intra day technicals
- Thread starter XRAY27
- Start date
D
dear xray,...
Intraday trading can be done with the ease of different things,..
1. Pivots ( support & resistance )
2. Fibbonanci levels
3. EOD analysis ( Its not a good job always. )
4. Using charts , intraday supports and resistance.
5. Using indicators in intraday charts ( RSI, MACD, Stoch etc.. )
6. TIPS lol...
These r the possible ways for intraday. but as far as trading is concern in intraday u need to be like a soldier. U should be able enough to change ur positions ( if ur talkin about trading , i m not talkin about intraday INVESTMENTS. )
In the current market, intraday is the best way to minimize ur loss.
Regards,..
Darsh
Intraday trading can be done with the ease of different things,..
1. Pivots ( support & resistance )
2. Fibbonanci levels
3. EOD analysis ( Its not a good job always. )
4. Using charts , intraday supports and resistance.
5. Using indicators in intraday charts ( RSI, MACD, Stoch etc.. )
6. TIPS lol...
These r the possible ways for intraday. but as far as trading is concern in intraday u need to be like a soldier. U should be able enough to change ur positions ( if ur talkin about trading , i m not talkin about intraday INVESTMENTS. )
In the current market, intraday is the best way to minimize ur loss.
Regards,..
Darsh
besides what said by darsh following can also be used
>double top triple top double bottom triple bottom
>chart formation like channel breakout, cup & handle r useful too
>in the morning gap analysis & range breakout works well
>there some stocks which move specially around 3.00 pm
>scalping is good method as well
there can be thousands of methods for day trading but the difficult question is with which one u r comfortable. i have seen people using many strategies & making huge money but sadly i could not make any thing from them then i developed my own & now i am comfortable with mine.
every one can not be Sehwag. similarly every one can not be dravid. think if they both change the role, what will happen?. yes they both will fail. although both the batting styles were methods of success, still both will fail. reason > every one has to search his/her own style & stick to it.
so u can get a long list of trading strategy, but at the end of the day if u want to succeed u must search the strategy with which u r comfortable.
Vishal
>double top triple top double bottom triple bottom
>chart formation like channel breakout, cup & handle r useful too
>in the morning gap analysis & range breakout works well
>there some stocks which move specially around 3.00 pm
>scalping is good method as well
there can be thousands of methods for day trading but the difficult question is with which one u r comfortable. i have seen people using many strategies & making huge money but sadly i could not make any thing from them then i developed my own & now i am comfortable with mine.
every one can not be Sehwag. similarly every one can not be dravid. think if they both change the role, what will happen?. yes they both will fail. although both the batting styles were methods of success, still both will fail. reason > every one has to search his/her own style & stick to it.
so u can get a long list of trading strategy, but at the end of the day if u want to succeed u must search the strategy with which u r comfortable.
Vishal
this article may help u
http://www.articlesbase.com/investing-articles/stop-loss-order-for-day-trading-149513.html
stop loss should be 2% / 1 % / 0.5 % below your buy price for day trading as per the level of experience. & not at low of day or some thing
stop loss should be below support level & your buy should be above support level. in this case there is less chance of hiting your stop loss.
vishal
http://www.articlesbase.com/investing-articles/stop-loss-order-for-day-trading-149513.html
stop loss should be 2% / 1 % / 0.5 % below your buy price for day trading as per the level of experience. & not at low of day or some thing
stop loss should be below support level & your buy should be above support level. in this case there is less chance of hiting your stop loss.
vishal
D
totally agree with Vishal about Dravid n Sehwag.
EVeryone should have their own strategy to dig out money from the market.
I myself is working on few of the systems and one more system apart from TA. Every night i call up my GF and ask her what u think about market tomorrow. @ 3 o'clock in da nite she tells me weather it will go up or down and miracle is that IT WORKS. EVEN THOUGH SHE DOESNT KNOW ANYTHING ABOUT STOCKS.. LOL.....
Anyways that was just a joke , but the safest way to dig out money is Arbitradge. If anybody is able to find out gaps between bse/nse cash, bse/nse fno. nse/nse fno.... that would be the safest bet.
For this week one can have a position in Nalco. huge gap between cash n futures prices. check out..
Thanx for the link vishal...
Regards
Darsh
EVeryone should have their own strategy to dig out money from the market.
I myself is working on few of the systems and one more system apart from TA. Every night i call up my GF and ask her what u think about market tomorrow. @ 3 o'clock in da nite she tells me weather it will go up or down and miracle is that IT WORKS. EVEN THOUGH SHE DOESNT KNOW ANYTHING ABOUT STOCKS.. LOL.....
Anyways that was just a joke , but the safest way to dig out money is Arbitradge. If anybody is able to find out gaps between bse/nse cash, bse/nse fno. nse/nse fno.... that would be the safest bet.
For this week one can have a position in Nalco. huge gap between cash n futures prices. check out..
Thanx for the link vishal...
Regards
Darsh
dear XRAY,
intraday trading is just like ,swing trading or short term trading.you have to change the time frame.like ,take 5 minute chart for example and apply the same rules of technicals.
1 First look at the MACD HISTOGRAM----if it is above the 0 line then wait for going long.if it is below that wait for going short.
2 Now look at the stochastics ,if----
A MACD is above equilibram(0) and you get a buy in stochastics then just buy.
B--MACD is below 0 and you get a sell signal in stochastics .just sell.
do not maintain any stoploss reverse your position accordingly.
intraday trading is just like ,swing trading or short term trading.you have to change the time frame.like ,take 5 minute chart for example and apply the same rules of technicals.
1 First look at the MACD HISTOGRAM----if it is above the 0 line then wait for going long.if it is below that wait for going short.
2 Now look at the stochastics ,if----
A MACD is above equilibram(0) and you get a buy in stochastics then just buy.
B--MACD is below 0 and you get a sell signal in stochastics .just sell.
do not maintain any stoploss reverse your position accordingly.