Intraday - Open Equals Low

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Scan Description: 1) Plot 15 chart 2) Plot high and low of first 15 minute candle Now switch to 5 minute candle (VWAP also on 5 minute) 3) Let the stock test below the VWAP and try to attempt first 15 minute low i.e. open low 4) If the stock takes support and U Turn from 15-minute low AND starts trading above VWAP 5) Short the stock when it crosses the VWAP upward after testing the lower band 6) Stop loss - Day open low or U Turn from where stock takes support above the 15 day low 7) Reward = 1.5 Negate = Trade is negated if at anytime the stock crosses the open low during the attempt in lower zone.

Intraday - Open Equals Low

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