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    Dhiman Kakati
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    This document provides a strategy for day trading using technical indicators like RSI and Ichimoku cloud. It recommends using 5-minute RSI to identify support and resistance levels, and 1-minute RSI to time entries. The trader should determine the market trend, select call or put options accordingly, check risk-reward ratios above 1:3, and use 5-minute charts to place stop losses and targets relative to support and resistance. Limit orders, spreadsheet tracking, and maximizing profits are also advised.

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    for option traders

    Original Title

    trading strategy

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    This document provides a strategy for day trading using technical indicators like RSI and Ichimoku cloud. It recommends using 5-minute RSI to identify support and resistance levels, and 1-minute RSI to time entries. The trader should determine the market trend, select call or put options accordingly, check risk-reward ratios above 1:3, and use 5-minute charts to place stop losses and targets relative to support and resistance. Limit orders, spreadsheet tracking, and maximizing profits are also advised.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    19 views1 page

    Trading Strategy

    Uploaded by

    Dhiman Kakati
    This document provides a strategy for day trading using technical indicators like RSI and Ichimoku cloud. It recommends using 5-minute RSI to identify support and resistance levels, and 1-minute RSI to time entries. The trader should determine the market trend, select call or put options accordingly, check risk-reward ratios above 1:3, and use 5-minute charts to place stop losses and targets relative to support and resistance. Limit orders, spreadsheet tracking, and maximizing profits are also advised.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    5 min RSI to find out support and resistance

    (Bull and bear indicator)

    1 min RSI to make the proper buy order


    (Bull and bear indicator)

    Decide market trend

    Call Call / Put Put


    (order)

    Find out support level Find out resistance level

    Risk to reward ratio Risk to reward ratio


    (> 1:3) (> 1:3)

    Graph above ichimoku cloud ? Graph below ichimoku cloud ?

    Stop-loss below support and Stop-loss above resistance and


    target just below resistance in the target just above support in the 5
    5 min chart min chart

    Always place limit order

    Maintain excel chart

    Maximize Profit : Loss

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