2652 THEORY OF DAY TRADING 
THE MOST IMPORTANT THINGS TO TRACK IN DAY TRADING 
  1. Previous days range (difference in days high and days low) the most important
    2. 

  2. That days’ high and that days’ low at 10:15 am after the start of markets
    3. 


PDR	=	PDH - PDL
F1	=	0.4333 * PDR
F2	=	0.7666 * PDR
F3	=	1.3333 * PDR

Opening Range	=	High – Low (at 10.15 AM)

If 	   F1   >   Opening Range
           Factor 	=	F1
Else If    F2   >   Opening Range
           Factor 	=	F2
Else If    F3   >   Opening Range
           Factor 	=	F3

Buy Stop Order for Long	=	Intraday Low + Factor

Target for Long     	=	Buy Price * 1.005 (0.5 % gain)

Stop for Long		=	Buy Price * 0.99 (1.0 % Loss)

Sell Stop Order for Short=	Intraday High - Factor

Target for Short    	=	Sell Price * 0.005 (0.5 % gain)

Stop for Long		=	Sell Price * 1.005 (1.0 % Loss)