Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
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
But you never know , so you want to open long, go ahead. You could be right and I am wrong, like last time
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..
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..
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.
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.
Last edited:
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