Nifty Futures Trading Part 2 (Positional)

[devangan123]

Hi devan,

Won't be 3 places qualify for LONGS as they pierced the Bollinger Bands?

Columbus

For Traders who knows about Bollinger bands and other setups their were many other opportunities also in above chart.

Set up which I post above is of setup when I started trading is stock market who did not even knew what is RSI ,MACD . it is for traders who does not know anything about technical analysis. And I am still trading on this set up with 10 lots of Nifty fut and thinks that I have Invested in some FD or Retirement Plan

All other opportunities has more whispaws and the one i am following is having less risky , Although it gives very less opportunities but getting better returns than MF and other retirement plans

Devan

 

[xtalk]

Will u kindly give me his telephone number (Landline / Mobile). I also want to know the bottom.

244-1139, u'll get him

 

[columbus]

Columbus

For Traders who knows about Bollinger bands and other setups their were many other opportunities also in above chart.

Set up which I post above is of setup when I started trading is stock market who did not even knew what is RSI ,MACD . it is for traders who does not know anything about technical analysis. And I am still trading on this set up with 10 lots of Nifty fut and thinks that I have Invested in some FD or Retirement Plan

All other opportunities has more whispaws and the one i am following is having less risky , Although it gives very less opportunities but getting better returns than MF and other retirement plans

Devan

Devan,

To be frank with you, even I did not know much about RSI and MACD before coming to this forum except Simple Moving Averages.

10 lots of Nifty is GREAT!!!!!!!.

As per my EOD charts ,RSI stand at 25 (in last 4 months we reached a low of 21) and MACD is at -205 (in last 6 months we reached a low of -219).

 

[Czar]

Time to Buy or bye bye :

spot on Initias, the upper trendline & 100 ma lies around 4340, so should reach 4200 atleast... though we both reach the conclusion in different ways, but still the same, now for what you are saying (bottoming scenario)the speed of this upside should be faster then the speed of decline... agree with you as usual, thanks & cheers

I feel a downside risk of jerk down is approx 300 pts but upside potential is 900 pts, so worth the risk, your views welcome... check chart below:

+ a weekly gap is there at 3771

 

[orderflow13]

devan ,
for iSAKE OF nformation, is that mean line of BB ?

 

[columbus]

Time to Buy or bye bye :



I feel a downside risk of jerk down is approx 300 pts but upside potential is 900 pts, so worth the risk, your views welcome... check chart below:

Czar,

personally I feel RSI and MACD are bottomed out to large extent (I gave the figures in my earlier posts) ,I agree with you that downside is less compared to upside movement.I feel the upside movement will come in rather CHOPPY fashion.

 

[orderflow13]

Czar,
in above chart except adx , something has to turn upward, all darn chart appear to be in love with miss Gravity!
IMHO we will start seeing bullish indicators after consolidation,one fallen from 10 th floor cant shake off and run up the stairs !

 

[Czar]

the lowest RSI weekly in the post 2000 era was in sept 2001 at 24.55, present rsi weekly is 25.75...

EDIT: colombus dint see your post above b4 this, so we were infact thinking the same....

 

[Czar]

Czar,
in above chart except adx , something has to turn upward, all darn chart appear to be in love with miss Gravity!
IMHO we will start seeing bullish indicators after consolidation,one fallen from 10 th floor cant shake off and run up the stairs !

Price is master Alex... only on 1 pull back can the indicators turn up as indicators are laggards in case of slides & hugh rallies but what we have to see is the comparison with previous slides, to get the appropriate clues... now I believe in the histo quite a bit & this is the 2nd consequtive higher low its making in weekly, so a massive rally can happen & we know how short everyone is so its a matter of time, thus a buy is warranted in my trading.... this is IMHO ofcourse... but as I have stated here & other threads I have been nibbling...

 

[Czar]

& no consolidation is not possible in this market, except if you say consolidation in a 1000 points range or something...