Nifty Futures Positional Trading

[jamit_05]

A reliable Short setup is now in place.

Taking Full-Fledged Short entry at 5597.95 Apr Series. SL 30 points.

(Will take position in May series though)

 

[jamit_05]

Interesting... NF is showing negative divergence when compared to Spot !! This cannot be a good sign at dizzy tops !!

 

[jamit_05]

Any one of these down legs in one minute time frame will be so massive... will reverse the entire days move !! Wishful thinking

 

[jamit_05]

This cannot be good....

Either fresh buying comes in to close the unfilled Down Gap, which is a proper formality... no sign of strong bulls.
Or give bears what is due.

Sideways is not likely to continue, cuz there is enough of it already.

 

[PartTime_Trader]

Hello

What is the charting time frame that your above positional trades are based on?

Cheers
::thumb::

 

[jamit_05]

Hello

What is the charting time frame that your above positional trades are based on?

Cheers
::thumb::

Trend is in Daily... which is still down on closing basis.
Entry is as per Intraday setups and their definition of Entries and SLs.

 

[jamit_05]

The really good thing about this entry will be its Stop Loss. It will be right above the swing high. An ideal place for a positional trader.

Provided prices jump all the 5 hoops correctly

 

[PartTime_Trader]

Trend is in Daily... which is still down on closing basis.
Entry is as per Intraday setups and their definition of Entries and SLs.

ok

Do you always trade in the direction of the ongoing daily trend, or you also take trades anticipating the change in trend.


Cheers
::thumb::

 

[jamit_05]

ok

Do you always trade in the direction of the ongoing daily trend, or you also take trades anticipating the change in trend.


Cheers
::thumb::

Always, in the direction of the daily trend.

(tssskk... only a very small quantity, 1/5th, to speculate against it )

 

[jamit_05]

A reliable Short setup is now in place.

Taking Full-Fledged Short entry at 5597.95 Apr Series. SL 30 points.

(Will take position in May series though)

Setup kept us out of taking short entries.

SHifting Entry level to 5646.40