Best way of day trading - 2652 theory of trading

[columbus]

Yes ,there is problem by going by Market Watch alone.For example
according to Marketwatch Nifty Low (before 1015) was 2738 ,but
according to chart it was 2762.

 

[sasi0263]

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]



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[/QUOTE]


Thanks for reply Dheeraj, but I have a query.
Since as per 2nd feb High& Low
0.433*(H-L)= 43.93
0.7666*(H-L)= 77.71
1.355*(H-L)= 137.46

I went for second factor because 3rd Feb 10.35(High-Low) was 54.15, which is more than 43.93 and less than 77.71. Also sunil EXEL sheet follow the same falmula. Please guide me about choosing the factors.

This I have choosen as per ur rules defined for 2652 theory. Please reply. I am confused. Also I do not bother about other values as I always follows chart values.

Thanks

 

[bandlab2]

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

vijay, short answers :

If @10.35 no change in high and low from data of 10.15 then leave orders of short and long as it is?

yes

If after 10.35 ex @11 new low/high made then here need to change our order figure?

no

 

[rahul1983]

please note
2652 rules states that
highs and lows for the trading day should be taken from 10.15 to 10.35 am .
Never take a fresh stock after 10.35 , record highs and lows and put ur buy ans sell orders for that stock.the reason is that stock might have earned a profit for the first range factor in time range of 10.15 to 10.35
but if time is 10.30 and the stock had earned a profit on the first range factor , then take into account the second range factor and put in ur orders ( before 10.35 )

most important for every low made even after 10.35 , modify ur buy orders ( or buy values )
and for every high made modify ur sell order ( or buy value )

if have a profitable trade on sell or buy do not trade in that particular stock or index .strictly no , not even in opposite direction ( traders risk )
if u have a stop loss on one sell side then u must go in for next sell order or on buy side doubling the amount and enhancing the target to 0.8 percent )
mostly the second orders get a profit target .
If suppose second trade also fails ( which is rare case )
do not get bogged down , go in with same double quantity for one more trade in that day with the same tartget of 0.8 percent .
But with profit for the third trade , that day will be reffered as a loss day .
So for next day u must trade with double quantity for a sure profit trade

dhiraj

>>> most important for every low made even after 10.35 , modify ur buy orders ( or buy values )
and for every high made modify ur sell order ( or buy value )


Dhiraj bhai u said in ur rule that we need to take high lows @ 10.15 if by 10.15 no order is trig then we need to take high lows @ 10.35 and that will be the final value till EOD

but now ur saying modify ur sell / buy order for every new high low made ???


plz explain this do we need to modfiy it for every new high / low i thought the values @ 10.35 are final

accordingly yesterday was a loss making making day in nifty so today should be a profit making day ?

 

[sasi0263]

Hi Rahul, I have the same question and much more confused after yesterdays reply by Dheeraj Bhai.

Dheeraj ji please clarify the doubt asked by Rahul.
Thanks

 

[VJAY]

Hi,

Hope all things well with sunilbhai.If anyone know about his health please info here.we all pray god for his early recovery from his illness.

VJAY

 

[dhinakar113]

Good Morning friends. Wish you a profitable trading day.

 

[rahul1983]

Nifty Fut Buy @ 2828

Sell @ 2778 ????

 

[pleaseharsh]

>>> most important for every low made even after 10.35 , modify ur buy orders ( or buy values )
and for every high made modify ur sell order ( or buy value )


Dhiraj bhai u said in ur rule that we need to take high lows @ 10.15 if by 10.15 no order is trig then we need to take high lows @ 10.35 and that will be the final value till EOD

but now ur saying modify ur sell / buy order for every new high low made ???


plz explain this do we need to modfiy it for every new high / low i thought the values @ 10.35 are final

accordingly yesterday was a loss making making day in nifty so today should be a profit making day ?

ok..let me answer this ...if wrong dhiraj please let us know...

1) just get the high/low @ 10.15 along with prev day high/low and get the buy/sell/sl
if till 10.35 order/trade is not triggered either buy or sell ..immediately focus to find high/low from 10.15 to 10.35 ....if the stock has made any high/low between 10.15 upto 10.35 & if trade is not triggered as per the 10.15 level
upto 10.35 then record the high/low into excel sheet under 'current day 10.35 column' + enter this level into calculator along with prev day high/low to get modified buy/sell level ready..
2)if trade is triggered as per 10.15 level (i.e if trade is triggered between 10.15 upto 10.35) and target achieved ...mark 'yes' under excel column as 'Yes' under 'initial order executed field'
3) dhiraj is saying dont take fresh stock after 10.35 cuz it is possible that the target may got have achieved or sl hit as per 10.15 level....
4) for existing order after 10.35 if new high/low is made get it into calculator to get new buy/sell signal.....
5) if high/low @10.35 is modified ...column 'fresh order modified as per 10.35 field' to be marked as 'yes'..(excel sheet is just for recording levels)
this is how i understand ....
pls comment if nething mistaken or misunderstood..

regards
harsh

 

[sachinsamani]

Nifty Fut Buy @ 2828

Sell @ 2778 ????

Perfect Rahul. I'm with you. For Rel future. Buy 1338 sell1298. Let me know your figures.

Sachin.