Nifty Futures Trading Part 2 (Positional)

[orderflow13]

but ALEX no new lows were made by s&p you are considering new closing lows, but on candle basis no new lows were made when rsi made a higher bottom...

yes buddy new closing lows, as satyam mentioned, rsi uses closing prices in its calculation, so make rsi compatible with price data, we ought to take closing prices,else if we shift from candle chart to line chart, divergance will disappear

 

[Czar]

but I call this cheat divergence, I like only the pure ones

 

[orderflow13]

[
Open interest put call ratio gave very early the signs of reversal , but now it seems testing the buying support.
Impulse bar turn blue already,means every hourly decline should take as buying opprtunity with very tight stop losses, remember we still in downtrend in weekly,monthly chart.

Is not it prove that some one powerful known earlier that this going to happen thats why mkt bounce from 2775 to 2920 in 15 mnts And people says mkt run on its own

praveen what u saying is testing of buyers support, one of my fev. story from livermore saga.. livermore was a famous trader known for his huge position trading.WHEN HE HAS TO BUY STOCK HE USE TO PLACE SELL ORDER OF SOME FEW QUANTITY ( HIS FEW MEANS HUGE IN OUR TERM ),SO PRICES USED TO FALL, THEN IF THERE IS GENUINE GOOD NEWS ABOUT STOCK SOME ONE USE TO BUY IT SO PRICES AGAIN MOVE HIGHER. This way livermore get to know stock is good for buying, and so he enter in market with his huge positions on long side. That story was of 100 year old and still market behaves the same, which speaks volume of technical analysis.Yesterday was a classic case.
Few saying this RBI governor is very predictable then Y .Reddy .Call market was very volatile yesterday, n traders in money market were expeting rbi action, same happened today.

 

[orderflow13]

but I call this cheat divergence, I like only the pure ones

lets sasy agressive and pure divergance .. lol

 

[the tape]

Everyone enjoying saturday ?? me too ( 4 stars )

 

[dumdum20008]

Hi satyam,
which online trading platform you are using ?
it seems good in this post

http://www.traderji.com/derivatives...trading-part-2-positional-451.html#post244107

i havnt opt for one till date.

 

[dumdum20008]

The trader in me came out today...

22 trades in 5 hours and profit of 32 k....my first time ever......

great!

which tech. tools you did to do this ?

 

[satyamsit]

Hi satyam,
which online trading platform you are using ?
it seems good in this post

http://www.traderji.com/derivatives...trading-part-2-positional-451.html#post244107

i havnt opt for one till date.

Its Race-pro from religare. not bad.. can go for it.

 

[pkamalesh]

great!

which tech. tools you did to do this ?

i use both ttadvance from indiainfoline and tradetiger from sharekhan....

 

[praveen taneja]

Its Race-pro from religare. not bad.. can go for it.

I am using religare odin diet but dont know much of its functions can u tell me or someone else to how to set candles on chart n time