Best way of day trading - 2652 theory of trading
- Thread starter dhiraj11378
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Traded Today, Rel, RelInfra, RelCap, Sbin (Initially hit SL, triggered again and hit extended targt) . All traders in profit today.
Missed the bus in Nifty, ABB, ONGC
Missed the bus in Nifty, ABB, ONGC
missed reliance today
had two trades , nifty and reliance both single way profits ( futures )
was a bit busy in betwn .
any querries jhaveri bhai
dhiraj
sasi , here there is always confusion of hghs and lows
i found this method useful after using nse wesite values ( high ald lows ) in cash .
here when i posted it some members found that if we use higs and lows of charts then also its works fine .
so what i suggest that u keep ur source constant for all trading days .
here there will be on rare ocassions that if one person trading with charts values will be in profit and one with wrong tick values will be in loss .
but one day it allso will be just opposite .
in nifty i always wait for sunils numbers but today i missed him so i went with rahuls numbers .( wrong tick numbers )
this should not be done .
paper trade with both the values for month ( for new members ) using both chart values and wrong tick values .
go in for the values which will be more profitable .
dhiraj
i found this method useful after using nse wesite values ( high ald lows ) in cash .
here when i posted it some members found that if we use higs and lows of charts then also its works fine .
so what i suggest that u keep ur source constant for all trading days .
here there will be on rare ocassions that if one person trading with charts values will be in profit and one with wrong tick values will be in loss .
but one day it allso will be just opposite .
in nifty i always wait for sunils numbers but today i missed him so i went with rahuls numbers .( wrong tick numbers )
this should not be done .
paper trade with both the values for month ( for new members ) using both chart values and wrong tick values .
go in for the values which will be more profitable .
dhiraj
Dhiraj Bhai
from start i am only using market watch wrong tick numbers
and it works for me , as you said find a data source and paper trade it and then follow only that source, i am following the same source
in stocks also i follow wrong tick high lows and it works
today all stocks hit their target on 7 trades which i paper traded
6 hit the target @ 1st time and only 1 ICICI Bank hit SL but again it got trig and hit the enhanced target
thanks
from start i am only using market watch wrong tick numbers
and it works for me , as you said find a data source and paper trade it and then follow only that source, i am following the same source
in stocks also i follow wrong tick high lows and it works
today all stocks hit their target on 7 trades which i paper traded
6 hit the target @ 1st time and only 1 ICICI Bank hit SL but again it got trig and hit the enhanced target
thanks
Here are the details ....
Sell RIL @ 1285 , Target done @ 1279
Sell L & T @ 673 , target done @ 699.84
Sell ICICI Bank @ 401 SL 405 Target 399
1st it hit SL then again it got trig and hit the enhanced target of 398
Sell Axis Bank @ 419.85 Targte done @ 417.75
Sell ABAN @ 478.40 target done @ 476.01
Sell Nifty @ 2787 target done @ 2773
I traded nifty while did the other on paper
Sell RIL @ 1285 , Target done @ 1279
Sell L & T @ 673 , target done @ 699.84
Sell ICICI Bank @ 401 SL 405 Target 399
1st it hit SL then again it got trig and hit the enhanced target of 398
Sell Axis Bank @ 419.85 Targte done @ 417.75
Sell ABAN @ 478.40 target done @ 476.01
Sell Nifty @ 2787 target done @ 2773
I traded nifty while did the other on paper
for me ril, nifty, sbi hit target. i didnt try others as i was busy
this method works really well and we need to do more trades each day to get more benefit. for that we need to AUTOMATE the process, dont know how but need a system that reads yesterdays hi/lo from nse and read hi/lo at 10:15 and 10:35 (can specify these times) , then excel should be updated for orders. then place real orders as per the data.
guys who are using metastock or amibroker can write a formula to do this whole thing and orders can be placed automatically subject to funds availabilty. best this is to shortlist some 30 nifty stocks and apply this formula
this method works really well and we need to do more trades each day to get more benefit. for that we need to AUTOMATE the process, dont know how but need a system that reads yesterdays hi/lo from nse and read hi/lo at 10:15 and 10:35 (can specify these times) , then excel should be updated for orders. then place real orders as per the data.
guys who are using metastock or amibroker can write a formula to do this whole thing and orders can be placed automatically subject to funds availabilty. best this is to shortlist some 30 nifty stocks and apply this formula
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