Daily calls based on buy previous day high short sell previous day low

jagankris

Well-Known Member
Dear friends

I used this strategy and traded for 10 days it is not consistent profit making method.my account washed out.I used in equity margin intra day trading.

After that I followed camarilla pivot method it also not consistent. But some guys telling these method making good returns.in reality it fails.

Below methods are i used for intra day.
1.dhiraj 2652
2.camarilla
3.Orb
4.buy on pre.day high and sell on pre.day low
5.gann square
Among all these using method I lost rs.370000. But I feel using gann square is good than others.using gann I break even in one month trading.I got only rs.525 as profit after brokerage(18525earned 18000 brokerage because lot of failed trades).
Almost I am dispointed.

I am also looking for good strategy.

Have a nice day.
Regards

Mmohanar
Dear Manohar,

Stop trading now.Take a break.
Don't press yourself too much to recover the losses immediately.
It will create more losses.

Why you allowed yourself trading till you made loss of 3.7 lakhs ?
Find a discount broker - flat brokerage.
Why you didn't stop trading after say 10% or 35K and look back your trading mistakes.

Now create a trading plan.Paper trade for 3 months.

ORB,PDH,PDL breakouts are excellent trading opportunities.

Can you explain your trading logic for ORB and Trading Previous day High,low breakouts ?
Your entry stop and take profit.
If Stop hit re entry etc.

Plan the trades,practice and then go live.

All the best.
 
Dear jagankris

Thanks for your response.

ORB method how I used in intra day I explain you.

Timeframe: 15 and 30mins both I tried

Take the high low of 9.30am

When high beaks buy when low breaks sell

Target: 1% from high

Stoploss : low of the 15min range.

Same apply to short.

This is the system I followed.

And the same procedure I followed to

pre.day high and low breaks.


Regards

Mmohanar
 

narangji

Well-Known Member
as from here a month ago read a thread of sarlamonu

FOR INTRADAY TRADING
BUY ON TRADING DAY IF STOCKS BREAKS IT'S PREVIOUS DAY HIGH
SHORT THE STOCK IF STOCKS BREAKS PREVIOUS DAY LOW

THEN THE THREAD DISAPPEAR WHERE THREAD GONE AS I AM DOING
VERY SUCCESSFULLY FROM THIS METHOD

I REALLY COVER MY HUGE LOSS IN INTRADAY DOING DOING ON TIPS

BUT THIS METHOD REALLY IS THE EASTIEST POWERFULL METHOD FOR
INTRADAY TRADING

CAN ANY ONE TELL WHERE THIS THREAD GONE

SIMPLE DAY TRADING (NO CHART)

Back in days of no software, my father only used to work pivots based on day open , day close day high and low.
 
as from here a month ago read a thread of sarlamonu

FOR INTRADAY TRADING
BUY ON TRADING DAY IF STOCKS BREAKS IT'S PREVIOUS DAY HIGH
SHORT THE STOCK IF STOCKS BREAKS PREVIOUS DAY LOW

THEN THE THREAD DISAPPEAR WHERE THREAD GONE AS I AM DOING
VERY SUCCESSFULLY FROM THIS METHOD

I REALLY COVER MY HUGE LOSS IN INTRADAY DOING DOING ON TIPS

BUT THIS METHOD REALLY IS THE EASTIEST POWERFULL METHOD FOR
INTRADAY TRADING

CAN ANY ONE TELL WHERE THIS THREAD GONE

SIMPLE DAY TRADING (NO CHART)
I also started tarding in the same way but the problem is if i take x stock

PDay high-104.50 I put buy order at 105.50 it hit 105.80 and then it reverses back so what should we do because if we wait for candle to close above PD high thenprice are very high then pday high

Problem occur with this spikes which doesnt last i use 5min charts
 

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