last hour trading technique

hi,

before plunging into trading i am reading books on ta and trading .

i read in a book that professionals trade in the last hr .

can anyone tell how can a trader make money in last hrs of the market .

also i read ashwani gujaral book was ok but i couldnot understand his technique

thnx

sumit

hey ! where can i get gurjal's book..
is it available on the net

there is no special rule fr last hr of trading as such,,,

Intraday trading on last hour means market must make its maximum move in last hour, otherwise it is not possible to make money. I have not seen market making its maximum move in the last one hour on everyday basis.

Swing trading entry on last hour is possible because a person can analyze price, volume, ta, news, etc. etc. but on next day trade should not go against the position taken otherwise making money is difficult.

In this forum, there are thousands of charts with time, these charts will give you some idea!

Professionals always do not stick to particular time for trading, instead they stick to timing the entry at right place which they analyzed earlier!

dude,

i suggest u read saint's book, "Teach a man to fish" to get a firm foothold on basics of trading and trend trading.
thats the best one..

the benefit of last hour trading is towards the last hour we are quite clear about the TREND of the stock or market. So that after knowing we can make decent entries and even can take trade home to settle it on next day first hour .

Ashwini Gujaral has written 'How to make money trading derivatives - an inside guide' and 'How to make money trading with charts' both which cost about Rs. 300/- rupees each.

I would say its worth money well spent if one can even implement an idea or two after reading the book.

Last hour can be the jerkiest. In the money or near the money options can whipsaw 10-15% either way 3-4 times during this time, and unpredictably too.