Day Trading Futures

[pratapvb]

It seems like that there were no NF traders to except operator andi placed buy order----triggered, placed SL ----triggered, placed sell order----triggered---- placed SL order---triggered. whole day ye sil sila jari raha !!!
traded like a pig !!! :annoyed::annoyed:

Chech the 60-13 band in bnf and 120-13 band in nf today. Once it is in this band I assume sideways mode and trade as per that until it BOs and trends. If more details are required I should be able to give some more e.g.s and details

 

[Somatung]

Extending the logic further, if we assume a day to be sideways and it proves to be a trend day, the points we loose in stops can easily be recouped many times over in a further trend which develops. But if we assume a trend day and the day proves to be a sideways day and if stops are hit, it is very difficult to recoup those lost points because of sideways day....

Smart_trade

LOL, just wanted to do a post about exact this topic, as not market prediction is the final game. Managing risk and stop losses are the final game. :thumb:

Have a nice weekend

 

[Smart_trade]

LOL, just wanted to do a post about exact this topic, as not market prediction is the final game. Managing risk and stop losses are the final game. :thumb:

Have a nice weekend

Do post...looking forward to it.

ST

 

[Niranjanam]

Markets have changed. IMHO Nifty is not going to trend like earlier in future. Reason is the introduction of XX50 option strikes since last September. Big boys and institutions will have massive option exposures and they will try to defend these areas with their might.

Earlier with xx00 strikes they allowed the retail guys to play around within 100 points and provide liquidity. Now the play ground has shrunk to 50 odd points within which we have to play around. Volatility is cyclical and may be we are at the lows. But still I feel it may not improve much in future.

Just an observation. May be I am wrong.Would like to know your thoughts.

 

[Smart_trade]

Markets have changed. IMHO Nifty is not going to trend like earlier in future. Reason is the introduction of XX50 option strikes since last September. Big boys and institutions will have massive option exposures and they will try to defend these areas with their might.

Earlier with xx00 strikes they allowed the retail guys to play around within 100 points and provide liquidity. Now the play ground has shrunk to 50 odd points within which we have to play around. Volatility is cyclical and may be we are at the lows. But still I feel it may not improve much in future.

Just an observation. May be I am wrong.Would like to know your thoughts.

Yes markets have changed. We used to have 6-7 trend days in a month earlier but now we are lucky if we get 3....

Was reading a blog by a very good trader...his swing trade method is not catching the market moves and he is chaging to a longer term play. Markets do undergo change . And as traders we have to adapt to these changed conditions.

Smart_trade

 

[TradeJoker]

Any who, I think sonika is a dude.

yes, a dude without **** :lol:

 

[XRAY27]

It seems like that there were no NF traders today except operator and me !!! placed buy order----triggered, placed SL ----triggered, placed sell order----triggered---- placed SL order---triggered. whole day ye sil sila jari raha !!!
traded like a pig !!! :annoyed::annoyed:

I'm also Price action trader following swing structure in one min i got only one call which got me a 9 points after cost...i use EMA for filter...

main problem with PA is in the range days ... if you use regular method we will have repeated trades which makes us broker rich for sure

 

[Somatung]

Do post...looking forward to it.

ST

Dear Smart_trade

To make it short as most is told in your two posts:

- In ranges the biggest problems are: Where is S and where is R. For this we have to wait to see it. No other way to find it out. Those spotted range will in general never be perfect and now the game starts. It depends on how we trade the picture or situation. (As you told) Live example beside Nifty: Check the five minute time frame from the S&P 500 from the last few days. Here it is clear:

- Small ranges are in general money killers,
- bigger ranges are money making machines,
- managing risk is a must known for option trading, as even options which are in loss can be recovered through managing them with the right risk and strategy management.
- Stop loss is essential in future trading (This is probably the most difficult part in such range trading)
- Option trading is not a 50/50 game
- Predicting markets is only part of the game and nothing to follow on others, as we by our selfs have to understand the market.
- More or less all big players, which are in the share and future business use options in the background to manage there risk, even by not telling this to the public. They predict markets, but they are not only successful because of this. They are successful because of there excellent MM and risk management, as they know that they could be wrong. And they surely never listen to would like hero market predictors. :lol:

Take care

 

[OMSAI]

Sonika probably assumed that she is the princess and all others are her servants who will come running on her call. She probably thought that seniors get paid here for posting and if getting paid then why are they not doing their duty of continuously telling her what the market trend was and it was none of her job to find of herself what the trend was.

Help can be asked as a request but if someone demands it as if it is his birthright then it will not be forthcoming.

Smart_trade

And you also don't think TJ is our boss.....we are your servant.....TRADERJI by the people,of the people ,from the people......TRADEJI hot cake because of us....be care in your words next time ......you can banned (killed) my ID...but can't banned (killed) my ideas!!!:thumb:

 

[a1b1trader]

Sonika probably assumed that she is the princess and all others are her servants who will come running on her call. She probably thought that seniors get paid here for posting and if getting paid then why are they not doing their duty of continuously telling her what the market trend was and it was none of her job to find of herself what the trend was.

Help can be asked as a request but if someone demands it as if it is his birthright then it will not be forthcoming.

Smart_trade

Very true, ST da

That what I said in my post, that Sonikas approach was not appropriate. It was a wrong approach, to get a thing done.
That why I didnt wrote a post in that thread.

First, no one is being paid here for their views, call, predictions, observations etc.. It is just for help. And there is a wide difference between requesting or asking for help and demanding.

And even, suppose I am being paid for such job, I am answerable to the owner and not to any one else.