Best way of day trading - 2652 theory of trading

[Sunil]

even today, nity trade resulted in profit. buy at 3118, target at 3134. trade initiated in last 1/2 hr . what happens trade is initiated but neith SL, Target got hit before close ? close the trade by EOD ?

As per my calculations, today's trade for Nifty future, which got triggered, was this:

Long at 3096.25
Stop at 3065.30
0.5% Target = 3111.75

After long trade got initiated, it came down sharply but did not hit SL
then, in the last 30mins, it shot up more than the reqd. target (anyone could see & feel the momentum till the last tic)

 

[jhaveri_n]

As per my calculations, today's trade for Nifty future, which got triggered, was this:

Long at 3096.25
Stop at 3065.30
0.5% Target = 3111.75

After long trade got initiated, it came down sharply but did not hit SL
then, in the last 30mins, it shot up more than the reqd. target (anyone could see & feel the momentum till the last tic)

Hi Sunil, it seems like i have a small problem determining, the correct levels, for me prev day high=3092, prev day low=3023.1 (courtesy nse-india.com), current day high=3090, current day low=3077.25 (data till 10.15)

Which gives me buy call at 3107.83 and a target of 3123.36, not sure where i missed the bus ?

 

[bandlab2]

sunil,

i figured out the cause. at 10:15, as per icharts hi = 3093, lo = 3067, but as per 6paise terminal hi = 3104, lo = 3067, nse data is matching with icharts. so i need to be careful, better to follow nse data

 

[rajeshn2007]

As per my calculations, today's trade for Nifty future, which got triggered, was this:

Long at 3096.25
Stop at 3065.30
0.5% Target = 3111.75

After long trade got initiated, it came down sharply but did not hit SL
then, in the last 30mins, it shot up more than the reqd. target (anyone could see & feel the momentum till the last tic)

hi,
look at the risk-reward ratio. stop loss is 1%, profit is 0.5%.
check it out!
rajesh

 

[Sunil]

sunil,

i figured out the cause. at 10:15, as per icharts hi = 3093, lo = 3067, but as per 6paise terminal hi = 3104, lo = 3067, nse data is matching with icharts. so i need to be careful, better to follow nse data

as we do in our flow methods, stick to chart figures & not to the market watch window.
3104 is right - it was the opening high - but since my charts said high = 3094, i stuck to 3094...

 

[Sunil]

hi,
look at the risk-reward ratio. stop loss is 1%, profit is 0.5%.
check it out!
rajesh

we all know that figure.
the target is in your hands... raise it to 1% or go as per the momentum, when the level comes near during real time trade... u may book partly/half & trail for the balance...
this is what I would do... the author of this theory / setup (Dhiraj) may have a different perspective.
The system may bound us within figures, but keep your mind open & follow the screen, when such levels come.

 

[dhiraj11378]

hi to all
hope some of u r using this method and running in profits.
some answers to querries
do not use highs and lows after 10.45 am , from the start of markets
but one thing if ur at loss in a order then dont fear to double ur amount and slightly increase ur profit margin from 0.5 percent a bit higher
if ur trading this method then after a month u can keep ur own profit margins say 0.8 percent or may be one percent also
look if u have twenty trades and if ur five trades fail then ur five profit trades trades will be wasted in making up for the losses but u can earn on the remaining ten trades .this is incase ur trading with a one percent profit and one percent loss method
but initially i suggest that u must go in for 0.5 percent margin then as u are well adversed with the method then u can keep ur own targets .
happy trading

hi sunil
i think u r doing a great job, am thankful to u for putting up the file please do not delete it.
on 41st post i wrote that one can change the risk reward ratio as an when he wants .one think is that with this method and chart analysis u can extract more juice out of it .
i just want to learn more of charts from u hope u will help me
using this method i love trading reliance .what u suggest on this.

 

[sachinsamani]

HI Dhiraj,
By using this method me trading in Reliance, HDFC Bank,L&T and ABAN. Yesterday profitable trade for all but no trade for HDFC Bank.

Today trade trigerred for HDFC Bank and profit booked.

Regds,

Sachin

 

[dhiraj11378]

HI Dhiraj,
By using this method me trading in Reliance, HDFC Bank,L&T and ABAN. Yesterday profitable trade for all but no trade for HDFC Bank.

Today trade trigerred for HDFC Bank and profit booked.

Regds,

Sachin

great sachin
i do trade with LT, HDFC, HDFC BANK,
do try for rel cap also

 

[sachinsamani]

great sachin
i do trade with LT, HDFC, HDFC BANK,
do try for rel cap also

Sure. Will try from tomorrow.