Day Trading Futures

[XRAY27]

Dear XRAY27, at least you use MA. I don't see charts nowadays - only trade based on Price Swings & Fibo levels. Here is the entry on my trading log for today -
Short term take - yesterday' s high of day could be a reversal (7735) as the previous swing high was 7740. The prior lows are 7540 & 7593 - Lower Lows. If extended for couple more swings, we see the highs are 7735, 7740, 7791, 7840 (all time high now). The TOPS are coming down. The corresponding BOTTOMS (latest to oldest) are 7540, 7593, 7707, 7595.
If I ignore 7707 low, then the 7590-7540 offers good support and the 7740-7790 offers the resistance.
Short at 7735-40 with SL at 7790 break. Should be able to get 7590 at least. 7614 is the 61.8% retracement for the upmove. Reward is (7735-7615 = 120) and the Risk is (7790-7735 = 55).

At present iam not using any fibo/MA ......only price swing with Time analysis ...i just quoting the words of ST for the initial start of trading with lower time frame...as the times goes with experience we can eliminate all and concentrate on price action only

 

[Pradeep Narayan]

Absolutely - end of the day trading is as simple as buying and selling with proper risk management. The indicators serve to hypnotize us with their colors and patterns

 

[timepass]

Looks like a rectangle pattern first (Range 14500 to 15500).
I feel the trendline is wrong, my view

It's that gap-up around 14200 which I think wasn't adequately filled. Hence I am thinking of a downside sometime this month.

 

[LivetoTrade]

Ten Rupee Note of British India

 

[TradeJoker]

Did anyone notice the growing new Ads of mutul funds, there r many new schemes, even local news paper has full of them

 

[sudoku1]

Ten Rupee Note of British India

do u own it ? Its precious.

 

[umesh12]

did dis happen 2 u before ?:-D

Velly jolly

 

[XRAY27]

Opened today's ledger...in happy note..

now on Tsl move

 

[LivetoTrade]

do u own it ? Its precious.

No sudoku

 

[RAAMAKANT]

Done for the day, going to the office.
See you tomorrow................ :thumb: