Moving averages used - 15EMA, 50SMA, 100SMA, 200SMA
These are commonly used moving averages to gauge the direction of the trend.
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Moving Averages Give Structure
Moving averages used - 15EMA, 50SMA, 100SMA, 200SMA
These are commonly used moving averages to gauge the direction of the trend.
Click Here To Get Your FREE 5 Day Video Trading Course
Day Trading Tips: The Most Reliable Time Interval for your Charts
The considerations discussed:
- How many people is using it? and "Big Money Players" using it?
- Intraday - 5mins, 30mins, 60mins
- Daily, Weekly, Monthly
- Risk Tolerance - Risk-Reward-Ratio can remains the same
- Short-Term chart - Reduce risk per trade
- Long-Term chart - Increase risk per trade
- Account Size - risk % remains the same
- Short-Term chart - Requires small account size
- Long-Term chart - Requires Large account size
- Attention Span
- Short-Term chart - more trades but requires quick action & fast decision
- Long-Term chart - less trades and more time for analysis
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Day Trading - Dr Barry's Favorite Setup
Energy requirements for High Probabilities Trading
- Trends - Direction - Moving Average
- Momentum - Strength of the trend -
- Cycles - Timing Highs & Lows
- Support/Resistance - Blockage of the energy
- Fractals - Different Scale/Time Frames - Chart interval of 3X
Trend ... that is Strong... at the right Time... with Support at your back... confirmed by a bigger Scale
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How Day Trading Works According To Einstein
Energy - Fractals
- Each chart time frame will have it's own trend
- 2mins chart might be up or down, and
- 60mins chart might be up or down
- Always check with higher time frame to trade with confluence
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Objective Approach To Trading
This will help to reduce the emotional side of trading. Trade with a clear mind.
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How To Trade Breakouts
Breakout trading is another strategy, but Dr. Barry views it differently.
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Stock Trend Trading Made Simple
Trend is your friend. This is a good example on how to trade with the trend.
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