Day Trading Futures

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Market makes 2 types of bottom. One is V shaved bottom where market goes there and withinn fraction of a second will bounce back and will move fast in opposite direction. Like it made a bottom today at 8432-33 . This one has to buy only on anticipation or else buy after it bounces but that will be at higher level.

In second type the market spends time at the bottom, then goes up a little but not very strongly and again comes down and tests the bottom and this time refuses to go below it. Such bottoms are easier to catch.....as market gives us time here...

ST
How to anticipate a V shaped bottom ? Hope and luck, of course, but what if it becomes a unidirectional move and not a reversal at the level ?
 

niftyoption

Well-Known Member
Dear ST Da,

thank you sir ,

i want to put all members information into one picture but some may be miss ...please excuse me members if i forget to put your information in traderji.com family photo , actually it is one week time to finish for me this picture ...:)
 
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How to anticipate a V shaped bottom ? Hope and luck, of course, but what if it becomes a unidirectional move and not a reversal at the level ?
If it is at some important support, then we get some clue...else V shaped bottom cannot be anticipated in advance.

If it fails to reverse, our stoploss like always will take us out. All this buying because the larger trend is up...

Smart_trade
 
Market makes 2 types of bottom. One is V shaved bottom where market goes there and withinn fraction of a second will bounce back and will move fast in opposite direction. Like it made a bottom today at 8432-33 . This one has to buy only on anticipation or else buy after it bounces but that will be at higher level.

In second type the market spends time at the bottom, then goes up a little but not very strongly and again comes down and tests the bottom and this time refuses to go below it. Such bottoms are easier to catch.....as market gives us time here...

ST
Thanks St Da for nice concept..
Those 2 kind of bottoms with chart..2day v bottom & yday chart another kind bottom

 

XRAY27

Well-Known Member
Dear niftytaurus,
Firstly please no 'sir' please.....no need to take any paid teachings :)
what you now got from those threads trade ....trade ...trade ....you will start to apply your own advanced things on it :D....just make sure your MM and emotions in control :)
Vjay !!

You are 100 % correct,We have to apply our self..see how Ramakant played with his chart today !!!

No need for any expensive paid teaching..

"The object of gaining trading knowledge isn't education;it's to enable action"

Trading knowledge is there in the forum it self..,but we are not enabling action to some extent
 

TradeJoker

Well-Known Member
Vjay !!

You are 100 % correct,We have to apply our self..see how Ramakant played with his chart today !!!

No need for any expensive paid teaching..

"The object of gaining trading knowledge isn't education;it's to enable action"

Trading knowledge is there in the forum it self..,but we are not enabling action to some extent
i think niftytaurus is talking abt the other site,dont know who is controlling the site now, doing exact oppsite what the moral they teached to members :D may b a wrong post mod can delete my post
 
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