Conversely, if the price has a downward movement, the closing price tends to trade at or near the low range of the day's trading session. For example, if a stock opened at $10, traded as low as $9.75 and as high as $10.75, then closed at $10.50 for the day, the price action or range would be between $9.75 (the low of the day) and $10.75 (the high of the day). Traders must have a clear entry and exit strategy for scalp trading. The premise of stochastics is that when a stock trends upwards, its closing price tends to trade at the high-end of the day's range. There are 6 scalping indicators for ThinkorSwim that you can use to make small quick profits in the market.
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