Nifty Futures Positional Trading

jamit_05

Well-Known Member
Currently the LOD of previous day has been broken... does that make a short entry as per your setup??
Yes it does. But, ideally the Gap should be covered immediately. To be precise, if it werent a gap, the short entry would be below 5899.45 Spot. So, if we do not see an immediate, within a day or two, damage of 5899.45 Spot, then the uptrend is intact. Else, start looking for shorts.
 
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jamit_05

Well-Known Member
Did not punch orders in advance; was not expecting such a fall. I have learned my lesson in the last two moves, that not to rely on one single level of entry, one could miss it for several reasons like this fresh one.

Therefore, for entry in direction of the trend I have identified others setups too. Will trade them in subsequent days.

Current Daily Trend is still up. This fall could prove to be a reversal to the mean. Won't be surprised to see a sharp reversal of this fall. Change of trend will only be affirmed EOD.

Moreover, market has fallen 3% already and have almost entirely covered the Gap, only 30 odd points more. More sharp downside today will be an anomaly.
 
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rkkarnani

Well-Known Member
Todays trades : Long overnight !
Today Short level was below 6069 : Did not trigger!
Intraday Long above : 6105.50 after 11:45 and some qty when crosses 6120 !
20th Sep Trades till now !

Long overnight !
SL hit for Longs at 6074
Intraday short triggered at 6074 !
Reversed to Positional Long > 5990

SL at 5944 for Positional Long ! Will exit Longs at end of Day if it does not breach 6100 and closes above 6094 !
 

jamit_05

Well-Known Member
20th Sep Trades till now !

Long overnight !
SL hit for Longs at 6074
Intraday short triggered at 6074 !
Reversed to Positional Long > 5990

SL at 5944 for Positional Long ! Will exit Longs at end of Day if it does not breach 6100 and closes above 6094 !
Is this your trading plan. Which Timeframe you are trading and getting the trend from?
 

gkpc

Well-Known Member
20th Sep Trades till now !

Long overnight !
SL hit for Longs at 6074
Intraday short triggered at 6074 !
Reversed to Positional Long > 5990

SL at 5944 for Positional Long ! Will exit Longs at end of Day if it does not breach 6100 and closes above 6094 !
Thank you rkk for posting the levels! Further :
Intraday Shorted below 5998 !
 

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