CHECKLIST
OF ALL INTRADAY
STRATEGIES
BREAKOUT STRATEGY
TRENDLINE BREAKOUT
Rules for Long Positions:
● Trendline Should be Valid i.e, minimum of 3 points or pivots
should be connected.
● Breakout Should happen with an Increase in Volume as
compared to the previous candle’s volume.
● There Should not be an Opposite Reaction in the Breakout
Candle (Selling Pressure in Breakout Candle)
● There Should not be any Opposing HTF SZ near the Breakout of
a valid Trendline
● Entry Point will be Above the close of Breakout Candle
● Stop Loss Point will be Below the low of Breakout Candle
● We should get a minimum RR (Reward to Risk Ratio) of 2:1
before HTF SZ while planning a Breakout Trade.
Rules for Short Positions:
● Trendline Should be Valid i.e, minimum of 3 points or pivots
should be connected.
● Breakdown Should happen with an Increase in Volume as
compared to the previous candle’s volume.
● There Should not be an Opposite Reaction in the Breakdown
Candle (Buying Pressure in Breakdown Candle)
● There Should not be any Opposing HTF DZ near the Breakdown
of a valid Trendline
● Entry Point will be Below the close of Breakdown Candle
● Stop Loss Point will be Above the high of Breakdown Candle
● We should get a minimum RR (Reward to Risk Ratio) of 2:1
before HTF DZ while planning a Breakdown Trade.
Probability Enhancers for both Long and Short Position:
● Slope of the Trendline is almost 45°
● Trendline is tested more times
● Trendline to which price respects and does not move out of it
anywhere in between
● Trendline has drawn connecting the latest pivots.
● Price is not travelling a long distance before a breakout.
● Price halts before the Breakout/Breakdown candle.
● Volume increased in the Breakout/Breakdown candle is more as
compared to many previous candle’s volumes.
● Confluence of any Price Action Concept
● There is no Strongest LTF Opposing Zone
RECTANGLE PATTERN BREAKOUT
Rules for Long Positions:
● Price Should be stuck in a Narrow Range Between Two
Horizontal Lines.
● Breakout of Rectangle Pattern Should Happen with the Increase
in Volume.
● There should not be any opposite Reaction in the Breakout
Candle (Selling Pressure in Breakout Candle).
● Price should be coming from HTF DZ
● Entry will be just Above the Close of Breakout candle.
● Stop Loss will be Below the Low of Breakout candle.
● We should get minimum RR of 2:1 till Opposing HTF SZ
Rules for Short Positions:
● Price Should be stuck in a Narrow Range Between Two
Horizontal Lines.
● Breakdown of Rectangle Pattern Should Happen with the
Increase in Volume.
● There should not be any opposite Reaction in the Breakdown
Candle (Buying Pressure in Breakdown Candle).
● Price should be coming from HTF SZ
● Entry will be just Below the Close of Breakdown candle.
● Stop Loss will be Above the High of Breakdown candle.
● We should get minimum RR of 2:1 till Opposing HTF DZ
Probability Enhancers for both Long and Short Position:
● Longer the price is intact between 2 Horizontal lines (Resistance
& Support) & more often it is successfully tested, the more
important and reliable it becomes.
● Plan deeper Entry if we are not getting minimum RR of 2:1 till
opposing HTF zone.
● Price halts before the Breakout/Breakdown candle.
● Volume increased in the Breakout/Breakdown candle is more as
compared to many previous candle’s volumes.
● Confluence of any Price Action Concept
● There is no Strongest LTF Opposing Zone
INSIDE CANDLE PATTERN
Rules for Long Positions:
● A Mother Candle should form and Next Candle should be
completely Inside the Mother Candle (We don’t have to check
Invisible Candle in Inside Candle Strategy)
● Colour of the Mother candle should be Green
● Inside Candle should form and it can be of any colour
● Inside Candle should not be too much narrow range
● Price should be in HTF DZ or reacting from HTF DZ
● We have to Plan for Long trade as soon as the price crosses the
High of the Inside Candle
● If the price cross Low of the Inside Candle before crossing the
High of the Inside Candle, then we have to Reject that Trade
● Entry will be just Above the High of the Inside Candle
● Stop-Loss will be Below the Low of the Inside Candle
● We should get a minimum RR of 2:1 till HTF SZ
(Best/Average/Low Quality SZ)
● Price should not be coming from HTF SZ
● Plan deeper entry if we are not getting minimum RR of 2:1 till
HTF SZ
Probability Enhancers for Long Position:
● Inside Candle Pattern should not form in Sideways structure
● If the Inside Candle has good Buying pressure then it's good for
Long trades
● Inside Candle getting formed after Breakout of any Resistance
● Inside Candle getting formed just at any Resistance
● If the High of Mother candle and Inside candle are almost the
same then the Entry point will be crossing High of both the
candles.
