Intra-day band trading refers to a trading form that completes the whole process of opening and closing positions for trading opportunities composed of specific bands in a single trading day. Intra-day band trading requires a large number of traders and profound market forecasting ability. The following small series brings you some key points that need to be grasped in intraday band trading. I hope you like it!

What are the main points of intraday trading?

0 1 Establish the band direction and target.

It is the best way to determine the direction and target of the band with wave theory. Traders can count the number of waves on the 30-minute K-line chart and infer whether the wave type to be launched in the next trading day is 2 waves B or 2 waves C. If it is C of 2 waves, it is necessary to further clarify the starting point and ending point, so that a possible direction and goal of the intraday band will come out. An experienced cycle analyst can also set a time target for this band to improve the success rate.

02 establish a risk-return ratio

The establishment of risks and returns is the fundamental guarantee for the success of intraday trading. Value at risk is the transaction cost that should be paid to judge the error or noise in the market. The risk value of four-time entrance mistakes of Liandou is 36 points, with a single stop loss of 9 points. Of course, if the band starting point is calculated accurately, you can use the 9-point stop loss trigger to decide to abandon the band operation. The calculation method of income value is to subtract 36 points that may be lost from the range between the start and end of continuous bean cases. Only when the return value is more than twice the risk value will it have operational value.

Make a trading plan

Sun Tzu's art of war is condensed into only eight words: "seek advantages and avoid disadvantages, surprise and annihilate the enemy." The core task of intraday band trading is to grasp the trend on the one hand, and to prevent sudden attacks by bookmakers on the other. "Good things come out sharply and bad things come out sharply" often happens. Only by taking the initiative can we ensure victory. Making a trading plan should embody the operational essence of "winning by surprise", and there must be various schemes in the trading plan, taking all the events with ultra-small probability into account, which will be invincible.

04 trading plan

Five minutes before the opening, it is usually a time to quickly adjust your thinking and quickly check your trading plan. The remaining work is to wait for the market performance.

How to quickly find the best trading opportunity for foreign exchange financing?

1, identify the trading trend.

As a foreign exchange trader, you should be able to find the most suitable trading opportunity quickly. Although there is no specific time period to achieve 100% efficiency, I suggest you start with long-term charts and slowly turn to short-term charts.

By analyzing the daily chart at the beginning, we can gradually determine the long-term trend. There are only three long-term trends: upward trend, downward trend and shock trend. After determining the possible trend, we can better find useful signals such as admission and quotation in the short-term chart. If the daily chart does not show an upward or downward trend, then you can switch to a chart that observes for 4 hours or 60 minutes. Usually, highly active traders use minute charts to look for signs of entry and exit.

Determining the market trend is the first and most important decision for traders. Traders need to observe long-term and short-term trends, and then remember when important data and market news are released in the economic calendar. The sentence "Trend is your friend" is very correct so far, and it is also the trading rule of No.65438 +0 for traders. It's important to follow suit.

Step 2 pay attention to the news

A good trading strategy means that even if you enter the market before the news is announced, your trading is still in a favorable position driven by the news. If you decide to trade before the news is released, be sure to set a stop loss. Some news will quickly change the whole market. Other events, such as wars, government elections, holidays and even bad weather, may have a greater impact on a currency pair.

It's important to know money. For example, the euro/dollar is related to the exchange rates of the European Central Bank (ECB) and the Federal Reserve (Fed). A stronger dollar will lower the euro/dollar exchange rate. Almost all major currency pairs are like this. There are great differences between different currency pairs, so I think it's best to choose a few currency pairs and get to know more about them, and only trade these well-known currency pairs. Only by understanding the fluctuation trend and stimulating factors of currency pairs can you increase the possibility of trading profits.

3. Determine the support level and resistance level.

Support level and resistance level are very important. These prices can not only determine the entry and exit prices, but also be used to set stop-loss orders and limit orders. Many times, when the price breaks through the support level or resistance level, the trend directly reverses. Reasonable determination of these price levels can help you better understand the changes in currency trends. Many novice traders don't understand why the trend changed soon after entering the market. Therefore, the support level and resistance level help to see the trend clearly.

4, the use of technical indicators

In any market transaction, reasonable admission is considered to be an important part. Using a variety of charts and indicators will enable you to make more favorable trading decisions. It is a good thing that multiple indicators point to the same trend. On the contrary, if the indicators have different signals, then avoid entering the market first. Before opening a position, we must determine the strong direction of multiple indicators for a certain trend. In the long-term or short-term trend, the indicators you can use include moving average convergence deviation (MACD), relative strength indicator (RSI) and random indicators that may be overbought/oversold. The currency pair is always in a certain trend, and its support level or resistance level may be unclear, but this currency pair may still be overbought/oversold, making it possible to reverse the trend.

How to operate after foreign exchange speculation is locked up?

(1) When the list is stuck, I will analyze the current market trend according to the chart. If the market is at the high or low level of the currency to be bought, stop the loss decisively and reduce the loss to avoid being trapped.

(2) If the currency of Huiyou trading is in the middle of the market, you can observe and analyze the chart trend and fundamental news according to the current market trend, so that your own list can be untied, or you can gradually reduce your position in the direction of buying, so as to minimize the list's trend.

(3) If the currency you are trading is at a historically low price, don't stop loss too quickly. You have to wait until the decline of the currency you bought is gone, and when the low-level consolidation begins, the low-level light warehouse will cover the position and share the cost. When the market rebounds, the funds will be released together.

(4) If Huiyou's market happens to be in a shock pattern during trading, don't stop immediately, you can wait for the market to enter a shock high point, and once it is released or the loss is not great, decisively close the position and wait and see the market smuggling.

(5) If the foreign exchange trading market is in a downward trend, if you analyze that the market will have a further downward trend, you should stop immediately and never have the mentality of returning to profit liquidation. Any hesitation and hesitation in this market may be deeply trapped, so friends should never be indecisive when operating.

(6) If the currency you are currently buying is still on the rise, you can wait patiently for a period of time without stopping the loss, and there may be a chance of unwinding or even making a profit.