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Best way of day trading - 2652 theory of trading

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  #1341  
Old 16th February 2009, 11:18 AM
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Default Re: Best way of day trading - 2652 theory of trading

Nifty Covered @ 2888.05


Thanks,
V.V.


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  #1342  
Old 16th February 2009, 11:20 AM
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Default Re: Best way of day trading - 2652 theory of trading

Sunil Thanks for that handy excel sheet

Just need to confirm one thing that vl this sheet calculate appropriately (with our three factors) considering high & low @ 10.15am. I mean to say which out of the three factor to be used..?

Last edited by tinchu76; 16th February 2009 at 11:33 AM. Reason: incompleted
  #1343  
Old 16th February 2009, 03:39 PM
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Default Re: Best way of day trading - 2652 theory of trading

great going guys.........................keep it up..........................
  #1344  
Old 16th February 2009, 04:16 PM
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Default Re: Best way of day trading - 2652 theory of trading

Nifty :



Today's Nifty Levels:

Buy Above : 2927.15
Target : 2941.75
SL : 2897.90


Sell Below : 2902.55 (Triggered @ 11.15 a.m.)
Target : 2888.05 (Achived @ 11.17 a.m.)
SL : 2931.60


Today's Trade Details :
No.of Trades: 1
Booked Profit : 14.50 Points
Net Profit : (50 * 14.50) = Rs.725 - Rs.110 (Brokerage & Extras (Approx)) = Rs.615


Last 4 Trading Days P/L Details :-
================================
11.02.2009 = 550.00 +
12.02.2009 = 1420.00 -
13.02.2009 = 2135.00 +
16.02.2009 = 615.00 +

Net Profit = Rs.1880.00 (Per Lot)
================================

Regards,
V.V.
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  #1345  
Old 16th February 2009, 05:56 PM
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Default Re: Best way of day trading - 2652 theory of trading

Quote:
Originally Posted by tsunil4u View Post
(replying on behalf of Dhiraj)


Pt. 3 is partially wrong - From 10:35, we start modifying buy & sell trigger levels with every new high & low level....

This process goes on till
our first trade hits target;
or
first trade hits SL/SAR, and second trade hits target;
or
till 3:00pm;

whichever scene comes first in case of that particular scrip which u have taken for trading.


Regarding Pt. 6, it has been mutually decided that either stick to your broker provided market-watch window's levels, or as per charts....
Preference is given to former.

thanks tsunil4u for replying the querry,but as you said my understanding for pt.3 is still not correct.

exp of today. for siemens i had b@235.75 ,tdt.sell@236.55 sl@233. & for short side sell@ 223.54, buy tgt @222.45, sl@224.,

so as per ou as market started falling ,so i should lso revise my both trades or ,let short as it is & only long should be revised.
if possible with example will help more clearly.
  #1346  
Old 16th February 2009, 06:12 PM
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Default Re: Best way of day trading - 2652 theory of trading

Hello

I have been struggling for quite some time (more than 2 years) as a trader.

Last week I started trading using Dhiraj's 2652 System for Scalping.

Imagine, initially I even lost using this very good system

My problem was I did not book the open position at 0.5%

But last 2 sessions, I have put orders to book as soon as the position opens. I have covered the loss I made in first 3 days, due to my mistakes.

Today many traders who are trading this system may not feel nice to book just 0.5% profit, as the markets move easily in one direction giving much more, but remember this kind of movement is not everyday, and we have to take out the 0.5% almost everyday with Dhiraj's 2652 scalping system.

Thankyou very much Dhiraj for your 2652 scalping system.

Regards

MS
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  #1347  
Old 16th February 2009, 06:36 PM
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Default Re: Best way of day trading - 2652 theory of trading

Quote:
Originally Posted by MS2652 View Post
Hello

I have been struggling for quite some time (more than 2 years) as a trader.

Last week I started trading using Dhiraj's 2652 System for Scalping.

Imagine, initially I even lost using this very good system

My problem was I did not book the open position at 0.5%

But last 2 sessions, I have put orders to book as soon as the position opens. I have covered the loss I made in first 3 days, due to my mistakes.

Today many traders who are trading this system may not feel nice to book just 0.5% profit, as the markets move easily in one direction giving much more, but remember this kind of movement is not everyday, and we have to take out the 0.5% almost everyday with Dhiraj's 2652 scalping system.

Thankyou very much Dhiraj for your 2652 scalping system.

Regards

MS

Hi MS,

GREED is dangerous to Traders but in case of Scalpers it is too
dangerous.

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