Hi friends
What you read here in this post is not aa pleasant thing-it is bitter facts of the market.
The discussion is about intraday trading
========================================
You can make money in the markets only if you can
find trend days.
you can retain profits only if you really know risk control
you can make profits only if you can enter at a critical low risk zone.
==========================================
Trend days occur roughly once in 22 trading days.
2 trend days in 50 trading days is realistic opinion.
step 1
Detect a trend day
step2
trade with trend on a trend day
step 3
cut risk to minimum if wrong.
step4
you can-you may- fail 21 times in a row.
If you can handle this many failures,then you are fit.
Due to lack of understanding,lack of practice, your wrong judgement or misfired attacks on market,if you cant survive these many failures,then you are declared unfit or disqualified.
step5
go ahead & trade if you are qualified.
if not repeat steps 1,2,3,4.
================================================== ====
HOW TO DETECT TREND DAYS?
Here are some
1.Breakout upwards or downwards from range or balance area(ORB)
2.After narrow range previous days(NR4 OR NR7 OR NR10 OR NR15)
3.Large opening gap
4.Typical one way up or one way down behaviour of price
5. Volume shows above average behaviour with pivot break
6. consistent high tick readings
7. high advance/decline numbers
KEEP A WATCH FROM THE DAYS OPEN AS YOUR REFERENCE.
Are you ready?
good luck
What you read here in this post is not aa pleasant thing-it is bitter facts of the market.
The discussion is about intraday trading
========================================
You can make money in the markets only if you can
find trend days.
you can retain profits only if you really know risk control
you can make profits only if you can enter at a critical low risk zone.
==========================================
Trend days occur roughly once in 22 trading days.
2 trend days in 50 trading days is realistic opinion.
step 1
Detect a trend day
step2
trade with trend on a trend day
step 3
cut risk to minimum if wrong.
step4
you can-you may- fail 21 times in a row.
If you can handle this many failures,then you are fit.
Due to lack of understanding,lack of practice, your wrong judgement or misfired attacks on market,if you cant survive these many failures,then you are declared unfit or disqualified.
step5
go ahead & trade if you are qualified.
if not repeat steps 1,2,3,4.
================================================== ====
HOW TO DETECT TREND DAYS?
Here are some
1.Breakout upwards or downwards from range or balance area(ORB)
2.After narrow range previous days(NR4 OR NR7 OR NR10 OR NR15)
3.Large opening gap
4.Typical one way up or one way down behaviour of price
5. Volume shows above average behaviour with pivot break
6. consistent high tick readings
7. high advance/decline numbers
KEEP A WATCH FROM THE DAYS OPEN AS YOUR REFERENCE.
Are you ready?
good luck