Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
My conclusions over Trading (Both intra and positional)
Price action is the ultimate tool for success (in my view over period of time)
with in price action.. note following points then we will have successful trading career
1. Identify support and resistance area's
2. Analyze swing points or pivot points
3. Look for wide range candles and narrow range candle.. this (narrow range candles) will
Lead to explosive moves which we have to catch
4. Identify the area were price rejection happens
5. Simple patterns often pay rewards don't complicate things
My conclusions over Trading (Both intra and positional)
Price action is the ultimate tool for success (in my view over period of time)
with in price action.. note following points then we will have successful trading career
1. Identify support and resistance area's
2. Analyze swing points or pivot points
3. Look for wide range candles and narrow range candle.. this (narrow range candles) will
Lead to explosive moves which we have to catch
4. Identify the area were price rejection happens
5. Simple patterns often pay rewards don't complicate things
Last edited:
re: Day trading Nifty & Banknifty Futures
My views : Divergence works in sideways markets. It also works in trending markets but here you need 2/3 or even 4 divergences ( depending on how strong the trend is ) to get the top/bottom. Strong trends dont reverse on one divergence. They say it needs 3 bullets to kill a big cat...same for trends...
Smart_trade
My views : Divergence works in sideways markets. It also works in trending markets but here you need 2/3 or even 4 divergences ( depending on how strong the trend is ) to get the top/bottom. Strong trends dont reverse on one divergence. They say it needs 3 bullets to kill a big cat...same for trends...
Smart_trade
re: Day trading Nifty & Banknifty Futures
Simple set up for 7800CE
Bought @68.2 exited at 73..(by the time i was typing it reached ..)
This is from traderji itself ........once again salute to the master/s of this setup and to the people of who explained this in traderji for the benefit of traders
:clap::clap:
Simple set up for 7800CE
Bought @68.2 exited at 73..(by the time i was typing it reached ..)
This is from traderji itself ........once again salute to the master/s of this setup and to the people of who explained this in traderji for the benefit of traders
:clap::clap:
Last edited:
re: Day trading Nifty & Banknifty Futures
Hi,
Thanks for posting your charts its great help ,By what setup yesterday's Entries were taken ??
Regards
Simple set up for 7800CE
Bought @68.2 exited at 73..(by the time i was typing it reached ..)
This is from traderji itself ........once again salute to the master of this setup and to the people of who explained this in traderji for the benefit of traders
:clap::clap:
Bought @68.2 exited at 73..(by the time i was typing it reached ..)
This is from traderji itself ........once again salute to the master of this setup and to the people of who explained this in traderji for the benefit of traders
:clap::clap:
Thanks for posting your charts its great help ,By what setup yesterday's Entries were taken ??
Regards
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