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masterclass

INTRADAY & SCALPING


STRATEGIES & CONCEPTS

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MINDFLUENTIAL TRADING
Contents
Must know concepts before strategies
Plotting important levels on the chart for Intraday
Discussion on Breakouts & False Breakouts
Stop-loss Management
Intraday Strategies & Other related topics
Gap-Fill & Gap Continuation Strategies [6 strategies]
CPR-based Strategies [2 strategies]
Institutional Zones-based Strategies [2 strategies]
Based on Moving Averages [2 strategies]
How to Ride the trends using MAs
When to avoid trading
Stock Selection Methods

Scalping techniques - 2 strategies

Options related concepts


How to keep stop loss in Options
Strike Selection & Importance of OI data on Expiry days
Nifty & BN Comparision
Risk Management

Others
About Our Premium Discord Community
About Our Mentorships

Q&A Session
PLOTTING IMPORTANT LEVELS FOR
INTRADAY TRADING
WHAT ARE THOSE IMPORTANT LEVELS THAT YOU NEED TO PLOT ON YOUR CHART

5 min chart is ideal for day trading in Nifty, Bank Nifty & Stocks in Intraday

One must have the following levels on their intraday chart:

Support & Resistances [ Daily / HR ] - Mark important support & resistance levels, start from higher timeframes.

Mark supply/demand zones [ Daily / 1 HR ] - These levels are nothing but where there is significant price reversal that has happened
due to heavy selloff due to entry of aggressive sellers or a significant increase in price due to entry of aggressive buyers.

Mark Gaps [Daily] - This is also most important which is often ignored by traders. Gaps happen when there is a significant GAP ups /
GAP down happens due to post-market / pre-market orders, due to global news & because of movement in the US / European markets
/ due to changes in SGX nifty, etc.

Previous day High & Previous days Low [5 min] - It is most important to plot as it acts as powerful support/resistance

Current day high / low level [5 min] - These levels are important when the market is either volatile or rangebound, In trending market
we need not use these levels mostly.

CPR & Virgin CPR [5 min] - This leading indicator acts as leading support / resistance level.

Institutional Zones [5 min] - Most important intraday supply and demand levels

EMA & SMA - These are applied only in specific situations and they help to identify the trend of the market.
2 KEY FUNDAMENTAL RULES IN PRICE ACTION TRADING

Everything that we mark on Charts can


either act as suppport or resistance levels

Support and Resistance levels are


Interchanging levels after proper breakout
Important levels in Daily Timeframe
Important levels in 1 HR timeframe
Gap Levels in Daily TF
PDH & PDL - 5 min TF
Current Day HIgh & Low Level - 5 min TF
CPR - CENTRAL PIVOT RANGE
WHAT IS CPR AND HOW WHY IT IS VERY IMPORTANT FOR A TRADER TO HAVE IT ON CHARTS

"CPR is combination of 3 pivot points called as Top pivot line, Central Pivot line and Bottom Pivot line. We call this entire range as
Central Pivot Range. CPR forms in between daily S1 & R1
"CPR acts as a dual role. It acts as a
support zone and resistance zone. It helps
identify areas in which the buyers are
likely to support the market OR sellers
RESISTANCE 2 are likely to dominate the resistance"

CPR formula
RESISTANCE 1
CPL = (High + Low + Close)/3
BPL = (High + Low)/2
TPL = (Pivot - BPL) + Pivot
Top Pivot Line (TPL)
Central Pivot Line (CPL) CENTRAL PIVOT RANGE (CPR)
Bottom Pivot Line (BPL)
"Normal Pivots are available in many trading platform
SUPPORT 1 but CPR is not. It is unknown to many traders. You can
simply plot this onto your chart without any manual
calculation. We will let you know how to do that
towards the end. For now focus on the concept"

SUPPORT 2
TYPE OF CPR AND THEIR IMPORTANCE

There are broadly 3 types of CPR - (A) Wide CPR, (B) Virgin CPR & (C) Narrow CPR

W I D E C P R

Wide CPR generally means that the gap between each pivot line is more
and hence the candles can easily fit into the gaps as shown beside.

When the CPR is wide, it is a indication that the market stays sideways,
it may not be correct always but most of the time it holds true.

