Hi i am a daily trader, i do intraday trading in the stock market.
- Todays may profit was 10000+7000+5000=22000 in todays market,i tradaied three companys 1)INFRATEL 2)DLF 3)ITC .this companys i have tradaied to day the market was in in the uptrend,in stockmarket the "the trend is the friend" so the first strarergy must follow
THE STRATERGY'S TODAY I FOLLOW IN INTRADAY TRADING
1)First find the trend ?wether the trend isupside or downside.
how to know the trend is updise or downside it is simple you can find the trend by drawing the trend line,the trend line must touch atleast 2-three peaks of price.you will draw the lines based on the current market price if you want to find the down trend draw the line upside fo the chart.
if you want to find the down trend draw the line down side of the chart.
2) support and the resistance level
the support and resistance level are most improtant stratergeys.
3)identfied candelistick patterns
4)"history will repeat it self" see the last day chart once.
5)follwo the indicator indicatiaion.
I use the moving average indicator
combination of movingaverage exponatial
- for intraday trading the combnation is [9 and21]
- for swing trading the combination is [25 and 50]
- for traing months the combinationis [50and 100]
- for long term trading thecombinationis [100 and 200]
how to know the indicator is giving the indication?
the are the srtatergy that are in my check list and i followed this stratergey that i followed today and make profit in stock market
we also have a new youtube channel i we do live trading in that channel and tell the tips so subscribe to my channel:BHOOM PLAY
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