September 9, 2013

My trading checklist

Instrument: nifty futures or at-the-money options

Time frame: intraday

Trading strategy:
- Identify the trend
- buy AFTER a dip when nifty is in uptrend
- short AFTER a bounce when nifty is in downtrend
- breakout failures.

The "AFTER" is a very important part of the trade and is identified using candlestick patterns.

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