I planning to trade intraday trading as follows:
Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.
For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.
For Short : VICE VERSA
Seniors pls advice,
Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only.
For Long: Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.
For Short : VICE VERSA
Seniors pls advice,