how to find stocks for intraday

#1
hi,can anyone explain strategy to find stocks for intraday trading through metastock or any other site....anyone having experience of MS plug in can share their experience...
 
#2
hi,can anyone explain strategy to find stocks for intraday trading through metastock or any other site....anyone having experience of MS plug in can share their experience...




What you look in a stock for intraday trading ?

1. High volume , high liquidity
2. Hot & Happening sector
3. Trending market
4. Make sure that at whatever price you are entering in a stock, the move is
not over already
. I mean the stock has steam in it.


Keeping all these things in mind look for stocks which fall under these basic rules ,
calculate SL,target ,do basic technical analysis (like support, resistance, overbought, oversold e.t.c) and go for it !

Hope for the best !
 

rajputz

Well-Known Member
#3
Its just a test.

the better thing is you learn the technical analysis of the charts for itnraday or swing purposes here on traderji. to make the furter studies more easy....just check the tips given by advertisers on various sites like valuenotes.com, icicidirect etc. counter check them with you studies and then take the decision. dont work on tips untill you have ur self studied them. its good way to select stocks for intraday.you have the sectors already picked up. all you need to do is refine them on your own study. if you dont find them good based on your study just reject them. also try to analyse the point where the tips goes strongly right. at that point try to note what cnditions met for that movement. it will enhance you skill.

dont just take tips...rather counter check them
 
#4
i m able to find high volume stocks...& can apply macd,rsi,SSO,EMA cross over ...etc to it,.... but i m not able to find SL n target .bcoz finding t normal way takes a lot time...& in tht time , many time trend will be over ....any Short n fast method to calculate ST n target....

currently i m doing is place buy order when all indicator r giving +v signal....n sell if any of indicator is giving SELL signal...many happens is i m selling a lot earlier...so anyways earning profit but ... u can earn more if able to calculate exact Target....

any Short n fast method to calculate ST n target....??????


What you look in a stock for intraday trading ?

1. High volume , high liquidity
2. Hot & Happening sector
3. Trending market
4. Make sure that at whatever price you are entering in a stock, the move is
not over already
. I mean the stock has steam in it.


Keeping all these things in mind look for stocks which fall under these basic rules ,
calculate SL,target ,do basic technical analysis (like support, resistance, overbought, oversold e.t.c) and go for it !

Hope for the best !
 

rajputz

Well-Known Member
#5
i m able to find high volume stocks...& can apply macd,rsi,SSO,EMA cross over ...etc to it,.... but i m not able to find SL n target .bcoz finding t normal way takes a lot time...& in tht time , many time trend will be over ....any Short n fast method to calculate ST n target....

currently i m doing is place buy order when all indicator r giving +v signal....n sell if any of indicator is giving SELL signal...many happens is i m selling a lot earlier...so anyways earning profit but ... u can earn more if able to calculate exact Target....

any Short n fast method to calculate ST n target....??????
I suggest you to regularly use the stop loss for whatever time frame you trade...the reason being that the indian market is very much volatile....indeed the most volatile market where we dont know when the major reversal can occur and all you indicators can go wrong.....however the most setups you see here in traderji are self efficient in stoploss like prides method has its own Stoploss method, camarilla pivots has got its own, 315 also has inbuilt stoploss strategy. you can modify these strategies found in various setups according to you by backtesting them on paper.

IMO you should keep the stoploss based upon you entry point + the total Percentage of your amount you can afford to loos in one trade..
1. The simplest method for SL in my opinion is to keep the trigger at 2-3 points below the last low or above the last high. According to MACD RSI OR STOCHASTIC you can place the stoploss at 2-3 points below the lowest or above the highest candle.
2. Choosing the risk is totally dependent upon you. Some Afford total risk of 1 % on their trade or some even 2-3 Percent. Depends from personality to personality. So you choose yours.

but make sure that either the setup is good enough that SL are not hit frequently or better you keep SL Much Below i.e take higher risk only if the setups is not too good.


And about the target: - what ever setups you create may it be stochastics, rsi or macd has it own exit strategy and that too on right point. the reason you are not getting much profit is because you havent mastered the strategy....try to understand the working of these indicators and you will behave automatically on when to exit from trade and when to not.
 
#6
i m able to find high volume stocks...& can apply macd,rsi,SSO,EMA cross over ...etc to it,.... but i m not able to find SL n target .bcoz finding t normal way takes a lot time...& in tht time , many time trend will be over ....any Short n fast method to calculate ST n target....

currently i m doing is place buy order when all indicator r giving +v signal....n sell if any of indicator is giving SELL signal...many happens is i m selling a lot earlier...so anyways earning profit but ... u can earn more if able to calculate exact Target....

any Short n fast method to calculate ST n target....??????

Hi, can u explain ur setup and strategy?
 
#7
INDICATOR:

EMA 5,20,50 Period
VMA 5 Period
MACD Short Period 12,Long Period 26,EMA Period 9
RSI 10 Period
SSTO K Period 14,D Period 3


BUY:CROSS EMA5 & EMA20 (upward)
EMA20>EMA50
RSI INCREASING OR ABOVE 50
SSTO %K>%D



SELL:CROSS EMA5 & EMA20 (downward) OR CROSS %K & %D (downward) OR %K<%D


Hi, can u explain ur setup and strategy?
 
#8
INDICATOR:

EMA 5,20,50 Period
VMA 5 Period
MACD Short Period 12,Long Period 26,EMA Period 9
RSI 10 Period
SSTO K Period 14,D Period 3


BUY:CROSS EMA5 & EMA20 (upward)
EMA20>EMA50
RSI INCREASING OR ABOVE 50
SSTO %K>%D



SELL:CROSS EMA5 & EMA20 (downward) OR CROSS %K & %D (downward) OR %K<%D

can anyone create metastock indicator for these conditions
 

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