Nifty Futures Positional Trading

[jamit_05]

Chart not looking good for shorters... LOD is established... now lookng to get the hell out at the next 15 min down bar... hope it comes soon...

 

[jamit_05]

SAR 6136.20; SL 17 points


My only hope for shorts to prevail till end of day lies in this observation:

The volume was very dull and so was the slope during this pullback. Hence, IF the fall come it should be sharp and quick, at which I will exit all my short positions...... Else will have to SAR at 6136.20

 

[jamit_05]

See the slope of the price and, down below, the decrease in average volumes... I think even if there is a Long trade it will be whipsawed...

All in all, today looks like a down day ... will wait to see the 2 p.m. factor.

 

[stock72]

if you are a technical trader , you must not make an opinion about the markets at all .and stick to your technical analysis system ,opinions have a way to stick to inside your head and make you see only what you want to see .............and not what the true reality is , there are billions of possibilities how markets will behave at any point of time, and even a super computer will have a hard time knowing what will happen , and we are only human .

Sorry for late reply ..in India now have less net access ...I agree with u .and Iam using a system and my saviours are the money management and positioning ...never the less market have only two direction to go either up or down ...1

 

[jamit_05]

SAR hit 6129.30; Will SAR again at its failure, which I am heartily expecting.

 

[jamit_05]

The 6100 CE were sold at an average cost of 120.

 

[jamit_05]

NF Long: 6129.15 SL 17 points.

This Long trade, if it has to work out, will be very profitable.

 

[jamit_05]

gkpc,

I think you mustve gone long over 6102, which was 5 min pivot. It is a very good entry... I just spotted it late.

 

[gkpc]

rkk gave two calls to me while on gchat :
Sell below 6107 for 20 points, did almost 18
Buy above 6092 for 20 points, if willing to carry this long trade further, add to long above 6130 ! This add coincides with your entry level!

 

[gkpc]

gkpc,

I think you mustve gone long over 6102, which was 5 min pivot. It is a very good entry... I just spotted it late.

I am in train, unable to see charts, was chatting thru mobile with rkk ! I trade mostly 15 min charts. Exit at times s as per 5 min. but entry on 5 min. I seldom take.