Day Trading Futures

[arcus]

Sold a January 6000 PE for 3.3 (and bought 5950 for 0.3 to avoid "unlimited risk")

Market maker baba will take care of me for today

 

[Trader_PK]

today later in day short covering may occur

 

[timepass]

today later in day short covering may occur

I have that feeling too. But then I am reminded of the expiry a few months ago (sometime in 2013) when the market tanked about 150 pts on the expiry day.

BTW, here it is Rs. 500 loss morning morning

 

[RAAMAKANT]

 

[kiran_thiru]

Now here the last chart explanation for today on price action in combination with the triangle pattern. Many thanks to Kiran_thiru to have the patient to let me all that explain on his posted chart. The following chart will spot on the problem you can face by trading triangles on very short time frames. It is as imperfect as every trading pattern on such time frames, so be aware about it and use the idea wisely.

it is a great honor for me that a specialized expert in price action trading, was attract with my chart, and used my chart to share his knowledge with all of TJ's to improve our skills in trading.
it will be very happy, if he continues to share your thoughts in this thread or a new thread from you will br more useful to us.
pls take a look in my opinion.

:clap::clap::clap:

 

[pratapvb]

Sold a January 6000 PE for 3.3 (and bought 5950 for 0.3 to avoid "unlimited risk")

Market maker baba will take care of me for today

max proft is say Rs 2 (less brokeage of 2 legs...maybe lesser)

and potential max loss if BD for any reason is Rs50

doesn't make sense to me or am I reading something wrong here?

 

[vssoma]

what happened to FB, it unavailable for me only or for all

 

[a1b1trader]

max proft is say Rs 2 (less brokeage of 2 legs...maybe lesser)

and potential max loss if BD for any reason is Rs50

doesn't make sense to me or am I reading something wrong here?

So I was amazed to see this trade

 

[Smart_trade]

The downtrend continues as expected. People who got out of long positions 2 days ago must be wondering on that day whether they got out at low point of the move and made a mistake but they now must be thanking their stars for getting out . It pays to be positioned along with the trend...or atleast get out if we are against the trend and not keep holding on hope of help from RRR,Expiry short covering etc.

Smart_trade

 

[timepass]

Looks like a positive divergence on NF, good for 12-15 pts maybe.. not trading it.