In this article, I would like to tell about several patterns for intra-day trading on the US stock market. These patterns worked and continue to work today. I would like to emphasize at once that the patterns discussed below work well in the stock market, not in the commodity futures or currencies market. The nature of the movements inside the day in the futures market, in my experience, is quite different. For those who are just starting to learn trading and who want to try themselves in intraday trading, I would advise the American stock market. It has a large number of tools, and every day there you can find papers with simple and understandable movements. Take one, two patterns maximum, the nature of which you understand, and look only for them. So, let’s move on to the patterns.
1. Pattern “first pullback at 10 o’clock”
This is my most favorite pattern, which always brought money. I had periods when, trading only it, I did not have any unprofitable trades within a month (doing daily 1-3 trades).
This pattern involves the search for active shares in which the trend movement begins or continues. In accordance with this model, in the first 30 minutes after opening of the market, the stock makes the first move at least for 3-4%. Further, at 10:00 – 10:30 we are waiting for the pullback, the formation of support and go from support in the direction of the trend, joining a strong player. We set the stop for the pullback. Trade of trends is the simplest and most reliable transaction.
Share of Intelsat S.A. (I) 13.07.2018 after the first pullback at 10:10 is fixed over a round number – a level of $ 20: