All You Need For DayTrading

[rangarajan]

You can check khushi mam's utility for calculating 10 days volatility, its best of all.
here's the link
][/B]

This calculator is password protected & hence unable to enter new values.
Some clarification pl:
Open value- Is it to days after the mkt or eod.
Presume Volatalities r as per EOD.
But,calculator does not have provision for Ten days average
So,how is related to Rish's posting.

As per ajeetsingh, the range for NF for today 4/4

R - 5707/5719/5738

S - 5669/5657/5638

They worked Very nicely for Trading:clapping:

I also calculated for Adanient & Wipro,cash & both worked very well.:thumb:

Is it possible to construct a Xl which when entered Closing price & Volatility,other parameters would be shown.
I am Not good at it.

 

[prabhsingh]

This calculator is password protected & hence unable to enter new values.
Some clarification pl:
Open value- Is it to days after the mkt or eod.
Presume Volatalities r as per EOD.
But,calculator does not have provision for Ten days average
So,how is related to Rish's posting.

As per ajeetsingh, the range for NF for today 4/4

R - 5707/5719/5738

S - 5669/5657/5638

They worked Very nicely for Trading:clapping:

I also calculated for Adanient & Wipro,cash & both worked very well.:thumb:

Open value- Is it to days after the mkt or eod
Are not they one and same?

 

[rangarajan]

Open value- Is it to days after the mkt or eod
Are not they one and same?

prabhsing,

what i meant was 'open value for today after the mkt opened' & volatality values of yesterday eod. say 4th open & 3rd volatalities.
If so,yr range would be seen for 4th on 4th only.

 

[ajeetsingh]

Update 9c:
Some Good Ebooks for DayTrading


Day Trading Mind
This e-book offers some great tips to stay focused on your trading. Mainly for day traders...



The E-Book of Technical Market Indicators
This e-book contains a wealth of information on market indicators including advance/decline indicators, short sale statistics, and sentiment..




The Trader Business Plan
In this e-book, Christopher Terry explains how to put together a trading plan including methodologies, goal setting, and record keeping.




The Truth About Fibonacci Trading
Want to learn more about Fibonacci? Here, Bill Poulos takes you step by step into the world of Fibonacci including retracements and extensions.





Secrets of Millionaire Traders
This covers 25 secrets that were collected from interviews with millionaire traders. There is some great wisdom contained in this e-book.





Practical Guide To Swing Trading
Larry Swing teaches you all about swing trading in this e-book. In it you will learn about candlesticks, trends, moving averages and much more.





Keys To Top Trading Profits
18 trading champions share their keys to trading profits. Includes interviews with George Lane (stochastics), Larry Williams, and Linda Bradford Raschke.





OPTION TRADING 101 : FROM THEORY TO APPLICATION




INDEPENDENT INVESTOR E BOOK
This is five ground breaking reports EWI has ever published in the 27 year history of Elliott Wave International compiled into one 75-page eBook





CHARTING MADE EASY
This is a great primer for new traders. This eBook covers all forms of technical analysis including support/resistance, trend lines, and chart patterns





THE EBOOK OF TECHNICAL MARKET INDICATORS
This eBook contains a wealth of information on market indicators including advance/decline indicators, short sale statistics, and sentiment...





Using The 34 EMA Wave & MACD to confirm Harmonic Trend Reversals
Trend following while powerful also means that trends can reverse. Learn how to recognize the difference between corrections and reversals and set up Wave/MACD trend reversal entries
Part I
Part II
Part III





How to Trade Breakouts?



Secret to Trading Fibonacci

 

[ajeetsingh]

This calculator is password protected & hence unable to enter new values.
......

This is how i used the sheet for today....
closing price for last 10 days and opening price for today is editable

 

[rangarajan]

So,where NF could trade on 5th

5646/5623/5613/5593/5573/5563/5540

 

[ajeetsingh]

This sheet is based on volatility breakout system, it calculates daily volatility based on CP of last 10 days, on the basis of this data it calculates buy or sell levels which have near to 70% accuracy. targets are also based on volatility only.

 

[STEELKING]

thanks bhai for all of your material

 

[rangarajan]

This sheet is based on volatility breakout system, it calculates daily volatility based on CP of last 10 days, on the basis of this data it calculates buy or sell levels which have near to 70% accuracy. targets are also based on volatility only.

ajeetsing,

i am also able to alter the values.

Small clarification solicited.

There is a Buy/Sell signals value & Mid point values.
Both vary.
Which one to follow.

In yr experience, is 10day volatality range is more dependable as compared to daily.

Would u also suggest reversing the trades nearer to 62%(Tgt 2)

 

[ajeetsingh]

ajeetsingh,
i am also able to alter the values.
Small clarification solicited.
There is a Buy/Sell signals value & Mid point values.
Both vary.
Which one to follow.
In yr experience, is 10day volatility range is more dependable as compared to daily.
Would u also suggest reversing the trades nearer to 62%(Tgt 2)

See, if for long time, buy/sell levels are not breached then it shows that stock is trading in narrow range so at that time we may consider mid values otherwise in trending market, use of mid points is suicidal as you can see that mid values are always near to open price. therefore if you are trading mid value then actually you are trading opening price.
10 volatility range is far more better than 1 year volatility
We are never concerned how the stock is behaving for whole year rather we are concerned how the stock is behaving currently.
normally LT has volatility has 2.0 according to NSE website but in past there are days when 10 day volatility rose to 3.5 and you can mint lot of money using this data as daily fluctuation will be higher so 3mins chart will give beautiful picture in such days.