Look at the Nifty 5 min chart below
Trading Range has been formed for the Day between Line 1 and 2
The breakout of Line 2 is point to enter, minimum target of the Height of the range formed between Line 1 & 2 (that gives Risk Reward of 1:1)
There are multiple other things that will not make this setup tradable during live markets, e.g. the fake pin-bar breakout which happens before the real break-out etc.
So, if you feel you are game for such excitement, and roller-coaster ride then day-trading is for you. The only benefit which I see out of day-trading – you don’t carry any positions over-night so, not bothered about how external events will reflect on the prices next day.
No comments:
Post a Comment