I usually take help from
Volatility
Buying/selling pressure
Call-put ratio
Volumes
Macd wid std settings
Pivots
Camarilla levels
And current news
To decide my levels of long n short
Its always easy to win in a trade but tough to keep on winning trades so always beware of sidewise market as it will wipe all ur profits and anybody can get trapped in whipsaws.
In trending markets even a simple strategy of ema crossover will work.
My advice is to never trade in sidewise market as its better to have no profit than to loss.
During up or down market, targets r huge n u can easily average ur no trade days.
Overcome ur greed n take trading as bussiness not as gambling.
Use some mathematical calculations to determine market direction rather than guess work.
Nowadays i m also considering open interest but its little bit tough for me to understand.
Again saying, above r my views and not meant for hurting anyone!
Volatility
Buying/selling pressure
Call-put ratio
Volumes
Macd wid std settings
Pivots
Camarilla levels
And current news
To decide my levels of long n short
Its always easy to win in a trade but tough to keep on winning trades so always beware of sidewise market as it will wipe all ur profits and anybody can get trapped in whipsaws.
In trending markets even a simple strategy of ema crossover will work.
My advice is to never trade in sidewise market as its better to have no profit than to loss.
During up or down market, targets r huge n u can easily average ur no trade days.
Overcome ur greed n take trading as bussiness not as gambling.
Use some mathematical calculations to determine market direction rather than guess work.
Nowadays i m also considering open interest but its little bit tough for me to understand.
Again saying, above r my views and not meant for hurting anyone!