Sentences with phrase «day trading parameters»
Creating a checklist of your day trading parameters is often a good place to start.
https://www.daytrading.com/ Not exact matches
I therefore would like to ask you if you can provide me with a scanner that, once my strategy (parameters of the moving averages and stochastic) is defined, I simply have to run it at any time of the day to fined if any stock has met the defined preliminary trading conditions.
Indeed we compared the Hurst parameter, fractional dimension, tests for white noise, and other quantities that show us effectively for most of a normal trading day you can not mathematically predict currency movements, or other assets.
A forex trading software updates the trader with the pre-set forex signals at any time of the day as soon as the market hits the parameters and asks him to take the action.
You either enter your trade parameters or you do nothing, and either way you should leave your charts until the next day, then come back and see what happened.
As I have mentioned previously I simply run a nightly scan of Long and Short stock candidates hitting 52 week highs / lows and keep note of these stocks and over the course of the coming days and weeks I look for which stocks keep hitting the parameters of my scans before taking a closer look at the chart, once I see there is a clean smooth trend be it going up or down I then calculate from that afternoons closing price and where the stop loss would need to be positioned on the first day the trade is placed in line with my risk management and then simply wait for the open the following day to open the trade then my system does the rest.
Now, a day or two has gone by, still no good price action setups have formed, then you notice as the New York session closes out there is a very nice fakey setup that has formed with the dominant daily trend, you enter your trading parameters and let the trade take its course.
Day trading using technical charts is no different than using a fundamental approach to investing, but with a shorter time horizon and clearer parameters.