OPEN - LOW FACTOR.: If Opening Price and Low Price of any Stock Or Indices has been kept with same price including that of decimal point
soon after the market opens in any particular day after the 20 minutes of Opening of trades can be recognized as OPEN-LOW FACTOR for the day. When this factor has been framed after the market opens in any specific Stock Or in any of the Indices, The price will move upward direction only. So, One has to go long in that specific stock or Index preferably nearer to the low price and book profit as and when the target has been met. One can recognize the targeted price based on the volatility factor of the specific stock or the index and so on. One can keep the stop loss as the low price of the stock or the indices for going long in any stock / indices. Suppose if the low price has been broken out one has to cut their long position immediately after the violation of the price and should take short position soon after the low price get violated. Here, the trader can keep the violated low price as upward stop loss. Here, Ones the low factor get violated the price of the stock or index will drastically come down by applying maximum volatility factor over the downside front.
OPEN-HIGH FACTOR.: If Opening price and the High Price of any Stock or Indices has been kept with a same price including that of the decimal point soon after the market opens in any particular day after the 20 minutes of opening of trades can be recognized as OPEN-HIGH FACTOR for the day. The moment the factor has been framed the stock price / the index will go down drastically. So, One Can go Short selling of the specific stock / indices by keeping the high price as stop loss. Here also One can apply the volatility factor for the downside target for the specific stock / indices. The individual Volatility factor has been available both in NSE and BSE Websites. Here the percentage of volatility can be applied downward either with the previous day's closing price or with the High price of that specific day for arriving the downward target of the stock / indices. At same time, When a High price is getting violated, one has to cut their short position immediately and should take long position by keeping the violated high price as stop loss. Whenever the violation is happening stock price / Indices will end up with double end volatility.
Volatility factor of the specific stock has been given on the bottom of the web page. The volatility has been highlighted as maximum , minimum, and average in terms of percentages. So, If someone wants to book minimum profit at very frequent intervals one has to choose the minimum percentage and it should be applied either with the previous days closing price of the stock or with the " Open - Low " or with the "Open High Factor " prices.
I hope now traders might have followed the above strategy, how the targeted price can be met in and how a trader can book profit in a very smart way!
soon after the market opens in any particular day after the 20 minutes of Opening of trades can be recognized as OPEN-LOW FACTOR for the day. When this factor has been framed after the market opens in any specific Stock Or in any of the Indices, The price will move upward direction only. So, One has to go long in that specific stock or Index preferably nearer to the low price and book profit as and when the target has been met. One can recognize the targeted price based on the volatility factor of the specific stock or the index and so on. One can keep the stop loss as the low price of the stock or the indices for going long in any stock / indices. Suppose if the low price has been broken out one has to cut their long position immediately after the violation of the price and should take short position soon after the low price get violated. Here, the trader can keep the violated low price as upward stop loss. Here, Ones the low factor get violated the price of the stock or index will drastically come down by applying maximum volatility factor over the downside front.
OPEN-HIGH FACTOR.: If Opening price and the High Price of any Stock or Indices has been kept with a same price including that of the decimal point soon after the market opens in any particular day after the 20 minutes of opening of trades can be recognized as OPEN-HIGH FACTOR for the day. The moment the factor has been framed the stock price / the index will go down drastically. So, One Can go Short selling of the specific stock / indices by keeping the high price as stop loss. Here also One can apply the volatility factor for the downside target for the specific stock / indices. The individual Volatility factor has been available both in NSE and BSE Websites. Here the percentage of volatility can be applied downward either with the previous day's closing price or with the High price of that specific day for arriving the downward target of the stock / indices. At same time, When a High price is getting violated, one has to cut their short position immediately and should take long position by keeping the violated high price as stop loss. Whenever the violation is happening stock price / Indices will end up with double end volatility.
Volatility factor of the specific stock has been given on the bottom of the web page. The volatility has been highlighted as maximum , minimum, and average in terms of percentages. So, If someone wants to book minimum profit at very frequent intervals one has to choose the minimum percentage and it should be applied either with the previous days closing price of the stock or with the " Open - Low " or with the "Open High Factor " prices.
I hope now traders might have followed the above strategy, how the targeted price can be met in and how a trader can book profit in a very smart way!
If you are a day trader, your position size is likely larger due to the fact you are looking for a smaller move with your short timeframe. Keeping a tight stop is extremely important when trading larger size, as a day trading strategy gives stocks multiple opportunities to work. For day trading, the strategy is rather simple:
Always keep your profit objective at least 3 times greater than what you are willing to risk.
Allow no more than a 1% move against you from your entry point. Ideally, you are in the trade beyond the trend line and out of the trade below it. You can always get back into the trade if the stock returns to the buy point.
If a stock gaps beyond a technical trigger price, the original trade plan is negated for a day trade so a new plan should be made.
If the futures make an intermediate lower high intraday (or higher low when trading the short side), exit half of your position. This implies a weakening market and can make it tougher for open positions to continue working.
If your stock hits a new low for the day (long trades) or new high for the day if you are short, exit the position. A day trade is intended for initial moves, so there is no purpose in widening stops to accommodate a stock moving in the wrong direction. Get out if the stock breaks a low (or high if short) as you can reenter the trade if it triggers again.
Once momentum fades and buyers are thinning out, take your profit. This can be done by carefully monitoring the intraday chart and the time & sales
Wishing all the traders a very happy trading days ahead by interpreting this method.
NOTE.: The above factor will work only in the normal course of trading days only. At the same time, It never works whenever a positive or negative news item or any rumor will appear through any media would change the direction of the individual stock / indices price movement in an opposite direction.
If Open & Low Price is Equal than go for the Buy with Stop Loss Below the Low Price.
If Open & High Price is Equal than go for the sell with stop loss Above the high price.
