Intraday trading strategies (formulae)

trillian · #31 28th July 2008, 05:01 PM

Quote:

Originally Posted by intradaysure

* Some more morning strategies :……………….

A ) SHORT SELL :- ( sell first & buy later )

OPEN & HIGH IS SAME….
Sell just below HIGH price if it is not breaking the high price for 3 minutes.

Example : If O-H is 110 sell @ 109 with a SL ( stop loss ) just above HIGH.
Best results are observed if :-
a) Market is Bearish ( weak )
b) O-H rate is near or above SELL PRICE i.e.: ( pr. Close + BS )
c) O-H rate is @ or near R1, R2, R3
d) Share price has gained 10-30% in previous 1-3 trade days.
e) Weak share but O-H rate is @ or near R1, R2, R3

B ) BUYING :- ( buy first & sell later )

1. OPEN & LOW IS SAME……..
Buy just above LOW price if it is not breaking the low price for 3 minutes. Example : If O-L is 100 buy @ 101 with SL ( stop loss ) just below LOW.
Best results are observed if :-
a) Market is Bullish ( strong )
b) Pr. Close is Strong ( i.e.: it is a strong share )
c) O-L is near or below Pr. Close
d) O-L rate is near or below BUY price or @ S1, S2, S3

2. STRONG SHARE :- ( i.e.: strong close pr. day )

BUY if :-…………..
a) OPEN is @ BUY price.
b) OPEN is same as pr. Close.
c) OPEN & LOW is same, as discussed above.
d) OPEN is just above pr. Close but far below SELL price.

Best results if market is bullish. Keep the target of getting out @ SELL price, or @ R1, R2, R3 if it is showing strength & volume is more than pr. Day.

PLEASE REMEMBER : 1) AS A INTRADAY TRADER YOU SHOULD NOT FIGHT WITH THE MARKET. BE READY TO ACCEPT A SMALL DEFEAT RATHER THAN MAKING IT A BIG FAILURE.
2) IT IS NOT A EASY GAME. UNDERSTAND IT . ALWAYS ANALISE SUCCESS & FAILURE FOR EVERY POSITION YOU TAKE.
3) Select a strategy. Do the homework before trading for that strategy only. Don't mix other strategy with it. PAPER-TRADE.for few days sincerely(the more time you take the better)......than start with small qty. for a period of say a month(do not overtrade your limits).......once your success for your strategy is 70-80%.........than increase qty in steps again. .....DO NOT OVER RISK.......YOU CANNOT CHANGE THE MARKET ....ALL YOU CAN CHANGE IS YOURSELF......TOWARDS SUCCESS.
4) Once you get the feel of price movements , how and why they happen....then YOU may take additional guidance of any softwares (NOT MANDATORY)
5) YOU CAN MAKE MONEY BY STICKING TO ONE STRATEGY FOREVER ALSO.......NEWER FORGET THIS.........SO.......JUST KEEP A AIM TO MASTER ONE STRATEGY.......AND LOOK FOR OPPORTUNITIES ....FULFILLING THE CRITERIA OF YOUR STRATEGY

WISH YOU ACQUIRE THE TRADING PSYCHE

intradaySuRe

It will be great and useful for novice like me if you explain the following strategy with an real time scenario that i.e explain with an particular day price of an share..

it will useful for a novice person like me who is entering intraday i.e day trade..

kunaljs99 · #32 31st July 2008, 09:02 AM

thanks for such great sharing

rmike · #33 2nd August 2008, 09:05 PM

Thanks for sharing your thoughts.

In case of gap openings, wait at least half an hour to see if the gap fills or not and then trade.

Tip - Gaps are early market hours phenomemon generally. Favourite trick of market makers, gap up a weak share to trap buyers and gun shorts stops. gap down a strong market to gun longs stops. If a market had a strong performance the previous day, the market makers will gap it up on low volumes so that you have to pay more to buy. They will be selling to buyers till the price is driven down by their selling and until stoplosses are gunned, and then they will buy back from the same buyers thereby profiting from the spread. Same philosophy in reverse for a market which had a weak performance the previous day. All in a days work of profiting from spreads.

Gaps in the middle of an uptrend could be continuation or exhaustion gaps, therefore the wait. Same for downtrend.

Regards,

sark5806 · #34 4th August 2008, 12:16 AM

This is really interesting...Thanks a lot buddy!

SARANGSMHASKAR · #35 31st August 2008, 02:56 AM

hi that was really a magnificient explanation. could you be more elaborate on different trade situations and other strategies? i m sure that will help a lot

rmike · #36 31st August 2008, 02:30 PM

Dear SARANGSMHASKAR,

Since we are on the subject of gaps. If you find a weak gap down on any timeframe followed by an outside upbar with the volumes rising, you are looking at a nice little upmove. Shows that the traders have jumped in after market makers to seize the opportunity to buy low.

Regards,

Ketan Gada · #37 1st September 2008, 06:40 PM

Hello this is Ketan

vineettyagi1983 · #38 2nd September 2008, 10:39 AM

i want to know that how to study the graph of nifty and the level of nifty

vineet

rmike · #39 3rd September 2008, 02:16 PM

Quote:

Originally Posted by Ketan Gada

Hello this is Ketan

Quote:

Originally Posted by vineettyagi1983

i want to know that how to study the graph of nifty and the level of nifty

vineet

Welcome to the forum, but let's have less of these ' I came, I saw and I posted in the first thread I happened to come across'. Do take the effort to look around and post in the relevant threads to your pertinent queries or making your presence felt to the world at large. The disregard to relevance and the lack of effort to abide by the general forum rules and courtesies indicates disrespect and is a bit off putting, to say the least!

Dear Mods, am I right!?

Regards,

akul · #40 4th September 2008, 05:23 PM

sir,
superb post n this threa should lead the front.
super tehniques described in simple manner
just keep this thread alive.

The Following 3 Users Say Thank You to trillian For This Useful Post:
akul (4th September 2008), URLUCKY (31st August 2008), vpsarathy (28th July 2008)

The Following 3 Users Say Thank You to rmike For This Useful Post:
gsharma_2000 (5th September 2008), mayavi99 (3rd September 2008), uasish (1st September 2008)