Day Trading Stocks & Futures

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Hi St da,

I guess the bounce from low is the exit strategy for short trade. Am i right in this assumption ?? And for long it would be fall from high.

Should we keep that candle's high as TSL for exiting from shorts if it is rising from low and closing on the candle' s high ?? Or we should exit at the close itself ??

Regards
Taiki

Yes I was talking with todays downmove in mind. In upmove, it is whether it makes a lower high or not is to be seen.

Just see todays 2:10 and 2:25 bars and the feeble 1-2 bars upmove we had...that movement shows that the market has yet more downmove left...can you make that out from those bars and the subsequent bars ??

ST

 

[Taiki]

re: Day trading Nifty & Banknifty Futures

Thank you ST da..

I have encircled them in 5 min chart. Are they correct ??

What I noticed is those up candles, even if they are attempting to bounce from high, they have not taken the previous red candle's high and closing in its range.

So is it the range close that confirms more downside ??
And should we exit from short once the bounce closes above the red candle's high ??

Regards
Taiki

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

1-2 small bullish candles in the belly of a strong bearish candle means more downmove.In fast downmoves, bring profit taking stop to the high of bar after new low is made.

ST

 

[msa5678]

re: Day trading Nifty & Banknifty Futures

@ST

One question I ask you now. Not sure if I have to ask you or to ask TJ: We have the possibility to use a signature. I mean that is fine. Even I do it. Now when I go through the posts, in many cases I nearly do not see any thing else compare each time three quarter of the space of a posts is used for signature and four or five words are written as a new post in the rest of the used space.

Shouldn't it be the other way round or don't you think so? Would it make sense to cut all those abnormal huge signatures down to a normal level with clear rules about how a signature can be posted and how large it can be?

Take care / DanPickUp

Better to move the signature to the top band, where there is a lot of space between user id and the locator data of the user.

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Better to move the signature to the top band, where there is a lot of space between user id and the locator data of the user.

Well, I am not in charge of that nor can I make any decisions about that. ST and TJ have the possibility to go for and discuss such ideas. I am sure your idea was seen from ST and what ever the outcome of the decision is, we will see. Hope you are fine a very late: Happy new year also to you. Take care / DanPickUp

 

[HEM]

re: Day trading Nifty & Banknifty Futures

@ hem, TFA = ?

TFA = Time Frame Amalgamation

 

[msa5678]

re: Day trading Nifty & Banknifty Futures

Well, I am not in charge of that nor can I make any decisions about that. ST and TJ have the possibility to go for and discuss such ideas. I am sure your idea was seen from ST and what ever the outcome of the decision is, we will see. Hope you are fine a very late: Happy new year also to you. Take care / DanPickUp

The idea is to make the posts easily readable, Most of the times it becomes difficult to understand which is the post and which is the signature. Wish you a belated happy and prosperous new year .

 

[HEM]

re: Day trading Nifty & Banknifty Futures

Nice trade Hem bro..
But you sold all at 3:25, means you initiated the overnight positions at that time ?? Or did you mean you covered intraday short ??

Regards
Taiki

Sorry mistakenly typed sold instead of covered and now corrected...


HEM

 

[Trader_PK]

re: Day trading Nifty & Banknifty Futures

*****The Difference******

What Arvind Kejriwal spoke about, today in Delhi assembly..!
1. Electricity tariffs
2. Water supply.
3. Regularization of contract workers.
4. Jan lokauykta bill.
5. Audit of electricity discoms.
6. Investigation of corruption cases
7. Regularization of unauthorized colonies
8. Resettlement of slums.
9. Betterment in health and education sector.
10. Improvement in water supply.
11. Increasing the no. of sanitation facilities
12. Giving benefits to the farmers.
13. Decentralization swaraj system.
14. Giving new jobs.
15. Improving the conditions of night shelters.
16. Making a special system to address woman grievances.
17. Increasing the no. of fast track courts.
18. Special protection force for woman.

Issues BJP talked about...!
1. Arvind is a traitor
2. He cheated anna
3. He travelled in metro breaching all rules..!
4. He is not a AAM AADMI..!
5. His assets are more than 50 lakh..!
6. He is having a deal with cong.
7. He swore on his children and brroke his promise..!

blah..blah..blah..!

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

All world markets in RED, SGX NIFTY Future @ 6194 , so 60-70 gap down opening , good for positional short traders