Scalper's Forum

[devangan123]

Today ICICI bank and Siemens are strong shares of type (b) above according to above post and NTPC and NALCO are weak stocks type (c).

P.S see above post for types (b) or (c) .

will post chart after market hours for explanation

 

[nagendra_gb]

Hi Devangan to add above today BHEL was doing very good. Even though nifty was falling it was holding and one more thing is except in last hour of trade for every move in nifty there was two points move in bhel... yesterday that credit goes to reliance

 

[nagendra_gb]

devang from monday if you accept even am interested in this lets do identification during market hours and will exchange only after market closes...

 

[devangan123]

Hi Devangan to add above today BHEL was doing very good. Even though nifty was falling it was holding and one more thing is except in last hour of trade for every move in nifty there was two points move in bhel... yesterday that credit goes to reliance

Yes Dear but u know their will be some more such stocks but we can find only few due to limitation of time and other various resources

 

[devangan123]

devang from monday if you accept even am interested in this lets do identification during market hours and will exchange only after market closes...

Sorry could not understand ur post completely

Identification and exchange is fruitful only during market hours , after market hours they are of no use for any body .

If u can exchange stocks during market hours here than it will be fruitful to me and for every one who will follow this thread and who knows many others may also join after few days and that will be party for scalpers


Devan

 

[devangan123]

Today ICICI bank and Siemens are strong shares of type (b) above according to above post and NTPC and NALCO are weak stocks type (c).

P.S see above post for types (b) or (c) .

will post chart after market hours for explanation

After identification of stocks in first hour , trading becomes easy in rest of hours .

Today I selected 4 stocks for trading and after that only 6 charts i.e.4 above stocks, Nifty chart and Tata Power (Tata power is my darling or lucky stock) were open on my terminal , did not even saw what's happening in other stocks .

Now coming on How to do scalping , Just put any buy / sell signal criteria either mentally or explicitly in ur software and wait for buy signal in strong stocks and sell signal in weak stocks.

What should be buy / sell signal : That depends on trader to trader,

in below chart will try to implement one of the most basic and simple signal of Moving average crossover signal , Even that will also work well at least for scalping .

below chart is of NTPC with Moving average crossover

Since this Stock was identified as weak so will trade only on sell signal i.e that is bearish crossover (will trade for minimum 1 % gain and max 2 % gain in one trade)

Below chart is of Nalco , another weak stock reported in morning Post

 

[niftychance]

Hello Devan

For the above chart which charting software have you used ?

Thanks

 

[devangan123]

Hello Devan

For the above chart which charting software have you used ?

Thanks

NiftyChance

Dear its a broker software , TT advance from India Infoline

 

[bandlab2]

NiftyChance

Dear its a broker software , TT advance from India Infoline

can you explain what are these lines and how do you interpret the signal ? i am also having TT Advance.

 

[devangan123]

Below chart is of ICICI Bank , It was strong stock reported in morning Post So traded only on buy signals

Below chart is of SIEMENS , It was strong stock reported in morning Post So traded only on buy signals