings are MANDATORY and bare minimum conditions

 

Generally HTF CCI 34 30min is always lagging but if CCI 34 30min > CCI 34 5min, its more than welcome. Hence, if CCI 34 5min not > CCI 34 30min, check if CCI 34 30min> CCI 34 5min and then whether CCI 34 30min >100

 

Its a Reversal Buy which has the Momentum of any 'emotion' but to sustain must follow with CCI 34 30min>100

 

One may see CCI 34 30min>CCI 34 5min and CCI 34 30min>100, if true Reversal Test Passes

 

Similarly on Sell Side:

For Top Confirmation and therefore SELL

1) High is Highest of last 2 days

2) EMA 34>13>5>Price

 


Reversal Intra Day on Nifty!

1) Low 10822 was lower than prev 2 days low

2) Candle Consecutiveness

3) CCI 34 5min>CCI 34 30min

4) EMA Ratio Confirmed

5) CCI 34 5min>100

 

Qn: Which one should be the apt entry here? Towards the end where CCI-34 30 mins confirms >100?

Ans: Reversals - Need not wait for CCI 34 30min >100 .. it may though follow later ... and if it does not ...EXIT Rule CCI 34 5min <-60 backed with CCI 34 30min <100 !

 

 

QnAgain, where can be the entry in TCS, if enter early CCI-34 30 mins might not cross 100, if enter after CCI34 crosses 100 it might not have much DTR left, also it had a patience testing time during the middle, please suggest your views for apt entry.


 

Ans: Reversals - Lower than previous 2 day's low + BO12, till CCI 34 5min moves >100 is not confirmed which is 2nd Step of Reversal Strategy and then on to 3rd Step of EMA Ratio .. all this happened between 13;45-14:00 hrs .. Cond 2 & 3 satisfying is the Explode Point for Momentum.

 


 

 


 


EDELWEISS moves from 248 to 262 in minutes

SUNPHARMA Reversal confirmation at BO2 where the TGC is marked as 1.16, the stock forms lowest on 22/May/2018 (wrt days 20/21/22 May 2018)

 

Another example of ICICIBANK where the madatory conditions are met confirms the reversal

APOLLOHOSP Reversal Confirmation

 

GODREJCP Reversal Confirmation

 

 

 

Case Study For Reversals

The list below shows the FreshBO

Qn: What if Infosys's gives a reversal, simultaneously, exit isn't yet triggered since CCI 34 30m < -110 !

Ans: Accepted Reversal done, we wait for CCI 8 < -135 to enter long .. in doing do, we get time and see by then how it unfolds ..!

For Reversal Long we wait for CCI 8 5m < -135 to time the trade, as well for the Sell trade EXIT we wait for CCI 8 < -135 .

 

 

Conditions

Previous day (Day 1) low is breached on Day 2

Day 3 (Current day) CCI-34 5 mins crosses 100 + BO

Can expect a surge.

 

In SBI if the first candle low of the day 3 was lower than prev day low of the day's last 5min candle to perfectly fit into the condition

 

Pullbacks During Reversal

 

 

 

Qn: This lower low also compliments the Bullish wedge on higher time frame, is that also the reason we consider <pL in this case.

Ans: Yes .. also the power of a negation to a new low formed on a day vis-a-vis the prev day and then give BO + CCI 34 5min > +100 , makes it a case for turnaround.

 

 

Tracking Classical Intra Day Stocks that end with a Marubozu. Meaning trade and wait for 3:15pm for day's high !

 

Tracking Classical Intra Day Stocks that end with a Marubozu. Meaning trade and wait for 3:15pm for day's high !

 

Tracking Classical Intra Day Stocks that end with a Marubozu. Meaning trade and wait for 3:15pm for day's high !

 

Gapdown > 1.23 at Open

 

Trading "BUY' on GapDns more than 1.23%

(1) BO above OR High

(2) CCI 34 5min crossover above CCI 34 30min

Both conditions once met can entry Buy Trade and vice versa for Sell Trades!

