when day trading what do you look at?

jamesj188

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What are some things you look at on a stocks daily chart before taking a day trade?

next level of resistance?
primary or secondary trends?
most recent pattern?
moving averages?
 
What are some things you look at on a stocks daily chart before taking a day trade?

next level of resistance?
primary or secondary trends?
most recent pattern?
moving averages?

I only trade currency, but all charts are the same, and if you only want 1 indicator, then Stochastic is the best single indicator................
 
I only trade currency, but all charts are the same, and if you only want 1 indicator, then Stochastic is the best single indicator................

Nothing works 100% of the time but a good system puts the odds in your favor.........
 
I only trade currency, but all charts are the same, and if you only want 1 indicator, then Stochastic is the best single indicator................

I have tried to use the Stoch indicator for a long time but the thing drove me crazy. When it indicated undersold I would enter Long when indicator comes up, but then it retraces and you're screwed.

Same for opposit, I would go Short when it tends to come down all the way, but then retracement again and my stoploss gets hit.

Doesnt make sense to me so I got rid of it.

How does the Stochastics work for you?
 
moving averages are not good indicators and stochastics are ok but regardless all indicators are best used with others .
 
Trend
S/R
Trend-lines
Patterns
50 and 200 ma's
Check in on those commodities related to the commodity currencies
BRN's
 
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