Best way of day trading - 2652 theory of trading

[columbus]

           PREVIOUS DAY                   TODAY
    ================= ===========================
    high(Prev    2796 high(1015)    2792 Factor15
    low(Prev)    2730 low.(1015)    2765    0.409

    Range=         66                27

                  BUY Target.1 Stoploss  Target.2

       0.433     2794     2808     2766     2822
       0.766     2816     2830     2787     2844
       1.355     2854     2869     2826     2883

                 SELL
       0.433     2763     2750     2791     2736
       0.766     2741     2728     2769     2714
       1.355     2703     2689     2730     2676

                               High1035     2792     
                               Low1035      2765

Factor15= RANGE AT 1015 OF TODAY/RANGE PREVIOUS DAY

Based on this Factor.15 ,choose values pertaining to 0.433,0.766 or 1.355.

BUY is nothing but Factor15*previous range+low at 1015.

SELL is High at 1015-Factor15*previous range.

Target.1 is just 0.5% above/below BUY/SELL.

Stoploss is 1% above above/below BUY/SELL.


1035 high and low often modify the targets and accordingly
one can modify targets to TARGET.2 which is 1% above/below
BUY/SELL.






COURTESY: Dhiraj

 

[bandlab2]

bandalb
ok if u don't mind can u give ur contact no. or wanna call me

check yr pm

 

[bandlab2]

bandlab2
i have tested it and i have came here not for ur suggestion so please be quite and do urself theory.
If, I can do all the theory than y should I came here, If I know all about software and hardware y will I be need to be here. i.e. the problem of ur guys u wanna to be no.1 but u cannot be no.1 if u understimate anyone like this.

dude, we are all here to help you and thus get ourselves helped. any method that gives money is welcome here. but you need hadwork for that. look at this thread. when hiaj poste his very long initial post, there were few takers here and not much activity was noticed, but he persisted, explaine with examples, then sunil, myself , sohal an few others got convince and eveyone contributed a bit. most credit goes to sunil for backtesting (gave tons of confidence) and excel tool an sohal fo web-base tool that reads data from nse and gives order values.

there is a evolution process for anything. dhiraj invented this and sunil marked it well. similaly you also start a new thread, give ideas, efinitely others will jump in help you. there will be voluntees to do baktesting, develop tools. but to reach that phase yo need to articulate the metho well (like dhiraj did in his initial post here)

once again, i appeciate your intention to share your knwoledge and help others. goo luck

 

[sasi0263]

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[/QUOTE]


Dear Dheeraj,

I am in confusion now for the Nifty trade today. My data for the Trade follows.

Yesterdays H/L : 2830/2728.55
Todays 10.35 H/L: 2792.20/2738.05

Putting these values in Sunil's Exel Sheet, It results

Long @2815.82and
Short @ 2714.43
Please clarify, Where am I wrong?

Thanks

dhiraj[/QUOTE]

 

[dhiraj11378]

           PREVIOUS DAY                   TODAY
    ================= ===========================
    high(Prev    2796 high(1015)    2792 Factor15
    low(Prev)    2730 low.(1015)    2765    0.409

    Range=         66                27

                  BUY Target.1 Stoploss  Target.2

       0.433     2794     2808     2766     2822
       0.766     2816     2830     2787     2844
       1.355     2854     2869     2826     2883

                 SELL
       0.433     2763     2750     2791     2736
       0.766     2741     2728     2769     2714
       1.355     2703     2689     2730     2676

                               High1035     2792     
                               Low1035      2765

Factor15= RANGE AT 1015 OF TODAY/RANGE PREVIOUS DAY

Based on this Factor.15 ,choose values pertaining to 0.433,0.766 or 1.355.

BUY is nothing but Factor15*previous range+low at 1015.

SELL is High at 1015-Factor15*previous range.

Target.1 is just 0.5% above/below BUY/SELL.

Stoploss is 1% above above/below BUY/SELL.


