Intra Day trading strategy

Intra Day Startegy

I like to describe one good intraday strategy here using few indicators and price action.

1. Bollinger Bands
2. MACD
3. RSI

Strategy for Shorting:

Rule 1:

Find any stock at lower Bollinger band ( 20, 2) and taking an angular turn of 45 degrees approximately

Rule 2:

Look for MACD whether it is below 0 ( means negative) and using general values 12, 9, 26

Rule 3:

RSI is below 30

When any stock satisfying these 3 rules is good for short to see minimum 2% to 3% returns in 30 minutes to 1 hour.

Strategy for Long:


Rule 1:

Find any stock at upper Bollinger band ( 20, 2) and taking an angular turn of 45 degrees upward approximately

Rule 2:

Look for MACD whether it is above 0 ( means positive) and using general values 12, 9, 26

Rule 3:

RSI is above 70

When any stock satisfying these 3 rules is good to go long to see minimum 2% to 3% returns in 30 minutes to 1 hour.

Here I posted charts in which these rules may not exactly satisfied. But following these rules one may see good returns on the trades. You need not touch any stocks which are not moving this way for intra day which is risky.