 

 

 

 

No BO here hence no day trading here!

 

 

Gapdns >1%

Replace Time Frame 30MIN TO 5min for CCI 34 30min >+100 condition for Buy Trades along with Candle BO as usual.

 

Gapdown trade for #HCLTECH

 

 

 

Candle Count Relevance

Candle Counts from CCI(34 30m) -100 to +100 indicates the intrinsic strength on 5 mins candles, The count starts from the first time CCI 34 30M  crosses >+100 from -100.

Lower the count, the better it is.

 

Rule

Candle count method never used on Daily Charts. only for intraday and that too only on 5min chart

 

 

Examples

Old signals here 6 days old CCI SH - such trades don't offer must scope


 

Candle Count is 6

 

Second Breakout with all conditions met was HDFC Bank with a count of 18 candles between -100 to +100 of CCI 34 30M.

 

Candle counts 48. Fresh CCI B ! Good Scope for Gains !

 

 

Candl count just 11 5min candles

 

Candle count <60

Hint

 

Candle Count < 144 is one way to screen stocks with momentum!

Can further screen based on Candle count between the oldest candle and the latest candle that crosses +100 and -100 and vice versa,

if that is: 

1) < 44/89 first on the preference

2) < 144 i.e 2 days old worth a shortlist.

 

After the Open Range track if DTR of Open Range is less than 0.762%- it leaves scope for earnings of near abt 1% on 0.25% Margin stock

Thereafter track if CCI about to cross over +100 line and the candle count at the time of cutting .

 

CCI Guidance

 

Exit Strategy

 

Point to be noted for intraday:

From the author itself:

one may see CCI 34 30min>CCI 34 5min and CCI 34 30min>100 ... that also passed Reversal Test Passes
For Top Confirmation and therefore SELL ! 1) High is Highest of last 2 days 2) EMA 34>13>5>Price
Reversals - Need not wait for CCI 34 30min >100 .. it may though follow later ... and if it does not ...EXIT Rule CCI 34 5min <-60 backed with CCI 34 30min <100 !

Comments (13)

Siddharth Khunteta said

at 5:53 pm on Mar 13, 2018

In the SETUP segment at the top BO high and BO Low has been defined as :
BO High - Highest Open of the first 3 candles of 5-mins charts forms the Breakout High line i.e. on a 15 minutes charts the first candle Close (Pink)
BO Low - Lowest Close of the first 3 candles of 5-mins charts forms the Breakout low line i.e. on a 15 minutes charts the first candle Open (Pink)

Have a doubt on this...Is BO high - Highest Open/ Close of the first 3 candles of 5 min chart ? and similarly BO Low - Lowest open/ close of the first 3 candles of 5 min chart ?
In order to give Open and close of first candle of 15 min chart ? If this understanding is correct then the lines are not conveying the intended meaning.

Plz clear my doubts...

NimblrTA said

at 8:17 pm on Mar 13, 2018

BO High is the Highest of (Bodies of the three 5 mins candles) (ignore the wicks, consider the body high)
BO Low is the Lowest of (Bodies of the three 5 mins candles) (ignore the wicks, consider the body low)

Siddharth Khunteta said

at 10:30 am on Mar 14, 2018

Thnx for the updation and clarification.

Siddharth Khunteta said

at 10:55 am on Mar 15, 2018

once a Buy BO is cancelled by crossing the low of BO1 candle. The new BO occurs only by 2 BH>50%CH Candles + CCI >100 or it again has to breach BO High and ORB High Line + CCI>100 ?

Siddharth Khunteta said

at 11:26 am on Mar 15, 2018

In Tiny BO mentioned that:
"1) is optional - if it is showing TGC can pump 2 parts of 1/4th capital at BO level - as rise is steep with TGC, 3 cdles before or after BO" - Please explain this...did not get this..