1035 high and low often modify the targets and accordingly
one can modify targets to TARGET.2 which is 1% above/below
BUY/SELL.






hi columbus,
what have u posted ,
where are the previous days range ( not at 10.15 for previous day)
why have u taken 66 as previous days range
am waitng for ur post
bandlab , sachin do comment on this

dhiraj

 

[dhiraj11378]

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

Dear Dheeraj,

I am in confusion now for the Nifty trade today. My data for the Trade follows.

Yesterdays H/L : 2830/2728.55
Todays 10.35 H/L: 2792.20/2738.05

Putting these values in Sunil's Exel Sheet, It results

Long @2815.82and
Short @ 2714.43
Please clarify, Where am I wrong?

Thanks

dhiraj[/QUOTE][/QUOTE]



sasi , ur values as per charts are fine .
ur all calculations are also correct .
but as sachin mentioned there might have been a fault as the chrts value for low was much lower than the wrong tick value from nse website . this cant happen .
always wrong tick values is less as compared to charts low and high than high of charts .
secondly u went in for second factor (0.7666*101.45)
when 0.433 range factor (0.4333*101.45 =43.96) had not earned a profit of 0.5 percent .

dhiraj

 

[VJAY]

dear dheeraj,
Thanks for a nice method .Please clarify following.
If @10.35 no change in high and low from data of 10.15 then leave orders of short and long as it is?
If after 10.35 ex @11 new low/high made then here need to change our order figure?

Regards
VJAY

 

[faith]

i do these steps everyday at 9:30 am.

download bhavcopy yesterday, filter by top 20 voumes. copy paste scrip, hi, lo to sunil excel

mostly same scrips remain in top 20

now i have maket watch for these 20 in my terminal

at 10:15, export terminal maket watch to excel. copy paste hi/lo at 10:15

now snil excel will calculate order values.

watch the maket fo some time (10, 15 min). if any direction is known, place orders in that iection first. mostly if one stock hits short sell, all others also hit short sell soon (thse are inex heavy stocks)

its tedios, but rewarding

when i copy to excel, i dont do cell to cell, i do it for all 20 at a time since they are in same order (by name)

unfortunately, i ont have price alerts as sunil mentioned

bandlab
Following are the top scrips according to volume today
1 NIFTY
2 DLF
3 RNRL
4 RENUKA
5 SUZLON
6 UNITECH
7 RPL
8 NTPC
9 SAIL
10 POLARIS
11 JPASSOCIAT
12 GVKPIL
13 CHAMBALFERT
14 RCOM
15 HDIL
16 RELIANCE
17 HINDALCO
18 ICICIBANK
19 BALRAMCHIN
20 IFCI

Please find attached exl. sheet of tsunil with High and Low of 3/2/2009.
The data is taken from my software so please recheck.
I am using Trade Tiger ,can any one tell me how to export terminal market watch to excel.
thanks bandlab for making it easier
faith

 

[dhiraj11378]

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 ?

bandlab ,
today in nifty second trade was a profitable trade with an extended target .
it broke 0.433 factor range plus it earned a profit .
so as per the theory there should have been no third trade .

today nifty sell was at 2748 here 46 range ( 0.4333 facotr was broken )
it went below to 2738 nut had not earned profit , then sl hit at around 2775
the trade was a loss trade .
a new low was made
so modified order would have been 2738+46 for buy on the other side and sell would was the same at 2748 .

today 10.15 high was 2794 and low was 2765 around

so we consider the range 46 was just broken
now if the high was 2794 and low was 2738 at 10.1 5 and LTP is 2750
then the range at 10.15 is 2794-2738= 56
which is less then 0.433 factor plus the profit of 0.5 percent
46+ 14 = 60 points
here when CURRENT PRICE IS 2750 u u should sell it at 2748 , because it has every change of going to 2748-14=2734 levels to gain a profit

it low was 2733 and high was 2794
then comes in second factor value ad the first factor is broken with a profit .

this applies to all stocks
timely u must modify ur buy orders and sell orders as new low and new highs are made respectively.
dhiraj

 

[columbus]

hi columbus,
what have u posted ,
where are the previous days range ( not at 10.15 for previous day)
why have u taken 66 as previous days range
am waitng for ur post
bandlab , sachin do comment on this

dhiraj

This is only an example ,(which I should have mentioned in my post)
detailing the methodology once again.