Nifty Futures Trading Part 2 (Positional)

[orderflow13]

ideally usd ($) must weaken if there are chances of fed rate cut. But in 1 min chart its not showing so,$ gaining tick by tick.Watchin $ may give idea wt fed gonna do , not completely but lil bit

 

[Sunil]

I am sure all bears are dancing their way to the bank now...

Now, today's LOD SPOT 3950 was pretty close to the multi-year TL "congress" support (on non-log adj chart) at 3900 (which is supposed to hold for rest of sept, as per that TL)....
and the slaughtered bulls are awaiting revenge...

Let's see where this crude recoil & US boil takes us...

 

[orderflow13]

lol sunil.....we better replace the bull in front of BSE by that bear ...

 

[Czar]

Ya Sunil Take the bear there, atleast he keeps dancing, the darn Bulls keeps Running away

 

[learn2trade08]

dear sunil,
are you talking of 1 min or 5 min charts?
like you know i am still a novice so i cant see any inv h&s as of now,can you please post the charts that way i get to learn...
please a sincere request as this would really help me prepare for tomorrow mornings trade...
thanks

arey L2T,
yaar, can u confirm this intraday inv H&S (diagonal neckline)

 

[Sunil]

then ignore it, L2T...
it's not a classical pattern whether in 1 min or 5 min...

when one looks for UT, then one is always on look out for bullish patterns...
vice-versa, when is bearish....

that's why i like to discuss here, so that my myopic biases are kicked out...

 

[Sunil]

hey alex, liked that article by ET today...
even they are saying that in today's panic, look to close out the shorts & go long..
first, gotta see today's Dow closing for that...

and since most Asian markets were closed today (their version of shraddha began today too, along with us).. so we will be having mostly REDs for company for tomorrow's opening

 

[Sunil]

looking at the global markets, it seems that 9/11 has come 3 days late...
i was not into "trading" neither at that time nor in Jan 08... so, yet to see the real "free fall"

 

[columbus]

Observation of Gain, after 5 successive losses will be tested once again.

 

[xtalk]

Really feeling sad, watching those Lehman employees returning, leaving office with all their belongings. All of them are jobless, latest victim of credit crisis. Lehman now trading at 37c.