Rules for Short Positions:
● A Mother Candle should form and Next Candle should be
completely Inside the Mother Candle (We don’t have to check
Invisible Candle in Inside Candle Strategy)
● Colour of the Mother candle should be Red
● Inside Candle should form and it can be of any colour
● Inside Candle should not be too much narrow range
● Price should be coming from HTF SZ
● We have to Plan for Short trade as soon as the price crosses the
Low of the Inside Candle
● If the price crosses the High of the Inside Candle before crossing
the Low of the Inside Candle, then we have to Reject that Trade
● Entry will be just below the Low of the Inside Candle
● Stop-Loss will be Above the High of the Inside Candle
● We should get a minimum RR of 2:1 till HTF DZ
(Best/Average/Low Quality DZ)
● Price should not be coming from HTF DZ
● Plan deeper entry if we are not getting minimum RR of 2:1 till
HTF DZ
Probability Enhancers for Short Position:
● Inside Candle Pattern should not form in Sideways structure
● If the Inside Candle has Selling pressure then it's good for Short
trades
● Inside Candle getting formed after Breakdown of any Support
● Inside Candle getting formed just at any Support
● If the Low of Mother candle and Inside candle are almost the
same then the Entry point will be crossing Low of both the
candles.
ENGULF PATTERN
Rules for Long Positions:
● A Red Leg candle should form, the Next candle should be Green
and completely Engulf the Body of the previous Candle (or at
least 70% Body of the previous Candle)
● Both the candles should be Leg Candles
● Both the candles should not have too much wicks
● Green candle should not have upper wick more than 20% of the
range of the candle
● Green candle should Engulf Red candle completely (or at least
70%) [This comparison is Body to Body of both the candles]
● Engulf Pattern Should form Inside the HTF DZ
● Engulf Pattern should form at the Extreme of Pivot
● If price cross Lowest of the Engulfing Candle (Green Candle) and
the Previous Candle (Red Candle) before crossing the Close of
the Engulfing Candle then we have to Reject that Trade
● Entry will be just Above the Close of the Engulfing Candle
● Stop-Loss will be Below the Lowest of the Engulfing Candle
(Green Candle) or the Previous Candle (Red Candle)
● We should get a minimum RR of 2:1 till HTF SZ
(Best/Average/Low Quality DZ)
● Plan deeper entry if we are not getting a minimum RR of 2:1 till
HTF SZ
Probability Enhancers for Long Position:
● Engulf Pattern should not form in Sideways structure
● The nearer an Engulf Pattern is to the Distal line of HTF DZ, the
better it is.
● If Stop-Loss is near Distal of HTF DZ then place Stop-Loss beyond
HTF DZ
Rules for Short Positions:
● A Green Leg candle should form, the Next candle should be Red
and completely Engulf the Body of the previous Candle (or at
least 70% Body of the previous Candle)
● Both the candles should be Leg Candles
● Both the candles should not have too much wicks
● Red candle should not have a lower wick of more than 20% of
the range of the candle
● Red candle should Engulf Green candle completely (or at least
70%) [This comparison is Body to Body of both the candles]
● Engulfing Pattern Should form Inside the HTF SZ
● Engulf Pattern should form at the Extreme of Pivot
● If the price crosses the Highest of the Engulfing Candle (Red
Candle) or the Previous Candle (Green Candle) before crossing
the Close of the Engulfing Candle then we have to Reject that
Trade
● Entry will be just below the Close of the Engulfing Candle
● Stop-Loss will be Above the Highest of the Engulfing Candle (Red
Candle) or the Previous Candle (Green Candle)
● We should get a minimum RR of 2:1 till HTF SZ
(Best/Average/Low Quality DZ)
● Plan deeper entry if we are not getting a minimum RR of 2:1 till
HTF DZ
Probability Enhancers for Short Position:
● Engulf Pattern should not form in Sideways structure
● The nearer an Engulf Pattern is to the Distal line of HTF SZ, the
better it is.
