Learn to recognize the daily trading patterns. There are four types of trading days
1.Type 1 days are trend days. market trends either up or down during the trading hours. This can happen after a reversal day or any significant news shifts the sentiment to bullish or bearish.More than two trend days in the markets in a row are very rare. Trend days are generally followed by a reversal or consolidation.
2.Type 2 days are reversal days.This happens when a price hits a strong higher time frame decision point during the day and reverses, This will show as hammers or shooting stars on a daily chart.We can expect a trend day after a reversal day
3.Type 3 and 4 days are consolidation or range days.This usually happens after a trend day when the effect of an earlier news dries up and there is no significant events to shift the market sentiment.
More than four swings very rarely happens on a day . try to catch these swings and limit your trades to a maximum of four. Do not over trade.