Day Trading Futures

[kiran_thiru]

Thank God IBC not supplying data to meta trader

thank you. so i don't need their RT.

 

[Vertigo_1985]

Ok here is how I traded .... This is the first time I traded news event because I had decided not to trade any event. So trade was only with 1 lot just to test whether it works or not.

Logic : Read somewhere in TJ only about this. Can't remember the thread but someone traded like this in Jan'14 (last RBI meet). First thing is we need to know what market is expecting. Here.. the large expectation was that there will no rate change. Also, right before the announcement (11 pm) there will a wild move and we need to watch that becuz that is usually a trap. Here it was at around 11:57 the price tried to break down the LOD and YL but didn't sustain. This gave a clue that the move was fake. So, i took long with 1 lot and SL low of the red candle. My target was HOD which it did reach but was too fast to close my tread to closed on lil pull back. After the announcement of no rate change which was expected, market didn't move up (had it been some surprise, we might have seen it above 13k). So after some see - saw the price zoomed down. I didn't trade that because I was done for the day and I had some work out side... but looking at the move.. I can just feel

Anways.... this trade is not a proven set up.. I just used it based on how I see things and may not be the right way. I usually take support from pratap's afl clubbed with price action for my trades.

thanks for the detailed explanation, one has to be nimble to take these trades :thumb:

 

[OMSAI]

Thats what I meant Vertigo.. but on a lighter note . Im outside now. Will post the chart when back home.

Manish your PM is Full please delete old ......:thumb:

 

[manishchan]

Manish your PM is Full please delete old ......:thumb:

Done.. Thanks

 

[OMSAI]

Done.. Thanks

:lol::lol::lol::lol:

 

[Smart_trade]

Manish your PM is Full please delete old ......:thumb:

Done.. Thanks

:lol::lol::lol::lol:

Sharing some jabardast tip/information ? I get only complaints in my PM Just joking.....

ST

 

[OMSAI]

Sharing some jabardast tip/information ? I get only complaints in my PM Just joking.....

ST

ST bro your INBOX always full.......is it clear now?:thumb:

 

[Smart_trade]

ST bro your INBOX always full.......is it clear now?:thumb:

Made some space....

ST

 

[XRAY27]

@ST da,

What are the main area/s to be studied to develop re entry rule if we exit earlier basing on pivot close with in the cluster

 

[OMSAI]

Made some space....

ST

Enjoying BAN Vs Aus T-20 Match......on April fool day......sabko fool banane k kaushis kar raha hu.....lekin Manish ne muje fool bana dia.....he is so clever....:lol::lol::rofl::lol::rofl: