On Sunday, I showed potential entries for stock trading intraday on Duke Energy, Verizon, Ford Motor Company, Priceline, and Goldman Saks. Trade setups came in on each one using the Directional Volume indicator, Trend Average True Range Stop, and the Support and Resistance indicator (Congestion Zones).
In the video below, which is only about 3 minutes, I show the trades that came on Monday and Tuesday.
The screenshot below also shows each entry — again, price is at an area that will either act as support and push price up or it is at an area that will act as resistance and push price down. Then we look at the volume to see if it confirms what price is showing us and if buyers or sellers are controlling the bars. Volume divergence simply means that as price is making a new high, buyers are decreasing. If price is making new lows, then sellers are decreasing.
Stock Trading Intraday
Support and Resistance happens on all markets — it is the way markets move. Price finds support, then moves up to form resistance (or finds resistance). Then price seeks a new support area. This is what causes the zigzag patterns or waves that are reflected within price action. The difference with TradersHelpDesk is that we have found a way to identify these support and resistance areas and then combine the power of volume price analysis to identify if price will continue up or down. And it works for stock trading intraday, as well as for trading futures, commodities, and forex.