Day Trading Setup

Discussion in 'Trading' started by sfunds, Jan 5, 2009.

  1. sfunds



    Can traders tell basic setup required for day trading

    1 mnt chart
    5 mnt chart
    15 mnt chart

    average Time period per trade

    signals to follow
  2. Day traders normally use 1 min or less to get in and out of stock quickly. Use candlesticks graph with volume indicators.
  3. MTE


    There is no basic setup, it's up to you to determine what you require. Some may have multiple charts up, while others may be trading with nothing more than level 2 or DOM, still others may be somewhere in between.
  4. candles and volume on 15, 5, and 1

    Index (DJIA, NAZ, S&P) candles and volume on 15 and 5

    Strong Daily s/r plotted on all for reference.

    T&S on occasion.