Best way of day trading - 2652 theory of trading

[bandlab2]

sachin , rahul, bandlab
you have made a big mistake here

when our first stop loss hit
thw new low was was 2738.05 ( futures nse website values )
now here you should have modified your buy orders to
2738.05 + 46 ( ramge factor around )
which is 2784 around
which you all didnt do . a great mistake .
nifty hit buy order , went beyond enhanced target up to 2828 levels
now here was aprofitable trade and this should have ended the day in nifty .

be careful next time .

dhiraj

hmmm. we missed it. does same rule apply when first trade hit target ? today i did 2nd leg in opposite direction with same 10:15/10:35 values even though 1st leg resulted in profits !!!

 

[sunitas]

hi Dhiraj ,

Your theory tested pratically on 2 stocks and it worked, but will like to know about the timmings. As such i cant get those buy n sell triggers clicks at 10:15 and till 10:45 on 2 days BUT was clicked on these 2 days later on will i continue trading like that or wot u advise on it pls.

thnx n regs,

sunita

 

[bandlab2]

sachin , rahul, bandlab
you have made a big mistake here

when our first stop loss hit
thw new low was was 2738.05 ( futures nse website values )
now here you should have modified your buy orders to
2738.05 + 46 ( ramge factor around )
which is 2784 around
which you all didnt do . a great mistake .
nifty hit buy order , went beyond enhanced target up to 2828 levels
now here was aprofitable trade and this should have ended the day in nifty .

be careful next time .

dhiraj

dhiraj, rang factor 46 is fo initial order. after new low 2738 is entered range factor move to 81.7, so shoul we take new factor or old factor ?

 

[bandlab2]

hi Dhiraj ,

Your theory tested pratically on 2 stocks and it worked, but will like to know about the timmings. As such i cant get those buy n sell triggers clicks at 10:15 and till 10:45 on 2 days BUT was clicked on these 2 days later on will i continue trading like that or wot u advise on it pls.

thnx n regs,

sunita

always have a basket of 5 stocks along with nifty for this method. i prefer reliance, sbi, jinal steel, rel cap, bank nifty.

out of these 6, everyday atleast 5 will trigger trades and 4 will hit target. but do paper trade for a week to gain confidence and avoid mistakes

take 10:15 values. if no trades triggered by 10:35, then take 10:35 values

 

[dhiraj11378]

dhiraj, rang factor 46 is fo initial order. after new low 2738 is entered range factor move to 81.7, so shoul we take new factor or old factor ?

bandlab when first factor ( 46 today for nifty futrs ) had not earned a profit for u how can u got in for the second value .
here ur challenging nifty to be in range of 46 points which had a previous days range of above hundred .
if nifty had failed today to give profits on 46 factor then tmrw definately it would have profits for us .
what i had observed for nifty , that if suppose a paritcular day has a abnormal range of around say 180 to 200 points then there are more chances of nifty hitting stop loss for the next day as our 0.4333 range factor is quite high .( just a observation in case of nifty only ).
so i had wrote in one of my previous posts , that if any one can get 20 day average range for nifty ( futures value) it will help us a lot .
suppose 20 daay average for nifty range is around 100 points and suppose on a particular day we have our first range factor of 46 then we can be almost 80 percent sure that it will break the range factor .
today u all missed a good profitable day in nifty .

dhiraj

 

[dhiraj11378]

hi Dhiraj ,

Your theory tested pratically on 2 stocks and it worked, but will like to know about the timmings. As such i cant get those buy n sell triggers clicks at 10:15 and till 10:45 on 2 days BUT was clicked on these 2 days later on will i continue trading like that or wot u advise on it pls.

thnx n regs,

sunita

sunita welcome to 2652 .
just read bandlabs reply to ur post .act in the same way.all of those stocks earn profit for most of the days .
10.15 to 10.35 is the time for u takke highs and lows
it is not that u cant trade after 10.35 .
some trades trigger at 10.15 to 10.30 but majority after 10.35
but one thing do not make mistakes ,
for every low ( even after 10.35 ) modify ur buy order and for every high modify ur sell orders .

do reply with results here for ur trades only because when a new member ( to this thread ) like u ,visits this thread he should find the confidence of testing it .

dhiraj

 

[sunitas]

hi bandlab2/dhiraj,

thanx for ur reply but would like to know, that if no trades triggered by 10:35 then i need to use 10:35 values and use it any time of the day whether its 1 or 2 or 3 pm yeah.....

And also roughly mention the stock amount.
thnx n regs,

sunita

 

[bandlab2]

bandlab when first factor ( 46 today for nifty futrs ) had not earned a profit for u how can u got in for the second value .
here ur challenging nifty to be in range of 46 points which had a previous days range of above hundred .
if nifty had failed today to give profits on 46 factor then tmrw definately it would have profits for us .
what i had observed for nifty , that if suppose a paritcular day has a abnormal range of around say 180 to 200 points then there are more chances of nifty hitting stop loss for the next day as our 0.4333 range factor is quite high .( just a observation in case of nifty only ).
so i had wrote in one of my previous posts , that if any one can get 20 day average range for nifty ( futures value) it will help us a lot .
suppose 20 daay average for nifty range is around 100 points and suppose on a particular day we have our first range factor of 46 then we can be almost 80 percent sure that it will break the range factor .
today u all missed a good profitable day in nifty .

dhiraj

dhiraj. thanks for the reply. so what about stocks ? there also we keep same range ?

now whats yr comment on the 3rd trade for nifty today ? short sell triggered in last hour and sl hit. here should we take old/new range factor ?

 

[bandlab2]

hi bandlab2/dhiraj,

thanx for ur reply but would like to know, that if no trades triggered by 10:35 then i need to use 10:35 values and use it any time of the day whether its 1 or 2 or 3 pm yeah.....

And also roughly mention the stock amount.
thnx n regs,

sunita

yes you are right. take 10:35 values of hi/lo. you can place order anytime till close as per these (10:35) hi/lo

quantity depends on your money management. initially trade in small lots and increase slowly as u gain confience.

pesonally i aim to get 750 rs in each trade. i aim to take home 3k per day (on an average)

 

[bandlab2]

i think today as per my rule I make first from profit short sell like RELINFRA, DLF, NALCO & I make buy in Grasim, ACC as per my rule
buy when previous day high break, sell when previous day low beak.
Dhiraj Sir, we can make this the great formula of earning consistantly may u help me
or like sunil sir, bandal sir can make good working on this to improve it.
I would he highly obliged for response.

hi sarlamonu1980,

i would suggest you start a new thead on this, explain it well and give examles. paper trade for a week or so with nifty as real values so that others can nestand/appreciate the method. finally backtest with 2 or 3 months data and publish the results. define clear exit stratgy (target/stoploss)