Received 28 Karmas
Lyoness
Lyoness Sep 23, 10:49 AM

This is great, thank you for taking the time to put this together. I have a question for you, when you're determining whether or not there's resistance in the way, what are you looking for? Resistance should be a certain % away or nothing there at all? And is there a certain way you calculate whether or not something counts as resistance? (Lately I've been counting something as heavy resistance if it has a volume candle over 3X ADV, but I'm curious what others are considering)

KaranKhanna
KaranKhanna Sep 23, 11:15 AM

@Lyoness , heavy volume on daily, once i determine which daily candle has heavy volume then i look at intraday for consolidation/sideways grind and if the range is too wide, i use the consolidation low as my risk and if range is tight i use consolidation high as my risk. If i cant find any consolidation then i risk the high of the daily candle and would take entry closer to the high. If stock doesnt reach the any of the levels i planned for i will create a plan after 10am looking at the intrad

twarmbruster
twarmbruster Sep 28, 4:09 PM

Hey thats an awesome explanation. Very implementable tips. Love the 5min candle tip

Join now or log in to leave a comment
Stockdancer

@KarolaCrawford just became a fully transparent trader today!

Received 1 Karma
sailormanjac
2
sailormanjac Dec 18, 19 9:11 PM

sorry so long, guess there is a limit. I can do three trades a day so now I must wait for a setup anf then I must decide if it is worth taking or do I wait for the next one.

sailormanjac
3
sailormanjac Dec 18, 19 9:12 PM

and btw how do you karma someone?

Join now or log in to leave a comment
Page
of 1