Day trading - Intraday high Low almost predicted

[jxcess]

thank u reach,


if u had bought at low levels. we cud ve waited 4 targets..but gud u ended in profit...

jxcess had a gud trade buying @ 809 and exiting @ 822:clap:

dude can u tell us about what stop losses to enter? it's confusing to choose between low 1 and low 2

 

[jaytrader]

bro,

i usually use .618 fibonacci retracement level from value u enterd... or days low (whichever is lower)

usually if u are going long , days low as SL...or short days high as SL...:thumb:

 

[jxcess]

mmtc too reached our low2 levels...:clapping::clapping:

mmtc showed signs of condition 2. I was right and good I didn't go long.

 

[jaytrader]

perfect buddy:thumb:

 

[v_karthikk]

hi jay : can u pm your email id ?

 

[jaytrader]

Hi Karthik,

Its not enabled 4 u!!!!

 

[shashzz]

Bata India

804.25 805.8166667 792.21 824.125 783.325

MMTC

747.95 747.0833333 740.1 754.1 733.15

Hi Jay

If you dont mind can you please explain the above figures once again.
Based on the above data how can we find out entry & exit with SL

thanks in advance

 

[jaytrader]

shasz,

Entry and Exit

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.

 

[shashzz]

shasz,

Entry and Exit

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.

thanks a lot Jay
thats so nice of u.. can u pls tell about the Stop loss too

 

[jaytrader]

thanks a lot Jay
thats so nice of u.. can u pls tell about the Stop loss too

bro,

i usually use .618 fibonacci retracement level from value u enterd... or days low (whichever is lower)

usually if u are going long , days low as SL...or short days high as SL..


Depends on persons risk taking ability:thumb: