from friday to wednesday there is no movement in stock , most of the stocks have below 1% move , so anyone expect a good move and move according to the formula of a good long trend end in opposite move and end in loss, these days I end in loss, so I decided to get out of the market, and to concentrate on some other jobs, but my mind/God told me in sideway market, no trend market sell from high, buy from low, so I again decided to try this way
Today I selected stocks from premarket move above 2% and near 2%, I load the charts, check the volumes of stocks, I found nifty bank has some good movements , so i loaded from it good stocks above 2%, from there I found icici bank has some more movements of 9% that is gap up
I traded so many stocks after opening 5 minutes, and enter above high and low most of them end in loss, but icici cut its high and go up with higher vol. of buyers , so I enter that train again, and made some good profits, always book profit looking chart, when i get some profit ,i take the profit and get out of the market
At 10.15 icici reached its first high, and I get out of it, and waited for another turn at dip , using support and resistance of higher high and lower low points, it works great for reentry,
another method is the first one hour is trend up , the next 1 hour it will trend down, so at 10.15 is high point, 11.15 is low point, that is market move in opposite direction, again 12.15 is up point ,1.15 is low point, 2.15 is up point ,
market move in 1 hour alternatively to up and down move
high points at 10.15, 12.15,2.15
low points at 9,15, 11,15, 1.15, 3.15
so enter the market according to this
so we can make more profits according to time strategy,
if a stock touch its high point it will go maximum down in next 1 hour, if it touch its low point it will go next high point in next 1 hour
time strategy is important
%strategy is important , if % is below 1 , then don't trade that day , it will be side market, there is no sufficient movement , so mostly end in loss, I think side trend will be good for sell from high and buy from low for .25 % to .50%.
select stocks above 2%, and concentrate first top gainer, and top loser, it will not move in opposite direction
if nifty stocks trading below 1% , never enter the trade it will be a loss day
in long trends , the trend will not cross 1%+1 of a stock, and it will go up so put stoploss below this, so we buy from these levels with time strategy, and support resistance of higher high and lower high points
Find top gainer /loser of the day, concentrate on the best stock
top gainer will go up, top loser go down
if top gainer above 2% enter in long trade,
if top gainer below 1% never trade, only watch the market or do with only 1 quantity for emotional study. or like paper trading
place 1%+1 as stop loss
take profit at top points, with time strategy
again enter the trade with support of higher high, lower high of previous movements
use time strategy for entry and profit booking
never wait for more profits, the break out only for 2-3 minutes, after that it will decline, within 2,3,5minutes, top will marked, so take profits at these times
after 1st top it will come down 1%+1 and again go above first top, after reaching its 2- 3 tops it will play near 1% up and down
top gainer always close below nearly 1% of the top
today I made a profit of 250 rs/
I am playing with 10,30 ,50 quantities
In a week there is only one or two long trend days will be seen others are side trending
