Day Trading Stocks & Futures

HEM

HEM

Trader
#10,471
#10,471
re: Day trading Nifty & Banknifty Futures

Smart_trade said:
Yes, I took short @ 6075 as first it made a top at 6079 and second time failed to take out this top and made a lower top. All this happened in first 5 min bar so you wont see that on the chart . More of a scalping trade....

Short above 6071-2....that is a resistance today.

ST
Click to expand...



I took short below yesterday lod ( below 3:20 pl low) and still holding......... at that time SL was 9:20 bar high and now tsl is 9:55 ph high......:)

HEM

 
timepass

timepass

Moderator
#10,475
#10,475
re: Day trading Nifty & Banknifty Futures

HEM said:
LOD has breached in BNF also.....:)
Click to expand...
Yes, and there appears to be a +ve divergence on stochs - 2 bullets. But I don't think that it is really tradable on the upside and there maybe more downside to make the 3rd bullet. ADX is trending and -DI is greater than +DI.

Again, on expiry days the ADX can be quite indecisive.

You see, BNF 10800PE isn't gaining much now.
 
P

pratapvb

Well-Known Member
#10,476
#10,476
re: Day trading Nifty & Banknifty Futures

that blue-grey line (6053) needs to break to show further momentum

 
jamit_05

jamit_05

Well-Known Member
#10,477
#10,477
re: Day trading Nifty & Banknifty Futures

HEM said:
I took short below yesterday lod ( below 3:20 pl low) and still holding......... at that time SL was 9:20 bar high and now tsl is 9:55 ph high......:)

HEM
Click to expand...
That is a nice trade. Entry at 5 min PL break as the trend was down since yesterday... and since the initial SL was large at 16 points, you trailed it down.

Would you bring the SL further down to 10.30 bar high. Because the break of this pivot high would cause a BDF of LOD?
 
HEM

HEM

Trader
#10,478
#10,478
re: Day trading Nifty & Banknifty Futures

jamit_05 said:
That is a nice trade. Entry at 5 min PL break as the trend was down since yesterday... and since the initial SL was large at 16 points, you trailed it down.

Would you bring the SL further down to 10.30 bar high. Because the break of this pivot high would cause a BDF of LOD?
Click to expand...


Now tsl is above 10:15 ph high........:)


HEM

 
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