Wide CPR acts as strong support / resistance when compared to


narrow CPR. When the candles start below CPR and try to approach
CPR level, there is high changes that CPR acts as strong resistance
and will not let candles pass through the CPR zone.

Same case when candles start above CPR and try to approach CPR
zone, it acts as strong support zone and won't let candles pass
through them easily.
1. W I D E C P R & Price opens below CPR

In this situation where the candles are below the CPR, the general understanding is it could have bearish momentum on that
particular day.

However in order to confirm the same we need to wait for any other indication, here once the price reaches to the CPR level,
you can see the CPR zone is acting as strong resistance zone.

Will you short now? NO because we indication doesn't mean a trade we need price action confirmation so let's go even
deeper.
2. W I D E C P R & Price opens above CPR

There could be situations like this where price opens just above the CPR and
tries to take support the CPR and then bounces back.

However unless the price movement is confirmed by the price action we


cannot take long or short entry.

In this situation, the price is reacting to the CPR level and making wicks.
Also price is making higher highs indicating bullish momentum. So we can
take a long position once the price is reversed from the CPR and makes
higher high.

Here is a situation where price opened just above CPR and tries to take a
little support at CPR but fails to form a higher high after that and
eventually candles break the CPR zone and comes out of CPR with good
momentum.

It is a good time to short unless there is strong resistance immediately below


the CPR. It is important to look for support and resistances.
3. W I D E C P R & Price opens inside the CPR

There will be situations where candles are struck inside the CPR, It is a clear indication of No Trade Zone.

You should not take any entry when the price is within CPR because price will not show any clear direction and it can continue for long
period of time. Just avoid trading that instrument for that day.

Don't force yourself to take up trade even when there is no proper setup. We should always focus upon high probable trades.

Wide CPR generally mean a sideways market (not always)

When the price opens inside CPR, unless the candle comes out with a good momentum and forms higher highs or higher lows
indicating a clear direction we should avoid trading.
VIRGIN CPR

There will be may trading days where candles will be far away from the CPR and it wont come near CPR for the entire day. In
that kind of situations the CPR for that day becomes a Virgin CPR and this virgin CPR zone is extended to the coming days as
it will act as a good support or resistance zone when price reaches that level.

Here is a good example of use of Virgin CPR. since


the candles did not touch CPR the previous day, it
will be extended to the next day and it actsas a
good support

In this situation the price is unable to break the


Virgin CPR. Since the price has touched the Virgin
CPR, it wont be anymore a Virgin CPR for
upcoming days.

If the candles did not touch the Virgin CPR, it


holds good for the next 4 to 5 trading days.

Nearest(recent days) Virgin CPR is more powerful


than the old days Virgin CPR.
Many traders may have question that - What if only the wick touch the CPR but not the body
of candles, can it be still considered as Virgin CPR ?? - The answer is YES it is still a Virgin CPR
NARROW CPR

Narrow CPR generally means that the gap between each pivot line is
very less and hence the candles cannot easily fit into the gaps as
shown. Single candle may be bigger than the total range

When the CPR is narrow, it is a indication that the market could be


trending, it may not be correct always but most of the time it holds true.

Narrow CPR will not acts as strong support / resistance when


compared to wide CPR. When the candles start below CPR and try to
approach CPR level, there is high changes that candles might pass
through the CPR easily.

Same case when candles start above CPR and try to approach CPR
zone, it may not act as strong support zone and candles might pass
through them easily.

You can see the tomorrow CPR after today's market close and these levels
won't change after the market opens and remains same the entire day.

The best part of CPR is unlike other lagging indicators this will remain same
in any time frame as these are fixed levels and not dynamic ranges.
HOW TO ADD INSTITUTIONAL ZONES AND
TAKE UP TRADES USING THEM

YOU WILL BE GIVEN ACCESS TO ZONES


PLUS ALERT SYSTEM
What are Instituitonal Zones
"These are the zones that have been custom coded which takes into multiple factors based past last 10 trading
days data like days range, high, low, open, close, etc. Based on the calculations, it identifies the secret zones for
the current day. We also call it "Mindfluential Trading Zones"

Characteristics of Institutional Zones


They act as Trend Changer

They can confirm the trend continuation

Sometimes price might not reach anywhere close to the those levels which most of the times indicates
sideways market.

Works in almost all instruments like Indices, Stocks & Commodities, Forex, Crypto etc.
Importance of these levels while trading
Topic Acts as Trend Changer

We observed that often price reacts violently when it reaches institutional zones and it throwback the candles far, Once the
trend change is confirmed by momentum candles, using intraday strategies one can take the trade position. This trend change
pattern often gives high-risk reward trades. However one must not immediately enter the trades on seeing price reaction from
those levels. We always need to wait for price action confirmation like the formation of higher highs and higher lows in long
opportunity and the formation of lower highs, lower lows in short opportunity.
Importance of these levels while trading
Topic Can confirm the trend Continuation

Like any other support/resistance zone, once it faces some minor price rejection but the price is able to break through the
institutional zone with a good momentum candle, then it confirms the trend continuation existing before the breakout of the
zone. After breakout, one should wait for candles to touch dynamic resistance (8 / 20 EMA) and after that, if we get a
confirmation candle then we can take the trade.
See the example below

Acted as strong resistance zone


Importance of these levels while trading
Topic When the stragegy won't Trigger?

There will be days where the price won't touch any of the institutional zones. We can ignore these levels in those scenarios.
This is an inddication of sideways market.
EMA & SMA HACKS
Secret of 8, 20 EMAs & 50 SMA

Price action traders do not generally use lagging indicators for trading decisions. However sometimes
these lagging indicators will be helpful few ways.

8EMA, 20EMA, 50SMA are used as Dynamic Support-Resistance


Zones & Entry-Exit Trigger Points
They act as dynamic support and resistance which are helpful for a finding proper entry in trending market and sometimes
signals a potential trend reversals.

Here in a trending market, 8 EMA is first line of support, it provides


support many times. If candles break the 8EMA then 20 EMA gives
the support generally.

When ever you take up trade in a trending market as per your


strategy, make sure you are placing your 20 EMA, so that you have
enough room to ride the profits.

Rarely 50 EMA also acts as a dynamic support / resistance but


generally if candle breaks 50 EMA, it signals for trend change. It
will be used as entry point during trend reversal trading. A good
candle close opposite breaking 50 EMA is a entry indication.
DISUSSION ON FALSE BREAKOUTS
THE BREAKOUT CANDLE

Avoid Big Candle Breakouts

Long top wick candles indicate a selling pressure, and those candles must be avoided when looking for long
opportunities. Long bottom wick candles indicate buying pressure and has to be avoided for short opportunities.
THE BREAKOUT CANDLE

Avoid Long Wick Breakouts

Long top wick candles indicate a selling pressure, and those candles must be avoided when looking for long
opportunities. Long bottom wick candles indicate buying pressure and has to be avoided for short opportunities.
THE BREAKOUT CANDLE
Has to be a momemtum candle breakout

Morethan 40 to 50% of body has to


break the level for better confirmation

It has to break the Previous Wicks


ALSO LOOK FOR THESE

Check if the price makes a pullback or


Always wait for the candle to close.
consolidation before breaking out. If not then
more chances of it being a fake-out.

This candle broke a key level before closing but after


the candle close, we can see that it's clearly unable to
break the key level
HOW TO EFFECTIVELY PLACE
STOPLOSS & TRAIL IT
Stoploss should be technically & logically valid

Keeping stop loss is a subjective thing that depends on the trader to trader and trade
to trade but few common things that can be followed to have a best stoploss

1. In a long trade, your stop loss must be secured by one or more support levels. Support can be
anything, be it CPR, Support zone, Demand Zone, Moving averages, Institutional zones etc.

2. In a short trade, your stop loss must be secured by one or more resistance levels. Resistance
can be anything, be it CPR, Resistance zone, Supply Zone, Moving averages, Institutional
zones etc.

3. Take into account Swing Highs & Lows also into account when placing the stoploss
Targets / Trailing Stoploss

Keeping targets & Trailing stop loss is also a subjective thing. It varies from trader to
trader & trade to trade. Some hacks are

Stoploss can be trailed using moving averages in trending markets. 8/20 ema or any other.

In a sideways market one can exit when the target hits. They can also close 50% at the set
target then trail the remaining quantity.

