Day trading - Intraday high Low almost predicted

[jxcess]

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

but I'd like to learn your other technique of predicting highs and lows for a day

 

[jaytrader]

Patience is the virtue to success..gimme some time:thumb:

 

[jlmalhotra]

Would you mind sharing your Excelsheet again

 

[jxcess]

Would you mind sharing your Excelsheet again

forget the excel sheet. Jaytrader will post 4 levels everyday in the following manner: HIGH 1, LOW 1, HIGH 2, LOW 2. You then have to follow the instructions below with regards to the levels:

Condition 1:If price opens below low 1 , buy near 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.


And keep logged into traderji to see if there are any further updates

 

[jaytrader]

Hi Jxcess,

Thanks for your reply...

adding to ur point ,

One shud'nt blindly follow the levels...Make use of additional TA and candlestick formation to confirm ur entry...

And one shud be conscious to reverse the trade once SL hit ( Like one u did sterday):thumb:

 

[jaytrader]

Stock open High 1 low 1 high 2 low 2

Jsw steel 640 644.38 639.43 648.1 633.25




cont. corp 854.8 863.1 854.26 869.1 842.45

 

[jxcess]

Stock open High 1 low 1 high 2 low 2

Jsw steel 640 644.38 639.43 648.1 633.25




cont. corp 854.8 863.1 854.26 869.1 842.45

jsw buy above 644 target 648 S/L 639

cont corp buy at 842

 

[jaytrader]

JSW if did nt cross 644,

it would slide down to 639 , 633 and 628

 

[sultan5000]

jsw

falling trendline resistance@644

 

[jaytrader]

Thank u Sultan