Day Trading Futures

[kiran_thiru]

dikhaya climax ka dhamki.
sbin sudden jump from 2045 to 2074 within 15 min.

 

[kiran_thiru]

High of 74... then crash to 50

bhai r u traded that

 

[timepass]

bhai r u traded that

No boss, my stomach was full from earlier SBIN 2050PE .. got 4 rs. in that

 

[kiran_thiru]

No boss, my stomach was full from earlier SBIN 2050PE .. got 4 rs. in that

fine. keep going.:thumb::thumb::thumb:

 

[niftytaurus]

Good evening all
here is today's sbi-cash chart

1)In opening 5 minute,sbi tried to break yesterday's close but couldnt success...then it move uo..opening range candle shows ..there is a war between bears & bulls.but bull win it slightly...so look for further price action...then a pull back..candle analysis shows its a very weak pull back...PDC & brn gives a good support..but due to psychology,a little bit hesitant..so souldnt take entry at 9:40 candle opening..this candle gives nice 9 point move...missed it...so tempted to enter but cotrol...wait for another pull back...this pull back came in a the way of a small consolidation..entered around 2057...this range continues 1 hour..boring but that's market..
2)after a nice move up..price crossed OR high ..that or high is also close to a very important resistance point as it also constituted by a major swing which can change 5 min trend..so its important to see how price react after breaking it..after touching 2070..no follow up for up move...showing bull weakness...but have to wait..as no sign of strong bear also ..this could be FTC...exit my longs on small consolidation....but confusion is there..this consolidation could be acculumation or distribution..?but only 2 candle are bullish out of 7 candle after making high...bears are there...but lets market decide..where to go...bear should show their power ,breaking a pivot low ...wow ! what a move...bears come with full force..but I exited at PDC..because today is expiry..so better to exit early & stay out from market....this move took support at PDL...
3) this could have been a very good trade...as price takes support at PDL..but I always afraid of taking trades in last hours of expiry day..I have already burnt my fingers on such expiry days & high volatility time ( like rbi announcements etc )..so I have a kind of fear of any market which makes vilolent move in any way..its like a driving a high speed racing car without any break...may be in future,I overcome that fear.but at present I dont dare to take those trades..anyway...so PDL halts the down move & give good supprt..pd close & brn were also near by..all are giving good support to good move...& see..it touched PDH...

Thanks

 

[manishchan]

Very good thought process niftytaurus. Don't worry about the missing trades. As long as you are able to interpret what the market is saying in the real time and act accordingly, it's perfect. Sometimes, misses happen. But trades will always come later.. Market will always be there forever. What we strive to improve is whether we are able to interpret the moves right or not in the real time and understand what the certain script is indicating. Once our eyes and mind are trained to interpret, and we can do it consistently, we are way ahead on the path to become a successful trader.

BTW.. do you trade only SBIN or any other scripts too ?

Good evening all
here is today's sbi-cash chart

1)In opening 5 minute,sbi tried to break yesterday's close but couldnt success...then it move uo..opening range candle shows ..there is a war between bears & bulls.but bull win it slightly...so look for further price action...then a pull back..candle analysis shows its a very weak pull back...PDC & brn gives a good support..but due to psychology,a little bit hesitant..so souldnt take entry at 9:40 candle opening..this candle gives nice 9 point move...missed it...so tempted to enter but cotrol...wait for another pull back...this pull back came in a the way of a small consolidation..entered around 2057...this range continues 1 hour..boring but that's market..
2)after a nice move up..price crossed OR high ..that or high is also close to a very important resistance point as it also constituted by a major swing which can change 5 min trend..so its important to see how price react after breaking it..after touching 2070..no follow up for up move...showing bull weakness...but have to wait..as no sign of strong bear also ..this could be FTC...exit my longs on small consolidation....but confusion is there..this consolidation could be acculumation or distribution..?but only 2 candle are bullish out of 7 candle after making high...bears are there...but lets market decide..where to go...bear should show their power ,breaking a pivot low ...wow ! what a move...bears come with full force..but I exited at PDC..because today is expiry..so better to exit early & stay out from market....this move took support at PDL...
3) this could have been a very good trade...as price takes support at PDL..but I always afraid of taking trades in last hours of expiry day..I have already burnt my fingers on such expiry days & high volatility time ( like rbi announcements etc )..so I have a kind of fear of any market which makes vilolent move in any way..its like a driving a high speed racing car without any break...may be in future,I overcome that fear.but at present I dont dare to take those trades..anyway...so PDL halts the down move & give good supprt..pd close & brn were also near by..all are giving good support to good move...& see..it touched PDH...

Thanks

 

[Somatung]

Very good thought process niftytaurus. Don't worry about the missing trades. As long as you are able to interpret what the market is saying in the real time and act accordingly, it's perfect. Sometimes, misses happen. But trades will always come later.. Market will always be there forever. What we strive to improve is whether we are able to interpret the moves right or not in the real time and understand what the certain script is indicating. Once our eyes and mind are trained to interpret, and we can do it consistently, we are way ahead on the path to become a successful trader.

BTW.. do you trade only SBIN or any other scripts too ?

Nicely explained.

 

[niftytaurus]

Very good thought process niftytaurus. Don't worry about the missing trades. As long as you are able to interpret what the market is saying in the real time and act accordingly, it's perfect. Sometimes, misses happen. But trades will always come later.. Market will always be there forever. What we strive to improve is whether we are able to interpret the moves right or not in the real time and understand what the certain script is indicating. Once our eyes and mind are trained to interpret, and we can do it consistently, we are way ahead on the path to become a successful trader.

BTW.. do you trade only SBIN or any other scripts too ?

Hi
Thanks for your reply & encouragement..
what you sais is excactly right ..I am trying to do what you mentioned above in blue letters..
frankly speaking,I dont tell my trading as trading...as I just trade only 2 shares..so its as good as paper trading...my emphasis on right execution at right time..so I am trying to make my entries & trade management as perfect as When we trade on EOD chart...so my object for now is execution of just 1-2 setups..
In live market , from this method ,I see only 1 chart on 1 time frame..so only SBI right now..but after market hour..I practise at least 10 other scrips ( I dont have bar replay facility in TT,but I start from 1 candle & hide other candles..& try to take trades as bar replay method)...

But I am trying a method related to divergences also & trying to trade in real market..on those trades ,My decisions based also on PA..but that method needs less attention as my main method...so just trying it ..as today I take trade in wipro wipro & zee entertainment by that method...
Thanks

 

[cloudTrader]

TRY THIS .... I TRIED ... AMAZING !!

 

[Somatung]

TRY THIS .... I TRIED ... AMAZING !!

Good one and an old friend of mine told me this in the past: If we have big screens and watch any chart, we move away from it for a few feet and do again a new chart analyzes.

:clapping::clapping: