Day Trading Futures

[nirav_j]

All this is fine. But tell me can you trade 20/30 lots successfully month after month , year after year using your system?

I think the size of the trade depends on an individuals management.
The framework shared by Pratapbhai gives you a very good pictorial view of whats going on.

Say if you are trading 20 lots, and in a fast moving MKT you may not get a fill.

So is the framework to blame or the fact that you didnt punch in a MKT order in such a situation ?

I m not saying you can't make money intraday. I do it on 1H intraday.

I m saying it is dangerous for retail traders to trade lower TF.

I think its just a function of mindset.
Your belief about lower TF trading might have arisen due to your own experiences.

A LOT of people have that view about the MKT all together, irrespective of the TF.
Cant help it.

 

[a1b1trader]

Bank Nifty Future 15 minits chart Diamond Pattren

AFAIK
Diamond pattern is a bearish pattern.

 

[manishchan]

Pennant pattren in nifty future 5 minits chart

-------------------------------------------

"Letting your emotions override your plan or system is the biggest cause of failure."
"If you can't deal with emotion, get out of trading."
" J. Welles Wilder "

TDST resis @ 6145 on the upside looks very strong. I think it will move up only when breaks and sustains.

 

[niftyoption]

TDST resis @ 6145 on the upside looks very strong. I think it will move up only when breaks and sustains.

I Dont Know about TDST BUT , In my view
6160 breaks there is a chance of bullish tendency 6200 - 6280 (it may reach 2 or 3 days)

6160 is the strongest resistence in my view

immediate suport at 6100

---------------------------------------------------
"Letting your emotions override your plan or system is the biggest cause of failure."
"If you can't deal with emotion, get out of trading."
" J. Welles Wilder "

 

[XRAY27]

NIFTY FUT hourly chart
upside above 6160 will have a strong rally measuring the height of the bull trend TDST in hourly is also confirming that

 

[boarders]

why use timeframe at all, instead if candle is broken up with only price ranges, then you have the added advantage of knowing your entry price in advance all the time and can put sl entry order well in advance and get filled at the right price.

 

[OMSAI]

Today nifty future

AAWak.....Chinese lunch......:lol:

 

[OMSAI]

I Dont Know about TDST BUT , In my view
6160 breaks there is a chance of bullish tendency 6200 - 6280 (it may reach 2 or 3 days)

6160 is the strongest resistence in my view

immediate suport at 6100

---------------------------------------------------
"Letting your emotions override your plan or system is the biggest cause of failure."
"If you can't deal with emotion, get out of trading."
" J. Welles Wilder "

I agree with you........my view 6150-6170...............and BNF 10700 is big hurdle:thumb:

 

[nirav_j]

Close above 6157.35 should be good.

 

[pratapvb]

BNF

tough day today