Hi day traders, what strategy/system do you all use to read the charts and how’s your risk management built?
Personally I use a 21 period RSI based divergence system paired with two EMAs, the 21 period and the 50 period. I take my bias from the 1h but my trades are placed on the 1m timeframe. On average I take trades up to 3R
With this, I also get help by using the Wyckoff Method.
submitted by /u/lordmansouri to r/Daytrading
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