no one going to earn even single rupee day trading

[atulaw]

Still not on 5% per trade... I am sitting at approx 2.75% per day on my actual capital (which I think is good for now)

Also I am only using around 2 times leverage. I think I need more confidence before I can utilize 8-10 times.


P.S. I am only 2 days old in trading. 9 trades in 2 days and all win trades!
I will be honored if you can check my thread and give your inputs.

 

[Rkji]

hi abhi

hope you are able to help me with this

i have started looking on the 5 min candlestick chart for intraday. had a qn regarding same.

after a red candle, when two green candles with higher highs & lows are completed, do i take entry on starting of a third higher high candle or wait for it to complete as well ? if you have time pls mark a circle on a chart for an entry or exit.

thanx

regards,
rishi

 

[abhiwhy]

hi abhi

hope you are able to help me with this

i have started looking on the 5 min candlestick chart for intraday. had a qn regarding same.

after a red candle, when two green candles with higher highs & lows are completed, do i take entry on starting of a third higher high candle or wait for it to complete as well ? if you have time pls mark a circle on a chart for an entry or exit.

thanx

regards,
rishi

rishi at first u tell me , which technique u t taking consideration while asking this question .

 

[atulaw]

Millionaire or Bust

Thanks!

 

[HEM]

Thanks for posting ATRTrading code. It works..

Please let me know your opinion whether I wait till end of the bar before entry? (because most cases it closes well above the Trend line).
OR
Enter when price is at Trendline. - some cases it touches the TrendLine and tanks.

Also please try to post the improved version if you can.

Richo

Richo, where is ATRTrading code....?

 

[Rkji]

hi abhi

the purpose is to make an entry & exit using charts with either macd or ema indicator. i use sharekhan tradetiger & using 5 min chart.

technique taken under consideration could be ure .50 % move or simply the right entries & exit on any given time.

my idea is to check on the scrips showing good upside on live trading & then perhaps booking profit as per your technique. tradetiger terminal doesnt have di + - indicator in the charts i suppose. it either has macd or ema, i believe.
i am comfortable with candlesticks to some extent.

apologize if its unclear, as i am new to TA.

many thanks for your patience

regards,
rishi

rishi at first u tell me , which technique u t taking consideration while asking this question .

 

[abhiwhy]

Richo, where is ATRTrading code....?

sorry on answering on behalf of Richo but see post 27:thumb:

 

[abhiwhy]

hi abhi

the purpose is to make an entry & exit using charts with either macd or ema indicator. i use sharekhan tradetiger & using 5 min chart.

technique taken under consideration could be ure .50 % move or simply the right entries & exit on any given time.

my idea is to check on the scrips showing good upside on live trading & then perhaps booking profit as per your technique. tradetiger terminal doesnt have di + - indicator in the charts i suppose. it either has macd or ema, i believe.
i am comfortable with candlesticks to some extent.

apologize if its unclear, as i am new to TA.

many thanks for your patience

regards,
rishi

i would not suggest candlestics in day trading (yet its an excellent indicator itself) , but day trading is very fast and confusing , trends changes in seconds market reverse any time and the any specific pridiction has a very short life in day trading but as you have no solution as ur trade tiger terminal do not have indicators , i would suggest u alternative, use 50 period simple moving average in 1 min chart (if market need to go bullish it will be above it ) (if bearish it will be below it ) so if u can guess with accuracy ( as u mentioned u can ) the direction of market then go long after the price goes above 50 period simple moving average and short after price dips below it .

u may or may not set .50 % target , ( depends upon u ) as it has huge profit potential
but
better to avoid position against (50sma ) direction for long time .

practice some day and u will get what i exactly meant ..:thumb:

in rangebound markets condition is going to be worse .!!!!!!!!!!!!!!!!!!!!


happy trading

 

[abhiwhy]

here is the image of nifty last day

 

[Rkji]

thanks for the prompt reply abhi.

i shall try this setting tomm while trading, though something is still not clear as maybe you are talking about 50 sma trendline.

i could not understand the phrase about 50 sma being over...it...
in the chart i see 50 sma on left of the candlesticks when short signal & 50 sma on right when buy signal & i could make out the crossover happening, but failed to see 50 sma over it

regards,
rishi

i would suggest u alternative, use 50 period simple moving average in 1 min chart (if market need to go bullish it will be above it ) (if bearish it will be below it )