Intraday Quotes

To summarize my ORB Strategy: After I build my watchlist in the morning, I closely monitor the shortlisted stocks in the first five minutes after the Open. I identify their opening range and their price action. How many shares are being traded? Is the stock jumping up and down or does it have a directional upward or downward movement? Is it high volume with large orders only, or are there many orders going through? I prefer stocks that have high volume, but also with numerous different orders being traded. If the stock has traded 1 million shares, but those shares were only ten orders of 100,000 shares each, it is not a liquid stock to trade. Volume alone does not show the liquidity; the number of orders being sent to the exchange is as important. The opening range must be significantly smaller than the stock’s Average True Range (ATR). I have ATR as a column in my Trade Ideas scanner. After the close of the first five minutes of trading, the stock may continue to be traded in that opening range in the next five minutes. But, if I see the stock is breaking the opening range, I enter the trade according to the direction of the breakout: long for an upward breakout and short for a downward move. My stop loss is a close below VWAP for the long positions and a break above VWAP for the short positions. My profit target is the next important technical level, such as: (1) important intraday daily levels that I identify in the pre-market, (2) moving averages on a daily chart, and/or (3) previous day close. If there was no obvious technical level for the exit and profit target, I exit when a stock shows signs of weakness (if I am long) or strength (if I am short). For example, if the price makes a new 5-minute low, that means weakness, and I consider selling my position if I am long. If I am short and the stock makes a new 5-minute high, then it could be a sign of strength and I consider covering my short position. My strategy above was for a 5-minute ORB, but the same process will also work well for 15-minute or 30-minute ORBs.

If a husband expresses a thought alone in the middle of the woods,” so the joke goes, “is he still wrong?” Probably so.

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The Human Side of Every Person Is the Greatest Enemy of the Average Investor or Speculator” “Patterns Repeat, Because Human Nature Hasn’t Changed for Thousand of Years” –

A good intraday stock offers numerous and excellent risk/reward opportunities.

What are Stocks in Play? They could be, in no particular order: A stock with fresh news A stock that is up or down more than 2% before the market Open A stock that has an unusual pre-market trading activity A stock that develops important intraday levels from which you can trade off

Therefore I recommend using 15-minute charts. This time frame is small enough for you to capture the nice intraday moves, but it's big enough to eliminate the noise in the market and correctly displays the "true trends.

Making mistakes is part of the learning process when it comes to trading or investing. Every trader makes mistakes in trading that ruin his entire capital. We have listed some common but 5 deadly trading mistakes that a novice or unprofessional trader does in the commodity market: No Patience, Over Trading, Trading Without Plan, Giving Into Emotions, Not Having A Trading Journal. You may include market conditions, the size of the trade, expiration time, prices, whether or not you were successful, and even notes on your emotions. Looking Forward and Join Free MCX Crude Oil Tips, MCX Commodity Trading Trial! Call at 9814289955 or go through our website.

free historical intraday futures data.”)

Always remember two things about trading: 1)     You’re in the business to make money today! And if possible every day! 2)     Money doesn’t go to people who need it the most. It goes to people who multiply it.

All you need is one pattern to make a living." – Linda Raschke

fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." – Bruce Lee

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Only a fool tests the depth of the water with both feet. AFRICAN PROVERB

have two basic rules about winning in trading as well as in life: 1) If you don't bet, you can't win. 2) If you lose all your chips, you can't bet" – Larry Hite

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Stop-loss and Profit Target for intraday trades I suggest you adapt your SL and PT pip values to the volatility of the instrument you are trading. An easy way to determine this is to use ATR (Average True Range) indicator and set it for a long period, for example, 200. Then load around 300-500 days (daily timeframe) in your charts and see what the average ATR value for this period was (= what the average daily volatility in this period was). Then you need to multiply the ATR number by 10.000 to get the value in pips.

And I’m not kidding when I say “craziness.” The University of St. Gallen, Switzerland, has come out with a study that compares traders with psychopaths. The study reviewed the results from an existing study comparing 24 psychopaths in German high-security hospitals with a control group of 27 “normal” people. The funny thing is, this control group of “normal” people turned out to be traders. Stock guys, currency and commodity traders, and derivative types happened to be the normal control group that was stacked up against the high-security, barbed-wire-enclosed psychopaths. In the end, the performance of the trading group was actually worse than that of the psychopaths. The study indicated that traders, “Have a penchant for immense destruction,” and that their mindset would lead them to the logical conclusion of “beating one of the neighbor’s expensive cars with a baseball bat with the sole objective of owning the most beautiful car in the neighborhood.” In other words, traders are nuts. Indeed if you look up the textbook definition of a psychopath, here are some of the tidbits you’ll uncover: antisocial behavior, poor judgment and failure to learn from experience, inability to see oneself as others do, inexplicable impulsiveness … sounds like a typical trader who is struggling against the market and can’t figure out why.

I see the supposed convenience of being able to trade ETFs throughout the day as a psychological disadvantage. Unless you are able to predict intraday market moves—a fool’s errand if ever there was one—you are faced with the oftentimes paralyzing choice of exactly when to buy or sell.