Day Trading Stocks & Futures

[nirav_j]

re: Day trading Nifty & Banknifty Futures

There exists few differences between the plots. Maybe how the line is drawn, may be a smoothed one. You can have both in the same chart for side by side comparison. Can you check the calculations in the source code to confirm, if possible. Use formulas from the link below.

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Introduction#Ichimoku_Settings

Yeah, I did plot them together and observed divergence on some days, today being one such day ....

From what I understand of the astro function, it doesnt rely on the price of the underlying .... it plots its curve independently, based on the dates i've input and as per astro settings of which there are tons ....

anyway, i'm still exploring the software package and found it interesting, and hence the post ...

 

[amsin21]

re: Day trading Nifty & Banknifty Futures

Yeah, I did plot them together and observed divergence on some days, today being one such day ....

From what I understand of the astro function, it doesnt rely on the price of the underlying .... it plots its curve independently, based on the dates i've input and as per astro settings of which there are tons ....

anyway, i'm still exploring the software package and found it interesting, and hence the post ...

Which software is that?, if you don't mind.

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Which software is that?, if you don't mind.

Its Wave59 PRO ..

 

[timepass]

re: Day trading Nifty & Banknifty Futures

What's with the currencies in the later half ?? All are looking pretty heated..

 

[LivetoTrade]

re: Day trading Nifty & Banknifty Futures

What's with the currencies in the later half ?? All are looking pretty heated..

a) April-May eight core industries growth at 3.3% vs 4.9% (YOY) | CNBC-TV18

b) India's fiscal deficit in the first two months of the 2014/15 financial year touched Rs 2,40,837 crore ($40.05 bn), or 45.6 percent of the full-year target, government data showed on Monday.

http://firstbiz.firstpost.com/econo...-deficit-target-2-months-into-fy15-89317.html

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Aaj itna sannata kyun hai bhai ??

 

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

Some Excerpts from various articles on Trading Psychology...

-> Remember that becoming a profitable trader is a journey, not just a destination. The perfect trader does not yet exist. Try to become a better trader each day and enjoy the progress you make. Concentrate on learning the craft of technical analysis and on improving your trading skills, rather than focusing solely on the amount of profit or losses in your trading.

-> Don’t get overly excited about the winning trades or too depressed about the losing trades. Try to maintain an even keel and a professional outlook regarding your trading.

-> A successful trader quantifies, analyzes and truly understands and accepts risk. Emotional and psychological acceptance of risk is what determines your mental state in each trade. Individual risk tolerance and preferred trading timeframe make each trader unique. Select a trading methodology that reflects your preferred timeframe and risk tolerance.

-> Traders need to listen to the market. To listen effectively to the market, traders need to know and pay attention to their trading methods, but also pay just as much attention to themselves as they pay to their charts and the market. The trader’s challenge is this: Learn who you actually are, and then consistently and consciously develop the qualities that allow you to trade well.

-> As traders, the more we can detach ourselves from the emotions of hope, greed and fear, the better our chances for trading success. Why are there hundreds of good technical analysts but few good traders? Because they need to spend more time on their personal psychology than their analytical methodology.

-> The market is not physical. It’s an amalgamation of the mindset of all trading participants. The daily tug-of-war between the bulls and the bears reveals what they are thinking on a daily basis. Make sure to look at the market’s close in relation to the session high and low.

-> Always remember this: You are the sole person responsible for winning or losing in trading. Don’t blame the market or your broker. Losses are an opportunity to focus on whatever problem occurred during the trade. Don’t get caught up in personal denial.

-> Congratulate yourself and feel good about a trade when you have done what you were supposed to do, according to your trading plan–regardless of the profit or loss on the trade.

 

[vssoma]

re: Day trading Nifty & Banknifty Futures

Aaj itna sannata kyun hai bhai ??

jab se naya rules aaya hain...log masti(mazak) karne bhi soch rahe hain...

come out of this mood friends....be like before we were...except criticizing other or violating rules.

 

[timepass]

re: Day trading Nifty & Banknifty Futures

The sannata is mainly because Ravi is mostly silent, specially in this thread. Ravi, did you receive the double warning like I did ??

 

[VJAY]

re: Day trading Nifty & Banknifty Futures

The sannata is mainly because Ravi is mostly silent, specially in this thread. Ravi, did you receive the double warning like I did ??

TP bhai warning for what ??!!!