Something that is often over looked is the fact that trends exist and that they can be caught if you know what ot look for. Day trading is difficult, time consuming and on low volume days exceedingly boring! However you can set alerts, or hedge your trades to catch the Spikes! What alot of traders try and do is get that 1% gain every chance it presents itself but thats often times risky and unrealistic, or due to market manipulation by Whales! What I propose in this analysis, is that buy only on major red spikes, whatever set amount you are comfortable with, and then short on the first major acute Green peak.
Let me explain further what I mean by Major Spikes. There are almost always acute angles in 15 and 5 min charts, however not all are equal. I keep my charts in percentiles because it saves me the trouble of calculating the math or projecting the "2-3% trade". That being said if you use one of the Indicators that track volume you can see the pattern emerge that dumps, pumps, or trend reversals show! That is also why I used Red and Green arrows to point out the specific point to buy and sell. Note that using this method means you will not have the Highest Highs and the Lowest Lows at all times. However it is pretty close to the 90% rule which is buying at 10% of the dip, and selling at 90% of the high!
If you can remain disciplined, and myself for that matter, we can make some amazing trades, every single time!
Let me explain further what I mean by Major Spikes. There are almost always acute angles in 15 and 5 min charts, however not all are equal. I keep my charts in percentiles because it saves me the trouble of calculating the math or projecting the "2-3% trade". That being said if you use one of the Indicators that track volume you can see the pattern emerge that dumps, pumps, or trend reversals show! That is also why I used Red and Green arrows to point out the specific point to buy and sell. Note that using this method means you will not have the Highest Highs and the Lowest Lows at all times. However it is pretty close to the 90% rule which is buying at 10% of the dip, and selling at 90% of the high!
If you can remain disciplined, and myself for that matter, we can make some amazing trades, every single time!