Day Trading Stocks & Futures

VJAY

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Maybe time to book profits, though it looks like at least one more upside leg will be there.
am not in with this move :( though no regrets :) ...not got my rulewise entry ....
 

trader15

Well-Known Member
re: Day trading Nifty & Banknifty Futures

May be Hem bhai made an entry above 10:20 10:25 minor pivot which broke atound 11:25
Thanks. Another question: What makes one certain to take a trade. So many times pivots get broken only to pull back.

Lets see the scenario of even the HOD break @ 6266 at that time. Even that has possibilities of pull back and trap you.

So what other indicators add to the confirmation that yes its say 70% probability and now enter

Trying to broaden my learning here
 
re: Day trading Nifty & Banknifty Futures

Hi Hem,

I entered the trade @ 10.30. Had to hold the trade till 11 am. without any clear indication of upmove.

Lets see 5 min charts. What shows a trader like you to enter around 11 - 11.15 am, which is most appropriate time to enter and catch this kind of upmove in shortest amount of time.
You bought NF when it was still in sideways zone. It broke out above 6265 after making a higher bottom around 6250. The correct buy was above 6265 or 6269, which was yesterdays VAL level ,to be on safer side.

Smart_trade
 

VJAY

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Thanks. Another question: What makes one certain to take a trade. So many times pivots get broken only to pull back.

Lets see the scenario of even the HOD break @ 6266 at that time. Even that has possibilities of pull back and trap you.

So what other indicators add to the confirmation that yes its say 70% probability and now enter

Trying to broaden my learning here
This type of moves comes very rare .....so if your system not given trade its ok...its happen ..some methods given entry ....
as for as my method if it given a small pause abv --64 i would got opportunity to enter long ...so we can't make a rule to entries for this type moves always :)
 

whisky

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Movement ho to asi ho nahi to maza nahi ata. No trade in hand but loving the movement.
 

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