Nifty Futures Trading Part 2 (Positional)

[orderflow13]

Alex learning from you as always Now your chart below, the adx last time when it started dipping we started moving up.... so your view ?

PS: dow got kidnapped by bears again, down 223

As all know ADX is not a bearish or bullish indicator.ADX is trend indicator, if adx rising market is in trend, in this case we had adx rising so market was in down trend now adx cooling off so it means downtrend is cooling off, but it does not mean market will reverse n go up, it can be market in consolidating or some small up thrusts mode.
As czar pointed by arrow, we can see adx falling but rise is not that sharper, if we go back b4 jan 07 we can see adx rising n market going up n then hw it cooled off n we started falling n adx started rising.For me when market is in range then trend indicators dont work so it a warning sign for shifting to stochastic or something like that and get rid of parabolic sar as it start gives whipsaws

 

[orderflow13]

volatility and markets usually move in opposite directions.....

yes sir , but on major tops and bottoms its quite interesting read

 

[Czar]

got of out long while still in profits... learned lesson, when gettin good profit in longs in bear market always take it with 5 hands...

 

[dumdum20008]

got of out long while still in profits... learned lesson, when gettin good profit in longs in bear market always take it with 5 hands...

yes sir, opposite is also hold very good.
btw which rt ( i think) trading broker/feed system u use in your charting?

 

[Czar]

yes sir, opposite is also hold very good.
btw which rt ( i think) trading broker/feed system u use in your charting?

nope its a software from Reliable... Falcon

http://www.traderji.com/derivatives...trading-part-2-positional-503.html#post252043

Did'nt knew Nifty is Liar.

ya they camouflage it (nifty) sensex always breaks critical TL's b4 nifty

 

[Czar]

triangle in 15 mins, 2755 / 2720 spot...

 

[pkamalesh]

Added shorts as we broke down 2743( todays support)..will wait to see if yesterdays lows are broken to add shorts...

 

[pkamalesh]

another 10points and we can see the panic ...

 

[pkamalesh]

See the panic started..haa..bears dancing all over

 

[the tape]

short @ 2678