Intraday Scalping Strategy

[rangarajan]

I have been following the following strategy for the past Two years with 95% success.
Strategy:
Note the First one Hour(9.15-10.0) High & Low.
Whenever the stock breaks/breach the First Hr High/Low,enter the trade with the target min 127% of the range.This is a Fibonacci ratio aswell.
If by any chance,the Tgt is not achieved,it could be rest assured 90% of the times that next day or max within three days,it would be achieved.
I have tried it ONLY in CASH in reasonably High Vol shares.

It is a Layman's strategy with NO Rocket science & tension.

If anyone has already brought this in this Forum,i may be excused as i am not aware of it.

 

[prabhsingh]

I have been following the following strategy for the past Two years with 95% success.
Strategy:
Note the First one Hour(9.15-10.0) High & Low.
Whenever the stock breaks/breach the First Hr High/Low,enter the trade with the target min 127% of the range.This is a Fibonacci ratio aswell.
If by any chance,the Tgt is not achieved,it could be rest assured 90% of the times that next day or max within three days,it would be achieved.
I have tried it ONLY in CASH.

It is a Layman's strategy with NO Rocket science & tension.

If anyone has already brought this in this Forum,i may be excused as i am not aware of it.

When you say it breaks/breach First Hr High/Low,do you mean High/Low of previous day?What will happen after 10:00?Please Elaborate with e.g.Thx

 

[rangarajan]

When you say it breaks/breach First Hr High/Low,do you mean High/Low of previous day?What will happen after 10:00?Please Elaborate with e.g.Thx

No.Current day.
Suppose,today at 10.00,H/L -100/90
If 100 is broken,tgt is 102.7 minimum.
If 90 is breached,87.3 min.
Beyond,apply Fibonacci.

 

[timepass]

Can you tell us about some of the past trades (backtest) as well as follow this up for a few days... Thanks.

 

[rangarajan]

Can you tell us about some of the past trades (backtest) as well as follow this up for a few days... Thanks.

timepass.a lawyer by profession! Always relies on evidence.
O.K.I will post what i trade.
But easy to back test from chart itself.

 

[guruvenkatesh2007]

hi dear rangarajan,

After 10am, good volume means ... above 2lakh or 5lakh or 10lakh... can u pls tell me....

******

(hi sir, can we do intraday as fulltime job and we earn monthly basis regularly..???? pls mail to my id sir.. guruvenkatesh2007(at)gmail.com) i want to know about intraday day trading..)

thanks in advance

 

[rangarajan]

Can you tell us about some of the past trades (backtest) as well as follow this up for a few days... Thanks.

traded adani,Hcltech,Tatasteel,
Now open Aban

 

[rangarajan]

hi dear rangarajan,

After 10am, good volume means ... above 2lakh or 5lakh or 10lakh... can u pls tell me....

******

(hi sir, can we do intraday as fulltime job and we earn monthly basis regularly..???? pls mail to my id sir.. guruvenkatesh2007(at)gmail.com) i want to know about intraday day trading..)

thanks in advance

Guruji,Trade NIFTY50 SHARES.
Trading for Living-hmm-Pl put yr question to 'SG,Smart,Saint,SH,4Xpip & other Stalwarts.
I am too small a man trading Micro for fun.
I thing Smart had answered elsewhere in Positive PROVIDED u r Technically competent with so many IFS.

 

[rangarajan]

VIP,LT.Both gave profits.
Infact,VIP is good share to trade almost everyday.
If Relcap,breaches Low,it would be powerful.

 

[rangarajan]

tatamotors,Tcs,Mindtree,Ranbaxy I am sure there must have been many other scrips & viewers would have benifitted from this simple strategy.
I will discuss about Aban later