Day Trading Stocks & Futures

[timepass]

re: Day trading Nifty & Banknifty Futures

http://finance.yahoo.com/news/u-jobless-claims-fall-four-week-average-pre-123118210--business.html

- We might see bearish trend for few days. till the Fed met on 16-17 sep.

Maybe we will touch 5800 till then . Anyway, today the Bank of England has kept their rates unchanged.

 

[Gandhar.]

re: Day trading Nifty & Banknifty Futures

Maybe we will touch 5800 till then . Anyway, today the Bank of England has kept their rates unchanged.

so did ECB
but it hardly matters as their rates are .5% each
but super mario's speech and qe of BoE was imp
both were boring as per mkt reactions :lol:

http://finance.yahoo.com/news/ecb-holds-rates-draghis-guidance-115220584.html

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Today Nifty Future was sideways. If someone traded a trend following method, it is a loosing day for him. If someone followed methods for sideways such as trading breakout/breakdown failures, it was a good day for him.

A small loss day for me in NF . A few scratch trades.....

Smart_trade

 

[kiran_thiru]

re: Day trading Nifty & Banknifty Futures

Today Nifty Future was sideways. If someone traded a trend following method, it is a loosing day for him. If someone followed methods for sideways such as trading breakout/breakdown failures, it was a good day for him.

A small loss day for me in NF . A few scratch trades.....

Smart_trade

yes this sideways gives losses who follow the trend followers. in my paper trade i get 33 points loss with my trend trading indicator.

http://www.traderji.com/trading-diary/78805-my-options-trading-diary-kiran_thiru-37.html#post857560

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Today Nifty Future was sideways. If someone traded a trend following method, it is a loosing day for him. If someone followed methods for sideways such as trading breakout/breakdown failures, it was a good day for him.

A small loss day for me in NF . A few scratch trades.....

Smart_trade

So according to your post, the once which had overnight positions in your market had the best day, but also the biggest risk, isn't it?

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

So according to your post, the once which had overnight positions in your market had the best day, but also the biggest risk, isn't it?

Yes , but as of yesterday's closing we were in an uptrend. Overnight positions carry the risk of various overseas data, centralbank actions, rating agencies downloads, currency fluctuations, US attacking Syria etc etc ..so the risk is large in present global environments.

Smart_trade

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

positional traders made a killing in august in one way downtrend but how they are surviving in september god knows , one day nifty falls 250 points like there is no tomorrow and then covers 300 points on upside with 120 gap up, with BNF 10% rise , short traders SL must be in between...........:rofl:

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

positional traders made a killing in august in one way downtrend but how they are surviving in september god knows , one day nifty falls 250 points like there is no tomorrow and then covers 300 points on upside with 120 gap up, with BNF 10% rise , short traders SL must be in between...........:rofl:

Yes August was the best months for daytraders too....best in last 6 months.

Let us see what September brings us....will be a good month as last 4-5 months have been good for daytrading too...

ST

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Yes , but as of yesterday's closing we were in an uptrend. Overnight positions carry the risk of various overseas data, centralbank actions, rating agencies downloads, currency fluctuations, US attacking Syria etc etc ..so the risk is large in present global environments.

Smart_trade

So with other words: All the people which tell they made a killing today must have had overnight positions, as Nifty and BNF openend with incredible gapps or must be superb sideways market traders?

What did I miss or was the gap in BNF only 400 points and then the people had time to press the button to make the rest of 300 - 400 points?

The same in Nifty: Gap of 100 point and then the traders had time to enter the market with no clue if it runs up more.

Would mean: No rules behind that, nothing to see in advance that some thing like that will happen. Just a pure lucky game played with sufficient stop losses, isnt't it? If so, nothing bad, but just wondering.

DanPickUp

 

[pakatil]

re: Day trading Nifty & Banknifty Futures

positional traders made a killing in august in one way downtrend but how they are surviving in september god knows , one day nifty falls 250 points like there is no tomorrow and then covers 300 points on upside with 120 gap up, with BNF 10% rise , short traders SL must be in between...........:rofl:

I presume most of Position Traders wld be Long by y'day EOD bcz b/d failure was quite evident by then.