Intraday trading

U

ume68

Member
#1
#1
Dear Senior members,

Pls enlighten me which technical indicators to follow for the trendless markets these days for intraday trading.

Regards:)
 
M

makarand.mone

Member
#2
#2
ume68 said:
Dear Senior members,

Pls enlighten me which technical indicators to follow for the trendless markets these days for intraday trading.

Regards:)
Click to expand...
Dear ume68

I believe that intraday trading can only become profitable if you trade with the main trend

That's why it is said that you should "See the Big Pictuer"

First of all, you need to realize that our markets are not trendless. They have just fallen from all time highs and are now giving retracement rallies...

Yet, for intraday trading, i would suggest you use pattern recognition methods (I follow H&S especially) and trade with the three day trend direction. If you find a reversal against you trade, make sure you cut your losses early within range of 15 points. That would help you

Regards
Max
 
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