Can be trailed from one higher low to another higher low in case of long trades & one lower
high to another lower high in case of short trades.
12 INTRADAY STRATEGIES
5 MIN TIMEFRAME
long entry patterns Intraday
strategy 1
based on gap up / gap down
Gap up bullish

Here the price gaps up and makes a pullback and breaks days high. Entry after candle close
above days high and consolidation.

Tahis pattern is also can be identified as "N" pattern


Gap up bullish - Example
Points to consider
1. Once the day high is broken and if there is a strong resistance just after the breakout then better not to take the trade
and wait for that level to get broken.
2. Works well if the opening candle gets support from any good support level like CPR, PDH etc.

Logic & psychology


Gap up bullish candle indicates the strength of bulls but there is no confirmation as to if bulls can continue the rally or
reverse. So we wait for a pullback to happen to check if sellers can take down the market. After a pullback again if the bulls
try to continue the rally it indicates bullish strength over bears. So after the confirmation candle above days high we can try
to take a long trade by having SL below previous swiing low
long entry patterns Intraday
strategy 2
based on gap up / gap down
Gap down bullish

Yesterday's close

Here the price will do a gap down opening and makes a pullback and breaks yesterday's
close. Entry after candle close above yesterday's close and consolidation.

Tahis pattern is also can be identified as "N" pattern


When there is much gap b/w open price and previous day close and if we observe the gap down bullish, we can go long after
the N pattern formation and breakout with SL below the pullback.
Points to consider
1. After the pullback and breakout, if there is strong resistance just above the entry, the better wait till that resistance is broken.
2. A strong bullish opening candle indicates high probability like bullish Pinbar, momentum candle etc.

Logic & psychology


This is a gap covering pattern and when we see a gap down with opening bull candles then it is an indication that the price
doesn't want to go down just because of a Gap down. and after the pullback and continuation, we can confirm that sellers
are not in panic and wants to take down the market which will increase the strength of bulls.
long entry patterns Intraday
strategy 3
based on gap up / gap down
bullish base violation

Yesterday's close

Here the price gaps up and makes a bearish candle and makes a reversal before breaking
yesterday close and breaks days high. Entry after candle close above days high and
consolidation.
Bullish Base Violation - Example
Points to consider
1. This can sometimes look like Gap Up Bearish, However for it to become Gapup Bearish the pullback should be clear, If
now we need to see if it can become Bullish base violation.
2. If the price got reversed at any important key level then its more probable.

Logic & psychology


After Gap up, if the profit booking happens, then we can see bearish candles, and looking at bearish candles, many
traders take a short position with an SL above the opening candle, and if the price reverse after the profit booking and
breaks day high then we can expect up move due to SL hit of traders who shorted.
short entry patterns Intraday
strategy 4
based on gap up / gap down
Gap down bearish

Yesterday's close

Here the price gaps down and makes a pullback and breaks days low. Entry after candle close
below days low and consolidation.

Tahis pattern is also can be identified as "Reverse N" pattern


Gapdown Bearish - Example
Points to consider
1. If the market is in a rally for few days and a gap down happens then this pattern can be highly probable because there
can be SL hits and also the closure of long positions as many will be in fear when markets are rallying and a small
correction also can result into panic

Logic & psychology


The gap down generally indicates some negative sentiment in the market and generally bear markets are faster than the
bull markets, so if the fear turns into panic, which can be observed from selling pressure and weak bull candles then we
can consider this kind of pattern.
short entry patterns Intraday
strategy 5
based on gap up / gap down
Gap up bearish

Yesterday's close

Here the price gaps up and reverses to break days low. Entry after candle close below
yesterday close and consolidation.

Tahis pattern is also can be identified as "Reverse N" pattern


Gapup Bearish - Example
Points to consider
1. If the market is in a rally for few days and a gap up happens with bear candles then it is most likely a profit booking
and if it gets rejected from any key level of resistance then it's highly probable that It can come down.
2. It's a gap covering pattern and most of the time it can fill the gap.
3. Look for bearish candle confirmations like Bearish pin Bar and bearish momentum candles.

