What are a few intraday trading strategies using the previous day’s top gainers and top losers?

I’m sure you’ll get many great answers but why depend on the previous day’s trade, when anything can go wrong in today’s market?

I sure think intraday trading on the previous day’s levels is a bit odd for me!

I’ll give you a simple straightforward and almost easiest strategy, which I’ve tested to be an 80+ % day trading strategy.

This is a pure price action play and has no indicators and I’ve tested only on futures, you may test on stocks and options, which I’ve not.

The strategy goes like this:

1. Draw Fibonacci retracement from 9:15 to 11, between the highest to the lowest or vice versa which ever occurs first.
2. the candle has to pierce through 0 or 1 levels of Fib retracement.
3. Next candle has to close above 1 or below 0 levels of Fib Retracement.
4. On the next candle, you’ll buy or sell the futures if it goes above or below.
5. The target is 1.382 or 0.382 levels.
6. the stop loss is 3 points below the consolidation level in case of a buy, in case of a sell, 3 points above the consolidation zone.
7. For ex.) I’ve considered Nifty Futures, look at the profit on this trade.
8. But this strategy you’ve to wait and will work only in trending market not in a sideways market.