Rules for intraday setups

Do not short stocks in intraday uptrends, unless they are met with huge longer term resistance levels.
Understand your job.  Your job is to find high win rate trades with excellent risk/reward opportunities.  Your job is not to pick tops and bottoms.
Traders simply make trades that mathematically generate profits over thousands of trades.
Find trends (channels) [...]

Gap Trade – Checklist

GAP Trade – Quick Checklist

Gap should be below/above previous day’s high/low.
What are the 20/50 MAs doing?
Mark Support & Resistance, Trendlines
Mark Gap High/Low
Where are the Pivot Points?
Is this is Trend break scenario or Trend Continuation scenario?

Scenario #1 – Price retrace’s immediately.

Wait for retrace to resistance or gap high
Stoch in extreme level
20/50 MA cross should have happened. [...]

Day Trading Marketwatch Tools, Setups, Entries, Exits, Strategies

Indicator to Watch
In order to put the odds better in our favor, we need to look at the following on a daily basis.

S&P Futures
$TICK – This indicates the difference between the no. of stocks on an UpTick and those on a DownTick. (Extreme Values: -1000 to +1000)
$TRIN – A measure of volume going into advancing [...]