Scalper's Forum
- Thread starter trader111
- Start date
Hi I dont know much but scalpinbut I have been trading every day as a day trader for a year and have been successfully earning consistent profit.It takes nothing but a simple logic which i will discuss below
Day trading is a game where there are 2 palyers one is buyer and other is seller, now every script you choose first you have to look at its chart movement there 4 or 5 methods to scan the script after finding the bullish stocks use Pivot point formula on that particular stock.Pivot point will give you the momentum which people called as ressisstance r1 and r2 which says that the stock can move upto r1 and after crossing r1 it may touch r2 we have to apply simple logic here as soon as it reaches r1 just watch the momentum if it stays at r1 for half a min and start coming down immedialty short sell at that price but if it crosses the r1 and stays above r1 in that half min wait until it reaches r2 and as soon as it reach r2 shortsell the stock at r2 and just wait until the momemtum cool down the stock will definately come down from r1 or r2 by 2 to 4 ruppes and as soon as it comes down square of the position this is very very safe method of daytraing which i use every day
Day trading is a game where there are 2 palyers one is buyer and other is seller, now every script you choose first you have to look at its chart movement there 4 or 5 methods to scan the script after finding the bullish stocks use Pivot point formula on that particular stock.Pivot point will give you the momentum which people called as ressisstance r1 and r2 which says that the stock can move upto r1 and after crossing r1 it may touch r2 we have to apply simple logic here as soon as it reaches r1 just watch the momentum if it stays at r1 for half a min and start coming down immedialty short sell at that price but if it crosses the r1 and stays above r1 in that half min wait until it reaches r2 and as soon as it reach r2 shortsell the stock at r2 and just wait until the momemtum cool down the stock will definately come down from r1 or r2 by 2 to 4 ruppes and as soon as it comes down square of the position this is very very safe method of daytraing which i use every day
hello tejas..
few ???
1) wt to feed in for high,low for pivot calculating ?
high & low at that very moment when the stock is trading
for e.g ibrealest is trading tommorow at 11:00 am
with high : 295
low : 270
close : previous day close
2) do u keep strict stopless or do take positions also
regards
harsh
few ???
1) wt to feed in for high,low for pivot calculating ?
high & low at that very moment when the stock is trading
for e.g ibrealest is trading tommorow at 11:00 am
with high : 295
low : 270
close : previous day close
2) do u keep strict stopless or do take positions also
regards
harsh
Sharing a Book Called : Gueirrlla Trading Tactics : by - Olivr L Velez
http://www.megaupload.com/?d=Y90PBI81
Author claims his system to be 84% Accurate!!
http://www.megaupload.com/?d=Y90PBI81
Author claims his system to be 84% Accurate!!
C
No Vikram just got the book, today noon, havent yet started to read it!!! 
Just see CV's comment, i'll simply dump it!!
You should follow suit if you have downloaded it!!Otherwise just dont!!
Sorry for the trouble!!
Just see CV's comment, i'll simply dump it!!
You should follow suit if you have downloaded it!!Otherwise just dont!!
Sorry for the trouble!!
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