Day trading - Intraday high Low almost predicted

[jaytrader]

Hi Jxcess,

Consider BPCL today

BPCL 714.9 717.85 711.08 723.22 702.92 ,

once u enter open value , other values get populated.

Then see the open value ( which we entered lies where ) among those values..

BPCL opened @ 714.9 ( below high 1) ..did nt break low 1( formed support there ) and reached target ( high2 )----> condition 3.

Note: since our base is formed @ low 1...

high 2 shud be altered...(diff between low2 and low 1(which is formed ) and add to high 2

bpcl low today - 713.50 . our low 2 -- 702.92 ---> diffrence of 11
add to high2 ( 723 +11 )---> 734 ( near days high )

altering of high2 shud be done only in case of break out of high2:thumb:

 

[jaytrader]

jxcess,

united spirits moved according to condition1..pls check it

 

[jxcess]

jxcess,

united spirits moved according to condition1..pls check it

yeah dude united spirits moved exactly as you had predicted. You must be the Nostradamus of the stock market. But I am still confused with the instructions you have given. Let me try reading all of them a few more times and then if I have doubts I'll post again. But thanks a lot!

 

[sid2012]

Well done Jay
Keep up the good work

 

[jaytrader]

Hi Sid , Jxcess

Those are very big words,

there might be discrepancies , and loopholes..

As said , early phase...

But thank u both for ur motivating words.

 

[jxcess]

Hi Sid , Jxcess

Those are very big words,

there might be discrepancies , and loopholes..

As said , early phase...

But thank u both for ur motivating words.

Jaytrader I have a question. You said United spirits followed condition 1. Now condition 1 states that if open price is below low 1 then buy at low 2 but low 2 price was at 602.1 which was never arrived at. Please can u explain... Thanks

 

[jaytrader]

Hi Jxcess,

Stock open High 1 low 1 high 2 low 2

united spirits 613.1 625.2 615.676 630.95 602.1


United opened at 613.1 ( below low 1) ...so we have to wait till low2 ( 602.1).. But it came down( 606)...did nt break low2 .( formed a hanging man in 5 min chart ) ..so formed a support ..( our 602 shud be stp loss) ..If its wrong move stoploss wud have hit.

So condition1..the 5 points lag shud be added to high2 ..giving us 636.

I wud be happy with 630.95 itself..


No one can predict exact levels jxcess..there might be 2 or 3 points diffrence.

we should be sure whether resistance or support is formed..( DEPENDS ON ONCE USAGE OF ADDITIONAL TECHNICAL KNOWLEDGE )..

 

[jaytrader]

JXcess,


I had the levels for BPCL , but i made a wrong move..
It is upto us huw we use them

 

[jxcess]

Hi Jxcess,

Stock open High 1 low 1 high 2 low 2

united spirits 613.1 625.2 615.676 630.95 602.1


United opened at 613.1 ( below low 1) ...so we have to wait till low2 ( 602.1).. But it came down( 606)...did nt break low2 .( formed a hanging man in 5 min chart ) ..so formed a support ..( our 602 shud be stp loss) ..If its wrong move stoploss wud have hit.

So condition1..the 5 points lag shud be added to high2 ..giving us 636.

I wud be happy with 630.95 itself..


No one can predict exact levels jxcess..there might be 2 or 3 points diffrence.

we should be sure whether resistance or support is formed..( DEPENDS ON ONCE USAGE OF ADDITIONAL TECHNICAL KNOWLEDGE )..

Thnks u are great! But what about tomorrow's levels? Also I feel you should share this great strategy. You said it yourself that you have not yet perfected it. I feel may be if more ppl analyse we can all perfect it.

 

[jaytrader]

i have been subscribing to group of ppl with this technique..

Hope u guys understand..but there are few more strategies, to decide if the trend will be up or down on a particular day..


i will let u knw..