Day Trading Stocks & Futures

[pratapvb]

re: Day trading Nifty & Banknifty Futures

bnf short with one add...I rarely add in intraday but have taken the risk today


usually when I add intraday the mkt reverses...so had stopped taking adds

 

[throwawayacc123]

re: Day trading Nifty & Banknifty Futures

Feds truly control the world.....

 

[Venu_CA]

re: Day trading Nifty & Banknifty Futures

Guys must download and read this book--
http://niftynirvana.blogspot.in/2013/12/download-e-book.html

decision points will be a great addition to your arsenal, thanks for writing this book :thumb:

Apart from the decision points I liked the concept of space and trouble areas.
Many of my losing trades could have avoided if I paid attention to this:thumb:

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

that is 2day prev vwap...that is day before yesterday (only taking trading days) vwap....so DBYPOC

2day vwap is diff and is the vwap calculated with 2days worth of price bars...so on 1min it would be 375*2 bars

Okay got it. I missed typing 'prev' in my initial post.

Thank you for clarifying

 

[altaf petiwala]

re: Day trading Nifty & Banknifty Futures

............ See next post please.

 

[altaf petiwala]

re: Day trading Nifty & Banknifty Futures

Apart from the decision points I liked the concept of space and trouble areas.
Many of my losing trades could have avoided if I paid attention to this:thumb:

This post is about PA trading.

My opinion.... this is all visible in hindsight.

After a trade goes wrong, you can always draw another trendline that seems more visible now than before, and blame yourself for not seeing that trouble area before.

This is all subjective trading.
Doing it in realtime is extremely difficult, and a trader will always be one step behind, finding faults for not looking at this or that trendline or S/R or trouble area, or test, or retest, or failure, or BOF, etc etc.

Just my opinion, others may feel that the holy grail has just been discovered. Thats their opinion

 

[Vertigo_1985]

re: Day trading Nifty & Banknifty Futures

as us economy is strengthening export oriented sectors should have been in the long watchlist for today(IT, Pharma). That's why macro perspective is also important, you get an idea about where the money is most likely to flow.

 

[stock72]

re: Day trading Nifty & Banknifty Futures

To me, u r perfectly correct .. TA is nothing but recording the actuals .. it will never say what the future is ...
then how to trade ? .. yes, we need TA to have a bias to take position either long or short .. the real beauty is how the trade being managed matters ..

with proper money management, position sizing ...

This post is about PA trading.

My opinion.... this is all visible in hindsight.

After a trade goes wrong, you can always draw another trendline that seems more visible now than before, and blame yourself for not seeing that trouble area before.

This is all subjective trading.
Doing it in realtime is extremely difficult, and a trader will always be one step behind, finding faults for not looking at this or that trendline or S/R or trouble area, or test, or retest, or failure, or BOF, etc etc.

Just my opinion, others may feel that the holy grail has just been discovered. Thats their opinion

 

[anup]

re: Day trading Nifty & Banknifty Futures

Caution to everyone..Our TJ FII aka Stock72 still has not closed the longs...Beware about your shorts!!

 

[throwawayacc123]

re: Day trading Nifty & Banknifty Futures

This post is about PA trading.

My opinion.... this is all visible in hindsight.

After a trade goes wrong, you can always draw another trendline that seems more visible now than before, and blame yourself for not seeing that trouble area before.

This is all subjective trading.
Doing it in realtime is extremely difficult, and a trader will always be one step behind, finding faults for not looking at this or that trendline or S/R or trouble area, or test, or retest, or failure, or BOF, etc etc.

Just my opinion, others may feel that the holy grail has just been discovered. Thats their opinion

LOL man, trading was always and will always be subjective/discretionary.

For niranjan, he has made something click for him after years of study and research. It doesn't mean it will work the same for other traders.


It doesn't suit you because your trading style and your personality is different and you must find a method/system that works for you.

:thumb::thumb::thumb: