5 Pro Rules to Find the Profitable Trades in Day Trading Forex that WORK

How to find the profitable trading setups while Day Trading Forex that work? 5 steps Day Trading Strategies to make money in intraday trading as a beginner.
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What are the Day Trading Rules you should follow?
How to make sure the trades you take while day trading forex, will have a high probability of making money? Well, here are some steps that can not only make you more money in trading, but also help you find some of the best trading opportunities quickly.

Number 1. If you have watched other videos on the Trading Rush channel, you know we always like to trade in the direction of the trend. And as a trend trader, what we usually look for is the pullback of a trend. In other words, we are looking for the market to give a discount. Most of the time in an uptrend, you will buy at this point, because no one likes to take trades at the top, unless if you are trading the breakout. For example, if there was an apple that went on sale up to 90 percent off every afternoon, many people will buy during the sale right?

Most trend trading strategies will try to give entry signals near this area. If you don't have a profitable trend trading strategy, check out other videos on the Trading Rush channel. We have even tested them 100 times to find their win rates. And subscribe to the Trading Rush channel and ring that notification bell, because you don't want to put your money on a worse trading strategy.

One of the strategies that performed well after testing hundred times was the alligator trading strategy. In this strategy, we use a 200 period moving average to find the trend direction, because even your dog can easily identify the trend direction with a moving average. Furthermore, moving averages acts as a support and resistance on a trading chart, especially the 200 moving average. So your trade will not only have a higher probability of making a profit, but by adding the 200 moving average on your chart, you will make sure not to trade against it.

The second thing you should do to have a high probability of winning, is avoid charts like this. Here, the price looks like a mess. Price action should be easier to read, otherwise your entry signal indicator will give a lot of false signals. On this chart, price is below the moving average and is not flat. Your probability of making money is already pretty good if you trade with the trend, but if the price action is choppy, your trade will have a lower probability of making money. Here, price is making sudden big candles, and these big candles can easily hit your stop loss. Yes you can set your stop loss far away, but then you will have to set your profit target far away as well to get a good reward risk ratio. Setting a big stop loss is not a problem if price actually moves in your favor, but if momentum slows down and if price starts to go sideways, you will be stuck in a trade for a while.

This is very common with low liquidity stocks and forex pairs. Furthermore, you should be very careful, as forex pairs and stocks can have big gaps and can make sudden moves because the buying and selling pressure can greatly vary. To have a higher profitability of success, it is a good idea to stick with major forex pairs and stock with high volume.

And if you are a beginner, trading on major forex pairs only can be highly beneficial as the price action on these pairs are usually smoother and easier to read. Your indicators will also work better.

Third thing that can significantly improve your chances of making more money, is the time of the day. Even though the forex market is open 24hrs on a  trading day, you can't trade all day. There are different market sessions that play an important role in liquidity. During the Asian session, price usually moves sideways and is less active. Price tends to make relatively bigger moves during the London and US sessions. So you will have a higher chance of finding higher quality trading setups. You can even achieve higher reward risk ratios during these sessions. I have already made a detailed video on this topic. Check it out to learn more. 

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