Stock Indices Day Trading Strategy
5 Minute Day Trading Strategy PDF
Day Traders
This group of stock indices day trader holds on to their stock indices trades for a few hours but not more than a day. With the objective of making quite a number of pips, 30 - 100 pips.
Day indices trader trading 15 minute indices chart timeframe wants to go long, checks 1 hour indices chart timeframe, which looks like the one below, since 1 hour indices chart timeframe shows market indices trend is going up, then decides from this chart technical analysis it's okay to buy.
5 Minute Day Trading Strategy PDF - 15 Minute Day Trading Strategy - Indices Trading 15 Min Day Trading Strategy
Indices Trading day trader traders using technical analysis use stock indices charts to try and attempt to predict the movement of stock indices price on the stock indices charts.
Indices Trading Day traders will sometimes use two or more indices chart timeframes so as to determine the long term indices trend and the short term indices trend.
How to Define A Indices Price Indices Trend for Day Trading
Using a stock indices trading system that has 3 indicators - Moving Average Crossover System, RSI and MACD and using simple rules to define the indices trend. The trading rules are:
Upward Indices Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downward Indices Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple indices charts time frames analysis equals using 2 chart timeframes to trade stock indices trading - a shorter indices chart timeframe used for trading and a longer chart timeframe to check the indices trend - the chart timeframes that you choose for trading stock indices price action with will depend on the type of trader you are: for day traders the chart timeframes used for trading will be an example of 15 minute indices chart timeframe and 1 hour indices chart timeframe.
Since it is always good to follow the indices trend when stock indices Day Trading, in Multiple Chart Time Frame Analysis, the longer 1 hour indices chart timeframe gives us the direction of the long-term indices trend when Day trading using the 15 Minute Indices Chart Time Frame.