Day trading system
Day trading system by Day Price Trend indicator
this is a price-action indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
- Green Box--Price higher highs
- Gray Box--Price lower highs
- Red Box--Price lower lows
- Yellow Box--Price lower highs
Day trading during a balance day is unfavorable; it's better suited for trending days with imbalance. With advance understanding of market structure is required. Additional information on my blog.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
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