Daytrading

lakhi2001anshul · #31 9th August 2007, 10:54 PM

hi Can u help me Commodity Day Trading

ratinvirgo · #32 4th October 2007, 03:38 AM

Thanks a lot....

munde_77 · #33 6th October 2007, 12:25 PM

Can U Please Tell Me How To Add To The Winning Position? In Day Trading

munde_77 · #34 14th October 2007, 03:20 PM

Quote:

Originally Posted by Nasir

My 2 cents on daytrading.
The reaction time in daytrading is very very short; you need to react fast. If you are using too many indicators and comparing and confirming them, you can not react fast enough. Therefore use just one indicator and understand it thoroughly.
Now, I will outline a trading system ( not mine ) that I have used successfully.
You must trade with the trend. Use 50 period Simple Mov. Avg. to determine trend. If it is sloping upward trade from the long side and vice versa. If it is flat, stay out.
I use 10 and 20 period Expoential Mov. Avg. for entry. Wait for price to move between these avg., then enter the trade. You can use candlestick to refine your entry. Doji, hammer, piercing pattern for long entries; doji, shooting star and dark cloud cover for short entry. After you have used this technique for about 3 entries, you may want to wait for a larger pullback to the 50 SMA itself and enter the trade there. Quite often the

trend is so strong that it will not pull back to 10-20 zone. That's where I use woodie's CCI pattern called " Zero line reject"; it will put you in the trade if you are not getting the pull back to 10-20 zone.
Check out woodiescciclub.com for explanation of ZLR.
To gain an early entry, you may have to look at classic chart pattern. I have found the rectangle to be the most reliable. You can use breakout from rectangle to get an early edge.
Confine yourself to 2 or 3 markets. It is ideal for index futures. You can use it on some highly liquid stocks with fair volatility.
I hope I have been of some help. If you want to use this system, paper trade it for a while and see if it meets your need; if it does not; well through it out, it didn't cost you anything anyway.
Happy trading,
Nasir

THANKS FOR NICE TIPS BUT DIFFICULT TO UNDERSTAND FOR NEW TRADERS WHO DO NOT UNDERSTAND TECHNICAL ANALYSIS

ggshah · #35 18th October 2007, 05:50 PM

Quote:

Originally Posted by timtomlee

Use combination of Pivot table and slow stochastics for better results.

Regards.

Please share how to calculate slow stochastics using fast stoachstics.
In Amibroker : EMA(StochK(5,3),3) and EMA(EMA(StochK(5,3),3),3) ???

Regards.

Avi_s · #36 3rd January 2008, 02:55 PM

Hello Friends,

Happy new year to all of you,i want to know tht if we caculate pivot point by ppf of any share & the price of same share opens at higher value then the previous close but after that go down frm the pivot point & after some time its again goes in to upward direction then wht we have to do ,buy or sell for day trading ,plz suggest me

mahesh2007 · #37 3rd January 2008, 03:52 PM

Quote:

Originally Posted by Tariq Ali

i found one pivot calculator here :

http://www.deltat1.com/Education/too...ator/index.htm

Is this of any help?

Yet another pivot point system was developed by Tom DeMark, a famous technical analyst and president of Market Studies, Inc. This system uses the following rules:

Condition: Today's Close < Today's Open
Calculation : Today's High + Today's Low + Today's Close + Today's Low = X
Tomorrow's Projections : High = X/2 - Todays' Low and Low = X/2 - Today's High

Condition: Today's Close > Today's Open
Calculation : Today's High + Today's Low + Today's Close + Today's High = X
Tomorrow's Projections : High = X/2 - Todays' Low and Low = X/2 - Today's High

Condition: Today's Close = Today's Open
Calculation : Today's High + Today's Low + Today's Close + Today's Close = X
Tomorrow's Projections : High = X/2 - Todays' Low and Low = X/2 - Today's High

In caclculating X "Today's low " is repeated twise, if it is correct then wouldnt it be better to write 2*Today's Low ;it is more readable.

braja · #38 18th January 2008, 11:49 PM

nice notes. thanx

dr_sreenivas · #39 10th May 2008, 12:39 PM

Yes it is possible to earn Money in daytrading! There are more than 150 studies reg Daytrading! There may be a lot of shoes on ur shelf,but wear only those that fit for u! My favourites are FIBONACCI Retracements,Trendlines,RSI,Patterns! With the help of these one can get more than 90% success!
JessiLivermore have been an Ideal person,a great legend, for DayTrading!
One needs to have 100% DISCIPLINE for daytrading,balancing FEAR & GREED!!!!!!!

sudoku1 · #40 10th May 2008, 01:35 PM

Quote:

Originally Posted by dr_sreenivas

Yes it is possible to earn Money in daytrading! There are more than 150 studies reg Daytrading! There may be a lot of shoes on ur shelf,but wear only those that fit for u! My favourites are FIBONACCI Retracements,Trendlines,RSI,Patterns! With the help of these one can get more than 90% success!
JessiLivermore have been an Ideal person,a great legend, for DayTrading!
One needs to have 100% DISCIPLINE for daytrading,balancing FEAR & GREED!!!!!!!

traders r not comfortable even with 99%.....the great bull runs which make them millioners.....the same bear hugs make them pauper

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