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  • excellent information. Why dont you share some more strategies for the current market.
    I am losing money in trying different strategies, so if you can guide me for suitable stargety it will be a great help for me.

    apurva shah
    :)* Some more morning strategies :.

    A ) SHORT SELL :- ( sell first & buy later )

    OPEN & HIGH IS SAME.
    Sell just below HIGH price if it is not breaking the high price for 3 minutes.

    Example : If O-H is 110 sell @ 109 with a SL ( stop loss ) just above HIGH.
    Best results are observed if :-
    a) Market is Bearish ( weak )
    b) O-H rate is near or above SELL PRICE i.e.: ( pr. Close + BS )
    c) O-H rate is @ or near R1, R2, R3
    d) Share price has gained 10-30% in previous 1-3 trade days.
    e) Weak share but O-H rate is @ or near R1, R2, R3


    B ) BUYING :- ( buy first & sell later )

    1. OPEN & LOW IS SAME..
    Buy just above LOW price if it is not breaking the low price for 3 minutes. Example : If O-L is 100 buy @ 101 with SL ( stop loss ) just below LOW.
    Best results are observed if :-
    a) Market is Bullish ( strong )
    b) Pr. Close is Strong ( i.e.: it is a strong share )
    c) O-L is near or below Pr. Close
    d) O-L rate is near or below BUY price or @ S1, S2, S3

    2. STRONG SHARE :- ( i.e.: strong close pr. day )

    BUY if :-..
    a) OPEN is @ BUY price.
    b) OPEN is same as pr. Close.
    c) OPEN & LOW is same, as discussed above.
    d) OPEN is just above pr. Close but far below SELL price.

    Best results if market is bullish. Keep the target of getting out @ SELL price, or @ R1, R2, R3 if it is showing strength & volume is more than pr. Day.

    PLEASE REMEMBER : 1) AS A INTRADAY TRADER YOU SHOULD NOT FIGHT WITH THE MARKET. BE READY TO ACCEPT A SMALL DEFEAT RATHER THAN MAKING IT A BIG FAILURE.
    2) IT IS NOT A EASY GAME.:mad: UNDERSTAND IT . ALWAYS ANALISE SUCCESS & FAILURE FOR EVERY POSITION YOU TAKE.:p
    3) Select a strategy. Do the homework before trading for that strategy only. Don't mix other strategy with it. PAPER-TRADE.for few days sincerely(the more time you take the better)......than start with small qty. for a period of say a month(do not overtrade your limits).......once your success for your strategy is 70-80%.........than increase qty in steps again. .....DO NOT OVER RISK.......YOU CANNOT CHANGE THE MARKET ....ALL YOU CAN CHANGE IS YOURSELF......TOWARDS SUCCESS.
    4) Once you get the feel of price movements , how and why they happen....then YOU may take additional guidance of any softwares (NOT MANDATORY)
    5) YOU CAN MAKE MONEY BY STICKING TO ONE STRATEGY FOREVER ALSO.......NEWER FORGET THIS.........SO.......JUST KEEP A AIM TO MASTER ONE STRATEGY.......AND LOOK FOR OPPORTUNITIES ....FULFILLING THE CRITERIA OF YOUR STRATEGY:)

    WISH YOU ACQUIRE THE TRADING PSYCHE

    intradaySuRe
    Thankyou for the responses.
    Dear friends I suggest please read every thing mentioned in the post. All strategies are based on intraday time frames & previous day movements of share price. Remember one thing all good & and bad news are reflected in price movements & trading psychology.
    These strategies do not really require any software, what they require is a little study of price movements of 3 days. Based on the previous movements one should be able to predict(understand) the probable movements that may happen on trade day.
    Please paper-trade for few days to get the feel of it.
    I am clarifying certain things as desired.
    1)Suppose TRADE date is 27 june. So you should have figures of 26, 25 & 24 june ie.3 days.
    {open,high,low,close & volume of 26 june} & {close of 25 june(pr.close)} will give figures of probable movements for trade day ie. 27 june.
    For morning 30 min. strategy no need of stop loss as you have to immediately cut your position if it is not favouring you. Remember in intraday if you have a mentality that every position you take will give profits- PLEASE DO NOT DO INTRADAY TRADING. Because first you will have to work on your mentality(trading psychology). Sorry to be harsh, but truth is always harsh.

