Dhiraj's Best Way of Day Trading - Discussion

V

V.V.

Active Member
#6
#6
Nifty : -

(As per 10.35 Hi-Lo)
Buy Above : 2820.65
Target : 2834.75
SL : 2792.40

Sell Below : 2763.60
Target : 2749.80
SL : 2791.25
 
Last edited:
M

MS2652

New Member
#8
#8
Why the 2652 thread is closed ??? :confused:


RULES
Code: 
[B]2652 THEORY OF DAY TRADING [/B]
THE MOST IMPORTANT THINGS TO TRACK IN DAY TRADING 
[LIST=1][*]Previous days range (difference in days high and days low) the most important
[*]That days’ high and that days’ low at 10:15 am after the start of markets
[/LIST]

PDR	=	PDH - PDL
F1	=	0.4333 * PDR
F2	=	0.7666 * PDR
F3	=	1.3333 * PDR

Opening Range	=	High – Low (at 10.15 AM)

If 	   F1   >   Opening Range
           Factor 	=	F1
Else If    F2   >   Opening Range
           Factor 	=	F2
Else If    F3   >   Opening Range
           Factor 	=	F3

Buy Stop Order for Long	=	Intraday Low + Factor

Target for Long     	=	Buy Price * 1.005 (0.5 % gain)

Stop for Long		=	Buy Price * 0.99 (1.0 % Loss)

Sell Stop Order for Short=	Intraday High - Factor

Target for Short    	=	Sell Price * 0.005 (0.5 % gain)

Stop for Long		=	Sell Price * 1.005 (1.0 % Loss)
Today all triggers are far away, maybe because of yesterday's big range

Short on ICICIBANK futures hits Stop Loss (first trade loss)

Short triggred on HDFC future, just missed Stop, still on

Short triggered on Infosys, my order did not fill, Stop jumped by almost RS 4, so no trade for me but Target Achieved :mad:

Regards
MS
 
V

V.V.

Active Member
#10
#10
stokinghem said:
hi


friends

JSK

happy to meet again

pl have a look for it system

thanks
Click to expand...

Dear Stokinghem,
Fantastic Job. Thankyou for giving this Amibroker AFL to Post Here. Here I attached Amibroker Nifty Chart (Using your AFL) . But I like to ask one question, why you take 0.65% For Target Value ? (Dhiraj Mentioned 0.5%) .






[ Today as of now Nifty Future High Showing in PIB Market Watch Window 2808.00, But PIB Chart showing High :2796.70 . So this Above Chart also Showing High : 2796.70]


Thanks & Regards
V.V.
 
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