● If Stop-Loss is near Distal of HTF SZ then place Stop-Loss beyond
HTF SZ
FOLLOW THE FOOTPRINTS STRATEGY
(FTF STRATEGY)
Rules for Long Positions:
● Price should be coming from a Best or Average Quality HTF DZ
(75 mins/ 125 mins/ Daily) or Pro-Gap Up or the Trend in HTF
(75 mins/Daily) is Up
● If the Trend condition in ITF is Up then Look for Continuation or
Reversal Pattern LTF DZ
● If the Trend condition in ITF is Sideways then Look for Look for
Reversal Pattern LTF DZ at Extreme
● If the Trend condition in ITF is Down then FTF Trade Not Possible
● Identify Demand Zone in LTF (5/10/15/25 mins) near CMP
● LTF DZ should be Strong, Recent, Fresh and should have an
Achievement
● LTF DZ should be of Same day or 1 day before
● Identify the Supply Zone in LTF near CMP to check RR. (If RR is
equal or more than 3:1 then we can plan the trade. If RR is less
than 3:1 then we have to reject that trade) [Considering
distance from Proximal Line of LTF DZ to Proximal Line of LTF SZ]
[Please Note: This LTF SZ need not be Fresh or Strong or Recent]
● If the Anticipated Trend in ITF is Up then we can trade from
Continuation or Reversal Pattern LTF DZ
● If the Anticipated Trend in ITF is Sideways then we can trade
from Reversal Pattern LTF DZ at Extreme
● If the Anticipated Trend in ITF is Down then FTF Trade Not
Possible
● Entry will be just above the proximal line of LTF DZ
● Stop-Loss will be reasonably below the distal line of LTF DZ
● Target till opposing LTF SZ should be 2:1
[Please Note: This LTF SZ need not be Fresh or Strong or Recent]
Things To Check Just Before Entry :
● There must not be opposing LTF SZ till 3:1 RR. If price is making
LTF SZ while coming to our Entry point then we must get 3:1 RR
till that LTF SZ otherwise we will reject that trade.
● ITF trend should be in our favour.
● Price must not be coming from HTF SZ.
Rules for Short Positions:
● Price should be coming from a Best or Average Quality HTF SZ
(75 mins/ 125 mins/ Daily) or Pro-Gap Down or the Trend in HTF
(75 mins/Daily) is Down
● If the Trend condition in ITF is Down then Look for Continuation
or Reversal Pattern LTF SZ
● If the Trend condition in ITF is Sideways then Look for Look for
Reversal Pattern LTF SZ at Extreme
● If the Trend condition in ITF is Up then FTF Trade Not Possible
● Identify Supply Zone in LTF (5/10/15/25 mins) near CMP
● LTF SZ should be Strong, Recent, Fresh and should have an
Achievement
● LTF SZ should be of Same day or 1 day before
● Identify the Demand Zone in LTF near CMP to check RR. (If RR is
equal or more than 3:1 then we can plan the trade. If RR is less
than 3:1 then we have to reject that trade) [Considering
distance from Proximal Line of LTF SZ to Proximal Line of LTF DZ]
[Please Note: This LTF DZ need not be Fresh or Strong or Recent]
● If the Anticipated Trend in ITF is Down then we can trade from
Continuation or Reversal Pattern LTF SZ
● If the Anticipated Trend in ITF is Sideways then we can trade
from Reversal Pattern LTF SZ at Extreme
● If the Anticipated Trend in ITF is Up then FTF Trade Not Possible
● Entry will be just below the proximal line of LTF SZ
● Stop-Loss will be reasonably above the distal line of LTF SZ
● Target till opposing LTF DZ should be 2:1
[Please Note: This LTF DZ need not be Fresh or Strong or Recent]
Things To Check Just Before Entry :
● There must not be opposing LTF DZ till 3:1 RR. If price is making
LTF DZ while coming to our Entry point then we must get 3:1 RR
till that LTF DZ otherwise we will reject that trade.
● ITF trend should be in our favour.
● Price must not be coming from HTF DZ.
Probability Enhancers for Both Long and Short Position:
● Confluence with Any Price Action concept (e.g., S&R, Trendline,
Round Numbers, etc)
● We have to check if there are any Level on Level LTF Zones and
according to that we have to take either “Confirmation Entry or
‘Set and Forget’ Entry” or we have to merge the zone and take
deeper entry
● When the LTF zone is at the Extreme of the HTF zone then we
have to place SL beyond the distal line of HTF zone
● We have to check Reward to Risk (RR) till Opposing HTF Zone
when the opposing LTF Zone is beyond Proximal line of HTF Zone
or there is no LTF Zone