Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
I am digesting ST's thoughts on day trading thread for last 4 days, awesome contents ST and awesome doubts asked by TP and many others. Very good thready, must read for anyone whatever level you are in trading. For beginners this is like bible and for pros this is a dictionary. I request all buddies to check that thread.
I am digesting ST's thoughts on day trading thread for last 4 days, awesome contents ST and awesome doubts asked by TP and many others. Very good thready, must read for anyone whatever level you are in trading. For beginners this is like bible and for pros this is a dictionary. I request all buddies to check that thread.
re: Day trading Nifty & Banknifty Futures
Sorry for spamming again, this point is very important, It was a reply for Vikas21 doubt by ST.
If you are trying TDST reversal method, please note this down,
-----------
Good trade, VIKAS. remember that we have to go 4 bars behind the pivot low bar and in next 4 bars after the pivot low bar if the market closes above the highest close in 4 bars before pivot low, then the market has reversed to upside.
Yes , you can book the profits as per 2R/3R/4R or trail on 21 MA. If the move becomes very steep, the profit can be taken when the market closes below the 8 bar moving average also. This locks in profits much better in steep moves.
If you see longer term charts such as 30/60 min or even daily charts, you will see that 70-75 % times, the market reverses the trend with TD Point Reversal Pattern at the top / bottom. It is one of my favourite patterns..
Good going, well done.
Smart_trade
--------------
I have personally tested this TDST method for checking reversal, its quite awesome. Backtested for last 2 yr data, its working more than 65% of the times atleast. I checked with 30 min data of BNF alone.
Sorry for spamming again, this point is very important, It was a reply for Vikas21 doubt by ST.
If you are trying TDST reversal method, please note this down,
-----------
Good trade, VIKAS. remember that we have to go 4 bars behind the pivot low bar and in next 4 bars after the pivot low bar if the market closes above the highest close in 4 bars before pivot low, then the market has reversed to upside.
Yes , you can book the profits as per 2R/3R/4R or trail on 21 MA. If the move becomes very steep, the profit can be taken when the market closes below the 8 bar moving average also. This locks in profits much better in steep moves.
If you see longer term charts such as 30/60 min or even daily charts, you will see that 70-75 % times, the market reverses the trend with TD Point Reversal Pattern at the top / bottom. It is one of my favourite patterns..
Good going, well done.
Smart_trade
--------------
I have personally tested this TDST method for checking reversal, its quite awesome. Backtested for last 2 yr data, its working more than 65% of the times atleast. I checked with 30 min data of BNF alone.
re: Day trading Nifty & Banknifty Futures
As usual see how stupid I am without providing link keeping on posting
,
http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading.html
check the link above...
As usual see how stupid I am without providing link keeping on posting
,http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading.html
check the link above...
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