Thoughts on Day/Swing Trading

Hello Friends, I am very new to this forum and found that it is full of knowledge in share trading. However, I have searched a lot in the threads but could not find out how we can track stocks for Intraday. I mean how we can identify stocks that can be track or keep an eye for intraday. I am using RT data feeder to import data for amibroker. Can you guys please help me out on how to find out stocks that can be scanned for intraday or the way to find out those stocks.

I would appreciate your help!

Some how i dont think you have searched as much as you should
READ THIS THREAD AGAIN...from the begining.

thank you for the useful diagram

Thanks Avad...Its a long thread Bro I would appreciate if you can brief me the thread no. pls.

Yaar long thread hai toh kya hua? Listen yaar tereko koi bhi baithe bithai koi method nahi dega..agar diya bhi to tu usko samaj nahi payega. Sirf blindly trade karega.

I have hardbound copies of whole 5-6threads on this forums which i found would help me.

In the long run it will be detrimental for you if you dont understand the method you are trading as when the market conditions change(and believe me they will) you wont be able to adjust.

There are a few thread started by experienced people who can help you.

A few names are----ST, AW10, Aditya,TP,PRide,Swingking ,Uttamkamlesh,SG,Eagleone and many more. Search the threads started by these people....

Chose which method you wanna trade and then understand that and then start to trade using a very low capital...abt 2-3 thousand for abt a month.. Get to know how losses affect your mind....get to know how winners affect your mind..learn the pros and cons of each method.

how much time will it take??? A few years....a few months...a few days....no one knows.It depends upon your will power and eagerness to learn.

And finally focus more on doing good trades....money will follow.

AND ANYTIME SOMEONE TELLS YOU YOU ARE WASTING YOUR TIME STUDYING ALL THESE THINGS(AGAIN BELIEVE ME WHEN I SAY PEOPLE WILL TELL YOU) JUST IGNORE THEM AND CONTINUE YOUR DISTINGUISHED PATH.

Huge gap between NF and its VWAP ( BNF as well )

So unless NF bridges that gap in the next 20 min, there will be a squeeze at the end of all shorts and we will go higher.
Plus its the weekend so a lot of square offs would happen

NF-4847
VWAP-4815
Diff - 32.

Diff was 50 at around 2.30 pm.
Let's see what happens?

You missed the best of all... TRADER SAINT (aka Saint)... :thumb:

Gap larger now. Look like the squeeze is on ....shorts are stuck and will square off , giving longs those last drops.

I wanted you to have a look at a chart (im not able to attach the chart, dont know how to do it on trader ji) but I have uploaded the file heres the link - http://www.4shared.com/photo/G8KzPCk1/hindalco.html
. It's a 5 min chart of Hindalco, please see if my entry and exit were correct? How would you have traded this chart, please if possible show us the SL and where you would have put your tsl and exit.

Another question that comes to my mind is should i have exited the moment it went like a rupee up ( was having decent profits at that point) and should not have waited for it to make another pivot high, in this case it came down instead of making a high and took my SL.

One last question - when you are trading in the direction of the higher timeframe chart (30 min) and you see an oppurtunity to short on the 5 min, but the stochastics on the 5 min are below 20 already whereas the stoch on the 30 min is somewhere between 20 and 30, would you still go ahead and short?

Sorry if I have sent too many questions ur way...