Nifty Futures Trading Part 2 (Positional)

[learn2trade08]

sirji....
more good news looks like a inv h&s targeting 3600,2920 is the neckline on nifty ....
can anyone confirm please...

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.....

 

[satyamsit]

Hi guys , friends , seniors ... m as excited as ever b4 posting this chart also.I have just found it now, and at least my eyes cant believe it, how accurate it can be. I have drawn a downward channel on the daily chart(semi log scale) of nifty future. i took the closing chart and connected the top and then make a parallel line to that. And see how this is coming. Isn't it amazing????? One close above this lower downward line, we have to take a bullish view for intermediate term i guess. The sloping levels are pegged around 3180 and downward. Just take a look.

Now I am reposting one chart I did post earlier. The % retrace of the total down move started from 4654 from early august and the last down move from 3729, both up to the lowest point we hit at 2228. And 38.2% of 4654-2228 and 61.8% of 3729-2228 is pegged at exactly same level, that is 3158. Two fib level pointing at same level, so on this current up move this level is going to be a very crucial one, going in line with the above trend lines.

Last but not the least one simple trend line pegged at 3176 in simple and on semi-log 3242 for tomorrow and lower for following sessions. I'll be watching this on semi-log scale as we are dealing with semi-log in this post.Please take a look.

I'll be watching this 3180-3160 level with my crooked,raised eyebrows ... anybody else???

 

[pkamalesh]

me too satyam...watching the 3100-3150 zone

 

[pkamalesh]

satyam u lookin out for the 38.2 % level, now that we have crossed 23.6 level???

 

[satyamsit]

satyam u lookin out for the 38.2 % level, now that we have crossed 23.6 level???

Yes kamalesh thats rue... and 38.2 and 50 is most important to look out. and what i am trying to tell is placing ur current retracement at the same place if u draw tha last down move rt from 3729 also... u will get a level whr that 38.2 will exactly meet hence making it a gr8 point of importance.

 

[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.

me too satyam...watching the 3100-3150 zone

u guys creating so much selling pressure on 3100 zone, now i am moving my zone to 3050 .... joking
btw kammy plz dont mind buddy, but what i observing is ur drifting from one thing to another .. there r millions of indicators for benifit of software vendors.What will happen with u is those things gonna block ur view ( those things u can do after 2,3 years when u hv firm greep of indicators/methods at then u can make ur own indicator/method), to see things very clearly take 2 or 3 indicators or trend lines or ew or pivots whatever u felt comfortable but take one only and trade with it for 6 months, see everything works on difff market conditions, each has its limitations, if one didnt click then we shift to another its a gross mistake, this is trick sw vendors play, one indicator is always showing sell when others r green n market goes down then those idicator vendors scream n yell n tell ya see it works, this is the old game been played since years, just my view, i usually dont like preaching, teaching things as i myself has to learn lot u can say m sharing my stuff with u with pure interest of help.

 

[pkamalesh]

u guys creating so much selling pressure on 3100 zone, now i am moving my zone to 3050 .... joking
btw kammy plz dont mind buddy, but what i observing is ur drifting from one thing to another .. there r millions of indicators for benifit of software vendors.What will happen with u is those things gonna block ur view ( those things u can do after 2,3 years when u hv firm greep of indicators/methods at then u can make ur own indicator/method), to see things very clearly take 2 or 3 indicators or trend lines or ew or pivots whatever u felt comfortable but take one only and trade with it for 6 months, see everything works on difff market conditions, each has its limitations, if one didnt click then we shift to another its a gross mistake, this is trick sw vendors play, one indicator is always showing sell when others r green n market goes down then those idicator vendors scream n yell n tell ya see it works, this is the old game been played since years, just my view, i usually dont like preaching, teaching things as i myself has to learn lot u can say m sharing my stuff with u with pure interest of help.

Thanks alex...im a learner a will be...the thing is i want to learn the possible indicators that people use here and just wanna compare if all give the same results..thats it....i normally follow the trends using the satda tl method and just learn others systems like saints,satyams and alo learn what you also post...its just like a kid new to science lab..thats it..will keep your advise in my head alex...thanks a lot buddy

 

[orderflow13]

Thanks alex...im a learner a will be...the thing is i want to learn the possible indicators that people use here and just wanna compare if all give the same results..thats it....i normally follow the trends using the satda tl method and just learn others systems like saints,satyams and alo learn what you also post...its just like a kid new to science lab..thats it..will keep your advise in my head alex...thanks a lot buddy

thanks for taking it in right spirit, just sharing my SIR'S words...
how we behave in real life, we need to behave exactly opposite of it in market.Optimism is good in real life but lethal in stock market, in real life keeping the framed pic of ' my first billion ' in ur study is helpful, but in market we must hate money.Recall any instance n compare ..same is true when we enter in lab we observe everything and try to figure out each thing in real life its good, but in stockmarket when we enter try to avoid other things and pick one thing and run
In a seminar of mba alumni Warren Buffet was addressing the students, he said i dont work for money, i might be richest man but there is no difference in between u n me ( jokingly he added .'except i travel with my private jet ) also he mentioned i live far away from newyork bcuz i dont like the noise it diverts me.

 

[dumdum20008]

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.

satyam, is it possible in race pro, continuation of last 1-2 days charts when you trade on current day, so that all periodicity ( 1/5/15...60min) and employed tech indicators display without break and from 1st min of trading?

 

[Sunil]

satyam, is it possible in race pro, continuation of last 1-2 days charts when you trade on current day, so that all periodicity ( 1/5/15...60min) and employed tech indicators display without break and from 1st min of trading?

No....
Even i am using RACE Pro; this feature is available ONLY with sharekhan's TRADE TIGER (intraday charts upto last 5 days available)
(i m referring to only broker-provided trading+charting softwares)