Nifty Futures Trading Part 2 (Positional)

[orderflow13]

short positions carry as 3200 broke, now shifting my positional chart from daily to hourly for getting out of short positions by 1/2 , the reason to narrow the tf .. on daily market is extremely oversold and not sure if market will keep oversold as it does in trend or give vicious pullback, only to wipe profits, so taking trail stops tighter ( its 61 % pull back of last hourly bar + 15 room )
p.s. sorry today wd not able to post frequently cuz of few settlements.

 

[mitasatyajit]

NIFTY SPOT MONTHLY

 

[Czar]

short positions carry as 3200 broke, now shifting my positional chart from daily to hourly for getting out of short positions by 1/2 , the reason to narrow the tf .. on daily market is extremely oversold and not sure if market will keep oversold as it does in trend or give vicious pullback, only to wipe profits, so taking trail stops tighter ( its 61 % pull back of last hourly bar + 15 room )
p.s. sorry today wd not able to post frequently cuz of few settlements.

Also world is cracking up remember when asia was shining y'day, we have already done our 1/2 share by falling 5/6% y'day again correctly interpreting the Dow, we are Dow reading champions now a days...

 

[mitasatyajit]

 

[the tape]

we are Dow reading champions now a days...

Nasdaq too ! seems like index is smacked out of proportion definitely more to go !

 

[Czar]

& th pipe piper is back after his target on Nasdaq being almost achieved....

 

[mitasatyajit]

 

[Czar]

Alex if we dont break down the todays low we have +ve diver everywhere... a classic bottom...

 

[rishig38]

Alex if we dont break down the todays low we have +ve diver everywhere... a classic bottom...

Czar, could you explain this to us in layman terms please? I do not understand why would you consider today's low as classic bottom??

 

[mitasatyajit]