Day Trading Stocks & Futures

[pratapvb]

re: Day trading Nifty & Banknifty Futures

I have Bought BNF 10900 PE and 11300 call at 380.

One more thing, I have observed BNF follows Patterns more promptly than Nifty........... :thumb:

why?

for BE you will need approximately 500pt move in one direction...maybe slightly less if move comes ealier

but to get even 1:1 R:R you need 900pt move....is that ok? seems strange to me

 

[DIVYEDIX]

re: Day trading Nifty & Banknifty Futures

There's always a light at the end of a tunnel. Just pray it isn't a train!

thanks for the suggestion

just a noob question u trade with the above attitude or u practice ur profession with this attitude

 

[DIVYEDIX]

re: Day trading Nifty & Banknifty Futures

frl ne jhande gaad diye aaj

 

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

why?

for BE you will need approximately 500pt move in one direction...maybe slightly less if move comes ealier

but to get even 1:1 R:R you need 900pt move....is that ok? seems strange to me

No, I trades it differently, once I got clear direction I cut the loosing and add one more to the profitable.
This way I got the direction also for trading future positionally... :thumb:

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

positional view of bnf.....trend is on that brown band

 

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

No, I trades it differently, once any once I got clear direction I cut the loosing and add one more to the profitable.
This way I got the direction also for trading future positionally... :thumb:

Moreover on every Expiry day I take next month BNF options in same way and keep it for one week to gain for 30-40% returns.
It works because, because of expiry in every months last week trend halts and which explodes in new series's first week itself. Its like Expansion after Contraction. :thumb:

 

[Vertigo_1985]

re: Day trading Nifty & Banknifty Futures

anyone from u.p here ? hope they have said their good byes to their beloved ministers going on study tour( poor guys have to work so hard), and people must b enjoying saiffee festival gng on, such a caring up government..

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

thanks for the suggestion

just a noob question u trade with the above attitude or u practice ur profession with this attitude

trading or practicing ,my attitude may not solve all my problems, but it will annoy enough people to make it worth the effort

 

[jain.er]

re: Day trading Nifty & Banknifty Futures

The thread so much better without those political and off trading discussion

Thanks all for refraining...

Thanks to mods to removing the below useless posts....

 

[Tlahuicole]

re: Day trading Nifty & Banknifty Futures

I noticed one thing not sure whether it is applicable in trading, I had studied before Mastering the trade by John carter and he had mentioned if first few bars have few volumes the day is going to be a range day and it will continue to be until an external factor arises to change it.

So, I was checking this today, first 5 bars are inside bars and all 4 bars after first bar fall within first bar wick, so I stopped trading on MP today. I checked the same on two more days in this expiry.

Can this be used to identify range bound days? For US markets only news is external factor but for us in market time itself euro opens. So, afternoon even range can turn into a trend.

I read that book long ago. Anyone using that idea in their style?