How to predict next session high and low?

oilman5

Well-Known Member
#2
Hi Dear All

I am new to stock market.
Please guide me how to predict next day High and Low for Intra day trading?
.............................................
after observing/playing /experimenting and later trading successfully over a decade ,still i could not do it,maxm i can predict if price comes on a particular zone again ,it has some chance of move up or down,with some logic understood by me.
But from observation,continuation to up /down= path of least resistance is predictable. The way its breaking imp high, further sustainable upmove (steam left) is guessable.
Similarly an imp low is holding , so support entry is valid now.
But any major fund flow can change this idea like a whirlpool.

..................
some programmed HFT trader may guide u, also ST may have some knowledge .
 

onlinegtrash

Well-Known Member
#3
Its actually 100% easy :)

Just sell every time you see a peak... you are guaranteed to catch the high of the day.

The right question, what's the cost for such strategy?
 

badarivt

Active Member
#5
One reliable method of predicting NIFTY levels (not peak or bottom) is to go in steps of 0.25% of the opening price. I got this method somewhere in this TJ forum
 

casoni

Well-Known Member
#7
As per above image ..

/*De Mark's Range Projection */
/* AFL code by Prakash Shenoi */
rph1=(H+C+2*L)/2-L;
rph2=(2*H+L+C)/2-L;
rph3=(H+L+2*C)/2-L;
rpl1=(H+C+2*L)/2-H;
rpl2=(2*H+L+C)/2-H;
rpl3=(H+L+2*C)/2-H;
rph=IIf((C<O),rph1,IIf((C>O),rph2,IIf((C=O),rph3,0)));
rpl=IIf((C<O),rpl1,IIf((C>O),rpl2,IIf((C=O),rpl3,0)));
Plot(rph,"P_High",4,1);
plot(rpl,"P_Low",5,1);
plot(C,"",3,132);
 

Iron_Man

Active Member
#8
all this will only bring trouble in trading guys. market and market makers do not follow projections for the next day. best is to just use your strategy and do as it say instead of predicting what would be or what could be
 

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