Trading Strategy for INDIAN MARKETS WITH ORB 30 MIN

--------------------------------------------------------

1. Buy when the stock moves above the Opening Range high.
2. Sell when the stock moves below the Opening Range low.

General Rules Applicable for both Buy and Sell:

Opening range is defined by the high and low made in the first 30 minutes.

5 min chart with 5 EMA and 20 EMA used for making trading decisions.

Entry should be made only on close of the 5 min candle outside the opening range.

20 EMA is one of the key technical indicators used in this system for trend
trading.
Stop loss is always kept at 20 EMA for riding the profits.

Additional confirmation- One of the two indicators - MACD or RSI should be

favorable for the trade.

MACD Default

RSI (14D) > 50

-----------------------------------------------------------------------------------
-----------------------------------------

Rules for Buy

-------------------

The Opening Range breakout is above previous days high for buy.

EMA 5 > EMA 20 in 15min time frame also must... that is 5min and 15min time frames
EMA 5> EMA 20

Stock should be trading above the 20 EMA line before the breakout.

Buy when the 5 minutes candle closes above the opening range.

5 EMA line should be above the opening range at the time of breakout.

Where to keep Stoploss

Initial Stoploss Low of the Opening Range.

railing Stoploss - As the stock moves in your direction and you are in profits,
book 50% ,
trail the stoploss at 20 EMA. A close of 5 min candle below 20 EMA confirms exit.
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
----

Rules for Sell

------------------
The Opening Range breakout is below previous days low for sell.

EMA 5 < EMA 20 in 15min time frame also must... that is 5min and 15min time frames
EMA 5 < EMA 20

Stock should be trading below the 20 EMA line before the breakdown.

Sell when the 5 minute candle closes below the opening range.

5 EMA line should be below the opening range at the time of breakout

Where to keep Stoploss

Initial Stoploss High of the Opening Range.

Trailing Stoploss - As the stock moves in your direction and you are in profits,
book 50% , trail the stoploss at 20 EMA. A close of 5 min candle above 20 EMA
confirms exit.
-----------------------------------------------------------------------------------
-----------------------------------------------------------------------------------
---