Nifty Futures Trading Part 2 (Positional)

[dumdum20008]

Hi, just playing in fibotrader with andrew's pitchfork ( Satda's avatar)
i suddenly got one of his southpole. Have a look.

(will post regularly after Happy Diwali(a)

 

[orderflow13]

Hi, just playing in fibotrader with andrew's pitchfork ( Satda's avatar)
i suddenly got one of his southpole. Have a look.

(will post regularly after Happy Diwali(a)

nice one... and ur sufix 'a' makes lot of sense .......hope all were in short n covered by nw wd hv proper 'a' less DIWALI

 

[satyamsit]

Hello everyone, At last my net conn has come again.

so Days range-2952-3136 ..above or below that breakout or breakdown (on intra-day basis)

 

[orderflow13]

White line near base indicates fib levels will repeat.If white line jumps from the base then fib. levels would not work.
Fib ratio is 1.8, that means its very near to ideal fib ratio of 2, price movements often follow fib levels.Works good for intraday also but as always in background.Prices rules in day trade.
Sahaj Ahuja

Hello everyone, At last my net conn has come again.

so Days range-2952-3136 ..above or below that breakout or breakdown (on intra-day basis)

Hi satyam
The above graph ( in red ) is of sahaj ( frnd of mine 4m pune ) he uses that indicator which shows what multiplications to use... i am still learning from u and him .... is it make sence to use diff multiplication fib no. ? ( s u using 0.236 )
p.s. i am just qsning again n again cuz i want to learn n refine ideas and second, feeling that your method makes sense and can be used for benefit of target and resistance levels to book part profits and so more trading success

 

[satyamsit]

Hi satyam
The above graph ( in red ) is of sahaj ( frnd of mine 4m pune ) he uses that indicator which shows what multiplications to use... i am still learning from u and him .... is it make sence to use diff multiplication fib no. ? ( s u using 0.236 )
p.s. i am just qsning again n again cuz i want to learn n refine ideas and second, feeling that your method makes sense and can be used for benefit of target and resistance levels to book part profits and so more trading success

Bhaiya, Just one thought... there r loads of way to look at the chart. if we can place it properly all will say the same thing(as satda said earlier). I tell u the method or style i follow. be it for fibonacci or anything. i try to look for the confirmation from other aspects when i do derive some levels or some particular patterns on the chart. i believe if one fibo level is true there will be and must be other components also which will lead it to the same direction. As in the case of fibonacci i normally use the percentage retracement or the extension (whatever the case may be) with the help of .236,.618,.382,.5,.618,1,1.618,2.618, then i try to look for trend lines or any horizontal supports or resistances which is/ are coming closest to those number, every numbers are valid unless they r proved on real time. so any level supported by other parameters will signify and hold larger importance in terms of their real time efficiency. u can very well go through any book on fibo to get a clearer idea .. but i'll suggest to play randomly with those numbers and to find out those levels by other means also. for me this is the secret of levels or any working levels. they must WORK under any circumstances. so play with those numbers as we play with MAs. it'll say everything.

 

[orderflow13]

Bhaiya, Just one thought... there r loads of way to look at the chart. if we can place it properly all will say the same thing(as satda said earlier). I tell u the method or style i follow. be it for fibonacci or anything. i try to look for the confirmation from other aspects when i do derive some levels or some particular patterns on the chart. i believe if one fibo level is true there will be and must be other components also which will lead it to the same direction. As in the case of fibonacci i normally use the percentage retracement or the extension (whatever the case may be) with the help of .236,.618,.382,.5,.618,1,1.618,2.618, then i try to look for trend lines or any horizontal supports or resistances which is/ are coming closest to those number, every numbers are valid unless they r proved on real time. so any level supported by other parameters will signify and hold larger importance in terms of their real time efficiency. u can very well go through any book on fibo to get a clearer idea .. but i'll suggest to play randomly with those numbers and to find out those levels by other means also. for me this is the secret of levels or any working levels. they must WORK under any circumstances. so play with those numbers as we play with MAs. it'll say everything.

thanks satyam ... i like the approach of making things un clutter and un complicated....

 

[pkamalesh]

alex satyam plzz yar teach me the fibo calculations and make this garib insaan learn somethin....

 

[pkamalesh]

Now the gann baba might be saying if nifty doesnt cross 3105 in the start of monday then it might test 3000 sooner in the day...if nifty has a gap up it should comfortably see an upside of 3200 if everything goes well...

 

[pkamalesh]

Cant see any reason to go long until the gann grids red trends are broken on the upper side..btw gann grids seem to work(atleast for the past 3 occasions)..Me not an expert in this but it seemed quite logical to me..What do the seniors have to say????

 

[uasish]

http://www.traderji.com/derivatives...trading-part-2-positional-382.html#post237634

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