So far we have not heard from anybody about success in these strategies....Even the orginal threader Mr. Intradaysure is not to be seen....May be bankrupt after applying his strategies....So better we drop this thread.....
We can categorize or divide our strategies as per different time frames & situations for better understanding.
1. MORNING 30-MINUTES STRATEGY.
2. TRADES AFTER MORNING TRADES.
3. TRADES DURING QUARTERLY RESULTS.
4. GAP OPENINGS OF MARKET.
* MORNING 30-MINUTES STRATEGY *
This strategy is based on understanding the moves of the BROKER. ( sentiments )
If you track the Close price you will wonder the Open price of the trade day is not always the same as that of the previous days Close price. It is because the major brokers (BIG TRADERS) according to the sentiments lay a trap in which small traders get trapped and run into losses. If we understand the brokers mind we can make profits 90 % times in normal market in the first 3 to 30 minutes of trading.( Remember you should close your positions in this time frame )
Take the following figures and trade plan with you on the basis of calculations given below. We will call it Brokers Strategy ( BS )
Difference between HIGH & LOW of previous day i.e.: D = ( H L )
Now BS = D / 3
BUY PRICE = ( Pr. Close BS )
SELL PRICE = ( Pr. Close + BS )
For understanding the BS one should understand the following..
STRONG SHARE or STRONG CLOSE (close price is higher than previous close) &
WEAK SHARE or WEAK CLOSE ( close price is lower than previous close )
Now on the basis of above calculations you are ready with the figures i.e.: BUY PRICE, Pr. CLOSE & SELL PRICE of STRONG SHARE & WEAK SHARE separately.
Now on trade day if STRONG share opens anywhere between Pr. Close & BUY PRICE you can BUY first & keep for sell @ SELL PRICE as your target.
The Trap :- As the broker opens the share at a price lower than Pr. Close one gets the feeling as if the share has become weak and sells it, thus falling in the trap.
On trade day if WEAK share opens at or above SELL PRICE you can SELL first & buy later @ BUY PRICE as your target.
The Trap :- As the broker opens the share at a higher price than the Pr. Close one gets the feeling that the share has become strong and buys it thus falling in the trap.
Note: For this strategy Preferably take shares with high volumes & less volatility(not operator driven stocks). This strategy will not work in GAP OPENINGS. This strategy requires you to be very fast in taking decisions and accordingly positions. Furthermore One should compulsorily come out or close the position in the mentioned time frame. Life is not that easy and if you find that your position was wrong immediately square it ( close it)
REMEMBER TO CLOSE POSITION WITHIN THE TIME-FRAME MENTIONED
FEEDBACKS WELCOME
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Hey Thank You very much for this formula....
i have few queries regarding Intraday Trading ...
when I want to do Short selling.. you say buy anything above sell price. but when to buy...?? exactly when the market opens or after few minutes of starting... and is it OK if I continue doing short selling only..?? or buying is a good option
Again thank you very much for this informative post.... Really appreciate sir..