Day Trading Futures

[manishchan]

GM All..

We all in this thread :

Market :

(Hehe... only pun intended )

 

[pratapvb]

some trading psycho babble by me put here http://www.traderji.com/trading-psychology/92516-need-psychology-books.html

P.S. A lot of those things I am also still struggling with

 

[manishchan]

we are again near maxpain and expiry only 4 days away on wednesday

What does it mean ? I mean.. what is the interpretation please ?

 

[pratapvb]

What does it mean ? I mean.. what is the interpretation please ?

maxpain is 6100 with likely expiry at current OI at 6127...every attempt now will be done to keep mkt around these levels unless some news changes the dynamics...in which case OI could also change

FYI last expiry max pain 2day before expory was 6150...then last day came down to 6100....and likely expiry was showing 6078 and thoughout morning of expiry day traded neare 6030 levels...but at EOD went up and close at 6072

just tracking this for last 2-3 months....only one month mkt was affected by major news and went tottaly away....in such cases also move away is strong as option sellers will also short to protect the positions as mkt is going away from it (this is last day dynamics)

so in expiry week I just keep an eye on this every day

 

[DIVYEDIX]

I will not trade intraday more than 10lots....that is 10L capital (my MM is 1 lot per lakh) ...rest will be on different TF / method

mixing and matching multiple TFs infact has the added advantage of getting best of both worlds.....

so one has to create a balance.....

but to the main point of my contention...even I do the above it does not mean I can't make money intraday.....

isn't it bit conservative considering u have set rules and trade according to them

 

[pratapvb]

BNF

 

[pratapvb]

isn't it bit conservative considering u have set rules and trade according to them

1lot per lakh?

no....my avg SL in bnf is 30-40 pts....


so 1lot per lakh is about 1% risk per trade intraday

 

[RAAMAKANT]

Nifty.......

 

[a1b1trader]

If NF able to cross 6140-45
Then can see 6165 - 70

Take care

Got stuck in sideways movement
Can see 6140-45 again

Keep SL below 6135

 

[XRAY27]

Got a 14 points profit in intra...6136 buy and 6150 sell...
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