NIFTY 50 future TRENDS

[IAtma]

Bro, now days I am not doing the day trading (it is just an incident that since last 1 week I was facing some health issues, so was at home and for TP was doing day trading) else I am pure positional trader, and trade with 3-4 stocks only.

don't mix positional trade with day trade, for taking positions one can use monthly or weekly whereas for intraday one should chose atleast EOD.
a 5 minute (or any other TF) chart should be use to watch momentum only and not to enter in trade.

this is my simple thinking.

Atma, good job, having seen the trades and your comments !! If you would like to share this catching top/bottom for positional purpose ... that will be great. The problem in positional catching is that a) the signal comes too late so half the move is gone, and b) it does not come often. I have a list of 30-40 stocks to monitor and it gets to be too much work to identify what is ready to move. I went to hourly charts and that introduces the risk of gaps since the move of one day can be nullified the next. I am trying to work at 2-4 hour charts since the signals there would "likely" consider the market of probably 2 days. How would you do a positional trade (need not be for 3 weeks, could be for 3 days)?

 

[sanjosedesi]

alright thanks. i get the idea.

i do not even look at 5 minute charts. looking into 2-4 hour charts was to time my entries, or be prepared for the entries since lower timeframe charts do give you heads up on whether the positional trigger will come or not.

3-4 stocks is too little in my opinion. my list is probably too big (some of them are not trading stocks and i will prune them over time), but i have become familiar with price history of most of them (more than half for sure) that sometimes you do not even need to look at the charts, you know when to look just by knowing the price.

Bro, now days I am not doing the day trading (it is just an incident that since last 1 week I was facing some health issues, so was at home and for TP was doing day trading) else I am pure positional trader, and trade with 3-4 stocks only.

don't mix positional trade with day trade, for taking positions one can use monthly or weekly whereas for intraday one should chose atleast EOD.
a 5 minute (or any other TF) chart should be use to watch momentum only and not to enter in trade.

this is my simple thinking.

 

[tomjerry]

Sudoku, did you notice that the Chinese Banks have a CRR of 20% !!!. Our banks have CRR of 6-7% and still RBI wants to make cuts in it. It makes me feel very insecure, that the PSU banks are so highly leveraged.

When china economy started overheating (rapid high growth), at that time world was warning china and thus china had to rise CRR(RRR) 26 times, of which 19 in a row from june-06 to june-08! Chart link: http://www.zerohedge.com/sites/defa...imageroot/2012/05/China PBOC RRR response.jpg

As per Enam, India now requires about $800 million per trading day to fund its burgeoning trade deficit and as per JP Morgan it is $350 million per day. By considering median figure $575, India had to spent $200billion from its current reserve of $290billion without any inflow or outflow. Imagine USDINR 64 after one year :lol: Hopefully India will not require to airlift gold reserve again like it did in 1991 :lol:

 

[rajasree1]

Gann fan , another way which I tried.

Hi Raj,
It was Linkon Sir's Ichi and I used 'super pivot point' afl changing the viriables as per the need of time.
Pl search Traderji, you can find more and more and try the best suitable one for your trading psychology and follow the seniors.
I am sharing my experience only.
Thanks.

 

[vinst]

When china economy started overheating (rapid high growth), at that time world was warning china and thus china had to rise CRR(RRR) 26 times, of which 19 in a row from june-06 to june-08! Chart link: http://www.zerohedge.com/sites/defa...imageroot/2012/05/China PBOC RRR response.jpg

As per Enam, India now requires about $800 million per trading day to fund its burgeoning trade deficit and as per JP Morgan it is $350 million per day. By considering median figure $575, India had to spent $200billion from its current reserve of $290billion without any inflow or outflow. Imagine USDINR 64 after one year :lol: Hopefully India will not require to airlift gold reserve again like it did in 1991 :lol:

tomjerry,
when was the above mentioned Enam report released?

 

[tomjerry]

tomjerry,
when was the above mentioned Enam report released?

enam: http://www.firstpost.com/economy/in...trading-day-to-fund-trade-deficit-305208.html

JPM: http://timesofindia.indiatimes.com/...nk-to-2-rupee-slides/articleshow/13101412.cms

 

[manoharpillai]

This Chart could give some clarity on Probable medium term trend and the TL levels to watch out for ..
sup..around 5050 and Res. at ..5500 Levels showed in the chart
breakdown/ breakout of these levels will take it to the next stage as per the levels in the chart...
Happy trading and enjoy your week end will come back by 1st week of May till then bye...

Hello to all my dear TJFriends
This was my post on 21st Apl. 2012 i took break went through some of interesting topics well my opinion is coming week is very crucial for the entire world market ... all at cliff hanker lets us see.

 

[sanjosedesi]

Hello to all my dear TJFriends
This was my post on 21st Apl. 2012 i took break went through some of interesting topics well my opinion is coming week is very crucial for the entire world market ... all at cliff hanker lets us see.

Mano ji, welcome back. You did come back after May 1st, but then suddenly stopped posting, so we were wondering what happened. Anyway, looks like all izz well. Good to see you.

 

[manoharpillai]

Mano ji, welcome back. You did come back after May 1st, but then suddenly stopped posting, so we were wondering what happened. Anyway, looks like all izz well. Good to see you.

Big resistance from all family members to restrain from trading stock market ..TA and all this stuff because of my health condition ... i am fit and fine felt it's better to listen them too.

 

[TradeJoker]

manoharji, thanks for coming back