Day Trading Stocks & Futures

[Somatung]

re: Day trading Nifty & Banknifty Futures

Saat mulkhon ke jassos hamare peechhe lage huve hain.....ha ha ha...

( a dialogue from famous Hindi film...translated as : Detectives from 7 countries are trying their best to find that out) ha ha ha....

Just joking ...I trade something similar..simple and effective...but will be pretty lengthy to understand and explain here...

ST

Never mind as even my post was meant in a joking way. You do not need me in any way as I do not need you in any way. Even than: Chatting and some times posting with you is one of the best things I like to do, as you are :thumb: Take care and all my respect to you dear Smart_trade / Dan

 

[Amar_Candlestick]

re: Day trading Nifty & Banknifty Futures

St Sir Ek Haath Se Lo Ek Haath Se do
(Take With One Hand & Give With Another)

 

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

Brother, are you kidding or serious ?

I have seen some people really have a great sense of Intuition. Whenever a real big event is about to happen in their lives, they start to get some glimpses about them beforehand in their visions in the night.

But for us traders, it is like a risky proportion. Because we are already exposed to so many different kind of biases in this game because of the trading psychology factors, that it would become hard to guage whether the feeling that we are having is just a gut feeling / bias or a real vision. It will create doubts in our minds.

I also saw a Bull running after me in my dream last night . Oh Gosh !! I got up early at almost 4:30 am today waiting impatiently for the market to open. Kept myself away from getting short in the morning. After the bear attack in the first half , took an OTM CE in BNF & NF both , both ran like rockets and it seemed to me that the bull was not after me but I was riding on that same bull.

Again the bear attacked but I remained on the sidelines after booking profits on long positions.

I have seen Bull running after me several times in my dreams in the past 3-4 years.

 

[Amar_Candlestick]

re: Day trading Nifty & Banknifty Futures

Kya TradeJoker Sir ji Pura Nasha Uttar Gaya

 

[humble]

re: Day trading Nifty & Banknifty Futures

As traders we react to the market...we dont have any fixed notion particularly in daytrading.

You must have some competent system which will tell you when the market changes direction and then you go and trade in that direction. And it need not be a very complicated system...the chart posted below has 1st pane displaying simle 315 system...so short below the red and long above the green bars....it could be a pivot below 21 MA...any such system. It is the risk control which along with the entry will make money.


This is posted just for illustration...I dont trade this method.

Smart_trade

ST Da, Thanks a ton for the explanation.

Hope you or TR do not mind the follow-up questions.

1. I am now clear about the intent for entries. On the implementation, I see you have mentioned pivots and specifically incase of the last short it seems to be the low of the bar. I understand pivots, can you kindly explain the last short for NF ? Other than the crossover, anything else to look for?

2. On a day like today, how do we manage our stops. Based on the 15min BNF charts, I was able to enter the long trade at 15075. BNF in the same bar moved up to 15180, so I put a stop at 15080 which it hit and went on to 15030 and then moved very swiftly to 15400+. So, in general how to handle stops and re-entries on high volatile days.

Thanks in advance!!!

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

ST Sir Start Karo Mahabharat Hum Ready Hai

den shakuni mamas 1st salvo 2 b "Win or lose, evrybody gets wat dey want out of the mkt. Some people seem 2 like 2 lose, so dey WIN by losing money" :-D

 

[niftytaurus]