    2) The 10 yr study data mentioned is to guide you in taking your decisions for entry & exit for both BUY or SHORT SELL positions. for example
    Actual HIGH is higher than R3 3 % times.
    INTERPRETATION- a)If you have bought at base, R1,R2, it is high time you exit your long position of intraday(or at least keep a trailing Stop-loss).
    b) It is highly risky to enter with a buy position above R3
    C) It may be safe to take a short-sell postion above R3 if the share is showing some reversal with SL above the reversal price. Immediately bring down your trailing SL in profitable area if you have got the winning position.

    Similarly you can now interpret other findings of the study.

    PLEASE REMEMBER GREED & FEAR ARE THE GREATEST ENEMIES OF DAY TRADERS.
    IT IS NOT MONEY BUT THE SKILL & TRADING PSYCHOLOGY YOU HAVE TO ACQUIRE - because money will follow once you master the two.
    bye.........as and when i get time we will discuss other strategies.
    STRATEGIES ( FORMULAE ) FOR INTRADAY TRADING
    by..intradaySuRe.

    The intraday movements of share prices are generally governed by Support & Resistance levels. The intraday volume, OPEN, HIGH, LOW, CLOSE & previous CLOSE prices are very important & one should track these prices daily. Previous data of 3 to 5 days is what is to be maintained or tracked. And the intraday data prior to the trading day is important.

    OPEN ( O ) : The opening price for the particular day.
    HIGH ( H ) : The highest price for the particular day.
    LOW ( L ) : The lowest price for the particular day.
    CLOSE ( C ) : The closing price for the particular day.

    We can calculate the support & resistance levels for the next trading day with the help of above prices. The basic formula to calculate the various support(S1,S2,S3) & resistance ( R1,R2,R3 ) levels is as follows :-

    Support & Resistance Levels

    R3 = H + 2 * ( B L )

    R2 = B + ( H L ) or B + ( R1 S1 )

    R1 = ( B * 2 ) L

    BASE = B = ( H + L + C ) / 3

    S1 = ( B * 2 ) - H

    S2 = B ( H L ) or B ( R1 S1 )

    S3 = L { 2 * ( H B ) }

    Mostly traders worldwide use above formula of Support & Resistance both for intraday trading as well as Delivery based trading. The general intraday interpretation of these levels (also called as PIVOT POINTS ) is if the Share price(or market) is above the BASE one should take a Long ( i.e. Buy ) position with target of exiting (Selling) at R1, R2, R3 levels. Similarly if the Share price (or market ) is below the BASE one should take a Short ( i.e. Sell ) position with the target of exiting ( Buying ) at S1, S2, S3 levels.

    YOU have to understand one more important aspect of these levels. As the price moves from one level to other the immediate lower level becomes support & immediate upper level becomes resistance. Suppose the price is above R1 than R1 becomes immediate support & R2 becomes immediate resistance of the price movement.

    Before understanding the different Strategies, we will take a look at the results of a very long term study of more than 10 yrs.

    Actual LOW is lower than S1.......... 43 % times.
    Actual HIGH is higher than R1......... 43 % times.

    Actual LOW is lower than S2......... 17 % times.
    Actual HIGH is higher than R2......... 17 % times.

    Actual LOW is lower than S3......... 3 % times.
    Actual HIGH is higher than R3........ 3 % times.

    Now just apply your mind to interpret the findings of above study to help you decide ENTRY & EXIT points for your BUY or SELL positions.

    THIS FORMS THE BASIS OF YOUR UNDERSTANDING THE MARKET & INTERPRETTING IT BETTER & ALSO GRASPING MY DIFFERENT STRATEGIES.

    POWER OF 3 :-
    As a trader always remember 3 is a very important number.
    3 sec., 3 min., 3 hrs, 3 days, 3 months , 30 % etc. and so on.

