Day Trading Futures

[bapu4]

Hi Gandhar,TP,Nirav,Stock72,ST,Pratap,Augubhai,Manish,a1b1 and all brothers,
I have found a very interesting thing about charts . Ofcourse, it requires further working and lot of interpretative capacity !! So, i am requesting u all to let us work on this method and i hope to unlock the treasure ! This is very interesting method and simple too !!

What i do is that :
i draw horizontal lines to swing pivots or major reversal vertices and draw trend lines .

the intersection points of these two lines (horizontal and inclined) give me very interesting information i.e. considerable downside or upside .

I am enclosing a chart here for ready refrence and will keep posting other charts also as i find .

 

[a1b1trader]

I am looking for the following 3 trading opportunities

1. As mentioned in an earlier post, if crosses and holds 6555/60 then can see 6575-80. Yesterday, resisted at 6554

2. If falls below 6510/6490 and remains below 6490, then we can see 6450/6435

3. If falls and reverts, most likely from 6510-6490 zone and holds 6520-30, then we can see higher levels, may be around 6620, today/tomorrow. In my opinion, this should be the position.


These are just my observation

How the market opens. Actual position will be known only after that

Use proper SL/TSL
Take care

 

[RockyRobust]

Hi Gandhar,TP,Nirav,Stock72,ST,Pratap,Augubhai,Manish,a1b1 and all brothers,
I have found a very interesting thing about charts . Ofcourse, it requires further working and lot of interpretative capacity !! So, i am requesting u all to let us work on this method and i hope to unlock the treasure ! This is very interesting method and simple too !!

What i do is that :
i draw horizontal lines to swing pivots or major reversal vertices and draw trend lines .

the intersection points of these two lines (horizontal and inclined) give me very interesting information i.e. considerable downside or upside .

I am enclosing a chart here for ready refrence and will keep posting other charts also as i find .

In The above two charts you have posted , what you say is quite clearly visible. Makes sense to explore the possibilities.

 

[XRAY27]

@pratap sir
what is the hold postion area for BNF under positional is it 30-13... Please clarify

 

[manishchan]

Hi Gandhar,TP,Nirav,Stock72,ST,Pratap,Augubhai,Manish,a1b1 and all brothers,
I have found a very interesting thing about charts . Ofcourse, it requires further working and lot of interpretative capacity !! So, i am requesting u all to let us work on this method and i hope to unlock the treasure ! This is very interesting method and simple too !!

What i do is that :
i draw horizontal lines to swing pivots or major reversal vertices and draw trend lines .

the intersection points of these two lines (horizontal and inclined) give me very interesting information i.e. considerable downside or upside .

I am enclosing a chart here for ready refrence and will keep posting other charts also as i find .

Hi bapu4 : I don't understand the ichimoku. But are you trying to say that the cross of horizantal nd inclined trendline acts as s/r ? That is the usual way to identify s/r. Please correct me if I misunderstand what you are trying to say.

 

[niftyoption]

Thought for the Day

Trading is a psychological game . Most people think they are playing against the market,
but the market doesn't care. You are really playing against yourself.

Martin Schwartz

 

[timepass]

Hi What i do is that :
i draw horizontal lines to swing pivots or major reversal vertices and draw trend lines .

the intersection points of these two lines (horizontal and inclined) give me very interesting information i.e. considerable downside or upside .

It's not conclusive, just a minor indicator. With any trendline, the price tends to revert to the trendline for support/resistance.

 

[timepass]

So, the day begins with a bang !! Infy down 250Rs..@3420

 

[niftyoption]

Infy

3,388.00
-283.30-7.72%
:annoyed:

 

[throwawayacc123]

Infy

3,388.00
-283.30-7.72%
:annoyed:

were you long overnight?