Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well?
When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders who developed and traded strategies based on time.
All traders are looking for that edge. As individual retail traders, we’re competing against the best minds, the most experienced and skilled traders in the world. If you looked at it logically, they hold all the cards, they have a big-brother view of what’s going on in the markets every minute of the day. Does this mean we don’t stand a chance? Not at all – we just need to be a little bit creative sometimes with our trading systems and we can beat them at this game.
I have made my time based scanners based on various strategies, which covers 213 FNO Stocks, Below is the sneak peek of the stocks whose trend is changing in coming week based. Observe them. Note down the High Low of Trend Change date and try to trade next day when High or Low is broken of TC date.
Sir ,
Reliance is repeated thrice in the list 15/8, 16/8, 17/8
Each day it makes a different high & low
Post 17th Aug if one has to trade intraday , which day’s high/low has to be taken for trade ?
Would it be the high low of 17th aug ? or say average high/low of 3 days ?
Can we take a positional call buying abv the high , with SL below the low of these days mentioned ?
Rgds
High of 17 Aug !!
Great work Sir, if possible mention the criteria for selection
No
Dear Sir in the above list HDFCBANK have two dates 21-08 and 22-08 so in this case what it means and how to take trades??
Focus on both dates.. Observe price action on both dates.. trade on 22 Aug
rather the methodology could have some interesting choices.
Thanks Some scrips have more than one date?
Yes more dates means bigger trend change can happen..
This is a great list. Just to clarify if the stock is in downtrend then it will change and vice versa on these dates. Am I understanding this correct?
Nope it can be trend continuation also..
Great Work