NIFTY 50 future TRENDS

[manoharpillai]

01-03-12..Spot Nifty trade above 5398 level will move to R1-5421 R2-5444 R3-5474 and for the down side levels S1-5365 S2-5338 S3-5292
WATCH OUT 5444 15 EMA

 

[kiranjakka]

The UP TL that I spoke of earlier contained perfectly. Not only that, but with the new downtrend (DOWN, as in the 4-hour, not the bigger picture.), price action was contained perfectly under the apex. So, we had the break of the TL, correction back to the TL, and now we are back in the new trend. As I mentioned before the swing low at 5324 is expected to be broken, as we head further south towards circa 5224.

I was just reminded of something. When I first started trading, my silent mentor was Max McKegg. I also tracked the forecasters at Action Forex closely. If Max and AF agreed, that was your confluence. I just noticed Sudoku's level at 5222. Mine is 5224. There's your confluence. Wouldn't it be something if the dip was 5223?

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thank you pips your words are very valuable :thumb:

 

[NANDAMAD]

Spot 5357 is Pivot ...Posted Levels yesterday for today's trader
Please always remember Pivot Is very strong indicator, Market either move from Low that is Sup.2 Sup.1 and then to test Pivot similarly moving down from R2,R1 and then test Pivot (as it Happened today) Breach of every level have to sustain minimum 15 minutes if so then the move will take it to the next level some time its very fast so take the previous level Res.or Sup. as Sl and remain with your positions. Day trading profit of 25 to 30 points are always good have to book profit and enter again at the right level.
Happy trading

Manu bro,

your simple method is really easy to understand for me. Though I cannot trade, since I go to office, I appreciate your posts..

 

[4xpipcounter]

Thanks for the positive reinforcement, Timepass. :lol:

Ha !!! It will prove that both of you were wrong :rofl:

:clap:

 

[4xpipcounter]

Thanks, Kiranjakka. I hope there's a few that will bank some points.

thank you pips your words are very valuable :thumb:

 

[timepass]

Thanks for the positive reinforcement, Timepass. :lol:

Always there for you


Mind you, if it was forex, you would be disappointed about your predictions not being hit to the exact fraction, had USD/EUR reversed from 1.3483 instead of 1.3485, you may have been taking another look at your charts and trendlines

 

[4xpipcounter]

Well, I was devastated being off by 2 pips. I was thinking about throwing my whole methodology in the garbage can--lol.

Funny thing we got to that point, circa 1.3480, and someone asks, "Pips! It doesn't look like your 1.3274 level is going to be hit. An hour later I'm asking, "What are you saying?"
The thing is my short on the EUR/JPY has not done a lot because the USD/JPY is going nuts.

I was thinking about taking my computer over to a friend's who has a 60" tv. I could plug my computer into his tv, and that hourly candle be almost as big as me.

Always there for you


Mind you, if it was forex, you would be disappointed about your predictions not being hit to the exact fraction, had USD/EUR reversed from 1.3483 instead of 1.3485, you may have been taking another look at your charts and trendlines

 

[Blitzz]

Spot 5357 is Pivot ...Posted Levels yesterday for today's trader
Please always remember Pivot Is very strong indicator, Market either move from Low that is Sup.2 Sup.1 and then to test Pivot similarly moving down from R2,R1 and then test Pivot (as it Happened today) Breach of every level have to sustain minimum 15 minutes if so then the move will take it to the next level some time its very fast so take the previous level Res.or Sup. as Sl and remain with your positions. Day trading profit of 25 to 30 points are always good have to book profit and enter again at the right level.
Happy trading

Excellent post :clap::clap:

 

[manoharpillai]

01-03-12..Spot Nifty trade above 5398 level will move to R1-5421 R2-5444 R3-5474 and for the down side levels S1-5365 S2-5338 S3-5292
WATCH OUT 5444 15 EMA

All down target hit next 5292 if sustain below 5315

 

[4xpipcounter]

An apex is not just 2 happy TL's crossing. It comes fully equipped with all the bells and whistles, it is saying sell and don't ask questions. Notice very little pullback after the apex was hit.
Notice the top of the cloud. Once price gets there, this will not be a normal hit on the cloud. There is going to be a looooong (I wanted to make sure everyone understood.) candle taking the top out. We know that is now going to happen, because we have to have another leg on the DOWN because the TL has already been corrected. It's going to rip the top out because the swing low on the correction happens to be on top of the cloud.

This is good stuff!!

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