Day trading strategy

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Old 17th February 2006, 12:14 AM
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Join Date: Jul 2004
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tanewbie is on a distinguished road
Default Day trading strategy



Though I dont o much day trading sometimes we may be lcuky to spot such an opportunity.
one such strategy is:
look for a bollinger squeeze in 1 or 3 min charts. have a 50ema and 200ema plotted onit. and have macd too. Thats all u can add in Speedtrade and other trading s/w
Squeeze will point out that a break out will be soon. emas/macd can provide u the direction of the breakout. now stop loss shd be max 2 rs fr entry.

enclosing charts of BOI/HLL for the day in 3mins mode.

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File Type: png BOI 3 mins.PNG (18.9 KB, 79 views)
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