Day Trading Stocks & Futures

[Raj232]

BN 26800 CE which touched a high of Rs 97 yesterday just touched Rs 9.7 today
Fortunately I'm just watching from the sidelines...

 

[checkmate7]

Max pain for BANKNIFTY is @26500 so lets see if it obeys and there is sharp recovery today 2nd half or tomorrow...

 

[pannet1]

invariably if you can make many bets on an instrument in a day ... in other words ... you could be wrong many times ... till you are right ... how will be your modus operandi ? ... will the lot size of your all your trades will be same ... or different ... will you have a stop loss and take profit for every trade or otherwise ... if you seriously want to know more on this ... check my signature ?

 

[Shiv12345]

Max pain for BANKNIFTY is @26500 so lets see if it obeys and there is sharp recovery today 2nd half or tomorrow...

Yes sir. 'Max Payne' was a wonderful 'Video Game'.

 

[sanju005ind]

where are the charts of everybody ? looks like all are sleepy.. with downtrend today after many days !!!

Keep holding your shorts(Chaddi)

 

[Raj232]

Max pain for BANKNIFTY is @26500 so lets see if it obeys and there is sharp recovery today 2nd half or tomorrow...

It can change by End of day.. no guarantee that it will stay there.. .. we are close to 26300 currently.. even if there is some pullback upwards, we might see 26400 - 26420 .. but not sure above that ..

 

[afin]

Keep holding your shorts(Chaddi)

yes!! And I have to credit your advice of consulting the charts everytime I felt like I was gonna take another trade!

 

[sanju005ind]

yes!! And I have to credit your advice of consulting the charts everytime I felt like I was gonna take another trade!

I keep reminding that to myself and folks here too. I stopped watching news so that I should not get biased. Earlier I used to watch news and US markets then subconsciously you would form an opinion. If this happened then that" will" happen.Slowly it will change to That "should".
The next day even if the charts are shouting at you I am like that "should" happen.We tend to ignore the message the market is telling us and keep waiting for our biased opinion.

 

[onequorauser]

the best indicator would be previous previousday high low ,vah val poc(market profile),vph vpl,last major support or resistence.

In the pivot trading thread there is a mention of avoiding the yesterday's range. Is it fair to assume that you are using value areas as an indication of the "range" and go long/short on the break out outside the the value areas. Ofcourse, that is with the tailwinds of HTF trends.
I think Suhbadip uses some time based filters for determining the range

 

[sanju005ind]

Nifty would not like to stay below 10695 as that is the monthly PP.