iCharts Discussions

[onelikeu]

FOR LONGS TRADES IN INTRADAY
(1) THE % GAINED BY STOCK SHOULD CROSS 5% .
(2)ONCE (1) THE CONDITION GETS SATISFIED ,BUY THE STOCK WHEN MACD GENERATES A BUY ,(NOTE)....WHEN MACD GENRATES A BUY THE % GAINED BY THE STOCK SHOULD BE GREATER THAN 5% AND SELL WHEN MACD GENRATES A SELL
OR
(2) a) TRADE THE STOCK ONCE IT CROSSES 5% AND HAVE YOUR STOPLOSS 1 OR 2% BELOW

FOR SHORTS TRADES IN INTRADAY
(1) THE % LOSS BY STOCK SHOULD CROSS -5% .

(2)ONCE (1) THE CONDITION GETS SATISFIED ,SELL THE STOCK WHEN MACD GENERATES A SELL ,(NOTE)....WHEN MACD GENRATES A SELL THE % LOST BY THE STOCK SHOULD BE GREATER THAN -5% AND BUY WHEN MACD GENRATES A BUY
OR
(2) a) TRADE THE STOCK ONCE IT CROSSES -5% AND HAVE YOUR STOPLOSS 1 OR 2% ABOVE

THE MAIN OBJECTIVE BY DOING SO IS
1)PICKING UP BULLISH/BEARISH STOCKS IN EOD HELP PREVENT FLAT TRADING
2)RSI >70 (BULL) AND RSI<30 (BEAR) MAKES SURE THE STOCK IS IN GOOD MOMENTUM IN CURRRENT TREND
3)FOR A STOCK BULLISH/BEARISH IT IS NOT NECESSARY TO MOVE HIGHER/LOWER EVERY DAY.SO A (+/-) 5% FILTER HELPS TO FILTER STOCKS THE TREND FOR THE DAY

[jeetendram]

Watch your WatchList at 9.30 am - i.e 30 minutes after OPEN of mkt:
1. SORT your Market-Warch at 9.30 am and pick-up scrips which fall under 1 to 1.5% - either +ve or -ve.
2. Select SCRIPS which FALL UNDER 1 to 1.5% - either +ve or -ve
3. Trade for Intarday with SL of Previous Close - for Target of 1.5 to 2 SL.
4. Also WATCH scrips which BREAks QUEUE after sorting, and pick up for intraday trades, in direction of trend.