By far, the most toughest place to make money in the markets is through intra day trading.
Relationship managers from brokerages would tell you how their phone diaries and email addresses need an updation every month, as clients drop off in many cases never to return to the markets again.
At Vtrender we understand the pressures of intra day trading, which is why we have worked on a system which will give you consistent results irrespective of the movement of prices on your screen.
You need to know only two things if you want to trade successfully intra-day :
a) Know the Trend
b) Know your reference levels.
The charts which we use to trade everyday have the best trend indicators as well as the best reference points, the industry uses today.
Take a look :
The points marked in blue are the reference points and the points marked in orange is the reaction of Order Flow ( Trend Indicator) at these points.
Point 1 ( Blue ) : 5264 given as a ref level even in the chat room here and was the low of the day till the afternoon news broke.We booked overnight shorts here.
Point 2 (Blue ) : POC- we noticed the market’s reluctance to move above this level and waited for OF to confirm the red.
Point 3 ( Blue) : VAL- Notice OF going red again sending a clear message that sellers want action.
Point 4 ( blue ) : 5224 another HVN where we covered shorts and waited for the OF signal.
In The Bank Nifty :
Notice the high of the day is Value Area High and the Low of the day is another Important reference level. Notice how VWAP ( Orange Line ) helps to arrest the trend at numerous times during the day.
You do not need anymore. Trading is actually a simple job. It’s information converted to knowledge which yield successful trades.
You have to have the right information though….