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Using trading levels has been quite a breakthrough for me in my trading. Discovering overheated zones in particular on the 5 minute chart.
But using levels is only half of it in my opinion.
For your short term trading to be successful you can use all or some of the following to enhance your hold.- Average in
- Basket Trade
- Stop & Reverse
By using levels with these other methodologies might give you the time to discover the wave you are in and use the combined approach to net you profit.
Michael B. |
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Hello Michael,
I am somewhat confused about your methodology. Is it necessary to identify the wave when intraday trading? I agree that one needs to see the bigger trend. Perhaps I am not quite understanding what you mean by wave.
Would you mind sharing and explaining it?
Regards,
Carter