Day Trading Stocks & Futures

Tuna

Listen and act, don't ask it, it doesn't oblige
I think 9210 main 6300 kharid hi leta hu 9250 tgt any advice for nifty onlu sl 9200

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Well I can not advise. But a better time for 'Defence' now - save the profit earned. Let Contra push it down further. I am sure it will try once more @ Signals from the "Classified & undertrial" system - more downside in offing.

But you never know , so you want to open long, go ahead. You could be right and I am wrong, like last time :)
 

headstrong007

----- Full-Time ----- Day-Trader
Geopolitical tension.. trump attack effect is clearly showing on crude HTF now as expected...
But very few crude oil trader here made a profit from it perhaps...
fewer who knows to switch intra to positional when required... Tuna & me..:cool:
 
Geopolitical tension.. trump attack effect is clearly showing on crude HTF now as expected...
But very few crude oil trader here made a profit from it perhaps...
fewer who knows to switch intra to positional when required... Tuna & me..:cool:
or maybe the market didn't want to go long in Infy results.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
Geopolitical tension.. trump attack effect is clearly showing on crude HTF now as expected...
But very few crude oil trader here made a profit from it perhaps...
fewer who knows to switch intra to positional when required... Tuna & me..:cool:
:thumb: I closed at open itself today. Let see how the inventory shows up. If it provides a dip, will wait for an entry point - if otherwise, well missed opportunity,
 

stock_mani

Well-Known Member
Nahi, main seriously nahi le raha hoon. isis liye LOL ki emoji dala. Aur tum mera trading style sahi pakde ho. Let me confess, I was overnight long- but positional trade is smaller (common sense, overnight margin+ risk). Today at open when it was testing 9250, I was thinking what to do - but as the setup was valid, kept an SL at 9233 later - jo udd gaya.

Then I stepped aside (usual style) - let it fall, 3 min TF, was a risky entry at 9179, but went in, some 9181.chillars - Size = Big. 20+37 X 50% each, cover all losses and closed in green.

That is story today.
Tuna,

pls let me know that what setup you saw to enter in 9181... it was just a pull back of morning correction...
 

Tuna

Listen and act, don't ask it, it doesn't oblige
Tuna,

pls let me know that what setup you saw to enter in 9181... it was just a pull back of morning correction...
Well it was not a intraday setup driven. For Nifty you can identify the possible supply /demand zone in multiple way -

Fractal Chaos Band - My favourite - on daily chart

Just draw it in kite - each of these bands works as S/R based on how long price historically spend time around these bands. So if you see a Fractal band lengthy enough (visual cue)-means more griding happened in past at this price level - expect the no of sellers / buyers had a significant fight around that place in past.

Now if the current Low fractal is significantly lower (like present, I guess it is around 9070 odd), you need to look left and find if any fractal line is there. If yes, trust that line.

The value was 9177 for NF, Due to shear momentum, it went beyond that line, but could not sustain and bouced back to 9179. I triggerd my entry there, 2 point slippage. And rest is history.



See the daily chart 1:



Now watch the same dotted yellow line on 3 mins TF:


Chart 2:




What I took the pain to post this long post - to tell - taking Intra-trade is most profitable when:

1. You are with trend

2. You know the failure point of contra (from higher timeframe) - you can also check 1 hourly BB band on NF, see the bounce is perfectly from BB mid (or 20 EMA hourly)

Hope this helps.

P.S- This is the same reason I am worrying that if 9177 on NF is broken - We have a free fall.

P.S2- This is same Daily analysis I perform on Crude. Just paint the fractal band and see why I am bullish since last 1 odd week.

A big gap between 2 fractals (up and down) with no possible left adjacent intermediate Fractal construct a Fluid Gap - Price can move both up and down very fast - you can see this on Crude daily.
 
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XRAY27

Well-Known Member
Nifty spot if stays below 9212.45 and Bank nifty spot stays below 21626.20 for today and if price cross this value on Monday (tomorrow is holiday :D) ...Long trade above that till then :fatigue: off course RF will confirm it :lol:

if this level is broken ..setup fails :mad::mad:
 

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