Best intraday trading techniques

In this article, I will show you the best intraday trading techniques.

First, every successful trader thinks that Intraday trading doesn't need to trade all the time. It is one of the day trading secrets.

All beginners want to make money right away. 

They never learn intraday trading strategies online.

They also forgot the intraday trading tips.

Second, I will build a day trading plan, a day trading checklist and trade with a demo account.

Some beginners will ignore the demo trading. In fact, a demo account is the best way for beginners to explore the MetaTrader 4, test the day trading systems and receive the trading experience.

Third, keep a intraday trading journal.

Some beginners just want to make money. In fact every successful intraday trader believes that keeping a trading journal can track trades and thoughts. Especially focus on concrete goals for improvement.

Here is an example:

EURAUD daily chart from ctrader

First, I will set up a grid on EURAUD, select the daily chart and use 0.01 to 0.02 lots for a $3000 account.

Second, EURAUD remains in downtrend from 1.6100 on the weekly chart. On the other hand, the support level is at 1.3750.

Now the ADX is below 20.

Finally, I will place a stop-loss order @ 1.4200.


The order book would look like this: 

• 2 March sell limit 0.01 @ 1.3770 (the worst entry points)
• 3 March sell limit 0.02 @ 1.3891
• 6 March sell limit 0.01 @ 1.3977
• 7 March close 0.01 @ 1.3891
• 10 March sell limit 0.01 @ 1.4076
• 13 March sell limit 0.01 @ 1.4169
• 13 March close 0.01 @ 1.4144
• 14 March close 0.01 @ 1.4071
• 20 March close 0.02 @ 1.3887
• 27 March close 0.01 @ 1.4200 (touch my stop price of 1.4200)

It is the failure. I can't pick the low-risk points and decide the S/R levels.

I think that keeping a day trading journal is the best intraday trading techniques.