Check each chart when the daily bar closes for a pin bar
Make sure it is bouncing off of a major support and resistance level
If the pin is pointing up against the resistance level we are looking to sell
If the pin is pointing down against the support level we are looking to buy
Set the 50% fib or 61.8% level of the pin bar to find your entry
work out your risk for 2% - 5% of the account
set your entry order at the 50% or 61.8% level
place your stop 5 points the other side of the pin bar (pointy side)
set your take profit level depending on which exit strategy you wish to use
always bring your stop to break even once you are in profit by the same amount as you risked
if your trade is not triggered on the next daily bar then close the trade and look for a new one
See Nifty example for above
Seniors please write afl for this great method :thumb: