There are no items in your cart
Add More
Add More
Item Details | Price |
---|
The 9.20 strategy is a popular trading approach, especially among intraday traders. However, its effectiveness largely depends on understanding key market indicators like pivot points, supply and demand zones, and support and resistance levels.
I will break down where and when the 9.20 strategy works, how to identify potential problems, and the importance of using technical indicators like the Central Pivot Range (CPR) to maximize profits.
The 9.20 strategy revolves around making trading decisions based on the price movement during the initial 5-minute candle of the trading day. Here’s how it works:
First Step: Identify the 5-minute candle on your chart. If the price breaks above the high of this candle, it's an indication to enter the trade and book a profit. However, this strategy doesn't work in isolation. You need to consider other crucial market factors.
Pivot points and supply zones play a significant role in determining the success of the 9.20 strategy:
Support and resistance levels, especially those identified through pivot points and the Central Pivot Range (CPR), can also impact the effectiveness of the 9.20 strategy:
The 9.20 strategy can be a powerful tool for intraday traders, but its success hinges on understanding market conditions. By considering supply and demand zones, pivot points, and support and resistance levels, you can make informed decisions on when to book profits or hold back. Always trade with a clear strategy in mind, and never ignore the importance of technical indicators.
Exclusive savings on the Intraday Trading Mastery Package! Use the coupon code GANESHA at checkout to avail a special discount. Don’t miss this opportunity to enhance your trading skills with this comprehensive course. Visit Intraday Trading Mastery Package and join now!
Anil Hanegave
Trader|Mentor|Author