not once fx trading hours christmas but many times, the Index (Nifty Sensex) is going up but my stock is going down. In this instance, price action is suggesting that there are not enough buyers, even though the market has just had good news. Thats why I use these trading systems and I spend less than an hour each day updating and organising my trades. You can see that the market touches the key pivot levels regularly; pivot, R1, R2, S1 and S2 particularly. Now let us ask you very frankly.
The RSI concept of overbought and oversold is an attempt to measure the condition of the market during a particular time.
Opening Range Breakout Intraday.
Trading Strategy, trade Secrets Series Video 2 A2 Mercantile - Duration: 32:18.
Just recently, US non-farm payrolls came out worse than expected but the market barely budged. Now see the 2 Minute, intraday, nSE. Also Read: Intraday, trading, tips : Know How to Earn Profits. Looking back, the Nikkei did end up revisiting those lows but at the time of the disaster, there were fast profits available for intraday traders reacting to events. If it is going up than the opening price or previous day price, the stock is in uptrend, and if it is going down below the opening price or previous day price, then it is in downtrend. Buy after half an hour of market open. I dont do much day trading anymore as its incredibly difficult to find profitable intraday trading techniques. In another article, I look at pivot points in depth and I test these levels using historical data to see if a good trading system can be developed.