Day Trading Futures

[TradeJoker]

Dear arcus Sir,

take it as a joke......
pakistan....

lndia:lol::lol:

 

[niftyoption]

Looks like a -ve divergence forming on NF.. maybe will be clear after 2-3 bars.

Dear TP Sir
15 min chart NF
yes you are correct

 

[Somatung]

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.

Had a look at your chart. It clearly shows at Fibo 38.2 you could go short with a stop loss which is adequate for the day trading. Here the old down trend is still intact according to Fibo rules.

The current chart level shows Fibo 61.8 and according to Fibo rules, this indicates that the up trend is fully intact. Hope you got the point. By the way: Bought back my shorted 6300 put now.

 

[RAAMAKANT]

Heavy Volume on 6200PE............

 

[Gandhar.]

Heavy Volume on 6200PE............

bought 1k @ 2.5 and sold @ 3

 

[XRAY27]

@ 15min time divergence works and @5 min time double divergence works

 

[RAAMAKANT]

bought 1k @ 2.5 and sold @ 3

Oye, Ton ki baat kar, Kilo se kya hota hai............ ?

 

[pratapvb]

checked...broker terminal is updating....data source is updating...but only value is not changing

 

[timepass]

NF 6226 is unbroken for quite some time...

 

[DIVYEDIX]

bought combo of 6250 CE and 6200 PE at 5rs

lets see how much give in the end

it will be interesting, still remember ur last closing day gain of 21 times

but nifty is flat this series compared to Jan