i have found this intraday trading method in a book and found it useful.
in the method stochastic oscillator is used.
The rules for buying is that the share MUST not have made a new low for the day but the oscillator has made a new low.
The stop will be below the low of the day.
Just the reverse for shorting.
see the chart attached.
in the method stochastic oscillator is used.
The rules for buying is that the share MUST not have made a new low for the day but the oscillator has made a new low.
The stop will be below the low of the day.
Just the reverse for shorting.
see the chart attached.