Day Trading Stocks & Futures

Trader J

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Let the thread continue peacefully....last 30 min no post on market.....ferget the issue and get going with the market and trading.....:)

Smart_trade
Dear Smart_trade and Ravi,

This is my first post in this thread (or any trading thread), its good thread.

My 95 % trading is intraday trading, I want to follow some good Intraday Thread, I mean there is very less talk on positional or next day or next few days market behaviour. Please let me know any thread. Thanks.
 

vssoma

Well-Known Member
re: Day trading Nifty & Banknifty Futures

dear,
trader J, kahi aur kyu jaye, itni achi thread hain yeh...trading knowledge ke sath sath maza bhi aata hain... idhar smart_trader ke sath bahut sare log hain jo trading gyan dete hain aut apna ravi abhi jo hamesha hasi mazak sath rahte hain...bahut sare hain jo is thread mein...ek dusre ke sath help bhi karte hain...so keep on watching...
 
re: Day trading Nifty & Banknifty Futures

I sincerely hope that Pratapji is not discouraged by such posts. As ST da says, there are really very few traders posting full method with all details and elaborate AFLs etc. Pratap's programming skills are unique and I would say unparalleled not in TJ but in many other forums as well. I have seen people referring to Pratap when it came to AFL.

Thanks Pratapji for your great method which ST da calls as "WORTH ITS WEIGHT IN GOLD!" especially in ranging markets ....:) (and Pratap's answer to that is:- its equally good even in trending markets :lol:)

Regards,
Gaur_Krishna

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. :D
 

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