Day trading - Intraday high Low almost predicted

[jaytrader]

Hi Frens,

Jsw today low 617 - reached our high2 642

BoB today low 710 ( did nt break our low2 709.55) - reached our first target high1 - 722


Apollo - HIgh2 688 in the morning . SHort sell to reach our first target low1( 672) - Almost reached.


Day high low almost predicted.

Feedbacks and Comments Welcome.

I will upload the file today for 2morrows trade.
All frens can enter the open value to get high 1 , high 2 , low 1 low 2 values.


Huw to use them i have given it as conditions in excel itself.

Thanks again for all ur support

 

[jaytrader]

Method explained:

Entry and Exit

Fill the Open price in the Open price cell. Condition 1:If price opens below low 1 , buy @ low 2 ( make sure price does nt break low 2) , if breaks very weak


Condition 2: If price opens above high 1 , short at or near High 2( Make sure price does nt break high 2) , if breaks very bullish



Condition 3: Some times price may form low @ Low 1 and raise upto High1 , if breaks then high 2


Condition 4: some time s price wont cross High1 , from there we can short for first target Low 1 , then low 2.





I will be happy to answer ur queries...but no one has provided comments or feedbacks

 

[sid2012]

Comments can only be made once one uses the method.
And to use the method you need to upload the file & give us a day of trading.
Thanks:thumb:

 

[jaytrader]

Hi Sid,

Thanks for ur reply.

I have given the levels , early @ 9:20 itself .

Have also given the condition , huw to use them.

As ur wish , i will upload the file for 2morrows trade. u need to fill in the open value to get the levels.


note: File uploaded is only for that day.conditions are mentioned in the file itself .

thanks 4 ur support.

 

[jaytrader]

Hi Frens,


I have uploaded the file for 2morrows trade .
Download link

http://www.4shared.com/office/Tx30zCtW/Test_stock.html


Please fill the open value in the open tab to get the values .


Have a gud trading day ahead.

 

[jaytrader]

Hi Frens,

Todays Stock levels.

Stock open High 1 low 1 high 2 low 2

siemens 666.6 671.4 663.8 679.7 656.7




T mahind 674.8 675.93 669.443 682.4 662.95

PNB 768.9 771.68 763.7 779.5 755.55

 

[jaytrader]

Tech mahindra opened near High 1 ,( also reached my Low1 from there ) broke high2 and zooming up ( as per my condition very bullish)

 

[sid2012]

Tech mahindra opened near High 1 ,( also reached my Low1 from there ) broke high2 and zooming up ( as per my condition very bullish)

So, should it be bought at cmp?

 

[jaytrader]

Nope SID,

It shud ve been bought when it came down to low 1 ( 669 ) and moved up

Since now it had reached Target High2 and had a move til 688 ( It bit risky ).

I expect it to come down for target of 675 , 668 and last 661.

 

[jaytrader]

PNB can be bought around 765 ( with stop loss below 762) , for targets of 771 and 779 .