Intraday trader
Swing trader
Positional trader
Traders who prefer to trade on daily basis (intraday trade) must look for the trend on Hourly chart and take their entry positions on 15 minute time frame. Entries can be timed by using momentum indicators in the direction of trend.
For swing trading, traders must watch daily chart for trend and time their entries on 4 hour chart also 1 hour chart can be used to get a better entry point. Even I am a swing trader and I use slow stochastic indicator to taking entries.
Positional traders look for trend on weekly chart and then take your entries based on daily chart, also positional traders can move to 4hour for much better bargain entry. Trader can use free realtime datafeeder for getting live nifty and stocks data to amibroker. Look at the below cheat sheet:
No comments:
Post a Comment