Day Trading Futures

[TradeJoker]

Friends : Does anyone know/have used any free screen video recorder an editor ? I hv win 7.

snagit, but not free,why free ? use torrent

 

[arcus]

"I have not become mad. The model code of conduct is already in place. The EC is watching everything, so no Holi this time. Holi khel kar humko phansna nahi hai (I don't want to be in trouble by playing Holi)"

LALU PRASAD QUOTE

 

[amitrandive]

Yes LT,Banks like ICICI bank are high beta stocks so when the market rallies, they rally by higher percentage but when market falls, these high beta stocks get hammered badly.

There were many reasons for the long trade. Inspite of world markets in very bad shape, Nifty was holding remarkably and it was holding 6465-70 level which is -2SD of VWAP where it was taking support.Market tried to break this level 3 times but the support held firmly.( This support holding I did not see in the market as I was away till late afternoon session but could see on the charts on my return ) It was also in between -1SD and -2 SD band of 2day VWAP where it is supposed to take support in most cases.

But inspite of these support, in really bad markets, nothing holds so it is dangerous to get in and trying to hold a falling knife.So when market was not able to crack till the late afternoon session, it was due for a strong bounce and reversal.It is like the proverbial falling knife has stuck in the ground and stopped shaking and it is a time to hold it. With this background when the market broke a important pivot high at 6492 that was a good trade.

How the market reacts to good/bad news gives very strong clues about the course of its future actions.

Smart_trade

Excellent , as always !!!:clap::clap::clap:
Please continue guiding us.

 

[manishchan]

snagit, but not free,why free ? use torrent

:lol: Thanks.. got it and on it

 

[throwawayacc123]

Yes LT,Banks like ICICI bank are high beta stocks so when the market rallies, they rally by higher percentage but when market falls, these high beta stocks get hammered badly.

There were many reasons for the long trade. Inspite of world markets in very bad shape, Nifty was holding remarkably and it was holding 6465-70 level which is -2SD of VWAP where it was taking support.Market tried to break this level 3 times but the support held firmly.( This support holding I did not see in the market as I was away till late afternoon session but could see on the charts on my return ) It was also in between -1SD and -2 SD band of 2day VWAP where it is supposed to take support in most cases.

But inspite of these support, in really bad markets, nothing holds so it is dangerous to get in and trying to hold a falling knife.So when market was not able to crack till the late afternoon session, it was due for a strong bounce and reversal.It is like the proverbial falling knife has stuck in the ground and stopped shaking and it is a time to hold it. With this background when the market broke a important pivot high at 6492 that was a good trade.

How the market reacts to good/bad news gives very strong clues about the course of its future actions.

Smart_trade

While, you have your explanation. No arguments there, but if everyone would just look at the higher TF every once in a while. NIFTY WAS and IS in uptrend.

This was bound to happen sooner or later. Past 3 days NIFTY was consolidation and pulling back in to the up trend and as expected the buyer came in strong..

 

[manishchan]

"I have not become mad. The model code of conduct is already in place. The EC is watching everything, so no Holi this time. Holi khel kar humko phansna nahi hai (I don't want to be in trouble by playing Holi)"

LALU PRASAD QUOTE

And the conversations are happening in code words.. like this.. :rofl:

 

[throwawayacc123]

While, you have your explanation. No arguments there, but if everyone would just look at the higher TF every once in a while. NIFTY WAS and IS in uptrend.

This was bound to happen sooner or later. Past 3 days NIFTY was consolidation and pulling back in to the up trend and as expected the buyer came in strong..

...And if you wanted more clues...if anyone like me was watching/trading the 1 hour , there was a good bull bar closing @ 2.15 after which prices rocketed.

 

[Gandhar.]

http://camstudio.org/

Friends : Does anyone know/have used any free screen video recorder an editor ? I hv win 7.

 

[manishchan]

http://camstudio.org/

Thanks Gandhar ! For now, I installed snagit and it's multiple features are great.

 

[amitrandive]

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 .

Bapu

The strategy you have highlighted is known as confluence of indicators.
Many indicators can be used in conjunction to study and analyze price action like Fib levels, Pivot Levels, Support Levels,Resistance Levels,Trendlines,Price Channels (Hourly,Daily,Weekly and Monthly levels).

Refer for further information
http://www.nobrainertrades.com/2010/05/all-about-diagonal-trendlines.html
http://www.terraseeds.com/blog/2013...when-we-trade-hunting-for-a-good-price-level/
:thumb: