Day Trading Futures

[manishchan]

BNF & NF Hourly Picture.. Could it possibly move back up from here.. let's see

and EOD

 

[OMSAI]

and EOD

13.5k in danger zone.......Any time my (before April exp) TORPEDO will hit :lol:

 

[Tlahuicole]

Hi Tlahuicole,
Read your post in day trading futures thread and congrats for you good rank in trade mogul.
About me:
I am a pure system trader doing well as of now but have tries the strategies in my diff markets, they donot seem to work as dynamics are really different. I was hence thinking to learn the art of price action trading.
I am saying this before you coz i am of the same age group as you are and probably with same amount of trading experience, So there would be no inhibitions.

I have quite a few options in mind:
1) read al brooks
2) read the vwap trading style by pratap
3) read nifty nirvana

Plz suggest how did you go about it and what would help me the most.

This query is not aimed at Tlahuicole only, seniors willing to guide can also share their views.

Thanks,
Purusharth

Hi Purusharth,

Please let me know whether your system is designed to trade sideways market too? If you can post your system I might be able to help. I got advice from ST and Pratap before implementing my system. Please let me know what is the issue you are facing with your current system.

 

[purusharth]

Thanks for your reply,

Friend I am not looking to make changes to my current system as it is manual and under automatic execution. So making changes in it will involve a lot of hassle as it would have to be coded again.

I was just you requesting to share your path towards learning to trade with price action (coz that would be the next step for me in trading field). And what material helped you most (i know its upto the individual to make use of it in his own way).

Thanks again.

 

[DIVYEDIX]

Possible insider trading in Sum Pharma/Ranbaxy.

http://economictimes.indiatimes.com...ider-trading-sources/articleshow/33505646.cms

insider trading it is an old issue
tell me in this market which company doesn't indulge in it

earlier some might have swear by Infosys but not now
nowadays some may vouch for Wipro but I will still remain sceptical

 

[a1b1trader]

Reached 6765 but not sustaining above it.

In case NF today breaks the talisma of 6775 and then of 6800
Then we can see a new high today
Not even today but tomorrow also.
I am looking for a good upmove after 6800, the uncharted area
(Though I know the number but cant say here)
All will call me crazy.

And in case not, then
Bhagwan hi malik hai.
Already posted can see a fall in stages.

6825 already mentioned a few days back

Above this, I have to check, as above 6800 is uncharted area.
So cant say for certainty (even that is true for now as well)

Where as, I can read it should be 6850 and then around 6875/90

Use proper SL/TSL
Take care

As anticipated NF zoomed after 6800 to 6847, near to first target of 6850.

Now for today (10.4.14)

If C & S above 6860/65 then can reach around 6900 levels.

Or

May consolidate for some time, if unable to move above 6860/65

Take care

 

[a1b1trader]

BNF may zoom up, once C & S after 12900
One target already posted

Actually in normal course, I do not track BNF

Use proper SL/TSL

Though it was a typo,
Instead of typing 12800 I typed 12900, by mistake
But
Even then BNF zoomed to 13048.

Now
Though I am looking for more than 13500 for BNF in near future.
But, Sorry can not time it (may happen today or may happen in few days)

But
If C & S above 13075/90
Then can see 13180/200 levels
Will update around these levels.

Use proper SL/TSL
Take care

 

[a1b1trader]

As anticipated NF zoomed after 6800 to 6847, near to first target of 6850.

Now for today (10.4.14)

If C & S above 6860/65 then can reach around 6900 levels.

Or

May consolidate for some time, if unable to move above 6860/65

Take care

Holding 6825/20
NF can zoom to a new high today
Soon will reach around 6865/70

 

[a1b1trader]

Dear friends

As you all know that now, above 6848, it is an uncharted area.
And I will post my observations to the best of my knowledge and will be more careful.

But due to uncharted area, I may go horribly wrong, as I have no way to get confirmation to my levels and may go wrong (may add that this possibility can arise in charted area also)

So please please trade only with strict SL/TSL

Take care

PS
May add that till we are above 6825/20 or to say 6800 NF, we are safe for longs.

 

[Trader_PK]

BNF falling without me .. so annoyed


Now it made low below today's low .. will sell now if this goes further dwn