Intraday BUY or SELL decision is very crucial for a profitable trade. Besides stock trend, it is critical to identify the trend of a market. As the intraday trading a high probability setup. Therefore, to increase the chances of a profitable trade, it is critical to executing a trade in the direction of the market trend.
This video explains how to find out or identify the market trend with the help of a Heikin Ashi chart. To summarize, the intraday trade and market trend should be in the same direction. For example, i take long/buy trade if the market is in up move or uptrend and vice versa. This strategy will help to avoid hitting stop loss and maximize your revenue from the day trading.
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