The biggest challenge day traders face is selecting a stock which can produce big moves on the day. There are several ways to identify such potential movers based on price and volume criteria. Yet it is extremely difficult to identify such a stock out of thousands of traded stocks.
One of the ways to identify such stock at a relatively early stage of the move would be to look for stock with synchronized bullish/ bearish alignment structure on the short term chart say 5 or 15 minute charts. The alignment of trends in either direction results in trending move in the direction of the main trend. A day reader has to extremely agile to encash such opportunities.
The following 15 minute charts show how the bullish alignment structure in the Triple Trend Oscillator can be used to trade intraday for smart profits.
