Dhiraj's Best Way of Day Trading - Discussion

hi harsh

thanx for u reply....... u r tradin both miniflow n 60 min, rite..... so brok is chgd everyday till u r in position, rite....... by EOD i meant is there ne use of it in AB...... coz i thought only IEOD is used in AB....... EOD is like bhav copy..... how is it used in AB........



ya rahul

there is no short cut to success...... BTW r u still tradin 2652...... wht r ur experiences..... i hit 1 too often n my capital has diminished considerably...... hence hav stopped using 2652 n for that matter tradin too....... now concentratin on flow method.......

cheers

rahul....
i didnt get yr question properly....well there r two types of data ...one is intraday data (tick by tick data) which we call it IEOD (intraday end of data for the whole day) and second data is EOD (end of data) which particularly gives a single trading day open,high,low,close, (volumn...etc etc) ........yes u can feed both the data into ami....but if u got ieod data then it dosent make sense to feed eod data also...cuz ieod will give u graph for any time frame where as eod will give u just daily graph...u got the difference now
regarding the 2652 method...market is dynamic ...no particular method gives consistent result all the time...and especially this funda applies more on mechanical method....like u know u asked abt filter and all yesterday and my answer to it..its not fixed all the time...varies as market reaches new high/low..e.g filter 15 which works fine for a nifty (flow method)...won't work that smoothly when nifty is 5000....in the same way the factors in 2652 worked before very well but at the moment giving hiccups at this level....that's wt i think...yes u r very right to say that lately we got lot of stop losses and even double stoploss..cuz still i m very much into the system trading it....i do keep my eyes on graph also....need to play this method defensivly....might help u out....

hi harsh

thanx yaar...... now got the point..... crystal clear......... so ieod data is enuf...... soumya's work is awesome....... but the only problem is i hav to download each days data individually....... to do this for years data is quite a task........... is there ne other way or link for this........ regardin no strategy successful at all times..... its true n i learnt it the hard way....... n agree abt filter too...... gotta keep changin........ but i think 60 min n mini flow can work even in long term......... as they r based on trends n pivots....... whats ur say on this.......... i hav just started...... so much to learn abt markets n AB..... how to do backtesting etc....... m really disppointed to know that 60 min is tough to follow with job....... was really lookin forward to it..... will have to work somethin out...... so i presume u r full time trader in futures only, rite....... when u take a swing or positional trade in futures, brokerage is calculated every day till u sq off ur position, rite?........ sorry to post off topic Qs in this thread....... but tried to pm u but couldnt do so....... if u hav ne chat id n would like to add me...... then pm me ur id......... n once again thanx for takin out ur time for answerin my queries........

cheers

ohh dear u just missed the chance to download the data ..i just put the link 8 days back of last 7-8 months ieod future data ...but the link expired yesterday only...its pain taking to upload and now i have run out of my free space....it wont take much time download each day individually i did the same way....it will be fast...forgot abt ami at the moment...cuz for backtesting u need to know method of trading...must be aware abt the rules, concepts ..it cannot be learnt overnight ...start looking the live thread for few days ...and automatically u will start learning by the end of 2-3 months.....at the most..
u start with miniflow first as it suits the apetite of newbies in terms of risk & reward....yes in day trading u need to keep an eye on screen all the time....
regarding the brokerage : it applies only when u sell or buy..not just everyday...i do both futures and cash depending on the method and money management....as u r new lot of questions will arise in yr mind..the best is to give yrself the time to cooly and calmly read the rules, concepts of flowtrading...give watch at real time graph....dont try to press the situation by learning overnight...its not possible...it will take time and give yrself time...there's everyone out there to help u out..
regards
harsh

ohh ohh harsh, seems like u got the wrong impression by my too many Qs........ i m not trying to learn nethin overnite...... n too bad abt the missed chance..... but no problem....... will go day by day........ thanx for ur time......

cheers

Mr. Kharikumaar,

i downloaded ur excel 2652 traderji final but it does not get updated before mkt hours and also at 10.15 hope to hear from u which some solution

regards

Hi I have started using 2652 theory. I want to confirm whether today(10th June 2009) the below Script was failed or not.

RELIANCE INDUSTRIES
----------------------
Prev High: 2291
Prev Low: 2175
Today High:2329 (at 10:15)
Today Low:2286.2 (at 10:15)

So using the 2652 theory I got the below
1.Sell @ 2278.772 with Target of 2267.37814 and Stop Loss 2301.55972
2.Buy @ 2336.378 with target of 2348.05989 and Stol Loss 2313.01422

And today after hiting buy @ 2336 it didnt reach to target of 2348. and Stop Loss trigered at 2313.01

can anyone pls confirm on the above Rel Industries Failure data is correct or not ?

and if the above is correct is this be a sure success for tommorow

Here is some tool. May be you will like it.

http: //intraday.weebly.com/html-tool.html

(remove space after http)

Is this method still working or not is any body using it

Thanks
Mahendar reddy

For benefit of new members, I am uploading the 2652 system's rules with recent modifications.
I am also uploading its excel file, which incorporated all such modifications.



PS: Please go through the document for rules and the home thread here where all illustrations and live examples are given.
The excel file also has guiding comments on its column headings to understand its working.
The main working columns are hidden to save screen space.




Rules document file is attached with post
Excel file to be downloaded from here