Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
a1b1trader,
After so many post by fellow traders(ST bro,gunsho,manishchan,VIKAS 21 ,Komal, sunbim31, mindas touch, Gaur Krishna, trader7, Rajesh ) now no need for me to write any more but i want to express my emotions in some points :-
(1) pratap bro is very nice, humble and helpful person and a very good senior trader so don't make loose comments on him......just because of you didn't understand Pratap's VWAP method.....it doesn't mean that it is bad or complex.
(2) though i don't use his method and i do trade with my own method but i can see his great contribution to traderji and traders community.
(3) a1b1 trader .....don't show arrogancy with your attitude and posts........ and be humble and give respect to your senior traders and fellow traders.
(4) take all the post in the right spirit.
HEM
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.
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.
a1b1trader,
After so many post by fellow traders(ST bro,gunsho,manishchan,VIKAS 21 ,Komal, sunbim31, mindas touch, Gaur Krishna, trader7, Rajesh ) now no need for me to write any more but i want to express my emotions in some points :-
(1) pratap bro is very nice, humble and helpful person and a very good senior trader so don't make loose comments on him......just because of you didn't understand Pratap's VWAP method.....it doesn't mean that it is bad or complex.
(2) though i don't use his method and i do trade with my own method but i can see his great contribution to traderji and traders community.
(3) a1b1 trader .....don't show arrogancy with your attitude and posts........ and be humble and give respect to your senior traders and fellow traders.
(4) take all the post in the right spirit.
HEM
re: Day trading Nifty & Banknifty Futures
Sorry bhai
That was my last post on
NF, BNF or USD/INR or stocks etc
So no more posts on levels
A few days back I thought of opening a thread for these levels from new series
But no
Enough is enough
Barring few, subke chehre aur mansha saamne aa gayi ha.
I think posting of levels, gave me more foes and rivals than applauses.
So we go short here? or long?
Whats the stop?
Maybe you should give trades like buy at xxx with xxx as sl and xxx as target ?
Whats the stop?
Maybe you should give trades like buy at xxx with xxx as sl and xxx as target ?
That was my last post on
NF, BNF or USD/INR or stocks etc
So no more posts on levels
A few days back I thought of opening a thread for these levels from new series
But no
Enough is enough
Barring few, subke chehre aur mansha saamne aa gayi ha.
I think posting of levels, gave me more foes and rivals than applauses.
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