Day Trading Futures

[Somatung]

@Option.Trader

This senior pro option trader has all explained in the past and you should read it. No need for me to explain again what was explained in the past from those guy, as my knowledge is build on his teaching for what ever reason:

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805035

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805044

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805065

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805085

Compare the time stamps with any chart you can find. Analyze what is told from those guy and you will get what I learned from those posts.

 

[pratapvb]

flat open near max pain....not a good beginning for the day...may just be ding dong day

 

[XRAY27]

flat open near max pain....not a good beginning for the day...may just be ding dong day

THEN I WILL SIMPLE DO THIS ON THIS DING DONG DAY

 

[manishchan]

GM Somatung : Thanks for the thread link. I agree that fib levels can indicate probable futures moves but let me tell you where I find fibbo problematic. Here is the daily chart of nifty with the fib levels.

1. Let's say I missed the first big move and want to enter. After Nifty came down to 5933 level and started rising back up, it pulled back from 38% (according to me indicating the down move is still strong. But can I short here ? The next 2 day's bar would defy the action.

2. Current level now probably will return from 62.8% (need to watch what happens today). According to Fibbo, retracement upto 61.8% can mean the trend is still intact. So, here the down move would still be intact as long as 61.8% retrace is maintained. Now, can one enter at this level and still make money on daily chart ? That remains a question.

Please do add your views in your free time.

@Option.Trader

This senior pro option trader has all explained in the past and you should read it. No need for me to explain again what was explained in the past from those guy, as my knowledge is build on his teaching for what ever reason:

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805035

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805044

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805065

http://www.traderji.com/options/66266-option-trading-danpickup-32.html#post805085

Compare the time stamps with any chart you can find. Analyze what is told from those guy and you will get what I learned from those posts.

 

[augubhai]

INDIAVIX volumes not impressive

 

[Gandhar.]

INDIAVIX volumes not impressive

bhai the value for the contract is too high
margin for intra = 90k :rofl:
i dont think any one with acc size less than 3-5 lks should venture into trading this

 

[kiran_thiru]

nifty spot is trying to cross yesterday's HOD.
if it stays we will see 6230 in spot

 

[TradeJoker]

nf,nice move

 

[manishchan]

+ diverg in NF ? :eat:

 

[starscream]

pending sl longs at 6123