Day Trading Stocks & Futures

[pratapvb]

re: Day trading Nifty & Banknifty Futures

BO bar?? Is it breakout bar? I trade on daily charts, as per daily time frame, 52 week high is 415. If it closes above 415 today, then my stop loss should be today's low price, right??

but for SL you could check 15min to hourly .....bars....

just back check previously....my expectation is that 15min breakout bar won't fail if it is going to continue

 

[manishchan]

re: Day trading Nifty & Banknifty Futures

MY View...

Short Term-Down

Medium Term - Down

Long Term- UP

Thanks guys.. was able to get out at 6226. My system indicated short again @ 6235.. Holding short again @ 6235

 

[The Disciplined Trader]

re: Day trading Nifty & Banknifty Futures

want to play rummy ....chess yaar boring...

i dont have account to play rummy..

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

any 1 playing chess on chess.com. just created id. lets play.

Disciplined Trader(s) should not play during mkt hours

 

[Vertigo_1985]

re: Day trading Nifty & Banknifty Futures

Guyss... I have a question on technical chart. Where should we place our stop loss for stock which breaks 52 week high? The entry is at the breakout point.
52 week high is 415 and my entry is at 415, and if the stock closes above 415, is it wise to keep initial stop loss at 415 or it should be previous support level??
Am talking about Auropharma!!

i am also watching it so i will share my view...
after making high of 411.75 @ 1222 hr pullback are deep almost equal to the upswings so that's showing us that sellers are coming in, which in case it breaks and sustains above 415 would work in long favor as shorts will panic to exit.

if it forms ascending triangle testing 415 i will place buy stop order above 415 with stop loss below the most recent swing low( 1 min)

if it breaks 415 without much consolidation below it i will enter some above 415 and full once it shows that it has sustained above 415, again stop loss below last swing low in 1 min tf.

If my stop loss is hit i will reconsider re-entry if it again sustains above 415 as after hitting my stop loss it should move swiftly down.

The acceleration maybe after 416 or 420 as shorts panic and not 415.

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

any 1 playing chess on chess.com. just created id. lets play.

wats ur id there : the disciplined player :lol:

 

[The Disciplined Trader]

re: Day trading Nifty & Banknifty Futures

wats ur id there : the disciplined player :lol:

disciplined_trader

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

wats ur id there : the disciplined player :lol:

I will play with you chess, if get > 500 rs in NF

 

[The Disciplined Trader]

re: Day trading Nifty & Banknifty Futures

Disciplined Trader(s) should not play during mkt hours

disciplined traders stoploss just got hit. now hands itchy want to divert attention to playing games.

 

[The Disciplined Trader]

re: Day trading Nifty & Banknifty Futures

disciplined traders stoploss just got hit. now hands itchy want to divert attention to playing games.

now playing candy crush saga on facebook. i am in 415 level now. quiet successful in this game..