    Some basics for a novice trader :
    Intraday as the term itself is self explanatory is the position you take and clear on the same trading day.
    As a general understanding of trading people feel that they have to first buy something to sell it later at profit.
    But in intraday trading you can SELL a share even if you dont have it with you. This is termed as SHORT SELL. i.e.: You sell suppose 100 XYZ share @ Rs. 250 , here if the price comes down to say 220 and you buy back the 100 XYZ shares. Your transaction is complete. 250-220=30. And 30*100=3000 Rs is your profit.
    i.e.: Short sell is exactly opposite of the buy first and sell later transaction.
    SHORT SELL transaction has to be compulsorily completed by buying back the equivalent no. of shares on the same trading day.

    General but IMPORTANT for all :
    REMEMBER INTRADAY TRADING IS A MINDGAME. There are many strategies one can apply to make profits daily in intraday trading as per my experience, observations & understanding. These strategies have been categorized or you can say designed on the basis of different TRADE TIMES, SITUATIONS, MARKETS, & SHARES. As discussed Mostly traders worldwide use above formula of Support & Resistance both for intraday trading as well as Delivery based trading short term & long term. So my advice would be to refer the support & resistance levels along with the various recommended strategies by me.
    Although one can apply different strategies for different trades, I would suggest traders to select one strategy, which they are comfortable with, as per the mindset, personality & risk taking capacity.( i.e.: either BUYING strategy or SHORT SELLING strategy. A simple reason is that you cannot be two persons at one time, or you cannot have two views at a time.) Once you master one strategy, you can practice another and apply. YOU can also make profits forever by sticking to one strategy forever.
    A little study or homework is compulsory to be successful and self sufficient, independent trader.
    DIFFERENT TRADING STRATEGIES :-

    We can categorize or divide our strategies as per different time frames & situations for better understanding.

    1. MORNING 30-MINUTES STRATEGY.
    2. TRADES AFTER MORNING TRADES.
    3. TRADES DURING QUARTERLY RESULTS.
    4. GAP OPENINGS OF MARKET.


    * MORNING 30-MINUTES STRATEGY *

    This strategy is based on understanding the moves of the BROKER. ( sentiments )
    If you track the Close price you will wonder the Open price of the trade day is not always the same as that of the previous days Close price. It is because the major brokers (BIG TRADERS) according to the sentiments lay a trap in which small traders get trapped and run into losses. If we understand the brokers mind we can make profits 90 % times in normal market in the first 3 to 30 minutes of trading.( Remember you should close your positions in this time frame )

    Take the following figures and trade plan with you on the basis of calculations given below. We will call it Brokers Strategy ( BS )

    Difference between HIGH & LOW of previous day i.e.: D = ( H L )

    Now BS = D / 3

    BUY PRICE = ( Pr. Close BS )

    SELL PRICE = ( Pr. Close + BS )

    For understanding the BS one should understand the following..
    STRONG SHARE or STRONG CLOSE (close price is higher than previous close) &
    WEAK SHARE or WEAK CLOSE ( close price is lower than previous close )
    Now on the basis of above calculations you are ready with the figures i.e.: BUY PRICE, Pr. CLOSE & SELL PRICE of STRONG SHARE & WEAK SHARE separately.

    Now on trade day if STRONG share opens anywhere between Pr. Close & BUY PRICE you can BUY first & keep for sell @ SELL PRICE as your target.
    The Trap :- As the broker opens the share at a price lower than Pr. Close one gets the feeling as if the share has become weak and sells it, thus falling in the trap.

    On trade day if WEAK share opens at or above SELL PRICE you can SELL first & buy later @ BUY PRICE as your target.
    The Trap :- As the broker opens the share at a higher price than the Pr. Close one gets the feeling that the share has become strong and buys it thus falling in the trap.

    Note : For this strategy choose shares with high volume & less volatility. Avoid operator driven stocks. This strategy requires you to be very fast in taking decisions and accordingly positions. Furthermore One should compulsorily come out or close the position in the mentioned time frame. Life is not that easy and if you find that your position was wrong immediately square it ( close it)

    Note :- The BUY PRICE as per above calculation is approximately S1
    & The SELL PRICE as per above calculation is approximately R1


    * Some more morning strategies :.
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