Best way of day trading - 2652 theory of trading

[dhiraj11378]

sbi sell at 1081.91 triggered
target achieved , went to 1075

 

[rahul1983]

sbi sell at 1081.91 triggered
target achieved , went to 1075

RIL Target >>>>>> Done !

 

[uthuman]

Bottom right side corner of everybody's post you can find the thanks button....

uthuman

Brilliant, Nifty Fut hits Profit Tgt.
Got my first profitable trade with Dhirajs System.
My sincere thanks to Dhiraj & to Rahul too for pointing out todays level.
I got todays levels wrong, am still trying to get the hang of this brilliant trading system.

BTW, forgive my very basic question, I want to know how I can post my thanks on a post or thread. I just cant seem to figure out where that option/button is located.

Amar

 

[amar_gr]

Bottom right side corner of everybody's post you can find the thanks button....

uthuman

Thanks for responding, but still cannot locate the button.
On the bottom right corner, I can see three buttons
1. Reply with Quote
2. Multi Quote this message
3. Quick Reply to this message

No thanks button there ??

 

[sandeep.kala]

Thanks for responding, but still cannot locate the button.
On the bottom right corner, I can see three buttons
1. Reply with Quote
2. Multi Quote this message
3. Quick Reply to this message

No thanks button there ??

You need to post some specific no of posts(around 50) to be eligible to see thanks button

 

[amar_gr]

You need to post some specific no of posts(around 50) to be eligible to see thanks button

Oh, that's kind of funny. Cant understand the logic there.
If I want to thank someone for an helpful post I cant show my appreciation
until I have posted enough of the forum.

Anyway thanks a lot pointing that out. I was getting tired of looking out for the thanks button, kind of assumed that it should have been obviously visible.
So until I post enough to thank you, accept my sincere thanks within the post.

Amar

 

[rahul1983]

sbi sell at 1081.91 triggered
target achieved , went to 1075

Dhiraj bhai today 1st target achived in nifty if suppose we would have hit SL

then the new buy target will be 2773

coz low is 2743 +30 == 2743

 

[augubhai]

Dhiraj bhai, I have traded Nifty futures with your method for 5 days, with modified parameters. The method worked like magic on all 5 days - the .5% target was achieved before 1% stop loss. Thanks so much.

 

[amar_gr]

Dhiraj bhai today 1st target achived in nifty if suppose we would have hit SL

then the new buy target will be 2773

coz low is 2743 +30 == 2743

I also want to understand this situation correctly.
For the SL to be hit in our todays scenario, then our todays short triggered @ 2773 must not reach the profit tgt of 2759.50.
So if we assume that Nifty Fut reversed making a new low @ 2761
then our Buy with double qty would be @ 2761+30=2791.
Here we have another problem. Our Double Qty buy level actually comes before the SL level @ 2801 is triggered.
So whats the correct strategy to deal with this scenario ?

 

[dhiraj11378]

Dhiraj, I wanted to clear this out as it would be still fresh & today's trading is a good example of my doubt....

today's nifty target achieved....2759.40

BUT SUPPOSE, NIFTY WOULD HAVE STOPPED DOWNMOVE AT 2765 AND MAKES A JUMP TOWARDS 2790+ ZONE....

NOW, OUR 1% STOPLOSS FOR FIRST TRADE'S SHORT POSITION IS 2801
AND MODIFIED BUY ORDER (AS PER 2765 LOW) IS 2795

I.E. OUR SECOND BUY ORDER LEVEL IS BEFORE THE STOP LOSS OF 1ST TRADE...

WHILE BACKTESTING IN MY FIRST EXCEL FILE, I HAD COME ACROSS ONE SUCH SITUATION (I DON'T REMEMBER THE DATE - IN DEC MONTH).... THAT'S WHY, I STUCK TO 10:35 ORDER AND IGNORED FRESH HIGH/LOWS AFTER 10:35...

I would request your views on this......
anytime, when u r free....
will join you in evening now.

hope ur fine sunil,
and thanks for putting this querry
this applies only for modified orders
sell today was 2774 around ( as per nse futures values )
stop loss at 1 percent higher than sell was at 2801
now if nfity went to 2765 low , a new low
so modified buy order will be 2765 + 30=2795
now here modified stoploss buy is 2795 ,but here quantity of lots ( or shares in cash ) is important
suppose short sell 1 lot at 2774 ,
stop loss 1 lot at 2801,
if a low of 2765 is done , modfied buy is 2795 ,now here u must cancel ur stop loss order at 2801 of one lot
and u must modify ur stop loss buy order to 2795 with quantity of 3 lots.
1 lot for the stop loss of sell order of 1 lot at 2774 and 2 lot to buy when the price reaches 2795.
in other words here stop loss becomes 2795 for ur first trade .
so when price reaches to 2795 levels ur first trade is a loss trade , but at the same price ur second buy trade starts for the double quantity with a 0.8 percent enhanced target .
in these type of conditions there is only one advantage ur stop loss amount get reduced for the first trade ( less than a percent )
2801 -2795 = profit of six points .
for this type of conditions there are 90 percent chances of a profitable trade in a day.

hope u got it .
do write this in ur simple words so that more members can understand it better .

get fully fit ,
tk cre