re: Day trading Nifty & Banknifty Futures

Hi
today I cant stop myself to post a chart of nifty future.as today was a big event day,& as we see the volatility gets high on those days..but I want to observe as our simple Price action method works on those days successfully or not as price behaves very erratic..
But todays price behaviour dekh kar samajh aaya ..ki price chahey kitney bhi nashey main ho, wo insanon ki tarah irrational nahi ho jatey..so today in chart nothing except price..so we will see that y greater calls price is god..
1) Price takes support at PDL..if you notice a hammer..& subquent candle in next 1 hour..price is telling that I am in no mood in going lower..but we have to see if it wants to go up..let it break pivot high & it breaks with a highly bullish candle..long
2)price breaks OR & day open ..but see how it breaks..Bo FAIL..but dont go for short..wait..see further pa..A strong bulllish ccandle..but see further PA..all subsequent candles fail to break that level significantly...Bulls are not able to break that fence forcefully..2-3 try..now bear comes out who are waiting on that level...they come with force...see their long red soldiers..which breaks PDL forcefully..now only HTF Support is able to stop them..they break that fence but BO failure.
3) Bo failure happens ..but we have to see subsequent PA..see the 2 bullish candle & compare it with down swing...kiska pala bhari hai..bulls are coming..bears are weakning..we will join winner parties..covered short..but for going long we should wait to show bulls more power..let them break a pivot high significantly..they break ..now see prices are not showing any weaknes..just put a sl & ride the rally...
4)near the level of 7730..a shooting star...higher prices are rejecting...& near resistance is 20 points away...first weakness is showing...u can short cover ..but no short..& trend is powerful..wait & see further PA..now see 3 next green candles..are they really powerful? ..bulls are there but weakning...spinning tops...bulls took 200 points ride easily..now only 20 points are difficult for them..they just touch 7750 level..but now no signs of bulls..price is weakning..bulls are trying..but I am not seeing any strength in them..by the time they are weakning..weakness ib bulls...we already have left their party....we will see the power of bears & will join them...bears show their power & break pivot low with full force...great fall..if u notice not a single bull soldier we can see in this fall except one weak green doji...

so conclusion is Price chahey kitney hi volatile ho...but vo irrational nahi hoty..& random bhi nahi hotey..vo roller coaster ride bhi karey to bhi apney dharam ka palan kartey hai..& they talk to us in their language of candles..but we just need ears to listen them...it requires a lot of practise ..diligent practise..
Disclaimer: I am not an experienced & profitable trader..Now I just trade on NSE pATHSHALA
thanks

 

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

Hi
today I cant stop myself to post a chart of nifty future.as today was a big event day,& as we see the volatility gets high on those days..but I want to observe as our simple Price action method works on those days successfully or not as price behaves very erratic..
But todays price behaviour dekh kar samajh aaya ..ki price chahey kitney bhi nashey main ho, wo insanon ki tarah irrational nahi ho jatey..so today in chart nothing except price..so we will see that y greater calls price is god..
1) Price takes support at PDL..if you notice a hammer..& subquent candle in next 1 hour..price is telling that I am in no mood in going lower..but we have to see if it wants to go up..let it break pivot high & it breaks with a highly bullish candle..long
2)price breaks OR & day open ..but see how it breaks..Bo FAIL..but dont go for short..wait..see further pa..A strong bulllish ccandle..but see further PA..all subsequent candles fail to break that level significantly...Bulls are not able to break that fence forcefully..2-3 try..now bear comes out who are waiting on that level...they come with force...see their long red soldiers..which breaks PDL forcefully..now only HTF Support is able to stop them..they break that fence but BO failure.
3) Bo failure happens ..but we have to see subsequent PA..see the 2 bullish candle & compare it with down swing...kiska pala bhari hai..bulls are coming..bears are weakning..we will join winner parties..covered short..but for going long we should wait to show bulls more power..let them break a pivot high significantly..they break ..now see prices are not showing any weaknes..just put a sl & ride the rally...
4)near the level of 7730..a shooting star...higher prices are rejecting...& near resistance is 20 points away...first weakness is showing...u can short cover ..but no short..& trend is powerful..wait & see further PA..now see 3 next green candles..are they really powerful? ..bulls are there but weakning...spinning tops...bulls took 200 points ride easily..now only 20 points are difficult for them..they just touch 7750 level..but now no signs of bulls..price is weakning..bulls are trying..but I am not seeing any strength in them..by the time they are weakning..weakness ib bulls...we already have left their party....we will see the power of bears & will join them...bears show their power & break pivot low with full force...great fall..if u notice not a single bull soldier we can see in this fall except one weak green doji...

so conclusion is Price chahey kitney hi volatile ho...but vo irrational nahi hoty..& random bhi nahi hotey..vo roller coaster ride bhi karey to bhi apney dharam ka palan kartey hai..& they talk to us in their language of candles..but we just need ears to listen them...it requires a lot of practise ..diligent practise..
Disclaimer: I am not an experienced & profitable trader..Now I just trade on NSE pATHSHALA
thanks

Absolutely true. The 1987 Crash of US markets took support on the yearly support level which was some years back recorded low. If I'll come across charts for that crash & its support levels I will post soon.

