Nifty Futures Trading Part 2 (Positional)

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renu daga

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hi
to all members

well,,

just one note dada.. whene bulls attack no one can save them,,,, u know bulls hate red colours let those teddies with pants,,,eat anf grow fat
just few more months,,, APRIL 2009!!!

renu
well i saw getting new names...from LtoT
 

satyamsit

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Satyamsit,

Good discussion going on EW ,though there are many many non-believer of this methodology,i personally use few aspect of EW since long.
1 of my Intraday trader friend ,Santanu uses this in his Own way in Intraday Tick chart & trust me he makes money daily.Though he has tried to explain it to me since 2 yrs i cant understand that as he does.
Satyajit & Santanu made 1 excell sheet Long back based on some aspect of EW principle
but later on Satyajit shifted to Trend Lines.
These Fib levels do work in Intraday many a times. (as i am more of intraday type,hence time frame most of the time 1 min upwards).

Asish
In one of your post you have used a bengali word 'pet' ,which amused me.
Alex your enthusiasm is amazing.
Dada firstly i want to thank once again to all my seniors here for keeping up such great atmosphere to learn, to study and to profit through that process.All i can say is i am a novice and just trying put all thing together and for getting some understandings. Dada talking about understanding the EW , i have found its implication of fibonacci numbers are much more interesting and seeks concentration rather than its wave counting part. Specially in NIFTY future i have found it very much useful for price projecting though it works with most of the thickly traded stocks. I am not that aware about the time projection capacity of the fibonacci numbers. the only thing i am missing is, i want to post chart at trading time , but when i am trading with fibo numbers it gives much less time to take a trade and to post a chart simultaneously. I am sure u're aware of this fact as u r also interested and take helps from various components of EW. I am looking forward to learning. And this post above from u have given me immense confidence to learn. thank you and wish u a gr8 health and life..(To all of my seniors)
 

orderflow13

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By alex_laxya

1) Impulse bar turn red and p.sar shifted to short side with adx rising. All bearish. But we are not finding confirmation from indicators other than price.( o.i.,pcr..)
2)This is bit interesting .. last 2 days p.sar shifted to long side but adx helped us to avoid whipsaw and refraining from enter in to long trade, and when sar gives whipsaws? right on range bound markets.Seems like we have got one for a short period.
Very preposterous but surely indicative enough to say we may consolidate in a range.
3)O.I.PCR rising. we are looking for support in near time, few guys fondly say it back door entry by bulls!!
No need of rocket science to predict that bulls are betting on 3000 psychological level.And beers seems to respecting it.
 
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