HUNTER

By
Number7
 Introduction

• Suitable for Intraday trading. For Nifty and BankNifty futures. Accuracy is high
for BankNifty futures.
• Applicable to day trading.
• In a day trading, top and bottom in a particular segment happens near an
important key level ( monthly low-high/weekly low-high/ previous day’s
high/low).
• Intraday low/high happens after a climax volume, meaning, with a relative high
volume compared to the prior candles. If smart money wants to turn the direction
of the current intraday rally (If we are going up from open), they will push the
price higher one more time (with volumes) then reversal happens by trapping late
buyers or breakout buyers.
• Hunter concept will help a trader to take the opposite direction of the rally. It has
a set of rules, one should follow the rules and trade based on that.
Rules
• Time Frame: 15mins chart
• First allow market to trade till 10:15am IST (it opens at 9:15am)
• When you have first 3-4 15mins Bars, then look for the candle which is high of the
day. In the picture below, 3rd candle made high of the day.

• After noticing the 3rd candle draw a Fibonacci tool,

From high to low for the 3rd candle ONLY.
• Fibonacci levels, focus on two levels; 61.8% & 38.2%
• Focus on the next candle, it should hit 61.8% level
And close below the 38.2% levels.
• When this happens it is a sell entry. Sell should be near the
61.8% or 38.2% of the HIGH CANDLE.
• StopLoss: high of the day.
• Target: VWAP and 61.8% level of the day’s range meaning
Draw Fibonacci from low to high of the day, you will get 61.8%
Example: For A Sell Trade
Key Note

• Don’t trade this setup during a TREND DAY. Probability is poor during trend days.
• Don’t trade this setup when it occurs near VWAP, setup should happen away from the VWAP,
at least 25-30 points away from the VWAP. Because in a intraday selling/buying near or at VWAP means
Taking trade in the middle of the intraday range.
• Focus on the setup only after 10am IST and before 2:15pm IST.
• Don’t consider the opening bar, if we trade inside the first bar for more than 60mins. It will be a flat day.
• Always focus on the Risk and Reward. If the stoploss is 30 points, then 1 st target (VWAP) should be atleast
30 points, and 61.8% (day’s range) will be atleast 60-70 points.
• Best time zones for the setup, 10:30am to 12:30pm IST. This is an important zone, where possible intraday
High/low happens.
• If the day’s range is less than 100 points, AVOIDE day trading (BNF Future Index)
• You can tag the pattern near a previous supply/demand areas, or near pivots. It will give a high
Probability setups.
• Always try to sell/buy near the close or open of the candle which made high or low of the day.
Incase of Sell trade: Look for the candle which made high, and try to sell near its close. Stop its high.
Incase of Buy trade: Look for the candle which made low, and try to buy near its open. Stop its low.
Thank You