There is a lot of noise when one tries to trade Intraday, how do you make your way through this noise just to get that one right entry and ofcourse the right exit. Trading intraday is a challenge but then what in life isnt??We consider that all prices move in waves, this valid to all Time-Frames we will just apply it on the lower time frames.Trade with the current Trend & by the current trend I dont mean the monthy or weekly trend but coz we are focussed on trading Intraday we are concerned about the daily trend. Let say we are working on the 5min TF, then we are concerned about the 30min Trend. If the 30-min TF is bullish we go only long and if the 30min TF is bearish we take only short enteries and if it is in sideways we either trade the extremes are wait on the side-lines.Identifying the trend is not to easy. Trendlines are very handy, a very simple Can be used for lower risk entries and determining stop loss strategy. Focus on trading with the dominant trend of the day. When that trend shifts, begin trading with the new trend.Follow the news. See if there are any major news coming around and follow it. News can drastically change the direction of the trend are give huge moves …
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