Day Trading Stocks & Futures

[coolharsh20]

re: Day trading Nifty & Banknifty Futures

Fundamental views on Dollar.

1. QE3 Tapering will strengthen dollar in near term.
2. RBI to buy dollar in near term to pay Iran Oil Dues of 1.65 billion $.
3. Iraq issues will put rupee under pressure.
4. US treasury yield has gone high enough to trigger new dollar demand.

Buy USD/INR FAR Month futures contracts at any dips.

As this is a fundamental trade, so there is no time frame. Target should be 5-8% fall in rupee level which means 40%- 60% return in futures.

Stay invested. :thumb:

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

GAP UP in USDINR , wat about nifty

 

[LivetoTrade]

re: Day trading Nifty & Banknifty Futures

GAP UP in USDINR , wat about nifty

Maybe a doji day - eat max premium just before weekend and expiry week

 

[LivetoTrade]

re: Day trading Nifty & Banknifty Futures

USD/INR 60.96 please

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

USD/INR 60.96 please

why 60.96 ?

 

[LivetoTrade]

re: Day trading Nifty & Banknifty Futures

why 60.96 ?

One particular pattern says 59.96 and 59.77 on the lower side and 60.77 and 60.96 on upper side - so just loud thinking

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

GAP UP in USDINR , wat about nifty

flat opening in nifty :annoyed:

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

One particular pattern says 59.96 and 59.77 on the lower side and 60.77 and 60.96 on upper side - so just loud thinking

oh gud :thumb: 59.77 is gud

 

[amitrandive]

re: Day trading Nifty & Banknifty Futures

For USDINR, doesn't anybody use Netdania?
http://netdania.com/Products/live-s...real-time-forex-charts/FinanceChart.aspx?m=c#

I thought these charts are similar to investing.com, maybe even better.

augubhai

Thanks for the link.These charts have many options and are faster than investing.
:clap::clap::clap:

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Hi Humble

I think I got your problem

For my levels, dont go with candle movement or any timeframe.
These levels are price based and are applicable for any TF and so candle closing has nothing to do with it.

Now let me explain.
Suppose the price is moving upside from 7565 and when I say that after crossing 7580 it should remain above 7580 for a target of 7620.

It means that price should remain/sustain above 7580 for all practical purpose (may be 1-2 points below 7580 for a short time) but should move above 7580 again. It will be very unlikely that it will move up and down by 5 points at 7580 (that is 7575 - 7585 move) for a long time. If it is so then you have to wait for clarity.

Further, for any further upmove, price should remain at or above 7580 for sufficient time. Not that it just touch 7580 and reverts or just there for 4-5 minutes and reverts. And if it reverts even after that, then it will mean that price does not want to move up any further and the target is out of bound.

Your another query
"Another case, what if the price crosses the level very swiftly on huge volumes and within a 3 min candle itself rises 80-100 points. "

I think I answered this as well, as it depends on price and not timeframe.

My advice will be when following different methods/strategies, do not mix up them, keep them in isolation.

I hope, it is clear to you. If need any more clarity. Do write. I am online may be till 2 or so.

Further, I think, you must be a genius if you can understand and follow Pratap's charts and explanations. Because for me those are nothing more than a colourful/multicolour charts and black letters (kala akshar bhains barabar). I never be able to understand his charts (so hotch potch, no clarity, every time in different style) nor his explanations. Once I asked him through a post, that if he can make these things simpler or if he can explain these things in simpler terms. His reply was no, he cant. And he added that these are the simplest form of explanation. I kept quiet, What else can I do.

The fact that you could not understand something does not make you qualified to comment with adjectives like hotch potch,no clarity etc. Many people benefitted immensely by Pratap's VWAP bands and they have said so in his thread. You did not understand...bad for you.

Pratap has fully disclosed his method and is very useful for many traders. He has not kept the method to his chest and posted the explanation /AFL and the person with average intelligence will find it easy to grasp. You did not understand does not qualify you to make such loose comments....refrain from making such comments.

We already have very few good people posting in TJ...such bad comments should be condemned by everyone if we want good people to continue posting here.

You talk about your method and posts , dont make loose comments on others.

Smart_trade