OHL Strategy: This is one of the most popular and simplest Intraday Trading Strategy being followed by traders all over the world. And it does work in Indian Stock & Commodities Market too. OHL Intraday Trading Strategy is simply based on momentum when the trading session starts. It just picks up on the momentum and sees whether the bulls are in control or the bears and suggests to take trade in the same direction of control.
- Buy/Long if first 15 minutes candle has OPEN = LOW
- Sell/Short if first 15 minutes candle has OPEN = HIGH