Monday, November 4, 2013

805.42 - Starting my day trading

Sick of lack of trades, and also inspired by some youtube videos on day tradings. I will start trying. Below are the steps I will undertake.
  1. Look for a range chart, rather than a trending one.
  2. Draw resistance/support using 1 hour charts.
  3. Once done drawing the lines, switch to 10 min chart.
  4. Observe Price Actions around the drawn lines.

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