Nifty Futures Trading Part 2 (Positional)

[Sunil]

http://www.traderji.com/derivatives...-part-2-positional-post244107.html#post244107
http://www.traderji.com/derivatives...-part-2-positional-post240328.html#post240328
http://www.traderji.com/derivatives...-part-2-positional-post240308.html#post240308

Satyamsit,
Please, I request you to elaborate more on this set-up... Apparently, it seems to be a combo of EW & Fib; what's surprising to me is that you are using it for intraday trading & getting fairly good results, as pointed out by Alex.
I sincerely request you to explain all about this in Asish Da's Intraday trading setups thread here, if possible, right from step one, in your free time...

 

[orderflow13]

yes satyam, i request the same.

 

[mitasatyajit]

http://www.traderji.com/derivatives...-part-2-positional-post244107.html#post244107
http://www.traderji.com/derivatives...-part-2-positional-post240328.html#post240328
http://www.traderji.com/derivatives...-part-2-positional-post240308.html#post240308

Satyamsit,
Please, I request you to elaborate more on this set-up... Apparently, it seems to be a combo of EW & Fib; what's surprising to me is that you are using it for intraday trading & getting fairly good results, as pointed out by Alex.
I sincerely request you to explain all about this in Asish Da's Intraday trading setups thread here, if possible, right from step one, in your free time...

yes satyam, i request the same.

I second it.

 

[orderflow13]

We already long in market, now impulse bar blue, weekly ribbon green, oipcr rising with 7 lk puts added in open interest, we can increase our long position.
If market remain in fevor of longs then we looking for booking profits around 3100 zone.Reason a ) p.sar 3120 b ) previously most puts written around 3100 level,that signifies the zone where bulls shaken, memories are afresh.

 

[pkamalesh]

Typically when ever a wave 4 is formed, the elliot oscillator tends to come down to zero( circled) in this case.So the highlighter shows that the 4th wave might be formed at 3150(red line). Therefore by the time the elliot oscillator tends back to zero we must have done with 3150.So for now no problems until 3150...after that the story becomes a bit daizy as the 13% wave 5 has not yet formed and also the 21% 5th wave.....so need to wait for that as well (and hope that it is the bottom)

 

[orderflow13]

VIX surprisingly up on friday !! impulse bar didnt break the low of big blue bar ( as we mentioned in last post about inside impulse bar ).But we can take solace by atleast impulse bar turn white. But we never trust white bars, as chances r 50/50
conclusion - market will remain jittery with big swings and we refraining from writing options.

 

[satyamsit]

http://www.traderji.com/derivatives...-part-2-positional-post244107.html#post244107
http://www.traderji.com/derivatives...-part-2-positional-post240328.html#post240328
http://www.traderji.com/derivatives...-part-2-positional-post240308.html#post240308

Satyamsit,
Please, I request you to elaborate more on this set-up... Apparently, it seems to be a combo of EW & Fib; what's surprising to me is that you are using it for intraday trading & getting fairly good results, as pointed out by Alex.
I sincerely request you to explain all about this in Asish Da's Intraday trading setups thread here, if possible, right from step one, in your free time...

Sir, first want to thank all of my seniors including you for considering my charts studies worth a look, especially for the seniors. Its a privilege to me that I am given such a task to perform. I do have my own style of charts reading and I try to use it in my Intra/swing trading. But as I said earlier I just consider myself a novice in the subject and I really am, so really I don't have such a proven mechanical system to trade. It'll take some time for me to develop. So while I am posting this for the traders out here I have to have a complete profile so that one who is looking at it can get a clear idea. By no mean I wanna curtail that to save my time as I always try to make my charts clearer to those whoever watching it(whatever may be the quality of that study). I'll be begging sometime to all of my seniors to make that effort meaningful, so that I can put my thoughts in a proper way and do some homeworks to make that meaningful and lucid to all of us. And that time will not cross by 3 days.
Thank you.

 

[pkamalesh]

The resistive Tl is closing the upmove at 3100 level only...

 

[satyamsit]

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

Praveen on race-pro platform u cant see candle or bar format for the tick charts, we have to shift to at least minute chats for that and so on. after opening one chart first make it minute chart and then do give ur preferred time frame. I am giving the snap below from whr u can set the parameters.

 

[pkamalesh]

I think the bulls should be safe until the 4th wave as i mentioned in the earlier chart....which would be the elliot oscillator (black graph) tending towards the zero line(red)....will update once its done...only a study guys..plzzz dont take this for granted.....