This setup I have taken from the internet means I have not paid anyone for this and I tested and then modified it according to my personality and preferences related to timeframes and different indicators from which I get good results. And also risk management and position sizing is an important aspect too.
You can test and modify according to your personality that is why the time frame and indicator selections are up to since I will not enforce anything on you by saying that this will work or not work or it is a very profitable set-up.
My Intraday Trading Setup:-
For Long:- Above VWAP, Range breakout(S&R)-Previous day High & Low, EMA Cross(9/10,18/20) & Supertrend. Previous candle high should be broken then Enter.
For Short:- Below VWAP, Range breakout(S&R)-Previous day High & Low, EMA Cross(9/10,18/20) & Supertrend. Previous candle low should be broken then Enter.
For Entry:- Look for 1/3/5 min TF and for TSL look for 3/10/15 min TF.{In multiples of X 2/3/4/5}
Trailing SL:- EMA 9/10 - EMA 18/20 - VWAP
Long SL:- If the previous candle low is broken.
Short SL:- If the previous candle high is broken.
I mostly do a scalp trade and can be extended up to 5m-15m-30m-1h-4h-Whole day depend upon the price direction and by following the trailing stop-loss.
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