Intraday trading strategies is done with logic and planning and we have to sort out our weakness and the cause behind trading whether you are a scalper or swing trade
***When we see an opportunity to trade, We look to see the logic behind it whether it is an intraday or Swing Trading. The best point is that it should be very low risk opportunity and If that is with the trend then it should offer you another chance to enter with even tighter stops if the breakouts or stops are taken out by few pips.
*** I have posted above the eur/jpy chart and when you see this chart it is trading with repitative patterns, breakouts to the upside and strong rally to the downside and range and then breakout
***When we see pattern like this we think of pattern getting repeat itself again, but most of the cases it did the opposite, so I would suggest you watch the chart closely and see if you can find some "Logic" behind this trade, range breakout was to the upside and follow-through was very strong at the first attempt, but it could do the complete opposite even with strong momentum breakout and the only difference is that we have seen a new low this time, and two to three attempts have been faded out.
***So, Watch the chart properly and don't be in any rush to trade that opportunity as there should be logic behind your trading and you just want to trade good with the trend opportunities and one could be here very soon !
