Day Trading Futures

[Gandhar.]

Nirav Bhai,
I am happy that some of the members a getting interested,actually I find this method quite simple yet highly promising,the problem is 1.The correct interpretation.2.which pivots/lines speak what.But surely they speak alot,you can see they are very good falls and rises which can give one a very satisfying amount.
what I need is contribution from members for correct interpretation.(If I am not clear what i mean by Interpretation please let me know).
Manih bhai,
I got you presently you may be finding the charts lill clumsy because of Ichi,I will try posting Ichi free charts If you like that way.But presently alll can wacth what happens to Ambuja cement in coming few days...
Tx

vivek bro
i think it will need some more time and data
we also have to look that whether declining/inclining trendline intersects with s/r(near or far) what happen in those situation each may or may not give the same result

add--- i think its not that simple as it looks

 

[XRAY27]

3 Advantages of Using Longer Time Frames


Choosing a time frame to trade on depends a lot on your personality. An adrenaline hungry trader will likely seek shorter time frames and more action, while a calm-seeking trader will prefer longer time frames and sitting on a position for a longer period of time.

Even if you like the fast action, there are still 3 significant advantages in trading the longer time frames.

1.Avoiding over-trading: Trading on shorter time frames means entering and exiting trades relatively quickly. So, you can squeeze in more trades in a short period of time. Highly disciplined short-term traders manage to put themselves in an isolated room, trade for a pre-defined period of time and then leave it altogether. For others, it doesn’t work that way: quick success raises the appetite for more trades and over trading. Failure to make profits in this limited time often calls for “revenge” (which is quite disastrous) and this can lead to more trades as well.

2.No noise: When trading short time frames, you are much more dependent on momentary flow action in the markets. Such sporadic moves can undermine your analysis quite easily. Any exporter or importer placing a large enough order in the market according to his needs can rock the whole boat. On higher time frames, this kind of action isn’t felt.

3. No need to look at higher time frames: When trading lower time frames, you need to see the bigger picture as well, and may require looking at one or more higher time frames. This complicates the analysis and the trade.

SOURCE:INTERNET

 

[bapu4]

vivek bro
i think it will need some more time and data
we also have to look that whether declining/inclining trendline intersects with s/r(near or far) what happen in those situation each may or may not give the same result

add--- i think its not that simple as it looks

Ganhdar bro,
I fully agree(its not that simple as it looks),the reason is interpretation!Thats why I have posted it here we all will come up collective with some good method.Regarding data what we can do is we can back test the charts of various scrips/indices on chart ink.You try doing it you will find it interesting.One more thing , the interpretation of rise and fall depends on few things (i Request all to verify this during their study)
1.Median of BB and location of price below or above,the rise and fall also will be accordingly.
2.The horizontal line above or below the price.
3.The trend line If it is rising on and the Horizontal line is above price then it should indicate fall(off course BB median ha to be considered) and vice versa.
Why I am interested is that one gets good price movement at least 10-20000 rs.Secondly you know the movement in advance,if interpretation is correct.
Tx

 

[pakatil]

Dow 200+ pts down........Sgx 6475........

Tomorrow looks like gap down.

 

[LivetoTrade]

Dow 180-200 points

Infy ADR -4.3%
Icici ADR -3.1%
Tata Motors ADR -1.7%
HDFC Bank ADR -1.1%

 

[LivetoTrade]

Magnitude 6.4 earthquake hits off Japan, no threat of tsunami.

LOL, wonder how all of these come together !!!

 

[Somatung]

Dow 200+ pts down........Sgx 6475........

Tomorrow looks like gap down.

Most probably reason for this: Federal Budget Balance (Previous about - 10 Bil and forecast about - 220 Bil) Definitive result still not open to the public

 

[LivetoTrade]

Most probably reason for this: Federal Budget Balance (Previous about - 10 Bil and forecast about - 220 Bil) Definitive result still not open to the public

Yellen was welcomed in a similar way by the market when she took charge, and 18th/19th Fed meeting is scheduled.

 

[nirav_j]

SGX clocked a Low of 6461.

US down about 0.8% ... Made a Low of 1845.81 which is a short term TDST ... Europe closed in Red too.

Did the Russians start shooting already ?

Edit : S&P 500 - 4 hour

Russia begins new military exercises

 

[LivetoTrade]

SGX clocked a Low of 6461.

US down about 0.8% ... Made a Low of 1845.81 which is a short term TDST ... Europe closed in Red too.

Did the Russians start shooting already ?

SGX, in the past, generally has the habit of teasing traders