Day Trading Futures

[OMSAI]

Rajbhai,

You may be a rich person...you may deserve to be rich. Why you offer it to traders?...instead offer that money to some poor or poor kids who cant afford for education/food. That will help some one.
If you pay free money to traders they will lose it within no time to market :lol:

One needs to earn it hard way to save it.
Good night.

Cheers, Ananth

I am lucky that I am doing this last 17 yrs.....not money only food and clothes....even every year I donate blood......'karke dekho accha lagta hai'

 

[timepass]

I am lucky that I am doing this last 17 yrs.....not money only food and clothes....even every year I donate blood......'karke dekho accha lagta hai'

Rajbhai, we will continue with the idea in some form, some form more acceptable to the forum masters . I liked it. I liked your sincerity in the offer. It was the technicalities that shot it down this time. I will keep at it, in due time.

 

[timepass]

Sorry Sudoku1, I don't think that Nifty is going to 7979 in a hurry

NF trend DOWN
tgt -- 7575
SGX charts EOD denotes punctured trend.saved d day as our mkt is closed wch otherwise

wud hav made a long trade at d opening bell as per our last EOD

Ha ha.. I told you so :clap::clap:

But, seriously, I am surprised that SGX affects your directional decision to such a great extent.

 

[nirav_j]

Ha ha.. I told you so :clap::clap:

But, seriously, I am surprised that SGX affects your directional decision to such a great extent.

Us MKT, namely S&P 500 gapped up above its 50 DMA at opening. Sgx was trading @ 7819 then ... The slide in sgx happened when S&P 500 crashed to 1940 from a session high of 1963. US MKT however recovered @ closing @ 1955 and closed .5 point abv yesterdays close ...

IMO nf is still a buy on dips, I doubt though if we might see a 100 150 point dip !!


Monday will be very interesting ...

 

[XRAY27]

A few days ago, I had some argument in the other daily thread. The reason was that I was of view that only Fibb can't be the basis of trading while the other person was adamant on it. In fact no one can rely solely on one signal to enter trade because that defies the basis of "Having odds in your favor". See what happened to those who entered based only on Fibbo.

1st instance.. NF did return from 61.2% and shorters made money.

2nd instance.. NF again looked like reversing from 61.2% but failed.

Now, having said this, we all know that not all the trades are winners. Good entries may fail and bad entries may end in profit. As a trader, our ultimate aim is to make money but we should continue to uphold the belief that "There are multiple ways to trade the market and none can say that his method is best and other's are worst." Smart traders are the one who use diff skills as the scenario demands and come out profitable.

PS. - This is not a remark on anyone. These are my personal views and intention is just to re-iterate the fact that there are diff ways to trade the market. Traders can't rely on a single method and must know diff approaches and use them as the situation demands.

ya... manish ji you have done nice job by projecting this fibo series point.
There is no one idea or method to deal with market...with TA being divided into...candlestick pattern,chart pattern,moving average crossover,indicator divergence...etc...final area of rest is PRICE ACTION ONLY..these above case/s may assist you to read the price action..but following them as isolated way for trading...... is HARAKIRI

 

[XRAY27]

5 Obstacles For Traders ,Just Cross Them & See Great Results

1. YOUR EGO: It wants you to PROVE you are right, it wants you to trade big, the ego wants you to be confident in your ability to trade before you are competent in your trading through the right education and experience.

2. YOUR FEARS: Fear makes you afraid to take your entry when it is triggered and afraid to let a winner run thinking it will turn into a loser. Fear comes from a lack of faith and lack of faith arises from lack of the proper study before you start trading.

3. YOUR GREED: It makes you trade too big and too much. Greed makes you want to risk too it all to get rich quick. Greed usually leads to get broke quick trades. Greed wants to take a short cut to success and you have to travel the full road to get to where you really want to go. You have to go through the work and experiences to get to success.

4. NO TRADING PLAN: If you do not have a map it does not matter where you want to go you will end up somewhere else. Every trade should be planned when the market is closed and then executed reacting to prices when the market is open. With no plan long term results are virtually impossible.

5. YOU: The weakest part of any trading system is the trader that is suppose to follow it. If you do not put in the work to develop a trading plan that fits you, develop and keep discipline, manage your risk, and stick to the plan regardless of how you feel then no trading system will work for you.

Source:Internet

 

[sudoku1]

Ha ha.. I told you so :clap::clap:

But, seriously, I am surprised that SGX affects your directional decision to such a great extent.

smtimes HANGSANG too..wel ..i may hav changd my views a quadruple times frm feb..bt only aftr mkt close n revrtd back befor mkt open..meaning d trade nevr revrsd xcept last week wher it chopd 200 points wch i hav mentiond in my post.all in all..its a fantabulous journey frm 6100 to 7800 minus 200 points.

 

[Smart_trade]

We have no control on the way the market will move, but we can control our actions. So best is to think about the following every day :

1) How does the market look as of now...what is the trend ,up or down...at what point the trend is likely to change and at what point we can be confirmed that the trend has changed for sure...( no guarantee that it wont reverse again).

2) If the market goes in direction of my position what is going to be my action ?? Add...move profit taking level/ stops ...take partial profits or do nothing.....we must think about these scenarios and be ready with the action plan so that in the heat of the market, we have no indecision,no confusion...

3) This part is more important...if the market moves against my position/view ...what am I going to do ?? get out of positions...or release part of the positions...or reverse...what is the levels to decide that....what is my new stoploss....a clear idea of plan of action is very essential to be thought out in advance before we start trading.

4) If the trend continues in our direction, are there any more opportunities which we can look at ?? how is the RR ? What is our total risk....do we carry the new trades overnight or get out at the end of the day....

A clear plan of action is very essential for effective and fearless execution...you have thought about all these probabilities so there are no surprises and no panic...

Smart_trade

 

[sudoku1]

Trial n error is one of d basic bt very imp menu in trading.no trader is born perfect..a lesson d mkt taught me 2 remembr wenevr i get wipsawd.

 

[OMSAI]

Two Powerful women leader.....German Chancellor Angela Markel and Hilary Clinton..