Day Trading Futures

[Somatung]

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[Trader_PK]

My today's NF trades :-

HEM

Hem bro Why no long above 11:30?

 

[Somatung]

My today's NF trades :-

HEM

Your stop loss levels are interesting. If your time in the future permits, would be nice if you could post more such charts you trade on just for educational purpose.

 

[DataRam]

My today's NF trades :-

HEM

@ HEM bro , your decision making process is exemplary . Pure price action trading by you surely motivates a lot.

The chart which you have posted shows that you are basing your entries & exits only on the 5 min. Pivot High & Pivot low levels . Don't you take higher time frame Pivots into consideration for your decisions ? Also are you taking a single bar rule for Pivot formation or more bars on either side of the pivot level bar.

Will be really nice to know ...

 

[alex_26]

Hi Seniors,

Is Nifty showing Bearish signs in coming days....as both ..Rising wedge(bearish) n Expanding Triangle Pattern showing downside...

 

[HEM]

Hem bro Why no long above 11:30?

Dear Trader PK ,


there was no long above 11:30 but yes there was long above 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high ( all three ph is same 6090) but i didn't took that long because of two reason :-

(1) hod was 6098:55 and difference between hod and [ 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high ( all three ph is same 6090) ] was only 8.55 poins so i preferred long above hod.

(2) 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high are inside bar and inside ph of 30 min 10:30 bar so here more appropriate long was above 30 min 10:30 bar high( but here long didn't triggered due to filter) or above hod.



Reason for my all three trades :-

(1) first short trade because of gap up opening above previous day high

(2) i took second short trade below 6078.20( 5 min 12:05 pl low/15 min 12:15 pl low/30 min 12:30 pl low) and these pl are also inside bar or inside pl of 30 min 10:30 bar but i took this short trade because of two reason :-

A. - After gap up opening above previous day high yet hod (first 5 min bar high )was not broken so now trend was minor down side.
B. - bof of 15/30 min 12:00 ph high ,


(3) i took third long trade because of BDF of 30 min 1:30 pl low





HEM

 

[DataRam]

Dear Trader PK ,


there was no long above 11:30 but yes there was long above 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high ( all three ph is same 6090) but i didn't took that long because of two reason :-

(1) hod was 6098:55 and difference between hod and [ 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high ( all three ph is same 6090) ] was only 8.55 poins so i preferred long above hod.

(2) 5min 11:50 ph high/15 min 12:00 ph high/30 min 12:00 ph high are inside bar and inside ph of 30 min 10:30 bar so here more appropriate long was above 30 min 10:30 bar high( but here long didn't triggered due to filter) or above hod.



Reason for my all three trades :-

(1) first short trade because of gap up opening above previous day high

(2) i took second short trade below 6078.20( 5 min 12:05 pl low/15 min 12:15 pl low/30 min 12:30 pl low) and these pl are also inside bar or inside pl of 30 min 10:30 bar but i took this short trade because of two reason :-

A. - After gap up opening above previous day high yet hod (first 5 min bar high )was not broken so now trend was minor down side.
B. - bof of 15/30 min 12:00 ph high ,


(3) i took third long trade because of BDF of 30 min 1:30 pl low





HEM

This is really smooth Hem Bro,. :thumb:

Pivot High & Pivot Low definition is somewhat subjective as per trader to trader. I have seen some people taking a rule of atleast 3 bars before & after the Pivot level, some keep it as 2 bars which is quite common and some others reduce it to the bare minimum of 1 bar which is again common practice in higher time frames.

What criteria do you follow to determine the Pivot level as per the number of bars you prefer , is it same for lower time frame & higher time frame or different ?

Thanks.

 

[Somatung]

Hi Seniors,

Is Nifty showing Bearish signs in coming days....as both ..Rising wedge(bearish) n Expanding Triangle Pattern showing downside...

Here some price action pattern reading on your chart:

There is much more to read in your chart, specially by analyzing the candles the way they occur.

 

[a1b1trader]

Target 6135
If crosses 6110
SL 6070
LTP 6084

 

[Nettwork]

BNF in symmetrical triangle, will it break this channel today...