Intraday Trading

kthakker0

Well-Known Member
14/10/2013 Monday

Hi,

Keep a SL of 6095 and go long for 6133, 6155, 6175, 6210, 6236 n 6250

NF trading and more specifically closing < 6095 will distort the rally.

NF trading > 6250 should be used to go short or book profits.

NF closing > 6250 could trade between 6290 - 6330.

Bye
21/10/2013 Monday

Hi,

We have seen NF close < 6094 distorting the rally for a day and we have also seen NF trading > 6133 the next day to reach our above mentioned targets as well.

Now with only 6250 remaining I am ready to not only book the required profits of the last leg but will prepare to go short on the first red signal.

Perhaps that signal could be the high of tomorrow. But if NF closes above 6250 then the sell signal will be delayed by about 100 odd points.


Bye
 

kthakker0

Well-Known Member
14/10/2013 Monday

Hi,

Keep a SL of 6095 and go long for 6133, 6155, 6175, 6210, 6236 n 6250

Bye
22/10/2013 Tuesday

Hi,

Yesterday was the turning day as per Fibonacci and NF trading and sustaining the trades above the high of 6239 should be a very tough challenge today.

Booking Profit / Loss is based one's personal money management guidelines.

Bye