Nifty Future 5min Ambush Style-Live

[bharatk8]

Reference post 1893
generally yes you are right...Divergences are very reliable patterns if traded well and right

I agree.BUT

RSI is not to be used in trending market.If you act on divergence(+ve or -ve) during trending phase you are bound to lose your shirt.

 

[ag_fx]

Reference post 1893
generally yes you are right...Divergences are very reliable patterns if traded well and right

I agree.BUT

RSI is not to be used in trending market.If you act on divergence(+ve or -ve) during trending phase you are bound to lose your shirt.

The Bold part was the key..

 

[ag_fx]

Good Mornng everyone

 

[bharatk8]

The Bold part was the key..

Yes.True.I simply tried to elaborate it,will try to post charts after mkt. hours for further clarification on how to handle divergence properly.

 

[dare2]

GM to all and wish u all a very happy trading day..

 

[jamit_05]

Bhai log.... sab khairiyat?

No trade so far... SOH... range contraction is expected... looking for quicker profit booking...

 

[jamit_05]

Short initiated...

 

[hitesh05]

short in mini

 

[jamit_05]

4460 is a strong support... will look at bar formations to take some profit there.

 

[hitesh05]

ankit, harsh anybody with us in short ?