Day trading - Intraday high Low almost predicted

[jaytrader]

cooolllllllll.........

breaks 626..can go till 621..

have trailing SL...


Are u in profit?

 

[jxcess]

cooolllllllll.........

breaks 626..can go till 621..

have trailing SL...


Are u in profit?

yep I am in profit in spite of the earlier bad trades. plus I lost some money in tata motors today but not to worry I only put a little amt

 

[jaytrader]

:clapping::clapping::clapping::clapping::clapping::clapping:

i compensated 4 ur morning bad trade

 

[jxcess]

:clapping::clapping::clapping::clapping::clapping::clapping:

i compensated 4 ur morning bad trade

dude any chance it will go down further. My broker won't allow making trades after 3

 

[jaytrader]

Square offf....bounced bak from 626

 

[MARUTIMANE]

quote
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..
unquote


Jay

What time frame should we consider for :

ydays High we can get but for todays Open and high should we consider at 10 ams high low or ?

please clarify

 

[jaytrader]

Consider high/ low till 10 am...

set up shud get stabilised...


consider todays open - 5105
high - till 10 am - 5126


both are in close range

similarly
todays high till 10 am - 5126
sterdays high - 5144

both in close range...

if we had shorted market with sterdays high as SL (5144 ), we could have gud result.


let me knw ur thoughts on this

 

[jxcess]

Consider high/ low till 10 am...

set up shud get stabilised...


consider todays open - 5105
high - till 10 am - 5126


both are in close range

similarly
todays high till 10 am - 5126
sterdays high - 5144

both in close range...

if we had shorted market with sterdays high as SL (5144 ), we could have gud result.


let me knw ur thoughts on this

how close should this range be? give an approx value

 

[jaytrader]

i consider less than 2o for nifty...


very close the values...very gud for the trade:clap::clap::clap:


check out historical datas to get a feel of it

 

[jxcess]

i consider less than 2o for nifty...


very close the values...very gud for the trade:clap::clap::clap:


check out historical datas to get a feel of it

not trying to criticize your method as no method is flawless but why isn't it an uptrend? firstly today's open price is 5113 not 5105 and from where I see it the low for today till 10 was 5111 and yesterday's low was 5090. all are in close range so it could have been a buy signal as well. your views...?