Dear Sir,
Good morning! I hope this email finds you well. I am a new member and would appreciate your guidance on intraday trading strategies. Specifically, I have a few questions:
Best Intraday Time:
Could you please advise on the best time for intraday trading? Are there specific hours during the trading day that tend to be more favorable for short-term trades?
Box Size and Reversal Size:
What box size and reversal size should I consider for my Point & Figure (P&F) charts? I understand that these parameters impact the chart’s time coverage.
Generally, a 3-box reversal P&F chart with a 1% box size extends over 9-24 months. Adjusting the box size will affect the time covered on the chart1.
You can calculate the box size using methods such as ATR (Average True Range) or traditional methods2. For example, if you choose ATR, you can set the ATR look-back period (default is 14).
Best Indicator for Future Buying Time:
As a new trader, I’m interested in knowing which indicators are most effective for identifying optimal buying opportunities in the future.
I appreciate your cooperation and assistance. Thank you!
Best regards,
Alok Dave 7990859528