1) Excel sheet : Columns
Date , Volume , High , Low and Closing Prices
2) Day types : Buying Day (1) , Selling Day (2), Sell Short Day (3)
3) Collect the data as stated in step 1) for the past 10 days . Lowest price of the 10 day's Low column can be named Buy Day (1)....from there naming is automatic .. Next day (2) is Sell day and following day (3) is sell short day
4) Ideally on Buy Day (1) , low needs to be made first . (Buy day column cell can turn green if this condition is true) . For other 2 days high needs to be made first (Buy day column cell can turn red if this condition is true)
5) Once Sequence is identified, it should continued for every day market Opens, even for few hours . Holidays should not be counted.
6) The (D) Decline Column : The difference between previous day high and today's low
7) The (R) Rally Column : The difference between previous day low and today's high
8) The (BH) buying High Column : The difference between today's high and previous day high
9) The (BU) buying Under Column : The difference between today's low and previous day low
|