NIFTY 50 future TRENDS
- Thread starter sudoku1
- Start date
- Status
VJAY, that was a concern of mine when I first started forecasting Nifty. One of the things to take note of is that it is no secret that by looking at the charts where the 1st candles of the days are and the second. If those spikes spiked to new new high or new low, then it is immediately reflected in the reading of the tenken and kijun, by virtue of the math. The span a and B would also work the same on the daily and 4-hour charts, but they encompass a longer period of time for the readings, and that would be in the future, and so it would have nothing to do with the present.
Also, the respective spikes that I talked about look even nastier on the hourly.
Bringing all this together with my recent forecast, the top of the 4-hour cloud is one of the R's in the cluster, and the main one. If it is a spike of a gradual move to the top, the top of the cloud should still contain.
If you compare the overall cloud properties and the personality involved with its components, you will notice even the Nifty chart obeys the rules of ichimoku.
I posted the hourly to show 2 things, and why it looks kind of lost with regards to future price action:
1. One of the things I have said many times in my thread is that in drawing TL's, it is safe to use anything from the 4-hour and higher. The hourly and less are subject to false breaks. That is what you see to the south in the middle.
2. Current price action is showing we got the break of the cloud and the respective price movement. Then we see the sideways movements back and forth on the tenken and kijun. A lot of this type of indecision happens before a reversal. Sometimes it happens before another huge breakout. All the hourly is showing is that it could happen either way. So, then we use conjecture such as then ext reference point with regards to the S&R's, the channel composition, and even the stochastics might be of help.
The 4-hour shows a complete different story. It shows a definite point where containment should be. The daily then comes along and says, "Yeah, I agree! I got the kijun adding some strength to that containment!"
Afterward, we can go to the hourly and say, "Yeah! Stochastic momentum favors the market going north. The recent peak should be broken. The SD channel composition favors that. It will hit the top of that channel around the time it hits the WR1. Add to that what we are witnessing on the 4-hour and daily, and get ready to buy your tickets. The plane leaves south at circa 4848.
Also, the respective spikes that I talked about look even nastier on the hourly.
Bringing all this together with my recent forecast, the top of the 4-hour cloud is one of the R's in the cluster, and the main one. If it is a spike of a gradual move to the top, the top of the cloud should still contain.
If you compare the overall cloud properties and the personality involved with its components, you will notice even the Nifty chart obeys the rules of ichimoku.
I posted the hourly to show 2 things, and why it looks kind of lost with regards to future price action:
1. One of the things I have said many times in my thread is that in drawing TL's, it is safe to use anything from the 4-hour and higher. The hourly and less are subject to false breaks. That is what you see to the south in the middle.
2. Current price action is showing we got the break of the cloud and the respective price movement. Then we see the sideways movements back and forth on the tenken and kijun. A lot of this type of indecision happens before a reversal. Sometimes it happens before another huge breakout. All the hourly is showing is that it could happen either way. So, then we use conjecture such as then ext reference point with regards to the S&R's, the channel composition, and even the stochastics might be of help.
The 4-hour shows a complete different story. It shows a definite point where containment should be. The daily then comes along and says, "Yeah, I agree! I got the kijun adding some strength to that containment!"
Afterward, we can go to the hourly and say, "Yeah! Stochastic momentum favors the market going north. The recent peak should be broken. The SD channel composition favors that. It will hit the top of that channel around the time it hits the WR1. Add to that what we are witnessing on the 4-hour and daily, and get ready to buy your tickets. The plane leaves south at circa 4848.
Mine's working.
BTW, that big mama will have her way when we get to 4840. She is going to come crashing through 4787, 4715, 4664, and well.. all the way to 4499 (Are you reading Sudoku--lol?), and even lower than that.
Crane service!? Naw. That cable ain't long enough.
BTW, that big mama will have her way when we get to 4840. She is going to come crashing through 4787, 4715, 4664, and well.. all the way to 4499 (Are you reading Sudoku--lol?), and even lower than that.
Crane service!? Naw. That cable ain't long enough.
Ek se bhale do. 
I can't either. Fatso as she is...we are talking tons, not pounds, you know. Gotta ring up Crane service, I guess. :lol:
(sorry guys, no thanks button.)
I can't either. Fatso as she is...we are talking tons, not pounds, you know. Gotta ring up Crane service, I guess. :lol:
(sorry guys, no thanks button.)
Thanks, Timepass.
I actually read your post after I wrote mine.
The reason for that is what I mentioned with regards to TL's.
In daytrading, I might look at the 4-hour and daily to get an overview, but then scope down to the hourly to more perfect an entry. I also use the hourly and 15-min to trail my stop on a daytrade.
I had several daytrades last week, as I do not trust the euro markets, but still see how they are going to drop further. Most of my trades last week were stopped out, but all with nice gains. When the slower time of the day comes (Starting around 10:30pm your time.), I scope down to the 15-min using my stop loss.
I actually read your post after I wrote mine.
The reason for that is what I mentioned with regards to TL's.
In daytrading, I might look at the 4-hour and daily to get an overview, but then scope down to the hourly to more perfect an entry. I also use the hourly and 15-min to trail my stop on a daytrade.
I had several daytrades last week, as I do not trust the euro markets, but still see how they are going to drop further. Most of my trades last week were stopped out, but all with nice gains. When the slower time of the day comes (Starting around 10:30pm your time.), I scope down to the 15-min using my stop loss.
6 hrs 15 min, so why not 15 min candles ?? Paul did say sometime in the beginning that he is more comfortable with 4hr TF, and he has been doing fine with on the Nifty.
Now, here's what I see : All it needs is one strong push by the bulls in next 3-4 sessions and we are into happy clouds, else it is slow slide down towards Sudoku's targets. The chartist fellows will read more in this, but let me point that the Tenkan has crossed Kijun from bottom.
Now, here's what I see : All it needs is one strong push by the bulls in next 3-4 sessions and we are into happy clouds, else it is slow slide down towards Sudoku's targets. The chartist fellows will read more in this, but let me point that the Tenkan has crossed Kijun from bottom.
- Status
Similar threads
-
NSE Changes Nifty Bank Expiry Day to Friday for Future and Options Contracts
- Started by DreamDeal
- Replies: 11
-
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices- Started by allex418
- Replies: 7
-
-
-