Skip to main content

OPEN HIGH LOW STRATEGY IN DAY TRADING

By -

OPEN HIGH LOW STRATEGY 

IN DAY TRADING


OPEN HIGH LOW STRATEGY IN DAY TRADING
This is a very popular Intraday Open High Low Strategy with pretty good Accuracy. In this strategy, Buy signal is generated when a Stock or Index has same value for Open and Low, while Sell signal is generated when it has same value for Open and High. 


OPEN HIGH LOW STRATEGY IN DAY TRADING


 The open high low same strategy is quite popular among Indian stock traders. In fact, I am watching this strategy for 6-7 years now and this is really easy to follow strategy for even novice traders. This strategy works well in all liquid scrips but I suggest you follow only Nifty 50 stocks with this strategy.


To be successful in Intraday trading having a tried and tested strategy is very important. The open high low strategy is one of the famous strategies which has high accuracy, many people use this strategy on a day to day basis. Selecting stocks plays a major role in intraday trading, there are various strategies to select stocks for day trading.

when OPEN = LOW is same then BUY

OPEN HIGH LOW STRATEGY IN DAY TRADING

when OPEN=HIGH is same then SELL

OPEN HIGH LOW STRATEGY IN DAY TRADING


The scanner below is real time –
  • Here BUY signal is generated when OPEN = LOW 
  •  and SELL signal is generated when OPEN = HIGH  
Location: India

Comments

Post a Comment

Popular posts from this blog

OPTION STRATEGIES

By -
Image
OPTION STRATEGIES Options allow the investor to sculpt the returns in their portfolio. When you buy a stock and the price rises $1, you make $1. You lose $1 if the price declines $1. Your profits are linear and directly related to only the change in the price of the stock. Interest and dividends will make a slight change to the outcome though these factors are also linear. Options blow apart this linearity. Options are called convex instruments because the returns are not linear but curved. We saw that in the previous chapters. You can literally create millions of possible returns through the use of options. You can mix and match options to create just about any return possible.   Selecting a strategy is a multi step process. You should go through a systematic process before initiating a trade. Each step should lead to further refinement of the strategy. It can be very dangerous to your bank account to disregard some or all of the major factors that affect options prices.
Read more

FLAG AND PENNANT PATTERN

By -
Image
FLAG AND PENNANT PATTERN The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets stocks, bonds, futures, etc. The patterns are characterized by a clear direction of the price trend, followed by a consolidation and range bound movement, which is then followed by a resumption of the trend.The continuation patterns which we have taken up so far in this Study  the various types of Triangles and the Rectangle have one    FLAG  PATTERN     The flag pattern is encompassed by two parallel lines. These lines can be either flat or pointed in the opposite direction of the primary market trend. The pole is then formed by a line which represents the primary trend in the market. The pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend. The chart below illustrates.Thus, the first requirement of the Flag formation is a nearly vertical price movement on th
Read more

CUP AND HANDLE

By -
Image
CUP AND HANDLE   The cup and handle formation (also called the cup with handle formation) is a bullish chart pattern that is defined by a chart where a stock drops in value, then rises back up to the original value, then drops a small amount in value, and then rises a small amount in value. WWW.FURTHERGROW.IN The cup and handle formation (also called the cup with handle formation) is a bullish chart pattern that is defined by a chart where a stock drops in value, then rises back up to the original value, then drops a small amount in value, and then rises a small amount in value. THERE ARE TWO TYPES OF CUP AND HANDLES  1.) BULLISH 2.)BEARISH                                        BULLISH WWW.FURTHERGROW.IN BEARISH WWW.FURTHERGROW.IN  Important characteristics • Trend: A cup and handle formation should follow an increase trend, ideally one that is only a few months old. The older the increase trend, the less likely it is that the cup and handl
Read more