General Trading Chat

TP you use zerodha nesttrader …… right click – add custom column ….. make 2 column ……. “High – open” & “open – low” …… if figure zero that mean equal ……
I use nesttrader of different broker
Wow !!! Thanks a lot.
 

HappyLife

Well-Known Member
TP …. I am not good at writing don’t know what I will right down if I try to write …… so in short for scalping you can try this ………
In nesttrader try this 2 formula ….
(High – (high * 0.01)) for short
& (low + (low * 0.01)) for long
first watch for few days to see its working for you or not…..
 
TP …. I am not good at writing don’t know what I will right down if I try to write …… so in short for scalping you can try this ………
In nesttrader try this 2 formula ….
(High – (high * 0.01)) for short
& (low + (low * 0.01)) for long
first watch for few days to see its working for you or not…..
Let me post 2 examples

1. (High – (high * 0.01)) for short

Suppose NF high 9000 then
{9000 - (9000 x 0.01)}
= 9000 - 90
= 8910

So you think one should wait till 8910 for a short for a scalp.

2. (low + (low * 0.01))

Suppose NF low is 8900 then
{8900 + (8900 x 0.01)}
= 8900 + 89
= 8989

So you want to say that one should wait till 8989 to go long for a scalp :D

IMO, even stocks in the range of 200 - 500 may not work (leave aside higher price stocks), unless there is very high volatility and stocks below 200 wont work because of volatility and applicable cost and taxes. I do not understand how these formulas are working for you and for what stocks.

If I am wrong (may be I didnt understand your scalping strategy), then please explain with examples.
 

HappyLife

Well-Known Member
Let me post 2 examples

1. (High – (high * 0.01)) for short

Suppose NF high 9000 then
{9000 - (9000 x 0.01)}
= 9000 - 90
= 8910

So you think one should wait till 8910 for a short for a scalp.

2. (low + (low * 0.01))

Suppose NF low is 8900 then
{8900 + (8900 x 0.01)}
= 8900 + 89
= 8989

So you want to say that one should wait till 8989 to go long for a scalp :D

IMO, even stocks in the range of 200 - 500 may not work (leave aside higher price stocks), unless there is very high volatility and stocks below 200 wont work because of volatility and applicable cost and taxes. I do not understand how these formulas are working for you and for what stocks.

If I am wrong (may be I didnt understand your scalping strategy), then please explain with examples.
right work when high volatility ……. sudden big fall & then bounce back ……. work with share below 400/300 …… hardly 1 trade a day among 50 share list ……. & if discomfort with the level 0.01 you can decrease the value ……. this for scalping minimum not maximum …… & already said first watch for few days to see its working or not…..

and about me …… stop using such thing long ago ....... this for beginner if you want you can try :D
 
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HappyLife

Well-Known Member
Let me post 2 examples

1. (High – (high * 0.01)) for short

Suppose NF high 9000 then
{9000 - (9000 x 0.01)}
= 9000 - 90
= 8910

So you think one should wait till 8910 for a short for a scalp.

2. (low + (low * 0.01))

Suppose NF low is 8900 then
{8900 + (8900 x 0.01)}
= 8900 + 89
= 8989

So you want to say that one should wait till 8989 to go long for a scalp :D

IMO, even stocks in the range of 200 - 500 may not work (leave aside higher price stocks), unless there is very high volatility and stocks below 200 wont work because of volatility and applicable cost and taxes. I do not understand how these formulas are working for you and for what stocks.

If I am wrong (may be I didnt understand your scalping strategy), then please explain with examples.
taken nifty daily chart for example ……..
you can use it according to your own understanding & observation …..

View attachment 21220
 
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right work when high volatility ……. sudden big fall & then bounce back ……. work with share below 400/300 …… hardly 1 trade a day among 50 share list ……. & if discomfort with the level 0.01 you can decrease the value ……. this for scalping minimum not maximum …… & already said first watch for few days to see its working or not…..

and about me …… stop using such thing long ago ....... this for beginner if you want you can try :D
taken nifty daily chart for example ……..
you can use it according to your own understanding & observation …..

View attachment 21220
No, no
Certainly not meant for me :D
I hardly trade stocks, only NF and BNF
And if I follow this strategy then leave aside scalping, I wont be left with even positional trades.
And my whole day(s) will be passed in SOH :lol:

BTW
I posted examples only to explain and to seek that my understanding was correct about this method or not.
and
Secondly, why posting such strategy that you yourself are not following now OR (as you said) left long ago.
 

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