conditions
- within 1 hour of opening find the current low candle close near 10.15 of the chart 1 minute
- select close of the low candle for entry price
- add and minus 1% of the stock price to get target and stoploss
- wait for anything to get profit or stoploss
- No need of fear or greed
- the rule will play, stick to it. not change the game if loss occured, paper trade till gain profits
- If the stock moves in updirection for 1 hour, then its next direction will be opposite till 2pm or 2.30
- after 2 pm it will change its direction again to opposite side
- Time for 3 trading sessions
- 9.15 to 11.15
- 11.15 to 2.15
- 2.15 to 3.30
- the chart will chage its directions after 10.30 to 2 pm then again change its direction , note the point
my trading rules
- Find stocks below 500 and above 200
- add all this market watch
- find stocks have a high low difference of 10 or nearly 2% on current trading day
- find open equal to previous close, high, low
- find open interest is double or triple of volume
- some stocks open equal to high or low
- some stocks close equal to high or low
- some stocks open equal to close
- p.close and today low same will go up
- some stocks open high or low ,prev. close nearly same
- stop loss 1% or .1% below low of the 1st hour
- 1st target 1% from low or from buy price
- buy price at close price of the low candle.
- only one target is necessary 2nd target is for greedy people, and also risky means will attain or not
- 2nd target 1.5% from low
- entry price candle low or close+.1%
- target =candle low+1%
- 2nd target =candle low +1.5%-.1%
- low 265.10 icici bank in 1st hour
- buy price 265.10+.26= 265.36 or close price of that candle in 1 minute chart
- target 265.10+2.6=267.70
- 2nd target 267.7+2.6/2-.26=268.8
- at the end of the day it reached high of 268.9
- Dont stick so many stragety,stick to one strategy, our brain give best results
- never greedy for more money, it will lead to so many strategies, and we cannot work properly, and end in loss
- one strategy will work best and give sufficient money, not be greedy, greediness lead to loss of all money.
- over confidence lead to greediness and end in more strategy and end in loss of all money
- in Down trend of the 1st hour find the lowest close of the hour and buy there, or near, in some cases it will not get again so buy near that price
- for eg. icici bank lowest close price 265.15 to this add .26 then the price will be 265.41 so we buy at 265.15, or 265.40 or 265. 55 (by adding .26 to 265.30)
- target price add 2.65 /1% to the buy price or lowest close price
- stop loss 2.65 minus from buy price or .26/.1% from the lowest low of the 1st hour
- today icici bank lowest close at 10.15 is 265.15 so buy at 265.41 ie 265.40
- after touching low it go up and come down near to low then buy it with stoploss ,low plus .26 ie is 265.10 low minus .26 equal to 265.36 sl, target 1% 265.10 plus 2.65 equal to 267.75 for 2nd target .5% to it ie 267.75 plus 1.32 equal to 269.07 but sell at 269.07-.26=268.81 for that day the high will be 268,9
- high low difference of a stock nearly 2% necessary for entry
- here p.close and open near, open and high near
Axis bank p.close and low nearly same go 20 point high on that day
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