Day Trading Stocks & Futures

[Somatung]

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

Agree with you in any way as there are also at least 1'000 ways to make good Swiss Cheese's : :lol: Here one strategy to make the one with the holes: https://www.youtube.com/watch?v=GiywSipA3ZY . If not successful in trading, this may is an idea to start a cheese trading business.

By the way: Dow is really down. Wow. Unemployment rates and other data are not in line, but this drop was not expected. Until now a correction and if it further would go down, then let's see.

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Meanwhile, hells breaking loose @ SPX and SGX NF.

SGX LTP 7680 and SPX is down 1.37% .... Trading below its 50 SMA after a long time ...
Dips below the 50 SMA have been heavily bought into since April 14 ...

Considering its one of the major global cues, SPX 1940 - 1925 levels need to be watched out for, for positional trades on our MKT...

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Meanwhile, hells breaking loose @ SPX and SGX NF.

SGX LTP 7680 and SPX is down 1.37% .... Trading below its 50 SMA after a long time ...
Dips below the 50 SMA have been heavily bought into since April 14 ...

Considering its one of the major global cues, SPX 1940 - 1925 levels need to be watched out for, for positional trades on our MKT...

Bulls also need some correction so that they can change sides and play bear for sometime before becoming bulls again for a next upmove which will be yummy...

ST

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

is there any chance on nifty or any other liquid scrips,repeat an exact EOD chart,i mean price movement tick, in future?

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

is there any chance on nifty or any other liquid scrips,repeat an exact EOD chart,i mean price movement tick, in future

Market ki Bhrugusanhita likhne ka plan hai kya ?

There could be identical patterns but their occurance cannot be predicted with high accuracy to be useful to us.

ST

 

[simplebuthard]

re: Day trading Nifty & Banknifty Futures

If tomorrow nifty spot closes below 7700 in 30 min time frame, will short NF and buy PE to scalp few points.

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Bulls also need some correction so that they can change sides and play bear for sometime before becoming bulls again for a next upmove which will be yummy...

ST

Last sell setup got cancelled on the 9th day.
Todays close is < than previous 4 bars ...

The grafster doesnt start plotting the Set up bar numbers until too late, say the 7th or 8th bar is formed.

Im eager to know how you would trade this .. I mean apart from day trading.. Did todays close trigger positional shorts for you ?

I happen to look for completed set ups and its eventual reversal area to initiate trades .... Thereby missing the meat of the strong move of the set up phase ....

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

If tomorrow nifty spot closes below 7700 in 30 min time frame, will short NF and buy PE to scalp few points.

What is the clue to go short NF and to buy put?

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Last sell setup got cancelled on the 9th day.
Todays close is < than previous 4 bars ...

The grafster doesnt start plotting the Set up bar numbers until too late, say the 7th or 8th bar is formed.

Im eager to know how you would trade this .. I mean apart from day trading.. Did todays close trigger positional shorts for you ?

I happen to look for completed set ups and its eventual reversal area to initiate trades .... Thereby missing the meat of the strong move of the set up phase ....

Combo and Sequential sell signals which we got are still valid. They are never negated nor recycled. We went short on combo...and we covered on a positive flip as the market decided to go up to complete the sequential..but both signals are very much valid and in force.

I was short intraday as well as swing today but covered my swing short position as the market was closing at the low and thought I will sell at a higher level tomorrow in the new series..but below 7700 will definately take swing short positions. I am expecting a correction but not too deep as we are in early stages of a strong bull market...so the downmove will not be smooth.

Smart_trade

 

[simplebuthard]

re: Day trading Nifty & Banknifty Futures

What is the clue to go short NF and to buy put?

It is just based on trading range breakdown in such specific time frame. Thats all. Target and SL both will be tight say 5 to 8 points in NF.