Nifty Futures Trading Part 2 (Positional)

[learn2trade08]

me too holding 4100 ca from long time,had done a pair trade short on 4300 call...will break even at 40 lets see....
all the best!

The new born baby had grown by 200 points yesterday but my 4000 call was at 20 only...just increased 3 rs( from 17)...think it was becoz of the volumes...hope it jumps up today....

 

[praveen taneja]

I m holding 3800 call n put a bid before mkt open at 99.90 n it didnot click n odin showing h o d is 100 wat a mkt manupulation game..........

 

[Czar]

Kadam kadam badaaye jaa... one gone one more to go & 7000

 

[satyamsit]

satyamSit
how much is the success rate of EW in accordance with time frame ? in short wanna ask .. can we use it for intra day trades ?

Alex bhaiya, EW is not an essential tool for intraday trading ...but its fibonacci application. thats amazing.i cant tell u the success rate. but just for an example.
we made low 3216 (wave 1 bottom) and if u see minute chart thats day...the first high was posted was 3416 (wave 1 top). first swing 3416-3216=200. go back to the pojection chart ...we have to find the wave 3 now... 200 * 1.618 =323... wave 3 is 3416+323=3739... today high before coming down 3729. and we'll find out wave 5 now. 3729-3216=513. 513 * .618=317. so probable 5th is 3729+317=4046. its wave 5 calculation. last day chart showing "c" pat 4019.

now u 'll ask y i am calculating wave 5 projection where as i told we r in 3 wave pullback instead of 5 wave main mo movement. yes thats true, but this is also true we r in the 5 wave upmove of a lesser degree time frame . as satda said yday...sur-taal-laya. ( 3 wave projection coming at 4019, and 5 wave at 4046.
i can say whatever it is..trendline and fibonacci can create magic together. its amazing.

 

[orderflow13]

satyamsit
thanks for noticing qs. and replying .... indeed concept is interesting, i hope i quickly figure out the 5 ew waves while day rading , needs some practice ......was looking for some afl for this all night but didnt get any

 

[mitasatyajit]

we need to close above 3720 band today to take off the bears.....remember neckline around tht area for positional traders...
only senior boarders can guide us from here....

Where is ur chart. Please show the pattern in the chart.

 

[orderflow13]

nice reminder da ... lol ..... sat da means bzness guys ... take it seriously now

 

[orderflow13]

will enter long on 3737 positionally .. right now short with small quantity at 3623

 

[learn2trade08]

sat'da....
my apologies...the pattern i was refering too is from my broker sski,which i have in pdf format...can mail you if necessary.they have mentioned a neckline of 3720.

thanks

Where is ur chart. Please show the pattern in the chart.

 

[rajaram.dilipkumar]

for me , this is a reaction to the neckline from the weekly h and s crack ... now it is to be seen whether we stop at 3800 or go above it as the smart money just tries to get the bears resign their positions. Also we might reverse from here only . Whatever it is im not taking any positional bets till this pull back is over....but surely at around 3800 will take both put/call as iam sure of a 200-300 pt move in either direction . Also at that level hopefully the calls and puts will be available at reasonable prices as time to expiry gets closer.