General Trading Chat

[manojborle]

First good trade in December Series.

 

[nifty trade]

Nifty Futures Hourly Chart

Breakout !!!:clap::clap::clap:

Same breakout as seen on the 5 min Chart

Nifty Futures 5 min Chart

those lines drawn by you looks to be quite arbitrary ,quite loose trend lines

 

[vishnu_1990v]

Is there any method to identify momemtum stocks for intraday trading.
Pls reply seniors.
vishnu_1990v

 

[amitrandive]

those lines drawn by you looks to be quite arbitrary ,quite loose trend lines

Seen as loose because chart was compressed.
Look at the zoomed in chart.

PS: Drawing trendlines is very subjective and varies from person to person.No two persons will draw the exact same trend lines.

That is why TA is more of an art than a science.

 

[TraderRavi]

7900 spot breakega

 

[vishnu_1990v]

7900 spot breakega

TraderRavi,
Nifty spot around 7914.
vishnu_1990v

 

[nifty trade]

Seen as loose because chart was compressed.
Look at the zoomed in chart.

PS: Drawing trendlines is very subjective and varies from person to person.No two persons will draw the exact same trend lines.

That is why TA is more of an art than a science.

also you seems to be using December future from the beginning , whereas , we trade and whole system is based on continuous future system , so it seems its a flawed method of looking at chart and its trendlines

if its a continuous future chart then there seems to be something wrong in your data ,my chart trendline didnt break yet ...............

 

[amitrandive]

also you seems to be using December future from the beginning , whereas , we trade and whole system is based on continuous future system , so it seems its a flawed method of looking at chart and its trendlines

if its a continuous future chart then there seems to be something wrong in your data ,my chart trendline didnt break yet ...............

Do you trade Nifty December Futures or Nifty Continuous Future????
Better way of looking is the spot Nifty chart.


Anything works if you take the trade correctly.
I don't have the future continuous data hence using whatever is available

 

[nifty trade]

Do you trade Nifty December Futures or Nifty Continuous Future????
Better way of looking is the spot Nifty chart.

been looking at nifty spot for 2-3 years , now on GFDL no spot , its only my 3rd day on GFDL, also for last few months intentionally made a point to look only at nifty continuous future to get out of confusion .

we trade nifty future after trading nifty for few years on spot chart i have realized to actually trade it on future chart only

you cant say that i am doing whatever is available , FII , DII trade nifty future ? what would they do ? do what they are most likely doing . its not that nifty continuous is not available ...............you will have extra edge doing what most people are doing , or seem to be doing , support and resistance will work much better

 

[nifty trade]

Do you trade Nifty December Futures or Nifty Continuous Future????
Better way of looking is the spot Nifty chart.


Anything works if you take the trade correctly.
I don't have the future continuous data hence using whatever is available

for you trend line is broken but market is still holding ............why ? because continuous chart trendline is holding it .

thats the difference in doing what all are doing and you doing it alone............atleast in case of normal vs continuous chart as far as trendlines are concerned