Day trading Basics

[manojborle]

DELAYED GAP OPEN SIGNALS

On occasion market will make a very large opening gap up or down.
The gap size will be much larger than usual.
So the market will need to make a considerable move before it can trigger entry on the above described GAP OPEN method.
So comes the DELAYED GAP OPEN method.

DELAYED GAP DOWN OPEN SIGNAL:

1. Gap lower opening : In case of gap lower opening, you will place a buy stop 2 ticks above the low of the previous day. This is similar to the basic GAP OPEN method.

2. If at the end of the first hour of trading, order is not filled then we will examine current price in relation to current day's opening price.

-----> If the current price is higher than the opening price by 2 ticks after the end of the first hour of trading, you will enter the long position at market. Your initial stop loss will be money management stop loss or stop loss several ticks below the low of the day when the order was filled.

-----> if the current price at the end of the first hour is below the opening price, you will enter enter a buy stop 2 ticks above the current day high.

 

[manojborle]

DELAYED GAP OPEN SIGNALS

On occasion market will make a very large opening gap up or down.
The gap size will be much larger than usual.
So the market will need to make a considerable move before it can trigger entry on the above described GAP OPEN method.
So comes the DELAYED GAP OPEN method.

DELAYED GAP DOWN OPEN SIGNAL:

1. Gap lower opening : In case of gap lower opening, you will place a buy stop 2 ticks above the low of the previous day. This is similar to the basic GAP OPEN method.

2. If at the end of the first hour of trading, order is not filled then we will examine current price in relation to current day's opening price.

-----> If the current price is higher than the opening price by 2 ticks after the end of the first hour of trading, you will enter the long position at market. Your initial stop loss will be money management stop loss or stop loss several ticks below the low of the day when the order was filled.

-----> if the current price at the end of the first hour is below the opening price, you will enter enter a buy stop 2 ticks above the current day high.

 

[manojborle]

DELAYED GAP UP SELL :

1. in the event of gap higher open, the initial procedure will bethe same as the original gap method. You will enter a Sell stop 2 ticks below the high of previous day.

2. After the first hour of trading, you will check the market. If the current price is below the opening price, you will sell short at the market using either risk management stop or stop loss several ticks above the current high of the day.

3. if the market is not below the opening price, you will enter a sell stop order two ticks below the then current low of the day.

 

[manojborle]

 

[manojborle]

 

[Xitij]

Is there any thread where Calls are given based on Intraday share rate moves or based on the basics outlined here and elsewhere? My interest was to follow calls provided by someone on regular basis and stay there till profit or loss but till out of the trade!

 

[manojborle]

 

[manojborle]

 

[manojborle]

 

[manojborle]