Day trading - Intraday high Low almost predicted

[reachjj]

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)

Hi,

(((Pr Close + Pr High)/2)/3)*2) is this not the same as

(Pr Close + Pr High)/3

?

 

[jlmalhotra]

Hi,

(((Pr Close + Pr High)/2)/3)*2) is this not the same as

(Pr Close + Pr High)/3

?

I have copy pasted the formula.

You have Jaytraders levels.
Please check with them

if it works fine it doesnt matter if 2+3 =5 or 3+2 =5

 

[jxcess]

I have copy pasted the formula.

You have Jaytraders levels.
Please check with them

if it works fine it doesnt matter if 2+3 =5 or 3+2 =5

I just verified your formula with previous levels given and they match perfectly except for H2 L2 which are a bit lower and higher respectively

 

[jlmalhotra]

I just verified your formula with previous levels given and they match perfectly except for H2 L2 which are a bit lower and higher respectively

He must have tweaked it a little or the person who gave them to might have tweaked it to suit his needs.

Plot them as horizontal lines on your price chart you will find the price respecting these levels.

 

[jlmalhotra]

Also pervious levels are also important once the stock breaks H1 or H2

 

[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)

I don't understand why we have to calculate PP. it doesn't affect any of the formulas

 

[jlmalhotra]

I don't understand why we have to calculate PP. it doesn't affect any of the formulas

Pivot Point is an important level while trading. Dont use it if dont want it

 

[jxcess]

Pivot Point is an important level while trading. Dont use it if dont want it

can u tell what its use?

 

[reachjj]

Does anybody know, how to filter out the stocks...... I mean how to pick only 2-3 stocks out of so many stocks...

Thanks,

 

[jsb2012]

got the afl now!!!!!!