Current-Pre. Day Vwap Strategy | TradingView

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Indicator used : Vwap (volume weighted average price) 

Vwap indicator itself takes into consideration volume weight (time) and price. Hence, no other indicator is required. 

Vwap is an intraday indicator so a small time frame is used. Works best on 15 minutes time frame, however, if you are comfortable, you can try on 5 minutes time frame as well. Strategy says 15 minutes so if you deviate, do your back-testing and then deviate. 
 
Two words are used here. Pvwap and cvwap. 
Pvwap is previous day end of the day vwap. 
Cvwap is current day vwap. 

Pvwap can be obtained by plotting vwap indicator on chart and looking where it was plotted at 3:30 pm. 

Cvwap is obviously current day vwap which can be obtained by plotting vwap indicator. 

Applicability of the strategy : all instruments (stocks, indexes, commodities, currencies). 

Works best on fast moving stocks and Nifty Future and Bank Nifty Future. 
So the strategy says : 

-If the instrument is trading above pvwap, it is bullish and we look for a buy entry
-If instrument is trading below pvwap, it is bearish and we look for a sell entry
-buy entry - any 15 minute candle that crosses cvwap and closes above both cvwap and pvwap, buy entry will be above high of that candle. 
-sell entry - any 15 minute candle that crosses cvwap and closes below both pvwap and cvwap, sell entry will be below low of that candle 


NOTES: 

Fake breakout cannot be totally avoided. However, with use of price action knowledge, one can observe each candle and its movement and then take a decision whether to continue the trade or quit. 

Agreed that strategy doesn't work on range bound days but whether a day is range bound or not that we get to know only during the day. No way to identify beforehand if a day will be range bound. One can only predict. 

This strategy gives more than 60% results and with 1:1 Risk reward ratio, it is excellent. You can do your maths. 

I personally avoid trading a day after trending day as mostly it is a range bound day. You guys can take a tip from here. 

Avoid trading on election days and or RBI event days as fluctuation is high. If one is new and cannot manage fluctuations, you might end up losing capital. 

It is ideal to risk 1-2% capital in your trade. So if your capital is say 1 lac, max risk should be 2000. Hence you can trade in one lot of NF (25*75= 1875) 

High beta stocks are fast moving stocks. 

I am also a working trader. If one is ready with levels and uses bracket orders, one can very well trade along with job. 

If you are new to this, do paper trades and then start with one lot.

We don't use any other indicator except vwap. If you want to use, you can use on your own discretion and comfort. 

Whether to take all the trades generated as per vwap or not totally depends on your risk appetite. 

In order to scan stocks to trade as per vwap, take following as a guide 
- if you are totally new, trade only in NF first 
- if you're a little experienced in NF, trade in high beta stocks
- if you have knowledge about PA, short list stocks that are about to breakout/breakdown
Basicy, manual scanning is best scanning. 





Opening Range Breakout | TradingView

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In layman’s terms or in simple English, let me explain what opening range breakout means.
If you break the phrase - Opening Range Breakout into the following:

Opening: Obviously it means starting of something, in this context it means the market

Range: Range is defined as the variation between the upper limit and lower limit, in this context, the limits of a stock price

Breakout: Breakout means moving outside of the specified limits or the range in this context.

Any stock creates a range in the first 30 minutes of trading in a day. This is calling Opening Range. The highs and lows of this time frame are taken as support and resistance.Any stock should trade within a range, which is comparatively lesser than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 - 60 minutes.

You can buy when the stock moves above the opening range high and sell when the stock moves below the opening range low. The idea is to go long on a break above resistance, or short on a break below support.

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Turtle Trading | TradingVIew

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Turtle trading is a renowned trend-following strategy used by traders in order take advantage of sustained momentum. It looks for breakouts to both the upside and downside and is used in a host of financial markets.

Markets traded: the turtles traded futures contracts, looking for highly liquid markets that would allow them to trade without moving the market without a large order.

Entries: two different entry systems were used. The first used a simple 20-day breakout, defined as a 20-day high or low, or a 55-day breakout. Winning positions would be added to, up to a maximum of four entries.

Stop losses: the turtles were taught to use stop losses at all times, in order to ensure that losses did not become too large. Crucially, they determined their stop loss before they entered the position, defining their risk before the trade was placed.

Exits: The system one exit rule was a 10-day low for long positions, and a 20-day high for shorts, while system two utilized a 20-day high or low. They did not use stop exit orders, but watched the price in real time.

Try it out on different time frames, find the best on for your asset and enjoy trading!

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