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Gday Ron1n. My personal strategy of entering intra day, is to find a nice entry point from the daily then to look during the day at the 5 minute candlestick. I WILL NOT enter a new trade before 10:30 every day, and I never break this rule no matter what. If I was to go long, I only buy into a strong trend on the 5 minute, with minimal pull backs, and only enter if the buy side in the market depth is strongly supporting the stock. For shorting, vice versa.For example, I entered a short trade in (WDC) this morning at $20.25. Did so because Daily chart showing obvious weakness, especially the break below the 200 day EMA today. Then my trigger point was $20.25 which triggered earlier. Finally the sellers were very strong and the 5 minute was trending strongly down, so I jumped in. Its a matter of fine tuning everything I spose. Cheers.
Gday Ron1n. My personal strategy of entering intra day, is to find a nice entry point from the daily then to look during the day at the 5 minute candlestick. I WILL NOT enter a new trade before 10:30 every day, and I never break this rule no matter what. If I was to go long, I only buy into a strong trend on the 5 minute, with minimal pull backs, and only enter if the buy side in the market depth is strongly supporting the stock. For shorting, vice versa.
For example, I entered a short trade in (WDC) this morning at $20.25. Did so because Daily chart showing obvious weakness, especially the break below the 200 day EMA today. Then my trigger point was $20.25 which triggered earlier. Finally the sellers were very strong and the 5 minute was trending strongly down, so I jumped in. Its a matter of fine tuning everything I spose. Cheers.
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