Nifty Futures Trading Part 2 (Positional)

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pkamalesh

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satda..plzz verify if the trend lines im drawing are correct or no..also plzz teach me(if u can afford time) as to how u interpet when to go long and when to go short according to line baba
 

pkamalesh

Well-Known Member
If everybody think like that and wait for the line to break for going LONG then it will never break on the Upside... Then how it will be breaking..?Anything smells? Please comment. (This is not a funny statement.)

Q: Then how it will be breaking..?

Regards,
Hari.
Hari its only an indicator and we all are used to and follow trend lines...and when it has always provided some idea..why do u wanna go against...i might be wrong but this is what i feel....
 
If everybody think like that and wait for the line to break for going LONG then it will never break on the Upside... Then how it will be breaking..?Anything smells? Please comment. (This is not a funny statement.)

Q: Then how it will be breaking..?

Regards,
Hari.
If nobody wants to break the line, my short position will remain ok. You will also be safe in short position. One fine morning we will make a decission to buy any stock @10 paisa, @ 5 paisa, @ 1 paisa, stop loss @ 0 paisa. After completion of our buying we will draw an uptrend line till we will become rich, we will maintain that.

Fantastic. How is the dream ?
 

devangan123

Well-Known Member
If everybody think like that and wait for the line to break for going LONG then it will never break on the Upside... Then how it will be breaking..?Anything smells? Please comment. (This is not a funny statement.)

Q: Then how it will be breaking..?

Regards,
Hari.
Lol :D:D Hari this smile is for (This is not a funny statement.)

Well it is same like for every buy their must be a seller , both thinks himself more smarter than other.

Your question is like Sell on MACD bearish cross after negative divergence but if every body will sell their than who will buy. Main difference is how many watching MACD signal.

In my guess you got reply but to make it more clear. That line is visible to some traders only , for example we are seeing here because dada helped us to see these lines daily on charts but how many are able to see that line , even after seeing many ignores and pays the price.

One last line how many saw RSI above 70 in Jan 2008 in Nifty and almost every stock.


Devan
 
DilipKumar - One thing is for sure, Indian markets are not mature enough & highly manipulative to Consolidate & even if they consolidate the range will be too big for traders like us to call it consolidation...
bang on .. i agree that our markets consolidate in a wide range but iam talking about the pace of the downtrend which might slow down in the coming days and weeks and when the pace goes down we might get stuck in a wide range... iam talking about a consolidation like we had between 3800-4600..we might have a 3200-3800.
Also as we keep going lower the percentage loss might increase vis - a - vis the point loss , my anticipation was keeping in mind that also.e.g. a 3% index loss right now is 100 pts while it was 180 pts not very long ago . This factor will have a role to play in future as we buy calls and puts .... if we buy a 3100 call when the index is around 3000 then it has to travel a longer percentage distance than what it used to when it was around 4000 , 5000 or 6000.As days goes on we might buy 3250,3150 etc. call and puts.Also one might have to increase the lot size and keep controls on money management also as the index keeps travelling lower to do well or even stay in the business.
 
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learn2trade08

Guest
Dear czar and rest of the team.....

anyone taken a look at 100 m(onthly)ma's...any thoughts,perhaps we might just get to test it?
would love to see u guys discuss it.
100mma/fibs/h&s on monthly/descending triangle,things looks quite obvious?
thanks in advance
 
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