DislikedIntraday trading is pure instincts, reaction and closing trades on time
take what you get..Ignored
Intraday swing trading
Only for full time traders who sit in front of the terminal all the time.
I use it when i am sure of price action on the Index.
Rules dont give too much weight to monthly rsi.
However daily has to be in the same direction of price action. Daily & weekly in same direction the better.
Here are the rules. Just plain macd , filter line and the rsi indicator to
confirm direction.
Here are the rules.
When a candle pierces the filter line on a individual index (4hr chart), D1 rsi should be in same direction. Weekly, monthly rsi i cant really give you a set formula cuz this is intraday use ur trading instinct.
Now please read the macd well and price action. The macd histogram will give you early indication of a possible breakout.