Tips - Strategy Intraday Trading

[kakpay]

I am confused about CLOSE PRICE and PREVIOUS CLOSE. I was looking at Reliance Industries. If today is 27th June, can you please explain these figs by taking values from archives of NSE? Pl do this favour. Pl work out your entire strategy mentioned. I am not testing you and your strategy but trying to understand reference points

[konim]

. Patience, waiting time for correction
:: Trendline will help to show how the market moves in waves. Trendline will be roughly the price of the wave guide where to begin and end.
:: When looking to create open BUY position, wait for when prices go down close to the trendline, and vice versa. With patience, we automatically reduce our risk for loss.

[umairsaleem]

Creating a favorable purchase or sale transactions in intraday not as easy as it seemsIntraday trading is as risky trade within the trend of the market in general or a particular stock is not perfectly predicted for a single day is known. . The movement of the stock may be the opposite, regardless of whether the general trend of the market has a positive effect on your expectations.

[saim]

it is right thing for a trader and he should not be trusted only one indicators he must be tried the new one and found the best for this aim the demo account is best and when we were found a good indicator with the practice we can use it in our real account

[FREEDOM]

For intraday, i think it is better to setup a target not more than 50 pips because market is very volatile and after hit the target then come back again tomorrow. Don't push ourself to make an over trade, otherwise our winning will turn to losing.

[farooq]

depends on only one trader is not to enough its also risky for us because we can not confirm the market signals so thats why we should use these indicators with the combination of the indicators and this is the strategy

[ishvara]

intraday trading should be done at the same time each day to prevent the things we do not want, to perform at the same time each day, we will know clearly the difference in every day.

Intraday can be applied by a forex trader at any time of the day. The most important rule in intraday trading is that all trades must still be closed that same day. It is a highly successful strategy for the traders that know how to use it.

[truegoa]

trading along the trend is really profitable but we should not jump seeing prices moving in uptrend or prices falling in downtrend. We should wait for retracement for proper entry. A little knowledge of price action is really helpful to determine strength of trend .

Just for personal advise, I think we should not use retracement as our key of entering the market when market in clear trending. We should take safer way using "direction" once after a retracement hit its new support/resistant. But, if we want to get more profit, reversal will be better idea for us. Just remain your self not to be too hurry to take any action when you see a reversal signal, especially before you see at leas 2 or 3 confirmation signal.

[alimartono]

intraday trading should be done at the same time each day to prevent the things we do not want, to perform at the same time each day, we will know clearly the difference in every day.

[manish]

intraday trading is not risky at all, you have small stop loss most of time and by the end of the day you close all your positions, this is better than swing trading that you have to leave your positions open for long time with the changed market conditions