Day Trading Futures

[RAAMAKANT]

Actually risk aversion on a news event day. 2 trades in BNF, both the times in the right direction, but booked out at 20-30 pts because of volatility, not wanting a single paisa loss.

Still, booked about 200rs. loss in 6200PE later.

Its very good TP bro. We can not expect only profit from every trade. We have to just keep % and margin of winning trades more.

 

[a1b1trader]

BANKNIFTY Bullish Gartley and Bullish AB=CD daily tf 27.1.14.png

 

[a1b1trader]

NIFTY Bullish Gartley daily tf 28.1.13.png

 

[a1b1trader]

NF +ww daily tf tgt 6490 27.1.14.png

 

[Gandhar.]

BANKNIFTY Bullish Gartley and Bullish AB=CD daily tf 27.1.14.png

NIFTY Bullish Gartley daily tf 28.1.13.png

tgts for these patterns?
also if the nifty dips tomorrow below 6100 will these still hold?

 

[a1b1trader]

tgts for these patterns?
also if the nifty dips tomorrow below 6100 will these still hold?

I cant say for sure
But what I have noticed is,
The last leg keeps extending lower, if price dips down to a certain level.
(The formation of these patterns, is based on a complex calculation)

Although I havent done any study on it, but I have found that these patterns give favourable results, atleast in terms of bullish or bearish reversal, as the case may be (more so in higher tf).

 

[manishchan]

Today's Trade :

 

[pakatil]

AFAIK, Harmonics are based on Fibo Retracement levels.

Fairly good success rate, if located correctly.

 

[niftytaurus]

Hembhai,

Thanks understood it but my doubt was if we use an MA line and take longs if price above ma system and vice versa today no PL in 5 min charts for reversing the trade . May be it fails on days like this but I guess it will make money in the long run .

Hi
I am not experienced trader..but I try to explain it as per my knowledge...MA line is a lagging indicator..so it changes after price changes..when it will change its color depends that how much price is away from MA line...sometimes u will see that prices are making lows 2 & 3 candels ( means red bars ), but Ma is still green...here if u see,at 10:59 candle..MA already turn red..so all lagging indicator cant catch starting of trend & completion of trend..entries & exits are always late on those methods which depends on MA..
Sorry, I am not an experienced trader..but this is just my observations...I just write it ,if it can help
thanks

 

[timepass]

Maruti and SBIN seem to have had some serious bounceback today.

ICICI bank results today, also Bharti and TVS motors. Expecting a choppy day. God save me from myself.