Nifty Futures Trading Part 2 (Positional)

[renu daga]

well debate can be made on circled areas
but my logic since its nifty and aptern too long/ nifty summation of 50 scrips/ and time frame too long ,,so i think pull back took place but could not cross the upper boundary levls of descending traingle

renu
seniors pls comment

 

[ruchi_gupta]

Goodness me ,czar, I first thought how this thread turn it to a youtube?well post and thank you for warm welcome.Finally I figure out how to post chart ,thank yoy guys.

 

[Sunil]

Very True, what Alex says is right, so many guys swear on the worthlessness of indicators, but those who use them know they are goldmine, but only thing is each and every user adjusts his mix & setup of indicators, whatever gives them results as per their trading style...

Thanks on behalf of my slow stochs

 

[orderflow13]

well debate can be made on circled areas
but my logic since its nifty and aptern too long/ nifty summation of 50 scrips/ and time frame too long ,,so i think pull back took place but could not cross the upper boundary levls of descending traingle

renu
seniors pls comment

good logic, and ideal setups would be only in ideal world,in real world we may not get many.So pull back above the down line is negotiable considering its 20% of complete fall.And it is a elliot wave,it started with first impulse from 62k top ....though elliot waves r very confusing but ur triangle is no confusion.

 

[Sunil]

Czar, is there some Oscar Award ceremony tonite for the best thread/team...

Anyway, more the merrier..

 

[rajaram.dilipkumar]

well debate can be made on circled areas
but my logic since its nifty and aptern too long/ nifty summation of 50 scrips/ and time frame too long ,,so i think pull back took place but could not cross the upper boundary levls of descending traingle

renu
seniors pls comment

hi renu , nifty fall was due to bearish wedge followed up by h and s (even for tisco it was h and s ) and lets not get extremely bearish till nifty cracks 4000 on weekly closing .......as iam typing dow is down some 350 pts but still come friday 3.30 we will know the position.But does this make any difference to the way we trade , anyways we will go long or short 200 times a day depending upon the set-ups we get during the day(oh forgot this is a positional thread)

 

[Czar]

by the time you finished typing its only 180 down

 

[rajaram.dilipkumar]

by the time you finished typing its only 180 down [/QUOT

double bottom b/o ......cant trade it though

 

[orderflow13]

Hi alex, reading ur posts,ur charts are very clear and no overstatement attached to it,as we saw everwhere.
Matter of factly I was in a forex trade,and the average directional indicator which you uses,i also used it.I saw your few posts about $euro pair on crude thread.My qs is,why you not using any indicater related with volume? all are prise relative indicators?as volume is lot more importent. with Nifty I havent found volume bars.
And I really liked those smileys all ovr in this thread .one of many uniqueness of this thread.Thanks to czar for such a good thread.I will try to post my Nifty charts here as i am new to this site,trying to figure out how to do it.

Thanks ruchi for comments,i am looking foreword for ur posts hope satdas link help ya.About volume,nifty fut and option open interest serve me well as a volume indicator,if you use any vol indicators plz leme knw

 

[Sunil]

by the time you finished typing its only 180 down [/QUOT

double bottom b/o ......cant trade it though

LOL RD,
i can understand & feel the itch in your palms...
crossing 10930 remains key for more UT