Registered: Oct 2007
08-19-12 11:29 AM
I want to learn other intraday set ups , if anyone is willing to post.
15 m trendline/supply line; If a trendline is formed on 15 min charts and 1 min charts , look for price action set up in direction of trend line .
If a trendline is formed on 15 min charts and 1 min charts , look for price action retracement set up in direction of trend line
Look for trades in direction of lwma 18 on 15 minutes
Look for a stochastic cross on 15 min to confirm market entry (see image)
Always place buy stop and sell stops below key support and resistance levels , even if indicators do not show early indications.They will show indications at those levels.
Stop loss 12/20
Target 1 18 pips / target 2 run your profits until up move is over
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