Intraday trading stratergy

The strategy I am going to discuss is an Intraday trading strategy for  stocks. In this strategy we trade only in F&O stocks.
For this strategy you need trading view chart.
The  indicator we use in this stratergy is JFTindicator.This was developed by Mr Rajan. His you tube channel is madras trader          .https://www.youtube.com/watch?v=JVA1ec9R1Ac




Above is a chart of Ujivan on 7th july  with  JFT zone which resulted in amassive positive return

JFT zone :
Two narrow lines  in the upper side marked in red colour
Two narrow lines in the downside  marked in green colour


How to trade with this  strategy?

• Use 5mts chart
• After market opens wait for first 5 minutes
• When the first candle is formed in 5 mts chart measure the opening point of the candle with  JFT zone 
• Short list those stocks with a measurement less than 1% ( if not found up to 1.2 levels)
• Select those stocks whose JFT zones witdh is less than 0.5%(if not fond p to 0.54)
• Width of the JFT zone and distance between the first 5 minute candle to the lower/upper part of JFT zone is most important in this strategy
• For all calculations always use 5mts candle especially for measuring the width
• Select those stock which has a strong bull body candle for long( at least 70% should be body relative to wick) and viceversa for short
• Select those stocks whose  opening candle does not penetrate  the JFT zone or just touch lower/upper part of JFT zone.
• For long position the ideal candidate is first candle bullish, second candle bullish with higher low,third candle bullish with higher low,
• And vice versa for short
• Enter position when price breaks the upper end  of JFT zone.
• Exit position when price close below 50ema  or by 3:15 .If needed sl shold be given below the open candle low.

The above chart is the ideal candidate  for long.

And below chart is the ideal candidate for short