Hello my trading friends,
At last i found my own effective way to succeed on the intra day trading.
I used to buy on dips and selling on minimum profits,but lately i found this method taking much time like holding,value averaging etc.
Lately my broker suggested me this new method (new for me) and i found its very coool and tension free than the other.
Now i am setting the RSI 20 and 80,then on an uptrending market i used buy when ever it touches 20 mark and selling on a decent profit.
And on a down trending market day i wait till it reaches on 80 mark then i am short selling then covering on decent profits.
Beginning of this month onward i used to play this style and getting good profits comparatively.
I am also putting the Bollinger Band for a support and sometime MACD also.
But mainly rely on RSI. It is very simple guys try and see and your feed back also.
Thank you so much.
Xavier
At last i found my own effective way to succeed on the intra day trading.
I used to buy on dips and selling on minimum profits,but lately i found this method taking much time like holding,value averaging etc.
Lately my broker suggested me this new method (new for me) and i found its very coool and tension free than the other.
Now i am setting the RSI 20 and 80,then on an uptrending market i used buy when ever it touches 20 mark and selling on a decent profit.
And on a down trending market day i wait till it reaches on 80 mark then i am short selling then covering on decent profits.
Beginning of this month onward i used to play this style and getting good profits comparatively.
I am also putting the Bollinger Band for a support and sometime MACD also.
But mainly rely on RSI. It is very simple guys try and see and your feed back also.
Thank you so much.
Xavier
