Intraday trading method -3

Trade with confident is the one of the big strength to trade when you are doing with real money, normally traders who trade demo trading they use to take big profit , but if they come to trade in real money they loss all , this because of losing confident while doing real time.

This is one more simple trading method for any time frame whether you are an day trader, swing trader or long term trader, you can use this method by adding simple two horizontal line in between the high and low price of the chart.

Let watch the chart that I attached in this post I draw a two horizontal line one for high level and the other for low level. Normally this high level will be your last resistance point and the low line should be support line.

Buy the stock, forex or commodity price when ever if the resistance break above use a stop loss as your support line.

Sell same way when the support line breaks sell and use stop loss as resistance line.

For target use you money management system if you use 50 point as a stop loss then your profit point should be 150 to 200 point.