Daily ATR + Daily Open Price: What is Day-trading?
In this TradingView breakdown, I explain how I incorporate the Daily ATR (Average True Range) and the Daily Open Price into my day trading strategy.
These are key tools I use to gauge potential price movement and set trade targets. I also define day trading as entering the market at or near the daily candle's opening price and exiting before it closes, taking advantage of intraday momentum.
My approach to the "trading day" or "one day of trade" differs from the calendar day. For example, while the calendar marks Monday at midnight, I consider the trading day to begin when the market opens for the week—Sunday at 4:00 PM CST—aligning with one full daily candle of price action.
Watch to learn how I use these concepts to optimize my day trading strategy!
These are key tools I use to gauge potential price movement and set trade targets. I also define day trading as entering the market at or near the daily candle's opening price and exiting before it closes, taking advantage of intraday momentum.
My approach to the "trading day" or "one day of trade" differs from the calendar day. For example, while the calendar marks Monday at midnight, I consider the trading day to begin when the market opens for the week—Sunday at 4:00 PM CST—aligning with one full daily candle of price action.
Watch to learn how I use these concepts to optimize my day trading strategy!
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Let me know your definition of daytrading in the comments below!
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Feragatname
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