Day Trading Futures

[DataRam]

@ Somatung , You seem to be a big fan of price action trading . This is really awesome as the trader who knows in & out of price action will surely be in a much better position.

 

[DataRam]

+3

Date		Opening	Profit/loss	Closing
29-Jan		16724	+1005		17729
28-Jan		15140	+1584		16724
27-Jan		14981	+159		15140
24-Jan		15132	-151		14981
23-Jan		16317	-1185		15132
22-Jan		16333	-17		16317
21-Jan		15718	+615		16333
20-Jan		15491	+227		15718
17-Jan		15964	-473		15491
15-Jan		17237	-1273		15964
14-Jan		17012	+225		17237
13-Jan		18168	-1156		17012
10-Jan		17524	+644		18168
09-Jan		17101	+423		17524
08-Jan		16752	+349		17101
07-Jan		16593	+159		16752
06-Jan		17189	-596		16593
03-Jan		17583	-394		17189
02-Jan		23046	-5463		17583
01-Jan		22808	+238		23046

@ TP bro , good to see you bouncing back. :thumb:

 

[Somatung]

Hi Somatung,

I get the feeling that this is the extra innings - where commentators analyze each and every ball after the match is over :lol:

but really good analysis, though....

Still, there is more behind it. Keep only those little analyzes in your head and trade on them tomorrow. Nothing else. Do it 100% concentrated and then come up with the gaps you see and specially you found in it. That would be the extra, extra innings of it and would give an other push in that direction of trading. I will wait for your next post after you made just for one day such way of trading.

 

[Somatung]

Every great athlete analyzes each and every match.

For each hour of play a chess champion like Viswanathan Anand plays, he analysis each move for several days in post game analysis!

If you don't analyze post match and learn from it, you are bound to fail in your next match!

That are words which lead to successful trading. :thumb::clapping:

 

[augubhai]

Still, there is more behind it. Keep only those little analyzes in your head and trade on them tomorrow. Nothing else. Do it 100% concentrated and then come up with the gaps you see and specially you found in it. That would be the extra, extra innings of it and would give an other push in that direction of trading. I will wait for your next post after you made just for one day such way of trading.

It will be a long wait, because I am only doing mechanical trades nowadays. I tried discretionary for almost a year, and the results were not good. i am a bad trader that way. :lol:

 

[Somatung]

It will be a long wait, because I am only doing mechanical trades nowadays. I tried discretionary for almost a year, and the results were not good. i am a bad trader that way. :lol:

Mechanical or so called system trades can also lead to very successful trading. I have no problem with that and I never would never ever call some body a bad trader when using such kinds of trading systems. I have respect from those who can program such systems and I even have worked with people in the past who only traded on such systems. So, absolute no problem for me.

 

[arcus]

Ed Seykota is a mechanical trader.

 

[DataRam]

Where is RAVI bro ? He has not at all shown up for so many days . I wish he is in good health now.

 

[Trader_PK]

pratap can you post your chart of max pain in Nifty?

and any guess where will nifty expire today?

 

[pratapvb]

pratap can you post your chart of max pain in Nifty?

and any guess where will nifty expire today?

max pain still at 6150

huge gap down....max put OI at 6000

not sure if will see recovery from there....or every rise will be used to short to protect positions

will need to check max pain changes during the day say at 12pm and 2pm