📘 “Foundations of Intraday Trading: A Senior-Friendly Guide to Precision and Patience”

This page will serve as a living learning surface—ideal for beginners, especially seniors—where we blend your candle, VWAP, and MA expertise with structured insights. Here’s how we’ll organize it:

🧭 Section 1: Understanding the Terrain — What Is Intraday Trading?

• Definition: Buying and selling within the same trading day.
• Goal: Capture short-term price movements using technical setups.
• Why It Matters: For seniors, it offers controlled exposure and quick decision-making—if done with discipline.

📊 Section 2: The Core Tools — Candle, VWAP, and Moving Averages

🔹 Candlestick Patterns

• Bullish Engulfing: Strong reversal signal
• Hammer: Indicates potential bounce
• Doji: Signals indecision—avoid trading

🔹 VWAP (Volume Weighted Average Price)

• Acts as a magnet and equilibrium line
• Above VWAP: Bullish bias
• Below VWAP: Bearish bias

🔹 Moving Averages (MA)

• MA 9: Short-term momentum
• MA 21: Intraday trend
• MA 50: Deeper trend confirmation

🧠 Section 3: Entry Strategy — The VWAP Bounce Setup

📉 Section 4: When Not to Trade

• No clear candle near VWAP
• VWAP is flat or sloping down
• Price fails to close above MA 21
• Volume is weak or absent

✍️ Section 5: Case Study — “The Trade I Didn’t Take”

“Price hovered near VWAP. No strong candle. I waited. Price dipped to 25,650. I was not in the trade—and that was the trade.

In trading, silence is a signal. Absence of confirmation is confirmation to stay out.”

🧰 Section 6: Tools You Can Use

• TradingView (Premium): For real-time charts and multi-timeframe analysis
• ICICIdirect: For execution and option chain analysis
• Ashok Chronicles Templates: Annotated setups, SL calculators, and visual guides

🧭 Section 7: What’s Next?

• Add ROC or ATR overlays for dynamic SL planning
• Document 3–5 live setups with candle + VWAP logic
• Build a checklist for daily pre-market preparation