Previous Day High/Low Scalping Strategy

Scalping strategy using Previous Day High/Low levels on Nifty Futures, Crypto, Gold, and Forex. Uses 15-min and 5-min candles for entries.

Published · Updated · Methodology: Price Action

Part of: Scalping

  • Methodology: Price Action
  • Content type: strategy
  • Timeframes: 1 Day, 15 Minute, 5 Minute
  • Markets: Nifty Futures, Crypto, Gold, Forex, Stocks (implied)

Source video

Decoded from: This Simple Scalping Strategy Makes Me Over ₹10L/Month by Trading With Sidhant — watch the original

Key timestamps:

  • 0:30 - Strategy applicability
  • 1:00 - Marking PDH/PDL on daily chart
  • 2:00 - Concept of market aggression at PDH/PDL
  • 5:00 - Switching to 15-minute chart and trade timing
  • 6:00 - 15-minute candle close confirmation
  • 7:00 - Shifting to 5-minute chart for entry
  • 7:30 - Entry conditions: Hammer or Bullish Engulfing
  • 9:00 - Stop loss and target setting
  • 9:30 - Partial profit booking and trailing SL

Strategy overview

Scalping is short-horizon intraday trading that takes small, frequent moves rather than holding for the session's full range. What distinguishes this version is where it takes its bearings: not from an indicator and not from the current session, but from yesterday. The previous day's high and low (PDH/PDL) are already fixed before the market opens — they require no calculation, no lag and no parameter choice, and every participant looking at a daily chart sees the same two lines. That makes them one of the few reference levels in intraday trading that are genuinely pre-known rather than discovered as the day unfolds.

The structure the source video walks through is a top-down one: the levels are established on the daily chart, context and timing are read on the 15-minute chart, and the actual execution is handled on the 5-minute chart. That descent through three timeframes is the real architecture here — the daily chart decides *where*, the intermediate timeframe decides *when it counts*, and the fastest chart decides *how* to get in. The video's stated focus at those levels is behavioural: what the reaction looks like when price arrives at a line everyone is watching, since the same visibility that makes PDH/PDL useful also makes them an obvious place for moves to fail.

This entry decodes "This Simple Scalping Strategy Makes Me Over ₹10L/Month" from the channel Trading With Sidhant, framed for an Indian retail audience — ₹10L is roughly one million rupees, and the figure is the creator's own claim about their own trading, not a verified or transferable result; capital, instrument, brokerage and slippage all change the arithmetic. No formal rule set was extracted from this video, so this page covers the concept and the source's approach rather than a rule-by-rule reconstruction. If you want to work with the idea, the honest starting point is defining for yourself what counts as a valid reaction at the level — that judgement is where most of the variance in a PDH/PDL scalp lives.

Topics

scalping strategy · previous day high low · price action · nifty futures trading strategy · crypto scalping · forex strategy · gold trading · 15 minute strategy · 5 minute strategy · trading strategy · pine script · tradingview strategy · day trading strategy

Frequently asked questions

What is a previous day high/low (PDH/PDL) scalping strategy?

It is an intraday approach that uses yesterday's session high and low as the day's key reference levels, and looks for short-horizon trades around how price behaves when it reaches or breaks them. The levels are marked before the session starts rather than derived from an indicator.

Why do traders use the previous day's high and low as reference levels?

Because they are objective, lag-free and widely watched: they are fixed the moment the prior session closes, need no settings, and are visible to everyone on a daily chart. That shared visibility is also the catch — obvious levels attract both continuation and failed moves, which is why the reaction at the level matters more than the level itself.

Why does this setup use three different timeframes?

It works top-down: the daily chart is used to mark the previous day's high and low, an intermediate 15-minute chart is used to read context and timing, and a 5-minute chart is used for execution. Each timeframe answers a different question — where, when, and how — rather than all three being used to generate signals.

Does the ₹10L/month figure in the video title mean the strategy will produce that?

No. That figure is the creator's own claim about their own results, stated in a video title, and it depends on their capital, market, costs and execution. Treat it as marketing context, not as an expectation. Strategy Decoder catalogues strategies like this one from their video sources so you can examine the concept and test it on historical data yourself before risking capital.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

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