Long or Short Opinion

[crown]

Rajput bhai
please help
I am getting this in EOD nifty chart which shows negative divergence for going short in positional base; Also getting some ghost like formation
image below
please guide

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[rajputz]

i have never worked upon Lowertop divergence over CCI crown. Where cci makes lower top and price makes higher highs. recently i came to know that Vegas trade is a Divergence pattern over CCI. Well personally i havent got any signal for nifty on eod basis, except exit for longs as cci has crossed +100 line. And this isnt a ghost. It happens many times with nifty that there is no pattern to trade. But when a valid pattern comes, it sure is respected. But for now i dont see any trade on eod basis. Well on other forum, one CCI user was confirming it to be a divergence trade to go short. But i am not comfortable with it, cause never tried to trade it.

Hope it helps.

Take care.

 

[crown]

i have never worked upon Lowertop divergence over CCI crown. Where cci makes lower top and price makes higher highs. recently i came to know that Vegas trade is a Divergence pattern over CCI. Well personally i havent got any signal for nifty on eod basis, except exit for longs as cci has crossed +100 line. And this isnt a ghost. It happens many times with nifty that there is no pattern to trade. But when a valid pattern comes, it sure is respected. But for now i dont see any trade on eod basis. Well on other forum, one CCI user was confirming it to be a divergence trade to go short. But i am not comfortable with it, cause never tried to trade it.

Hope it helps.

Take care.

thanks bhai for confirming that it is not a ghost
but, I am actualy confused in getting contrary situation in hourly and EOD charts of nifty. As per hourly chart, long entry is to be made when nifty closes above 5440 on hourly basis. While EOD charts showing negative divergence. May be that hourly will act first and Nifty will go up to around 5480 and then, the impact of negative divergence may come into action.

what is your take bhai, should one enter long or short or remain away till things become clear?
I am opting for remaining away now, because things are not clear.

 

[VJAY]

i have never worked upon Lowertop divergence over CCI crown. Where cci makes lower top and price makes higher highs. recently i came to know that Vegas trade is a Divergence pattern over CCI. Well personally i havent got any signal for nifty on eod basis, except exit for longs as cci has crossed +100 line. And this isnt a ghost. It happens many times with nifty that there is no pattern to trade. But when a valid pattern comes, it sure is respected. But for now i dont see any trade on eod basis. Well on other forum, one CCI user was confirming it to be a divergence trade to go short. But i am not comfortable with it, cause never tried to trade it.

Hope it helps.

Take care.

Dear rajput bhai,
If you out of long in nf eod basis... market if reversed to up then where will you enter again?what are the indicators to use to reenter?i mean in turtle pivot & cci?

 

[crown]

Dear rajput bhai,
If you out of long in nf eod basis... market if reversed to up then where will you enter again?what are the indicators to use to reenter?i mean in turtle pivot & cci?

thanks vijay bhai, I was just thinking of asking this question to Rajput bhai

One more questin Rajput bhai, That was not a ghost pattern because it has more than 3 bars in the head? Is it correct?
please help Rajput bhai
:clap:

 

[rajputz]

thanks bhai for confirming that it is not a ghost
but, I am actualy confused in getting contrary situation in hourly and EOD charts of nifty. As per hourly chart, long entry is to be made when nifty closes above 5440 on hourly basis. While EOD charts showing negative divergence. May be that hourly will act first and Nifty will go up to around 5480 and then, the impact of negative divergence may come into action.

what is your take bhai, should one enter long or short or remain away till things become clear?
I am opting for remaining away now, because things are not clear.

Only one line. Any Pattern can fail. Shorter time frame gives result accordingly, but ultimately it synchronizes in the direction of higher timeframe. So if you are taking trades on hourly basis, then let it for hourly. If Eod then y to look at daily fluctuation.

 

[crown]

Only one line. Any Pattern can fail. Shorter time frame gives result accordingly, but ultimately it synchronizes in the direction of higher timeframe. So if you are taking trades on hourly basis, then let it for hourly. If Eod then y to look at daily fluctuation.

thanks Rajput bhai

 

[rajputz]

Dear rajput bhai,
If you out of long in nf eod basis... market if reversed to up then where will you enter again?what are the indicators to use to reenter?i mean in turtle pivot & cci?

On both CCI and turtle cci i havent got a trade, so the last trade i have taken is long nifty at 5406 on eod basis only...before that i hit a stoploss of 30 points...Every day i get a Stop and reverse point on Nifty Spot. If spot is below that on closing basis, i will exit, otherwise stay long. Intraday fluctuations are wild and stoploss taking so not trading intraday. My yesterday stop and reverse level was 5416, but nifty closed around 5418, so didnt closed the call. Today it was 5428, and nifty closed at 5430, so still open. Tomorrows Stop and Reverse point is 5434. For any crazy moves, i keep an initial stoploss every day in morning at around 5390. Just in case some thing wild happens!!!

the other trade i am currently in is Hindunilvr short from 261.50 levels. next Future. Didnt got exit yet. Stoploss is 270.

At these levels, even if market reverse to upside, i wont go long as i dont feel comfortable with it yet. There are many oversold share to go long at that time. I am even uncomfortable with the Last open nifty trade. If this also hits a stoploss, i will rather wait for some time.

 

[aditya14]

Our market is headed to a grand fall going by the way markets haven`t broken out since going over 5400.This cat and mouse game may end at start of august series.

 

[rajputz]

thanks vijay bhai, I was just thinking of asking this question to Rajput bhai

One more questin Rajput bhai, That was not a ghost pattern because it has more than 3 bars in the head? Is it correct?
please help Rajput bhai
:clap:

I think i am mistaken some where crown. Please circle the portion of CCI which you are considering as a ghost. Cause Last three signal that occured on nifty were Zlr, Failed Zlr(Famir), failed Famir and today the exit on daily basis. I cant find ghost. Please mark the cci portion u considering ghost.