Day Trading Futures

[RAAMAKANT]

Bhai, aisa mat socho
Picture to abhi shuru hui hai
Climax to abhi aanaa hai

Today is a special day
So keep watching

Cant mention my targets

:lol:

Bhai Hero ki entry hi bata deti hai ki picture entertaining hogi ya boring.

But let's see if your special day make it more entertaining or not...

 

[niftyoption]

Since I am not in trade now, I will write a few lines on your post. These are to be treated as my view only and it may and need not be 100 % correct all the time.

1) When I was struggling to find trading methods, I backtested many patterns such as NR7,Inside bars,Head and Shoulders,Pin bars,and few DeMark patterns..my finding is patterns traded in isolation are not profitable as trading methods. You have to trade them with perspective of trends and where we are in those trends. I found that few patterns like H & S, Pinbars, long legged/tailed hammers,and 2 of DeMark patterns are fairly profitable...but not when traded in isolation.

2) The best is trade supports and resistances and trends on short,mediun and long term and whether they are in synchronisation or out of phase...no need to have indicators and to see 10 different things before taking a trade....no one in reality can trade with 10 different things in mind, more things means more confusion and more indecision.

3) Methods like MA crossover etc are not profitable if traded as they are but with some tweaks, they can be traded profitably. I have back tested them over 6-8 yrs data.

These are my observations based on my own back tests more than 15 years ago...but someone may find something profitable...so do your own study and then trade.

Smart_tarde

Dear ST Da ,
absolutely Correct .... :clapping:

 

[santhosh2010]

Broker babu day!! ...........

Can concentrate in Banknifty too... Now a days Banknifty is better then nifty..

 

[lemondew]

Futures prices right?

I am booking profits in 8455-60 range...and look to buy in 8430-35 range whether to trade a rangebound market or be out of it and trade only trends is everybody's call.

ST

 

[santhosh2010]

 

[Smart_trade]

Futures prices right?

Yes.Futures prices..

ST

 

[santhosh2010]

Can concentrate in Banknifty too... Now a days Banknifty is better then nifty..

 

[manishchan]

Bhai, aisa mat socho
Picture to abhi shuru hui hai
Climax to abhi aanaa hai

Today is a special day
So keep watching

Cant mention my targets

:lol:

Bhai Hero ki entry hi bata deti hai ki picture entertaining hogi ya boring.

But let's see if your special day make it more entertaining or not...

On the funny note.. market is more like "art movie".. you have to watch it till the end.. 2 times, 5 times.. 10 times to figure out :

1. What was director trying to say ? (did you understand the overall possible moves)

2. What was the story after all ? (were you able to read the market and understand the charts)

and last but nt the least

3. Why the heck I bought the ticket for the movie when I wasn't sure what it was ? (entering trade just for fun when not sure bout possible move)

 

[TradeJoker]

Bosch,Eicher,Force

 

[lemondew]

Thx bought the nifty futures at 8433. Looking to sell at above 8445

Yes.Futures prices..

ST