 

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

Very well explained Bro. I wish, I could have the same wealth of words that
you and most of the members of this forum have.

Though missed early morning fall in NF due to some other commitments,
but caught the huge Rise and fall very similarly as you explained... :thumb:

Hi
today I cant stop myself to post a chart of nifty future.as today was a big event day,& as we see the volatility gets high on those days..but I want to observe as our simple Price action method works on those days successfully or not as price behaves very erratic..
But todays price behaviour dekh kar samajh aaya ..ki price chahey kitney bhi nashey main ho, wo insanon ki tarah irrational nahi ho jatey..so today in chart nothing except price..so we will see that y greater calls price is god..
1) Price takes support at PDL..if you notice a hammer..& subquent candle in next 1 hour..price is telling that I am in no mood in going lower..but we have to see if it wants to go up..let it break pivot high & it breaks with a highly bullish candle..long
2)price breaks OR & day open ..but see how it breaks..Bo FAIL..but dont go for short..wait..see further pa..A strong bulllish ccandle..but see further PA..all subsequent candles fail to break that level significantly...Bulls are not able to break that fence forcefully..2-3 try..now bear comes out who are waiting on that level...they come with force...see their long red soldiers..which breaks PDL forcefully..now only HTF Support is able to stop them..they break that fence but BO failure.
3) Bo failure happens ..but we have to see subsequent PA..see the 2 bullish candle & compare it with down swing...kiska pala bhari hai..bulls are coming..bears are weakning..we will join winner parties..covered short..but for going long we should wait to show bulls more power..let them break a pivot high significantly..they break ..now see prices are not showing any weaknes..just put a sl & ride the rally...
4)near the level of 7730..a shooting star...higher prices are rejecting...& near resistance is 20 points away...first weakness is showing...u can short cover ..but no short..& trend is powerful..wait & see further PA..now see 3 next green candles..are they really powerful? ..bulls are there but weakning...spinning tops...bulls took 200 points ride easily..now only 20 points are difficult for them..they just touch 7750 level..but now no signs of bulls..price is weakning..bulls are trying..but I am not seeing any strength in them..by the time they are weakning..weakness ib bulls...we already have left their party....we will see the power of bears & will join them...bears show their power & break pivot low with full force...great fall..if u notice not a single bull soldier we can see in this fall except one weak green doji...

so conclusion is Price chahey kitney hi volatile ho...but vo irrational nahi hoty..& random bhi nahi hotey..vo roller coaster ride bhi karey to bhi apney dharam ka palan kartey hai..& they talk to us in their language of candles..but we just need ears to listen them...it requires a lot of practise ..diligent practise..
Disclaimer: I am not an experienced & profitable trader..Now I just trade on NSE pATHSHALA
thanks

 

[essem]

re: Day trading Nifty & Banknifty Futures

Dear niftytaurus:

I have some doubt regarding this chart, I am not that expert reading chart but as you have seen market moved up today from 7500 level to 7700+ (200+ point) Is it EQUITY buying by some of the biggest group? i heard from a foreign friend that whenever the foreign investors purchase the Equities from open market, same time they sell its future same quantities, then after some period they cover their shorts and market will reach above 7700 .

For example they purchased Equites from 7500 level to 7700 level then they will sell stock future@7700 level... to bring down to 7500 level. their next trade will be purchasing NIFTY Future @ 7500 level and hold till stock future shorts to cover
once all shorts covered (stock future) market will be @ 7700-7900 level and their EQUITIES and NIFTY future will be in high profit. I am not that good in grammar pls excuse me.

Anyone notices this?