Nifty Futures Trading Part 2 (Positional)

[learn2trade08]

sir ,
this thread should be rename bear's paradise!

 

[S S]

If you go through this chart then it says that we may breach 2228 decisively downwards NO RETEST of that level,may be that may happen after few weeks.
Now you are in for an Upsurge maybe upto 3900 -4000.
These are deceiving thats why i follow only Trend ,why we are after Future predictions,the Price when reverses i will come to know within 3-4 bars after its actual reversal Bar,then will act accordingly.
These type of trying to know Future can be very academical/educative/debatefull is it good for our Trading purpose,i can become a Guru say when Nifty Fut at 4000 one fine morning i predict that it will breach 2228 & by chance it happens then i abecome a confirmed Guru.
Tell me how many of us can put a Stop 200 to 250 points away from Entry with multiple lots,becoz to play these type of Long moves you need that.
Are we going to practise in real life trading then OK plz go ahead,otherwise Learn the basics & search the usefull things of EW which we can adopt.
This is absolutely my subjective view.

Da, EW is subjective, as you have already pointed out.
But the target for the up move should be 'iv' of previous wave, that goes to 4300 region, as per the chart attached to my ealier message at -

http://www.traderji.com/derivatives/23534-food-thought-post235236.html#post235236

and again, it is subjective

 

[mitasatyajit]

U can expect it, till u r above thin blue uptrend line (support). Resistances are thick maroon downtrend lines.

 

[Czar]

we have had a new thing from past few weeks,we have been closing in red on fridays,i wont be surprised if that happened today...we have come from 2250---we need t give back a bit,dont you think?
plz suggest

thats cause we had been going up on mondays last 2 weeks...

 

[learn2trade08]

you are right czar,we went down last monday...
thanks

 

[pkamalesh]

Dudes any one uses quote tracker here for intraday???just have a doubt...

 

[mitasatyajit]

My modem is running very well. Yours ?

 

[satyamsit]

 

[Czar]

2765 (fut) should be tested once IMO / 3075 spot is downward TL

Gap update:

The 3rd gap on the downside was covered today which was at 2911 fut & 2760 is todays gap which is the 2nd gap in this uptrend...

 

[satyamsit]

high 2950

horizontal line at 2840

.618 of 110 68

2840-68 = 2772