day trading on stocks in trend......

[arindam006]

hi,
i am new in the stock market as well as in the forum.....so have a little knowledge....but this thread is about a new idea of day trading with technical studies....please go through the whole system and give your valuable comments.....

Theme :-
1.the main theme is to go long with a stock which is in daily uptrend and to
go short with the stocks in daily down trend...
2.to use your intraday exposures while trading on a stock.you must be aware
of the trend,support,resistance,brakout etc.
3.and trading on till trend reversal.....

Strategy :-
you can play with your own strategy........the aim is to catch the trend and make your trade a success with you own trading system.....i use something close to pride's trading system in day trading...

Example :-
>for satyam in eod charts......i say a possible uptrend from 4th january....
>from 5th january i just bought at the opening price and sold near the
closing price till 8th.....
>from 5 to 8,it went from 100.50 to 112.80....
>the difference of the highest price of 8th and opening price of 5th was
almost rs.13 and i was able to bag in 7 rupees in 4 days.....
>i have dp account with motilal oswal and i use teir 5times intrday nse
exposer so i made a profit of 7*5=35 rupees per share including all charges
>so i think this is one of the best idea if you can spot the trend and get into
the trade with a perfect timing...

now here comes the difficulty........

Confusions & Queries :-
1.this was one of the first analysis with a little knowledge and also by broker adviced me to buy satyam for short term......so i tried this....if i will apply this system everytime then i will have to catch the trend as quick as possible to minimize the possibilities of loss
2.is it right to go with your exposures???coz i think it aslo maximizes the possibility of huge loss as well as huge profit....
help me please......

Help!!!!:sos::sos:
please help me out in this system.......
i think this is a very common idea and many of you have your own openion on thisone........
post your valuable comments and your suggestions.....
try to make the system better if you approve it.....
and if you dis-approve it then please clarify the reasons......

and if its approved by all of you experienced traders then we will later try to find out trends and make a watchlist of bearsh and bullish stocks for daytrading......

eod chart of satyamcomp is atached herewith.......

 

[arindam006]

i am posting a few stocks' trend for monday 11/01......lets see how proper it goes........

Stocks might be in uptrend:
aban
dlf
unitech


Stocks might be in downtrend:
i took randomly 4-5 stocks and i find three of them are in uptrend(given above).....lets check those first.....have a little time today to find stocks in down trend....we will try with bearish stocks later....let us try this on bullish stocks first

i will try pride's day trading strategy one these three if at the opening of the market i find these three bullish..........let you know about the result tomorrow.....

and please post you valuable openions.....

 

[arindam006]

report of 11/01/2009:clap:
dlf and unitech both are more than 2.5% up
i booked profit at 2.5%*5times=12.5% of the capital.......
aban is still not satisfactory....till now only .38% up........lets see....
i took exit from aban coz both unitech and dlf kept me in good profit..
:clap::clap::clap:

 

[arindam006]

plz i am requesting you all to leave you valuable comment here....
i really need your guidance as i am completelynew and i am not sure of many a thing in the market........
so plz dnt hesitate to leave your comment......
happy trading........

 

[arindam006]

aban also made a high of 2%.....now its lagging but still in +ve conditions......in 15 min charts......:clap::clap::clap:

 

[arindam006]

aban made a high of 2% agani........:clap::clap::clap:

 

[arindam006]

stock picks for tuesday 12/01
bullish
aban
pdeumjeind
geometric


bearish
shriramepc
subex
wipro
reliance

strategy
i have picked the stocks thru this afl -----

x = EMA(Close,5);
y = EMA(Close,13);

Buy=Cross(x,y);
PlotShapes(shapeUpArrow*Buy,colorGreen);
Sell=Cross(y,x);
PlotShapes(shapeDownArrow*Sell,colorRed);
Plot(EMA(Close,5),"",colorBrightGreen,styleLine);
Plot(EMA(Close,13),"",colorRed,styleLine);
AlertIf( Buy, "SOUND C:\\Windows\\Media\\notify.wav", "Audio alert", 2 );
AlertIf( Sell, "SOUND C:\\Windows\\Media\\chord.wav", "Audio alert", 2 );
XR=(EMA(Close,5) * (2 / 6 - 1) - EMA(Close,13) * (2 / 11 - 1)) / (2 / 6 - 2 / 11);
Title = Name() + " " + Date()+" " + EncodeColor( colorBlue ) +"5/13 EMA " +EncodeColor( colorBlack )
+ " O " + O + " H " + H + " L " + L + " C "+ C + "\n";


i found this one for the first time in some traderji thread.......this is a real good one for newbies like me........

and in intraday the entry and exit points are to be fixed upon live charts.....



lets hope for the best for above stocks......