Day Trading Futures

[nirav_j]

There was a 1 min TDST resistance in NF at 6085.Once that was taken out, market was set to go up.

Smart_trade

NF daily clocked a 1 on the Sell setup ...
But price is still stuck in range. I think a break out/down of range should give a clear direction.

On weekly this week as of today is on a Buy setup 8, and a 1 of buy setup on the monthly.

What do you think ST bhai, whats the probability of such set ups giving either a break out or a break down ?

 

[XRAY27]

Bad trades today : Total Damage : 20 points + brokerage

manish.. just have some trade controls ...you know what iam talking
iam felling vary sad see this chart

 

[Smart_trade]

NF daily clocked a 1 on the Sell setup ...
But price is still stuck in range. I think a break out/down of range should give a clear direction.

On weekly this week as of today is on a Buy setup 8, and a 1 of buy setup on the monthly.

What do you think ST bhai, whats the probability of such set ups giving either a break out or a break down ?

After a vote on account which had lots of financial adjustments, the market did not go down much.This was the first bullish indication today. Looking at the market movement my view is market will not go down much but till election we will see a steady rise with a few corrections in between. But market going below even 6000 looks difficult now. If BJP comes with clear majority, then we may see a fast continuation of upmove after the elections. But till elections, I am not expecting any big fall unless the external factors decide to do otherwise.

Smart_trade

 

[manishchan]

manish.. just have some trade controls ...you know what iam talking
iam felling vary sad see this chart

Agree totally.. Todays trades were less based on movement and more on preoccupied mind. Got the lesson so looking for a fresh tomorrow.

 

[Somatung]

Bad trades today : Total Damage : 20 points + brokerage

Never mind, as the next profit will come for sure. Here the other play with the options:

 

[alex_26]

Is Open Interest Increasing or Decreasing near Support n Resistance has any significance in Day Trading..??

 

[manishchan]

Is Open Interest Increasing or Decreasing near Support n Resistance has any significance in Day Trading..??

Only at support and resis, it doesnt make sense. Open interest and volume should be seen along with the trend. If price moves from s/r with big positive change in vol/OI then it means more people areparticipating in the current movement.

 

[Somatung]

@Manishchan

In other charts you showed some kind of support, resistance and the middle line (as I called them buy and sell zones) implemented and those levels/zones had its good values. Why don't you use them any more?

 

[dell]

hi senior's , will u all plz guide me , to get an theme ....

which trading strategies work better in sideways market , which type of systems generates better result , if a trend is not there or it is not mature ......

actually i need ur guidence because i am working on a project , where my aim is to diversify my positions in different systems , to gain consistently , u may see further reference here
http://www.traderji.com/advanced-trading-strategies/92440-random-mind.html

here , i am suceed till now in making of three systems ,
1)trend trading in 15m
2)momentum trading with trend in 3m
3)range breakout in 5 minutes .

now i am in process in making a system which perform better if a trend in not there , or u may say a sideways phase .....
plz give me some initial idea's from ur experience, so that i can carry my research work in that direction....

 

[manishchan]

@Manishchan
In other charts you showed some kind of support, resistance and the middle line (as I called them buy and sell zones) implemented and those levels/zones had its good values. Why don't you use them any more?

Are you referring to the 1st one or 2nd one ? I'm also wondering why I have not been using these.

Today's Trade :

Great day today