Best way of day trading - 2652 theory of trading

[uthuman]

Jhaveri..Your nifty file updated nicely..would u please add nifty spot and future values in that file?

uthuman

Nifty buy trigered at 2823, 2823.40

 

[rahult23]

Hi,

One question, Eg Trading day 6 Feb 09 (according to the theory)
Scrip Buy @ Target SL Sell @ Target SL
RIL 1,321 1,327 1,307 1,290 1,283 1,302

Time Action Price High after hitting buy price
10:31 Bought 1321 1324.5

Now then the Buy order is executed and reversed from 1324.5, and at 11:10 its trading at 1319.5. The SL is 1307. Should one wait for more time or exit the trade.

 

[sasi0263]

Hi,

One question, Eg Trading day 6 Feb 09 (according to the theory)
Scrip Buy @ Target SL Sell @ Target SL
RIL 1,321 1,327 1,307 1,290 1,283 1,302

Time Action Price High after hitting buy price
10:31 Bought 1321 1324.5

Now then the Buy order is executed and reversed from 1324.5, and at 11:10 its trading at 1319.5. The SL is 1307. Should one wait for more time or exit the trade.

I think, time stratgy does not work here. Only SL and reverse order execution is enough if target does not hit. Dheeraj please clarify

Thanks

 

[dhiraj11378]

Dear Yash,
I would like to answer this query on behalf of DHEERAJ.

As per ur example scenario, If trade does not trigger till 10.35 as per first factor(40) then u should go ahead and modify ur order as per new high/Low and use second factor(60), since todays range(H-L) till 10.35 becomes >40

Therefore u should go for second set of orders ie.
long @ 2825
Short @ 2748

Dheeraj, please do not mind, and correct if I am wrong.

Dhiraj,

I am a little confused about shifting buy and sell orders as the time passes. Let me explain by giving an example.

Let us say factor 1 = 40, factor 2 = 60 and factor 3 = 80 for the day.

Now, at 10.15 high /low is 2800 and 2770. So, factor 1 is applied and I get buy trigger at 2770+40 = 2810 and sell trigger at 2800- 40 = 2760.

Now, at 10.35 high / low is 2808 and 2765, so no order is triggerred and diff. being 43 which is greater than 40. Now my buy / sell orders, shud I use filter 1 or filter 2.

As per filter 1, buy trigger will be 2765 + 40 = 2805 and sell trigger will be 2808 - 40 = 2768. As per filter2, buy trigger will be 2765 + 60 = 2825 and sell trigger will be 2808 - 60 = 2748. Which set of orders will be correct?

I will appreciate if you throw light on such a scenario.

BTW, I generally follow Nifty, Bhel Hdfc, RIL, SBI ( All futures) and I made profits in all the scrips. Many thnx!

Yash



Yash

yash its a good querry ,
but sashi its a wrong answer , but thanks for answering the querry .
i will get back to all with this after markets , so in time can any member who has got 2652 fully understood clarify this querry .
i get back with the answer after markets

dhiraj

 

[Sunil]

yash its a good querry ,
but sashi its a wrong answer , but thanks for answering the querry .
i will get back to all with this after markets , so in time can any member who has got 2652 fully understood clarify this querry .
i get back with the answer after markets

dhiraj

the factor value once set at 10:15 remains FIXED....

so, as per ur illustration, factor value of 40 will apply to new set of high & low at or after 10:35....

that's why, even in the excel file, THERE'S A SEPARATE COLUMN FOR ENTERING HIGH & LOW POST 10:35...
THESE FRESH HIGH & LOW CANNOT & SHOULD NOT AFFECT THE FACTOR VALUE DERIVED BY THE HIGH & LOW DIFFERENCE AT 10:15.

 

[sasi0263]

the factor value once set at 10:15 remains FIXED....

so, as per ur illustration, factor value of 40 will apply to new set of high & low at or after 10:35....

that's why, even in the excel file, THERE'S A SEPARATE COLUMN FOR ENTERING HIGH & LOW POST 10:35...
THESE FRESH HIGH & LOW CANNOT & SHOULD NOT AFFECT THE FACTOR VALUE DERIVED BY THE HIGH & LOW DIFFERENCE AT 10:15.

Sunil, U mean such scenario will be automatically taken care by Exel sheet provided by You!!

 

[Sunil]

Sunil, U mean such scenario will be automatically taken care by Exel sheet provided by You!!

taking care since a month now...

 

[dhiraj11378]

Dear Dheeraj and all 2652 members,

As I am backtesting the method for the monts of year 2008, I have got satisfactory result till now. Will come with the data soon after completion.

I would like to let u know all, that as per Sunil's latest advise, about updating the High/Low even after 10.35 have given much better result. Earlier i was backtesting by taking High/Low till 10.35 only, but after modifying, as per the current understanding(updating the High/Low even after 10.35 for 1st or 2nd trade after SL hit) result was about 1.5 times better. This is based on the result of last 4 months check for backtesting.

Have a nice trading session tomorrow
Thanks

yes sasi , i was about to ask u for this,definately with ur doubt cleared of the modified orders the back testing will show more gains , but one more thing that show as per exactly 2652 method ( doubling of amount after sl )
will wait for ur results,
thank u and keep the good work going .

dhiraj

 

[sasi0263]

yes sasi , i was about to ask u for this,definately with ur doubt cleared of the modified orders the back testing will show more gains , but one more thing that show as per exactly 2652 method ( doubling of amount after sl )
will wait for ur results,
thank u and keep the good work going .

dhiraj

Yes Dheeraj, Now for backtesting I am following all the rule of 2652 theory eg. Doubling the amount with enhanced Tgt( 0.75%) after SL hit.

Thanks dear

 

[dayder]

RIL but @ 1319 Sell @ 1295


Plz Confirm

Hi rahul, my datas for RIL came to B @ 1223 & S @ 1283.
On looking at your datas, I entered at 1319 and now RIL went upto 1324 and oscilating at 1323. However, thanks for giving the input.

Yours in trading,
Dayder.