Day Trading Stocks & Futures

[nirav_j]

re: Day trading Nifty & Banknifty Futures

But you see the problem with open forums. Even many friend like your knowledge sharing, some one most unnecessarily attack and make you hurt. At the end of the day you are with a broken hurt just for trying to help others. I know you are faced same situation here multiple times.

I showed here how to catch bottom and top live using price pattern recognication & fibo level in day trading. But after that same things happened, unnecessary attack from RajGreenPeace & absurd comment, this time manischan. Just person changes with time.

I am here more than 7 years. Most of cases good topic end in a bad note bcoz of very few person. It is better to keep quite, or comment occasionally if you don't hamper your peace of mind which is required to concentrate on your trades.

Dan you are very knowledgeable person, I think you understand the problem.

Best Wishes.

Happy Trading.

H.C.

Dear JMD,

I understand where you are coming from.

I've been on Traderji for some time now, but active only recently ... While being a silent reader on the forums, many times i've seen good posters being attacked either due to arrogance or ego ...

Here, it seems to have happened cause of miscommunication/ignorance about your ID.

This thread/forum already has seen a casualty RE: pratapbhai ...

While I'd like to ask seniors like you and pratapbvb to ignore such things as there are many silent readers/traders who end up benefiting from your posts/insights;

I'd also like to ask responsible posters to verify facts before accusing some one of malicious intent like advertising .. Its a very callous remark and in bad taste.

That said,
whats everyones view on Nifty closing tomo, EOD ?

From the Zerodha link JMD posted, it seems one stands to make money even by guessing Index value !

 

[TracerBullet]

re: Day trading Nifty & Banknifty Futures

I have repeatedly seen fib levels giving profitable set ups.

What I don't understand is, why should Fib levels work?
or is it just a coincidence that Fib levels happened to work or what?

Fib level = Black magic ?

Good if it works in your trade plan.
Just some articles to read if anyone feels like it. 1 2 3

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

Out of topic and just in case if any of you have any trades going on at the Swiss Exchange, what I not think in any way: Tomorrow it will be closed as we have our Swiss National day: https://en.wikipedia.org/wiki/Swiss_National_Day If you never visited our country you will love this video: https://www.youtube.com/watch?v=h-T_9gM-Qu4

 

[starscream]

re: Day trading Nifty & Banknifty Futures

But you see the problem with open forums. Even many friend like your knowledge sharing, some one most unnecessarily attack and make you hurt. At the end of the day you are with a broken hurt just for trying to help others. I know you are faced same situation here multiple times.



I showed here how to catch bottom and top live using price pattern recognication & fibo level in day trading. But after that same things happened, unnecessary attack from RajGreenPeace & absurd comment, this time manischan. Just person changes with time.



I am here more than 7 years. Most of cases good topic end in a bad note bcoz of very few person. It is better to keep quite, or comment occasionally if you don't hamper your peace of mind which is required to concentrate on your trades.



Dan you are very knowledgeable person, I think you understand the problem.



Best Wishes.



Happy Trading.



H.C.

Jmd can you post your today's trade . ?

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

All irrelevant posts on who has a better method will be deleted...there may be 1000 methods to trade the markets successfully, we have to find just 1-2 to suit our mindsets and work with them...

Smart_trade

 

[doctorshah]

re: Day trading Nifty & Banknifty Futures

Guys Please wish to Somatung on Swiss National Day:thumb:

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Guys Please wish to Somatung on Swiss National Day:thumb:

Happy swiss day sir somatung
Do dig into awesome swiss cheese and wine today while celebrating :thumb:

 

[oilman5]

re: Day trading Nifty & Banknifty Futures

Yes.. you can all Fibbo as magic number .. Fibbo ratios are also called Golden Ratio.. its all mathematics. Many things in our world grows in fibbonachi ratio (including Leaning Tower of Pisa, Human Growth.. and Plants). Well I read all these things in some Gann books A lot of traders in the world use this including automated trading system, robots etc... so it has to work coz people are buying/selling at these numbers which will influcce the moves.

My prob with which Fibbonacci to which ratio to trust and and how to arrive at conclusion to buy/sell at only looking at how price reacted to that particular level.. Sometimes we see rejection from 50% and we jump in a trade.. only to see it failed and reached 61.2%.. hit our SL and moved in the original direction. It gets messy and therefore Fibbo numbers can't be the primary reason to initiate the trade. It must be supported by other factors.

These are my personal views... I trade PA with some other mixture.

.........................................................
thanks manishchan for telling the truth, if that simple 38%,50%,61% magic number could create trader , THEN MATH college should be renamed as trading school.
Fact is it gives CONFIDENCE to a RETRACEMENT trader to enter -thats all.
Academician earn money by selling/lecturing.we traders by taking risk, learning from mistake,adepting with market.
IF price moves from a particular pt, and u can make money out of it IS MORE IMP.
REGARDS

 

[Shantala]

re: Day trading Nifty & Banknifty Futures

Out of topic and just in case if any of you have any trades going on at the Swiss Exchange, what I not think in any way: Tomorrow it will be closed as we have our Swiss National day: https://en.wikipedia.org/wiki/Swiss_National_Day If you never visited our country you will love this video: https://www.youtube.com/watch?v=h-T_9gM-Qu4

Happy Swiss Day

Didn't get what's in video

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

In day trading we are short term traders. Our defination of trend is also short term...a long term trader will say the long term trend is still up...but for short term traders like us, the 50-60 points move we had yesterday and also today is important and is a tradable move.

Our short term trend definately changed yesterday to long and it gave us signal to go long ...it again changed today to short and it gave us a signal to short the market. But remaining short at EOD yesterday ( infact in the afternoon yesterday) was highly risky ...so each one of us has to trade as per his timeframe and method....

Smart_trade