Always trade using 5 mins Time frame of chart.
For Buy entry always buy 1 point above the candle closing price & SL would be previous candle low or 30 points.
For Sell Entry Always Sell 1 point below the candle opening price & SL would be previous candle high or 30 points.
Do not take trades using 3 mins Time frame, as there is lot of noise. It works best with 5...
One of the greatest technical analyst the world has seen, was The Legendary William Delbert Gann. He had simple, creative principles based on astronomical computations. Although he wasn't an intraday trader, his theories produced outcomes that are just as impressive as delivery trading.
On the basis of his approach, I have created an indicator based on intraday...
TWT_MAGIC_MCX is designed to trade the MCX commodities for overnight positions.
The logic behind this is to calculate the closing price based on today's price action and come up with suggestion at end of the closing to BUY or SELL for Next Day.
How to Trade::
if on a 5 Minute Chart, the GREEN arrow appears at 23:25 Candlestick then Enter BUY...