On intraday trading, or scalp as it is


5. With this system of trade price movement in the opposite direction (after the entry point) is practically reduced to a minimum and only under the influence of any of the fundamental factors or if imprecise definition entry points and premature opening of contract.

6. If, after the entry into the market movement in the right direction all the same does not develop, then after 35-50 minutes of opening the position (if re-analysis has shown that you have not opened it prematurely) to close the deal, as the market apparently expects certain information that can throw it to you in an undesirable direction. In these cases (remembering the commandment "Do not lose it!") Better get out, look around and wait, and when the situation will be explained, once again, by selecting the entry point to open the contract.

Trading on short positions

Now consider a concrete example trading system on short positions (trading on long positions - SLR). Assume that the location of the SAR on the daily chart is different (Parabolic SAR is at the bottom of candles) on the location of the SAR on all the other (60 - to 5-minute) charts (SAR are on top of candles). In this case, discard the daily chart analysis and proceed to the analysis of the 60-minute and the next time schedules (as they decay). Determine and establish support and resistance levels (near the lifts do not sell, and near resistance - do not buy.)

The minimum distance to the price support levels should be at least 20 points, and the levels of resistance - 25 points. We provide a trend line (it must be a bear).

If the bullish trend line, and the SAR are on top of candles, the trader must remember that a big move may not be (if it is the entry point does not coincide with the beginning then the bearish trend).

So, on the 60 minute chart:

- Trend - bearish Parabolic top candles and is under "protection";

- SS (moving averages) with periods of 4 and 18 showed "dead cross", or intend to do so;

- DMI testimony confirms the SAR and shows sell;

- RSI is in the area below the 50 or turned in that direction;

- MACD has given a sell signal either going to do it;

- S.Stochastic gave the signal to sell and is not in oversold territory (but if this is not the case, the trader should not frighten it, as the 60-minute chart - a long enough period for intraday trading).

All this allows a trader to conclude that the 60-minute schedule allows him to make a bearish trade. Similarly, for the same parameters analyze 30-minute chart. Just analyze the 15-minute chart. It is important to Parabolic was under the "protection". If not, the trader must learn more about the availability of convergence and reversal candle figures speaking about the coming "rollback". If such signals the opening short position is more at risk, in this case it is better not to make a deal, and wait until the end "rollback."

If the analysis of the 15-minute chart does not contradict the terms of the sale, then switch to a 10-minute schedule and conduct a similar analysis, paying extra attention to S.Stochastic, which should not be oversold.