Day trading - Intraday high Low almost predicted

[jaytrader]

Bro ,

I would be giving unless i dont have a power cut

 

[jxcess]

Bro ,

I would be giving unless i dont have a power cut

I dont think anybody on traderji has been so accurate as you have

 

[jaytrader]

Thanks Bro,

N hope it continues

 

[jaytrader]

Friends,

I would like to let u know a technique , which i call Proximity technique..( to decide if its a long or short day)

Consider nifty: ( we have to wait till 10 )

Buy condition : If todays open and high /// and todays high and sterdays high are in close proximity its a short trend..

Sell condition : we have to consider open and low..

 

[RAAMAKANT]

Friends,

I would like to let u know a technique , which i call Proximity technique..( to decide if its a long or short day)

Consider nifty: ( we have to wait till 10 )

Buy condition : If todays open and high /// and todays high and sterdays high are in close proximity its a short trend..

Sell condition : we have to consider open and low..

Can you please SHARE your technique in Detail.

 

[jaytrader]

May month data

open high low close sell buy
5254.3 5279.6 5226.45 5239.15
5211.2 5217.3 5180.65 5188.4
5166.65 5177.2 5070.6 5086.85
5017.8 5124.75 4988 5114.15
5114.7 5119.95 4983.6 4999.95 sell
4967.9 5016.25 4956.45 4974.8
4984.15 5039.3 4950.3 4965.7
4938.85 4976.25 4906.15 4928.9
4934.35 4957.2 4874.5 4907.8
4869.85 4955.2 4868.55 4942.8 buy
4875.3 4882.25 4837.05 4858.25
4878.6 4922.25 4850.2 4870.2
4796.4 4908.5 4788.95 4891.45
4888.5 4937.5 4888.5 4906.05
4954.7 4956.35 4849.9 4860.5 sell
4843 4853.75 4803.95 4835.65

 

[jaytrader]

Trades may be less, but pukka trend identifier...

 

[jxcess]

Friends,

I would like to let u know a technique , which i call Proximity technique..( to decide if its a long or short day)

Consider nifty: ( we have to wait till 10 )

Buy condition : If todays open and high /// and todays high and sterdays high are in close proximity its a short trend..

Sell condition : we have to consider open and low..

Hey Jay can u please explain it again? Didn't get the logic

I'd really like to learn Jaytrader's startegy. He can accurately determine the trend in a stock plus predict its highs or lows approximately.

 

[jaytrader]

Jxcess,

If the open price of stock/nifty and its high are in close proximity( say less than 15 points) and also high of today and sterday are in close proximity ( again less than 15 for nifty) ..then that day will be a short trend..( we need to wait till 9:45 - 10 am) to see if the set up stays..

Ex : May month data..one marked in red

5017.8 5124.75 4988 5114.15
5114.7 5119.95 4983.6 4999.95 sell

if u see..market opened near sterdays high. diff between open and high is close
also diff between todays high and sterdays high too in close proximity...So short that day...


huws the name Proximity technique?

 

[jaytrader]

Stop loss is todays high or sterdays high ( whichever is higher ) and viceversa for long..