Trading opinions can be made in a very concrete or a structured manner just like how investors study into the financial numbers of the stock they are about to invest into.
Short-term traders also have its numbers they study into, it is the price behaviours or the price data of the instrument they are trading. When these data are converted into a pictorial format, it becomes a chart.
And I am going to share with you a simple illustration on intra-day trading using trendline and divergence, to derive entries.
You will find how this can be done in a very structured manner and you don’t have to guess too much into it.
I have included some links below on my previous videos on trendlines and divergence.
The first rule: The first about intra-day trading theory is we have to acknowledge the word “intra-day”, meaning all trades are done within the day itself, and we will have to square off all our positions before the market closes. This is Because we do not wish to carry any risks overnight with unexpected gaps.
Micro E-Mini Nasdaq 0.25 = US$0.50 1.00 = US$2
Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Thanks for the video, very interesting But I think you mix Bearish & Bullish divergences in your video. Whatever is a Bearish Divergence you call it Bullish divergence and the opposite.
konhow
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@brushenas, I am glad you like it and you find it useful. I have changed it as I find the conventional term confusing. Market was bullish, until there was a divergence. In a bullish-divergence, it is when a bull gets diverted, that's where we have to be cautious on this uptrend. Thanks mate! I will mention the changes I made in all my coming video.
Zestiria
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Arigatou gozaimasu konhow-sensei!!!! I really liked the Divergence Trendline & the Intraday Theory. You such a good teacher. 👍👍👍
konhow
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@Valerus_Forex, Thanks Val! Enjoying this and always great to have an opportunity share. It trend down and closed around its low last night.