Stock Indices Day Trading Strategy
5 Minute Day Strategy Guide
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 aim of making quite a number of pips: 30 - 100 pips.
Day indices trader trading 15 minute chart timeframe wants to go long, checks 1 hour indices chart time-frame, 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 Strategy PDF - 15 Minute Day Strategy - Indices Trading 15 Minute Day Trading Strategy
Indices Trading day trader traders using technical analysis use stock indices charts to try & attempt to predict the movement of stock indices trading price on the stock indices charts.
Indices Trading Day traders will sometimes use two or more indices chart time-frames so as to figure out the long term indices trend & 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:
Upwards Stock Indices Trend
Both MAs Moving Up
RSI above 50
MACD Above Center line
Downwards Indices Trend
Both MAs Moving Down
RSI below 50
MACD Below Center line
Multiple indices charts time-frames analysis equals using 2 chart time frames to trade stock indices trading - a shorter indices chart time-frame used for trading & a longer chart time frame to check the indices trend - chart time frames that you select for trading stock indices trading price action with will depend on the type of trader you are: for day traders the chart timeframes used for trading will be example of 15 minutes chart time-frame & 1 hour indices chart timeframe.
Since it is always good to follow the indices trend when stock indices Day Trading, in Multiple Chart Timeframe Analysis, the longer 1 hour indices chart time frame gives us the direction of the long-term indices trend when Day trading using the 15 Minute Indices Chart Timeframe.
