Day Trading Futures

[throwawayacc123]

Hahahahhaha, why do you think it should go down to 1290.

It amazes me why traders think where the price should go according to their strategy.

Anything can happen at any time in the markets....that is a fact.

I would also like to add like timepass , there are many traders who don't plan every possible scenario once trade is taken.

Like i said , anything can happen any time. are you prepared to handle every scenario.

The anger timepass is feeling is because he is not prepared for every possible scenario.

This is the reason why every trader should design his own trading strategies with contingencies and proper risk management. if you pick up some strategy on the internet , most probably it will be half baked and you are only going to lose trading it in the long term.

Trading is a hard business. A VERY HARD BUSINESS....

 

[starscream]

I would also like to add like timepass , there are many traders who don't plan every possible scenario once trade is taken.



Like i said , anything can happen any time. are you prepared to handle every scenario.



The anger timepass is feeling is because he is not prepared for every possible scenario.



This is the reason why every trader should design his own trading strategies with contingencies and proper risk management. if you pick up some strategy on the internet , most probably it will be half baked and you are only going to lose trading it in the long term.



Trading is a hard business. A VERY HARD BUSINESS....

Trust me it's a very hard business because it's one which reward is equally great

 

[a1b1trader]

Hahahahhaha, why do you think it should go down to 1290.

It amazes me why traders think where the price should go according to their strategy.

Anything can happen at any time in the markets....that is a fact.

But why not

If your assumption is based on correct technicals, price will move as per your observation/calculation
I have got it correct many times.

 

[Tlahuicole]

Trust me it's a very hard business because it's one which reward is equally great

Any business that will make you rich is either hard or illegal

 

[pratapvb]

I just compared actual NF from 1st Jan till now with the bradley plot (xls).....scary

1st chart is actual NF line chart

2nd bradley as per my xls (I had forgotten about it but dug it up after I saw bradley related posts yday)

P.S. I trade the actual technicals

 

[timepass]

Throwawayacc brother, the anger that timepass is feeling is not because he got out of the PE with 1.5 points loss. But the point is that 8% stake sale is huge, and the range is defined. So fundamentally speaking the scrip should be in a downtrend. The puzzle is, is this upmove a bulltrap ??

Anyway, thanks for the lecture :thumb:

I would also like to add like timepass , there are many traders who don't plan every possible scenario once trade is taken.

Like i said , anything can happen any time. are you prepared to handle every scenario.

The anger timepass is feeling is because he is not prepared for every possible scenario.

This is the reason why every trader should design his own trading strategies with contingencies and proper risk management. if you pick up some strategy on the internet , most probably it will be half baked and you are only going to lose trading it in the long term.

Trading is a hard business. A VERY HARD BUSINESS....

 

[throwawayacc123]

For timepass,

if you look at axis bank(Futures) on 1h , you will see a pin bar closing @ 12.15. This usually indicates seller have possibly come but the very next bar broke the pin on the up side indicating even stronger buyers and also buyers have trapped all the sellers who created the pin bar. This is what i meant by anything can happen and you should be prepared for all possible scenarios after EVERY bar in terms of risk management and reversing your entries.

you can do this only if you can read PA , relying on indicators only cannot tell you if something has changed.

 

[throwawayacc123]

Throwawayacc brother, the anger that timepass is feeling is not because he got out of the PE with 1.5 points loss. But the point is that 8% stake sale is huge, and the range is defined. So fundamentally speaking the scrip should be in a downtrend. The puzzle is, is this upmove a bulltrap ??

Anyway, thanks for the lecture :thumb:

Fundamental come in to play on daily TF and higher and not in intraday TFs.

I don't know what TF you are looking at.

 

[DIVYEDIX]

Elementary, my dear Watson !!

They were supposed to have a 8% stake sale today with price range 1290-1357.
But this fellow has broken 1357 and is moving up, after giving KLPD to the bears at 1325.

Anyway, Nifty spot seems to be in love with 6500, staying around it all the time.

yes as per pure economics due to heavy sale price should come down

but think otherwise less govt stake means less govt control ie. more free to make decision or in other words more profit

 

[timepass]

Fundamental come in to play on daily TF and higher and not in intraday TFs.

I don't know what TF you are looking at.

I think that the fundamentals come into the play all the time, it's just that intraday is usually more news/event driven.

I was looking at 5 min and that's what allowed me to get out with a small loss.