Logic & psychology


Markets generally do not like gaps, it will try to fill the gaps quickly especially gap ups. Profit booking at once can also be a
reason for this pattern.
short entry patterns Intraday
strategy 6
based on gap up / gap down
bearish base violation

Yesterday's close

Here the price gaps up with a bullish candle but could not sustain the momentum and violates
that in the next few candles and breaks yesterday close and days open. Entry after candle
close below yesterday's low and today's open.
When there is much gap b/w open price and previous day close and if we observe the base violation break bearish candle close
below days opening then also we can try to apply this base violation strategy by entering after the candle close below days
opening candle and SL above days high.
Points to consider
1. After the opening bullish candle, if there is any resistance above it and this patterns forms then it's highly probable.
2. Can give good move if there is no immediate support just below the opening candle

Logic & psychology


On seeing the bullish candle and gap up, many retail traders will take long positions by keeping the SL below the entry
candle and once it reverses from the top and breaks the entry candle, all the stop loss orders of buyers will get triggered
and downfall can happen.
bull / bearish entry pattern Intraday
strategy 7
virgin cpr reversl pattern

Virgin CPR is most powerful, However, since


reversal trades are against the trend you
should have a good confirmation before
taking up the trades. Look for strong
rejection candles with long bottom or top
wick respectively, followed by momentum or
engulfing candle.

These trades can be taken with a small stop


loss below / above entry candles or even
another side of Virgin CPR if it is near

Targets can be nearest support/resistance or


1:2 or more.
Reference

Long wick rejections followed by bull candles


Intraday
bull / bearish entry pattern strategy 8
CPR continuation break

Whenever price open above CPR / Below


CPR but reverses and try to break the CPR
and finally breaks it with a good momentum
candle, then long/ short entry can be taken

Stoploss should be another side of the CPR, it


is too wide then above it can be kept above
middle CPR

Target can be next support level / 1:2 or


more. Use trailing SL method in trending
markets
Intraday
bull / bearish entry pattern strategy 9
Institutinal zones continuation
Generally, the Institutional zones
continuation pattern is high probable as it a
trend continuation pattern
If it is combined with any other important
level break like PDH in this case, it is even
better.

Highly probable when gets constant 8 EMA or


20 EMA support

Keep SL below / above Zones or


Entry candle

Target can be till next resistance zone / 1:2 or


more. Use trailing SL method in trending
markets

Better to wait for retest / pullback


avoid false Breakout at zones
Intraday
bull / bearish entry pattern strategy 10
Institutinal zones false Bo revesal

Institutional zones breakouts generally work


most of the time. however if by chance it
gives a false BO then wait for the price to
break the zone in the opposite direction and
it should also break the swing high or low
just before the original breakout

Keep SL below / above Zones or


Entry candle

Target can be till next resistance zone / 1:2


or more
Reference
Intraday
strategy 11
Intraday EMA crossover

1. Bullish candle has to break 50 SMA in case of


long trades, Barish candles has to break 50 SMA
in case of short trades.

2. Both 8 and 20 EMA has to cross the 50 SMA

3. The continuiation candle has to break the


previous high (in case of long trades), previous
low ( in case of short trades)
avoid low probable crossovers
Intraday
strategy 12
20 EMA fake crossover

Works in moderate trending market with big


pull backs
Price must first show some trending pattern
Price must make fake cross of 20 EMA and a
full continuation candle (Including wick) must
close above / below 20 EMA
Entry candle must not be a DOJI or opposite
colour candle
For long entries its preferred to look for
entries when this strategy triggers above
PDH
For Short Entries its preferred to look for
entries when this strategy triggers below PDL
Stoploss will be above or below 20 EMA with
some buffer points
Wait for complete 5 min candle Even the wick cross also can be considered
WHEN TO AVOID TRADES
When to better avoid taking any tardes

When the 3 moving averages are in sideways or overlapping with each other
When to better avoid taking any tardes

When the market is struck inside the CPR


When to better avoid taking any tardes

In Volatile Situations - When the Day high and Day Low Range is
not broken for longtime.
STOCK SELECTION METHODS
based on instituional zones break
Only for I nt r ad ay - d uring l i ve mark e t

Check the stocks which are breaking zones before 11 AM


Filterout stocks which up / down by 1.5% to 3%
Check if its getting constant support from 8 / 20 Ema
Check for porper breakout and continuation
Do higher timeframe analysis
Select those stocks
You may use Zones alert system around 10 AM to 11 AM to find these
Sector Analysis
Only for I nt r ad ay - d uring l i ve mark e t

Check the sectors Indices which are showing bullish movement / bearish movement.
You can apply the Intraday Strategies to findout
Pick the Indices which are up / down by 0.8 to 1% or more
Select stocks from the best performing sectors and apply the intraday strategies
Will share the Indices and Sector watchlists
based on Long Build Up etc
Only for I nt r ad ay - d uring l i ve mark e t

Long build up
It means people are taking long positions assuming the price will go up. This is made by the increase in Futures
OI and increase in Futures Price

short build up
It means people are taking short positions assuming the price will go down. This is made by the increase in
Futures OI and fall in Futures Price

https://trendlyne.com/futures-options/futures/long-build-up/
Active Stocks based on Futures
Only for I nt r ad ay - d uring l i ve mark e t

https://trendlyne.com/futures-options/dashboard/futures/
Active Stocks based on Options
Only for I nt r ad ay - d uring l i ve mark e t

https://trendlyne.com/futures-options/dashboard/options/
SCALPING TECHNIQUES
openi ng 1 mi nute candle strategy

points to consider
You can apply this strategy only if the 1st two one minute candle range has been broken by either the 3rd /
4th / 5th one minute candle.
Opening candle (1st) should not close inside CPR
Entry candle body should be more than the wick
SL will be below or above the entry candle ( having a little buffer is suggested)
Target is 1:1
Not to take a trade when there is support or resistance very near to the entry candle where 1:1 is not
possible.
Apply this only in Nifty / Bank Nifty
Very careful about Risk Management
Max 1 trade possibility per day
Do note that it's risky and beginners can completely avoid it.
It needs superfast execution and calculation.
This opportunity is not so frequent
bank Nifty - 1 min tf bank Nifty - 1 min tf
Nifty - 1 min tf Nifty - 1 min tf

no trade opportunity no trade opportunity


I nsti tuti onal Zones 1 mi nute candle
strategy
points to consider

You can apply this when the 1 min candle touches either institutional support or resistance zone for the
first time in a day and either of the next 2 candles has to engulf the candle which touched the zone.
Look for Bearish engulfing when price touch inst. resistance zone and bullish engulfing candle when
price touch inst. support zone.
It will be sufficient if it engulfs the body of the candle
Entry candle should not touch CPR
The candle which touches the zone should not break the zone.
Risk Reward is 1:1
Need to be quick & focused in identifying and executing the executing the orders, beginners can avoid
Very careful about Risk Management
Can be applied in F&O stocks, Nifty & BN
Bajaj finance - 1 min tf hdfc bank - 1 min tf
sbin - 1 min tf Asian paints - 1 min tf

even if there is bearish engulfing


candle, there is no trading
opportunity as previous candle
broke the zone
nifty - 1 min tf nifty - 1 min tf
REPLICATING SPOT CHART SL
TO OPTIONS CHART
Keeping Stoploss in Options - For scalping and Intraday:
Let's say you have identified a short opportunity (PE) in Nifty after Zones fake BO reversal at 11:15. Decide the Enter PE. Now
calculate the stoploss and target in Sport chart. Then replicate the same in the Options chart to find out the SL level to place
SL order. This works only in scalping and Intraday (not near expiry). Use ATM strike for this.

Spot Chart
Keeping Stoploss in Options - For scalping and Intraday:
Open up the respective PE chart and replicate the stop loss strategy that you have followed in Spot chart.

Options Chart for the respective strike

11:15 entry candle

Stoploss
STRIKE SELECTION &
OI DATA ANALYSIS ON EXPIRY DAY
You can always prefer ATM strikes for Intraday options trading.
You can also choose 1 leg ITM when going long to counter the Vega effect
Option chain data
Finding Support & Resistance based on Open Interest - mainly on expiry days

High open interest in the OTM call option is considered as a Resistance level.
Because there is a huge stake involved by call option sellers, it means that particular level breaks the
option sellers will lose money, so they try to keep the price below the resistance for most of the time.

High open interest in the OTM put option is considered as a Support level.
Because there is a huge stake involved by sell put option sellers, it means, that particular level breaks the
put option sellers will lose money, so they try to keep the price above the support for most of the time.
INDEX COMPARISIONS
Bank Nifty
Nifty
BASIC RISK MANAGEMENT DISCUSSION
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q&A Session
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