Nifty Futures Trading Part 2 (Positional)

[Sunil]

Satyam why is my chart showing this way????

Satyamsit posted his chart on "semi-log" (???) scale adjusted; yours is on linear scale....

Satyajit Da, who has been a disciplined follower of Line Baba aka TLs since a long time, always has his charts on log-adjusted scale.

To know the exact effect of log & linear adjustments, just view yours & satyamsit's charts & observe the difference between nifty values on Y axis...

In Log-adjusted charts, the % difference between each level is constant
In linear scale, the numerical difference between each level is constant...

So, drawing TLs over a longer period chart frame, log adjustment is advisable as per Sat Da...

 

[Sunil]

EB (exit buy)
ES ( exit sell)

if after short, a candle generate both ES and B then Metastock dont show both signal on same candle, thats why direct buy signal after short means first ES and then B, (vice versa for in long)

Dum,
can you post such chart on hourly scale - ever tried/experimented....???

 

[pkamalesh]

Satyamsit posted his chart on "semi-log" (???) scale adjusted; yours is on linear scale....

Satyajit Da, who has been a disciplined follower of Line Baba aka TLs since a long time, always has his charts on log-adjusted scale.

To know the exact effect of log & linear adjustments, just view yours & satyamsit's charts & observe the difference between nifty values on Y axis...

In Log-adjusted charts, the % difference between each level is constant
In linear scale, the numerical difference between each level is constant...

So, drawing TLs over a longer period chart frame, log adjustment is advisable as per Sat Da...

Thanks sunil....got it now...

 

[Sunil]

Satyamsit,
r u able to login to RACE PRO today?

 

[satyamsit]

Satyamsit,
r u able to login to RACE PRO today?

no....its getting logged in .. but mkt watch not coming.

 

[satyamsit]

First one is for intra supp (plz dont misread it as a place of buying , but a mayhem after brking it, confirmation of holding the shorts). The brown line is pegged at 2885 for the last hr (taken bcoz of lowest pt) tomm, and 38.2% of 2228-3298 is pegged at 2885.so main place to look out for more unfolding mayhem is 2885, and first hr brown line is at 2920.
So main supp is at 2920 and 2885, below which satda's modem game will get extended.

Now a very interesting thing i wanna discuss, this pic had been posted for more than once inform of closing and high-low in previous occasions. on left side we last rallied from below the red tl in sept'07 and see what happed... b4 brking it we retraces exactly 38.2%. after sept'07 this time did rallied from below the red line, and see whr this 2228-3298 38.2% is pointing at ... its 2885. so below this 2885 some big big turbulence may come very easily.

First hr supp was at 2920... made high 2923... sustaining below 2885... my teeth will get bigger.

 

[Sunil]

no....its getting logged in .. but mkt watch not coming.

same here...
confirmed with one more guy in another thread...
called up helpline... wait for 15-30 mins...

this problem has come after a Loooong time....
quite irritating...
considering we had some problem yesterday too (BUT THAT ONE WAS A UNIVERSAL ONE, WITH ALL BROKERS)

 

[Sunil]

ok, seems working now....
thanks

 

[satyamsit]

first hr blue line is at 2941... so wathcing that..

 

[the tape]

Long in nifty @ 2910