Nifty Futures Trading Part 2 (Positional)

[uasish]

Sold 50 % @ 56.00 ,so avg holding cost = Rs 18.00 ,Day's Low of 35.55 is Stop.

 

[praveen taneja]

Sharp rise in TSQ in nifty......

 

[orderflow13]

Sharp rise in TSQ in nifty......

good goin praveen .. observe market .. keep it up

 

[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)

Todays high 3186.7 ... LL 3050 from yday... and the 38.2% of 3050-3186.70 is again coming 3135 .... watch it out closely.

 

[sahaj_ahuja]

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.

Hi SatyamSit ! sahaj here,
Good to know some one uses FIB for analysis. I beg to differ with the point of fiddeling around with figures while trading.I am sure you must be saying doing this whipe paper trade, but when you trade real time you must exacly sure what fib figure you going to multiply so you doesnt get whipsaw.I use that indicator for getting exact idea.
It will be fun and learning curve by sharing thoughts and charts with you guys.
P.S. Pleas ignore if i sound like a analyst ..lol.. and press - thanks button as Alex said if i sound like a preacher.
Sahaj

 

[praveen taneja]

Hi SatyamSit ! sahaj here,
Good to know some one uses FIB for analysis. I beg to differ with the point of fiddeling around with figures while trading.I am sure you must be saying doing this whipe paper trade, but when you trade real time you must exacly sure what fib figure you going to multiply so you doesnt get whipsaw.I use that indicator for getting exact idea.
It will be fun and learning curve by sharing thoughts and charts with you guys.
P.S. Pleas ignore if i sound like a analyst ..lol.. and press - thanks button as Alex said if i sound like a preacher.
Sahaj

Sahaj niether u are a preacher nor an analyst u r gem which Alex gave to all of us on festival season of Diwali keep it up man
U r the second sexy chart maker of traderji after alex

 

[orderflow13]

Sahaj niether u are a preacher nor an analyst u r gem which Alex gave to all of us on festival season of Diwali keep it up man
U r the second sexy chart maker of traderji after alex

thanks for keping in 1 spot .. lol .. laughin my brain out ...
chetavani.. sahaj ke chart ke chakkar main mat padna .. doob jawoge

 

[praveen taneja]

thanks for keping in 1 spot .. lol .. laughin my brain out ...
chetavani.. sahaj ke chart ke chakkar main mat padna .. doob jawoge

Sir charts means chetawani.It shows wat is happening n from that v can guess wat is going to happen

 

[moneygurukul]

Watch out for any reversal bar on 5-minute here in the range of 3200-3220 (Spot).

 

[mitasatyajit]