Nifty Futures Trading Part 2 (Positional)

[Sunil]

Sunil,

I apply EMA(9) on EOD data for positional trades.
QUOTE]

columbus,
just wanted to confirm this:
so, u enter long whenever EMA (9) is broken on upside, and SAR it whenever it is breaks down on INTRADAY basis... or u wait till last 10 minutes & compare the possible closing with EMA (9) for your positional trades????

for example, taking the recent data...
using EMA (9) data & EOD chart of FUT,
one is currently short and EMA (9) is currently 3983
so, you would exit short & enter long when 3983 is broken on upside ANYTIME during trading hours, or u usually wait for confirmation till around closing time, or u give some margin like 3983 + 14 for changing position during trading hours???

just wanted to know from your experience

 

[Sunil]

xtalk u echo our voices

sunil, givin u link, in kolkota meet we didnt see much from himadri roy, but i hope he reappears here n guide, postin the interesting link of mov. avgs though its for fchart logic is very beautiful

http://www.traderji.com/f-chart/15095-fchart-formula-10.html

this highest high & lowest low is very old but handy concept...
i use 2 day & 3 day HODs & LODs for this...
for example, if i am short, then i would enter long only when the last 2 days' high is broken on CLOSING basis.... but i would keep less quantity, and wait for 3 days' HIGH to be broken too for addition of quantity...
5 days' HODs & LODs are most lagging to me....
who would use 20 days thing!!!!!!!!

here's a sample chart - the author is using 20 day & 10 day levels
http://www.vfmdirect.co.in/nl/eod.png

 

[mitasatyajit]

My god !!! my chart is being torn in pieces

ohhh buddy , i hope u dont mind a minor dissection , sorry guys, patient got up b4 the operation .. anesthesia guys come here !!!!

 

[mitasatyajit]

We bengalies are busy for celebrating Durga Puja '2008. Greetings to all.

 

[orderflow13]

this highest high & lowest low is very old but handy concept...
i use 2 day & 3 day HODs & LODs for this...
for example, if i am short, then i would enter long only when the last 2 days' high is broken on CLOSING basis.... but i would keep less quantity, and wait for 3 days' HIGH to be broken too for addition of quantity...
5 days' HODs & LODs are most lagging to me....
who would use 20 days thing!!!!!!!!

here's a sample chart - the author is using 20 day & 10 day levels
http://www.vfmdirect.co.in/nl/eod.png

lol. aggressive intraday trader at his best
one more thing, go on 30 mini flow of saint, interesting point he mentioned about inside bar answering my post( there was a dissection of 4th jully nifty chart ) u also analyze that chart for inside bar perspective
i wil give link to that and add 4 th jully nifty chart

 

[orderflow13]

sat da , i wish i also be there. Must be very festive environment. greetings and best wishes from my side

 

[orderflow13]

Inside bar by saints angle

http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-197.html

 

[columbus]

Sunil,

I apply EMA(9) on EOD data for positional trades.
QUOTE]

columbus,
just wanted to confirm this:
so, u enter long whenever EMA (9) is broken on upside, and SAR it whenever it is breaks down on INTRADAY basis... or u wait till last 10 minutes & compare the possible closing with EMA (9) for your positional trades????

for example, taking the recent data...
using EMA (9) data & EOD chart of FUT,
one is currently short and EMA (9) is currently 3983
so, you would exit short & enter long when 3983 is broken on upside ANYTIME during trading hours, or u usually wait for confirmation till around closing time, or u give some margin like 3983 + 14 for changing position during trading hours???

just wanted to know from your experience

Sunil,

YES.I look for crossover between EMA and futures graphs.If futures graph is below their corresponding EMA they I hold SHORT positions. If you look at the EOD chart Nifty-FUTURES of last 4 months ,5 positions could be possible:

1.4800~3980.........33 days........short
2.3980~4500.........20 days.........long
3.4500~4350.........10 days.........short
4.4350~4420..........8 days...........long
5.4420~present......16 days..........short .....Continuing.

Now EMA(9) on Nifty-Fut stands at 3996.Nowadays I am more interested in INTRADAY trades.

 

[Czar]

SHUBHO BIJOYA

 

[orderflow13]

point to be noted
we actually having h & s on volume chart also . ( not conventional where exactly two s are same )