Day trading - Intraday high Low almost predicted

[jaytrader]

Hi Mane,

Thanks for ur gesture.

Its simple price action set up. i consider weeks price movement ,
open close values.difference between high low values.


There is no definite values. Thats y i am uploading excel with new set of values daily.

Only thing we need to find is whther the stock has formed bottom or roof with the levels.( I use candlestick formation )

 

[Bewinner]

Jaytrader Bro...file is deleted...could u upload it again plz?

 

[jaytrader]

hi bewinner,

file uploaded in the first post is invalid.

pls get the xcel uploaded in todays post

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

This excel is valid only 4 today.
Please enter open value n check the levels , which i had given prior t trading day

 

[MARUTIMANE]

Dear Jay

Thanks for promt reply, but I could not understand the same, could you through some light on the same, if you wish.

 

[jaytrader]

Hi Sid,

let me knw one of ur stock which u trade(if u wish).lets check the levels.

only condition, select stock which would give gud intraday price movement.

 

[sid2012]

Hi Sid,

let me knw one of ur stock which u trade(if u wish).lets check the levels.

only condition, select stock which would give gud intraday price movement.

I trade ICICI religiously coz it gives the max price movement wrt Nifty.
I also trade SBI sometimes for its voilent nature but only when I am very sure of the movement. STER, Axis bank & ACC are part timers.

 

[jaytrader]

How to adjust our targets? if ter is discrepancy between our predicted values and actual market value?


Lets see huw to find them.

Ex: ICICI bank - Friday trade .

My values.

( High1)834.41 (low1)826.91 (High2)844.125 (low2)821.625

Market value

(open)835.7 (high)835.7 (low)813

Market opened above my (high1) - did nt sustain - Short sell.
Another indication open high same.

So if we had shorted at 830 my first target would be low1 --> low 2.

if it breaks low2 it had chance to go til 812 .

Let me explain it .
If my high2 is 844.12 my low 2 will be 821
but our high was fixed at 836, so low will be -(844 -836) --->8
This value has to be subtracted from low2 to get next target ie ( 821 -8 )--> 813 ( low fr the day )

 

[jaytrader]

ANother ex: with tech mahindra

My values
high1 low1 high2 low2
T mahind 674.8 675.93 669.443 682.4 662.95


Mahindra formed support at low1 --> our targets wuld be high1 , next high2

difference between low ( 669.4 - 663) -->6, which needs to be added to high2 for next target


ie high2 + 6 --------> 682.4+6---> 688.4 ( high of the actual trade ).

 

[sultan5000]

hello jaytrader

congratulation for you job that's amazing


my question is

you have define different variable for each stock
like in Siemens you define

=(D9/3)+449.2 for high 1
=(D9/3)+441.6 for low 1
=(D9/2)+346.4 for high 2
=(D9/2)+323.4 for low 2

can you please tell us what is that value( 449.2,441.6,346.4,323.4) you have added ....... i mean any calculation

waiting for your reply

 

[jaytrader]

Hi Sultan,

Thanks

I ve replied the same for Manes question....i would take week to 15 days data to get these values...and action of price if it opens gap up and gap down..its the toughest part and i would let u knw once i ve streamlined it ( SInce no definite calculation )


After 2 years losing in market..i ve come up with smething that would help other traders like me.

Mantra for success!!!Protect ur capital . then the profit would come!!!!!!!!!