Rules for great intraday set ups. On one minute charts look for trend lines to be established , by joining two upsloping points for trend lines for long entry or two down sloping points for down trend short entry .At the third touch of trend line ,enter longs on up sloping trend line or enter short on down sloping trend line. Stop loss 12 pips , target 8 pips ,pair eur/usd. http://www.investopedia.com/article...r-picking-day-trade-entries.asp#axzz29ieow6VL Exit when trend lines are broken , re-enter if stop hit and trend line still intact.
What Are Trend Lines Trend lines are Support and Resistance lines. Unlike traditional Support and Resistance levels which are horizontal, trend lines are sloped - Rising or Falling. http://www.chartsecret.com/content/identifying-and-trading-trend-lines http://www.learn-stock-options-trading.com/trendlines.html Exit at resistance lines.
oily add rsi if you want to use stochastics, and then only trade the turns and sit on you hands for the middle,you wont trade often but you won't lose much , click on stock tiger .net and listen as he explains how it works for him,every day...and stop acting as if you know anything, you are only getting in your own way,the more you learn, you will find out the less you know, and this increases forever,for everyone, not a personal attack http://stockcharts.com/public/1094617/tenpp/1
I'd like to learn how you trade the "Big Kahuna" with the "3 sisters entry". Also who taught you that?.
From what I'm told, it's all about supply and demand. If you're buying long, look for a demand zone that has already retraced, but always, always, ALWAYS make your final decision on a 5 minute or 3 minute chart (if you're day trading.)