Day trading entry techniques

The following day trading entry techniques will help traders find high profit potential, low risk day trading entry points.

First, use trend line for a day trading entry point

I think every beginner can draw a trend line on the chart. (shown below)

1. If the price could break out the falling trend line, you can identify a good day trading entry point.
2. If it bounces off resistance line, you should look to go short.

Second, looking for day trading entry points using support and resistance levels

I think how to trade support and resistance levels is the basics of day trading.

1. When the price passes through the support and resistance lines, you can play breakouts.
2. When it would rise after bouncing from a support line, you can decide to go long.

Third, using grid trading strategies to find entry and exit points 

I place multiple trades forming a grid pattern without guess the direction of the trend.

Although, many day traders think hedged grid trading strategies can not make a lot of money, I think it is the best day trading strategy 

For instance: the grid trading will work in range markets. I want to set up a grid on GBPUSD.

On the other hand I will use 0.01 to 0.02 lots for a $3000 account.

A few words of caution…

1. All the day trading entry techniques come from demo trading. It can help you build confidence and find a weakness.
2. Just focus on one currency pair. Then practice, practice, practice. whatever job, need to constantly practice.

Further reading Simple Way to Trade Trendline Breakouts