Day trading - Intraday high Low almost predicted

[jlmalhotra]

Try shorting SBIN

Targets are there

 

[jlmalhotra]

http://www.4shared.com/photo/w36PztHF/picture2.html

uploaded on 4 shared

 

[jxcess]

http://www.4shared.com/photo/w36PztHF/picture2.html

uploaded on 4 shared

can u share the amibroker afl or excel?

 

[jlmalhotra]

can u share the amibroker afl or excel?

Well I just have the codes. ( Mathematical formulas )
Shared by a friend after reading my post in this thread. Will share only after his consent.

Regarding plotting them on charting software, again It calculates daily high , low , Close and Open . One needs a good data provider to plot these levels correctly. Cheap data feeds will result in loss.

Best way to watch these levels is to plot them on price charts as horizontal lines.

 

[jxcess]

Well I just have the codes. ( Mathematical formulas )
Shared by a friend after reading my post in this thread. Will share only after his consent.

Regarding plotting them on charting software, again It calculates daily high , low , Close and Open . One needs a good data provider to plot these levels correctly. Cheap data feeds will result in loss.

Best way to watch these levels is to plot them on price charts as horizontal lines.

so are u gong to post the levels everyday? also please explain what is r1 r2 pp s1 s2. how should we take a call? what will be targets stop loss? thanks

 

[reachjj]

I think Jaytrader is hurt by people asking for his formulas.....Jay, please come back to this thread with your trading levels......

 

[jlmalhotra]

Here Guys


PP = Pr High + Pr Low + Pr Close;
High1 = ((((Pr Close + Pr High)/2)/3)*2) + (TodayOpen /3) ;
Low1 = ((((Pr Close + Pr Low)/2)/3)*2) + (TodayOpen /3) ;

High2= High1 + (High1- Low1)
Low2 - Low1 - (High1- Low1)

 

[jxcess]

Here Guys


PP = Pr High + Pr Low + Pr Close;
High1 = ((((Pr Close + Pr High)/2)/3)*2) + (TodayOpen /3) ;
Low1 = ((((Pr Close + Pr Low)/2)/3)*2) + (TodayOpen /3) ;

High2= High1 + (High1- Low1)
Low2 - Low1 - (High1- Low1)

how should we take a call on these levels?

 

[jlmalhotra]

so are u gong to post the levels everyday? also please explain what is r1 r2 pp s1 s2. how should we take a call? what will be targets stop loss? thanks

R1 is high 1 And S1 is Low1
R2 is High2 and S2 is Low 2

Just changed the formulas on my floor pivots indicator

Nope Will not post any levels. Gave out because you guys were not trading today.

Plot them on your price chart and and use them as targets.

Prices do tend to reverse around these levels.

Suggest use trend lines and stoch to enter

 

[jxcess]

R1 is high 1 And S1 is Low1
R2 is High2 and S2 is Low 2

Just changed the formulas on my floor pivots indicator

Nope Will not post any levels. Gave out because you guys were not trading today.

Plot them on your price chart and and use them as targets.

Prices do tend to reverse around these levels.

Suggest use trend lines and stoch to enter

thanks again but I didnt understand how to enter. I mean how do we decide when to buy/ sell? what is the stop loss? what time to enter? can u please explain it? and most of all have u done backtesting? thanks