Day Trading Stocks & Futures

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

NF trend ↑

tgt > 7979

Which Time-Frame trend have you used in this prediction ?

 

[HEM]

re: Day trading Nifty & Banknifty Futures

Also i noted that when 12:15 high volume bar got dissolved i knew steam was out.
waited for a lower PH and then shorted the PL.
exit 3:05pm

Very nice.....that 12:15 bar was EOM bar.......



HEM

 

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

Very nice.....that 12:15 bar was EOM bar.......



HEM

@ HEM,

Can you plz. share a resource about a good write up on Price action bar reading. Although I have read Lance Beggs but in totality I do not still follow his style.

Thanks.

 

[HEM]

re: Day trading Nifty & Banknifty Futures

This one only for U. One last time.

1. As earlier said, I trade using Nifty Spot just after expiry day due huge difference of overnight premiums.
2. Shorted near previous support 7707 Spot (Wed day low) (Near 12:20 PM today)which was near to today's high. So again shorted Nifty near days High easily.
3. Booked half near days low 7660 spot (around 2:10 PM)
4. Add half again after breaking of days low.
5. Booked full near support 7600 spot.
6. So got 100+ pt from 50% position and 46+56 = 102 pt from rest 50% positon. Net 100+pt on whole position.

Good to see you got 96 pt too.
Happy Trading. :thumb:

H.C.

Dear JMD,

Nice trades and nice tecnniques.......:thumb:


HEM

 

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

@ HEM , I think you missed my post so Reposting.

@ HEM,

Can you plz. share a resource about a good write up on Price action bar reading. Although I have read Lance Beggs but in totality I do not still follow his style.

Thanks.

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

Which Time-Frame trend have you used in this prediction ?

its based on daily,qtrly ,weekly n monthly mixtures of indicators wid trend lines

 

[humble]

re: Day trading Nifty & Banknifty Futures

to gain sanity.

on 30th july after the sudden rally when i exited my longs before the boom, mind got twisted and took 3 positions when risk was more than 10 points.
lost all 3 .
so decided to stick to LTF till my control is back.

Thanks for the response.

I personally felt you were doing wonderful in scalping ~5k+ everyday.

I am trying to understand the risk in 5 min vs 1min. In todays trade it was 18 points [entry - 7717, stop - 7735] for 4 lots its 72 points Vs on 1min you usually took 6 lots with stops close to ~6.5 points with a total risk of 39 points.

What is your experience with 5min Vs 1min in terms of risk?

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

still bullish ?

YEAH, Since 26TH FEB

meanwhile, 2days lows r very very imp for bulls going frward on EOD


http://www.traderji.com/derivatives/88644-n-i-f-t-y-compass-83.html#post938856

 

[HEM]

re: Day trading Nifty & Banknifty Futures

@ HEM,

Can you plz. share a resource about a good write up on Price action bar reading. Although I have read Lance Beggs but in totality I do not still follow his style.

Thanks.

Dear Leonid,


All material are available on traderji ********
For candlestick patterns you can read Steve Nison's ...... For PA, Lance Beggs and Al Brooks material is also good ....... google about PA( price action) and candlestick patterns.... you will find ample resources.


HEM

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

dii bot today:
dii +1074. 7 crs
fii -1072. 96 crs