NimblrTA said

at 12:09 pm on Mar 15, 2018

Q:Once a Buy BO is cancelled by crossing the low of BO1 candle. The new BO occurs only by 2 BH>50%CH Candles + CCI >100 or it again has to breach BO High and ORB High Line + CCI>100 ?
A: It implies BO2 and BO1 are cancelled. The hunt for fresh BO1 and BO2 starts again from fresh. BO1 is C OR H > BO-High and BO2 is C AND H > ORBH, BO2 must be Highest High.

NimblrTA said

at 12:39 pm on Mar 15, 2018

Q: In Tiny BO mentioned that:
"1) is optional - if it is showing TGC can pump 2 parts of 1/4th capital at BO level - as rise is steep with TGC, 3 cdles before or after BO" - Please explain this...did not get this.
A: Implies the timing for entry in the TinyBO when the TGC is together and about to diverge.
For intraday capital is divided into 4 parts, if you invest 1000 as capital for intraday, maximum you should allocate 250 in one setup (1/4th of the capital). For a TinyBo difficult to catch later so invest 2 parts (i.e. 125 of 250 for one trade) at the time of TGC based on the candle count, rest 125 afterwards.

Siddharth Khunteta said

at 12:40 pm on Mar 15, 2018

The new BO2 you said must be the Highest High. Highest High for the day till now ?
For Eg. In case of Mindtree (today) : BO1 and BO2 occurred at 9:40 and 9:45 candles respectively. Thereafter the BO got cancelled by 10:35 candle as it breached the low of BO1 candle.
Now 2 BH>50% candled fulfilling the conditions of "BO1 is C OR H > BO-High and BO2 is C AND H > ORBH" happened at 10:50 and 11:05 candles respectively. Now will it be considered as successful BO ? It is not the Highest High for the day. Highest High for the day occurred at 12:10.
Where will the next BO would have occurred as per NimblrTA.

NimblrTA said

at 3:19 pm on Mar 15, 2018

A: Please refer to https://pbs.twimg.com/media/DYUgAWsW0AERR0W.jpg with indications marked. After the cancellation of BO, the new BO12 pair can occur. Must look for CCI>100 condition at that time.

Siddharth Khunteta said

at 6:08 pm on Mar 15, 2018

For the given chart, a brief write up for general understanding (as i could understand):
In the above example of Mindtree March 15, 2018, BO (BO1 & BO2) occurred in the morning but CCI34 30M>100 was not there, hence not a buy. Thereafter, BO2 and BO1 got cancelled by breaching the low of BO1. Then occurred new BO1 and BO2 also CCI34 30>100 & TGC divergence start. It initiated entry. (Part1 entry). Thereafter Previous BO2 high was also taken 2-3 candles later (Part 2 entry). Part 3 entry can be taken if the price crosses previous day’s high. Part 4 entry on retracement. The whole idea is not to enter in 1 go but to keep on building your entry with further confirmations.

Siddharth Khunteta said

at 7:25 pm on Mar 15, 2018

A little bit f correction from previous understanding: (New BO2 to be considered after breaking previous intraday high)

In the above example of Mindtree, BO (BO1 & BO2) occurred in the morning but CCI34 30M>100 was not there, hence not a buy. Thereafter, BO2 and BO1 got cancelled by breaching the low of BO1. Then occurred new BO1 and BO2 also CCI34 30>100 & TGC divergence start. Thereafter, previous Intraday high was also taken 2 candles later (This initiated entry). Part entry can be taken on retracement. The whole idea is not to enter in 1 go but to keep on building your entry with further confirmations.

NimblrTA said

at 8:30 pm on Mar 15, 2018

Updated charts: https://pbs.twimg.com/media/DYVnStGWAAAkAbU.jpg Basic rule of BO2 never changes. For the second BO the BO2 must have the highest high and close and that happens only when it crosses 815.00

NimblrTA said

at 8:45 pm on Mar 15, 2018

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