Intraday Trading

mangup

Well-Known Member
Dimaag ka dahi mat karo

Education kee goli khaao

Its education that help's me to identify the intraday trend with profitable precision.


Bye
thakker bhai, awaiting ur new thread on educational series...

Plz share some knowledge from ur arsenal to identify/calculate levels .....
 

kthakker0

Well-Known Member
thakker bhai, awaiting ur new thread on educational series...

Plz share some knowledge from ur arsenal to identify/calculate levels .....
Hi,

Info about rally that has happened
3 way zig zag Fib levels are as follows
Low 6080
High 6383
Low 6008

Calculated Fib levels.
38.2: 6124
50.0: 6160
61.8: 6195 Start to book profit and should not add more longs
78.6: 6246 Key level (rounded off to 6250) > its 6311
1.00: 6311

As you all know the rally topped at 6240

19/11/2013 Tuesday

Hi,

Consistent trading > 6270 and close above 6250 is good for bulls as it will open a new range for them.

NF close below 6211 will be good for bears as the next level should be 5900-5850


Bye
Info about fall that is happening
The same 3 way zig zag Fib levels
High 6283
Low 6008
High 6240

Calculated Fib levels are...
38.2: 6124 100% achievable level
50.0: 6089
61.8: 6053 Retracement expected
78.6: 6002
1.00: 5937 Key level with Expected Reversal. I Square all the shorts.

Some other Fibonacci ratio are also used by traders, but these are most important and they 100% give you money.

Bye
 

kthakker0

Well-Known Member
21/11/2013 Thursday

Hi,

Tapering or no Tapering is purely a matter to confuse silly brains or it may be in discussion form to confuse "The already Confused Smart Brains"

US Economy is surely not going to progress as US law maker want's it.

But one thing is certain in India

Silly Traders will be Trapped
  • It has happened before,
  • Silly Traders are currently Trapped
  • And it's going to happen again - again - again in future as well.

Bye
 

mangup

Well-Known Member
Hi,

Info about rally that has happened
3 way zig zag Fib levels are as follows
Low 6080
High 6383
Low 6008

Calculated Fib levels.
38.2: 6124
50.0: 6160
61.8: 6195 Start to book profit and should not add more longs
78.6: 6246 Key level (rounded off to 6250) > its 6311
1.00: 6311

As you all know the rally topped at 6240

Since the low of 6080 was breached by a new low 6008, i was applying a fibo retracement for the swing between 6383-6008, which is giving me 6240 as 61.8% level.

Info about fall that is happening
The same 3 way zig zag Fib levels
High 6283
Low 6008
High 6240

Calculated Fib levels are...
38.2: 6124 100% achievable level
50.0: 6089
61.8: 6053 Retracement expected
78.6: 6002
1.00: 5937 Key level with Expected Reversal. I Square all the shorts.

Unable to find 6283 level on chart. If i apply fibb Projection level for the swing 6383, 6008 & 6240, 100% comes at 5865. Is this the correct way of calculating the levels?

Can u plz share ur general experience on fibbo levels

Some other Fibonacci ratio are also used by traders, but these are most important and they 100% give you money.

Bye
Pl read my queries mentioned in above message.
 

Relish

Well-Known Member
Hi,

Info about rally that has happened
3 way zig zag Fib levels are as follows
Low 6080
High 6383
Low 6008

Calculated Fib levels.
38.2: 6124
50.0: 6160
61.8: 6195 Start to book profit and should not add more longs
78.6: 6246 Key level (rounded off to 6250) > its 6311
1.00: 6311
What is time frame for these point daily, weekly or intraday?
 

kthakker0

Well-Known Member
What is time frame for these point daily, weekly or intraday?
21/11/2013 Thursday

Hi,

Once the Target and Trend is confirmed then time is always on my side and I know for sure that the levels will be reached, so why will I waste my time on knowing "The Time Frame".

I just enjoy the Trend till the Targets are met and many times it has happened that market volatility has given me multiple opportunities to earn on the same type of trade.

Some time I do get bumped, but since I know what the Trend and Targets are I am OK! with small bumps.

So my advice is "Stop Wasting Time in knowing The Time Frame".

Just enjoy the ride as per the Trend and savor the Targeted Fruits.

I enjoy the market as described so...

But you can always find your own way on how to enjoy the market.

All the Best

Bye
 

kthakker0

Well-Known Member
21/11/2013 Thursday

Hi,

Like today, tomorrow's session will also be volatile.

The way it has gone down and created "Panic" it could either shoot up and create confusion in the market or create more panic by trading lower.

My Higher Target is 6094 and Lower 5938

Trader log, Bhai log, Hum log, Tum log; Yani kay, market Sab logoo kee laga raha hai.

Dhoti bachaoo apni apni nahi toa na...

Bye