Day Trading Futures

[jain.er]

i have small doubt, anyone please answer

Suppose I am planning to by above the high of a candle and I get a fill but the current cadle closes below the entry point (say 3/4 points) then what to day

1. Scratch the trade and look to re enter
2. keep put till SL

Please help...

 

[pratapvb]

6335 was showing resistance. also upthrust like bar at 945
now there seems to be upside failure.

Yes it was significant resistance...a good place to take part proift

but why short? no reason to assume that the resistance can't be overcome by absorbing the selling (sideways).....and upto that green line (-1SD 6327) was look to buy mode

 

[starscream]

shorted at 6332 and got out now 6326.. will wait for one more failure bar to short again.

 

[starscream]

Pratap you are right.
my tgt was only 10-12 points. as overall trend still remains upside.

hence it was significant resistance...a good place to take part proift

but why short? no reason to assume that the resistance can't be overcome by absorbing the selling (sideways).....and upto that green line (-1SD 6327) was look to buy mode

 

[starscream]

 

[starscream]

all longs were stopped out

 

[manishchan]

I keep the SL as long as it is in favor but again I look at the strenght of the next candle before scratching the entry. (my personal style)

i have small doubt, anyone please answer

Suppose I am planning to by above the high of a candle and I get a fill but the current cadle closes below the entry point (say 3/4 points) then what to day

1. Scratch the trade and look to re enter
2. keep put till SL

Please help...

 

[manishchan]

Saw heavy buying at 6320 level also this is one of my set up according to price action. Now m out @ 12 points profit

Another 8 points. Total 20 for the day. Now, will wait till market shows some strength.

Missed the big fall as was biased in uptrend. But got another 15 points. Total 35 points in NF and done for the day. :clapping:

 

[starscream]

pratap need your help here. how to look forward towards the day now.

 

[timepass]

No trend. BNF looks promising but no trend.. SOH