Day trading and trend trading:

Day trading and trend trading:

Types:

1.Trend trading 
  a)Trend riding
   How can I ride the trend?

  b)Trend fading
How to identify trend fade?

2.Break out trading

Types of trend

a) Short time trend
 1hr chart for trend detection, 15 min chart for Entry or exit

b)Intermediate trend
4hrs chart for trend detection, 1hrs chart for entry or exit

c)long term trend
1day/wkly chart for trend detection and 1hrs chart for entry

 How Market Moves:

Trend(30% time) -----> nontrend(70%time)----->trend----->nontrend
Time frame ,                            Min,hr,daily applicable to all time frame.

How to draw trend line:

• draw line between two HH, or LL, three point will be good.
• Draw another parallel line with the primary line, It makes trend channel.
• See high and low of the channel.

Finding support and resistance:

     Find resistance and support with that time frame


Find the Retracement:

    Find Where the price retrace , Usually price retrace 33%-76%
    Price retrace in the same time frame.
    Why price retracement occurs: due to imbalance between support and resistance.