Nifty Futures Trading Part 2 (Positional)

[dumdum20008]

Great work dum dum...plzz keep us updated with the results and modifications...will keep a track as i use MS too...cheerz (yaar dont kill me by mentioning the JUNK yaar..plzzzzzzz)

sorry kamlesh, its not serious at all.

 

[pkamalesh]

sorry kamlesh, its not serious at all.

arey i was kiddin...now u dont become serious...hahahahah...chill yaaar...even if i say somethin seriously..dont take it that way...heheeh

BTW plzzz explain me the concept of urs and also abt those graphs that u have posted..plzzz

 

[dumdum20008]

Dum dum....I really dint understand the interpretation of the two charts that u posted....PLzzzzz explain dude

nothing much,
both are on above system, with OPT1/OPT2 values as choosen.
Hourly chart has crossed the short alerts ( actully im calling alert because previous state was in short side, otherwise they are averages as stated) and 2 bars sustainabilty( above red average)appeared, so one can look for early long. ( you see after that NF plunged and come back, so these situations are unavoidable and one has to Exit and then reenter again, since we had got last mature signal for long)

2nd chart is for daily NF, where alerts are still to be cleared, they often act as resistance, if NF crossed and 2 bar sustained then according to refined entry rule long on daily bars.

 

[dumdum20008]

OK kamlesh here is chart of Nifty Future hourly showing its jurk to extremities. What i think of about refining entry rule that shows in it

hope it may work in future also

 

[pkamalesh]

Tried Ami for the first time...so just wanted to post one chart..

 

[pkamalesh]

I think if it can breach the 38.2% retracement at 2788 we can expect a upmove upto 61.8% which would be 2960...

 

[Czar]

Well bulls had a nice weekend dreaming about gap ups.... Wake up no gap up, Asia bit weak with worries about Citibank & GM hanging...

 

[pkamalesh]

Well bulls had a nice weekend dreaming about gap ups.... Wake up no gap up, Asia bit weak with worries about Citibank & GM hanging...

Czar sir and satda..plzzz post the yummy bear charts...

 

[Czar]

To those Bears... a gift of caution... Dow respecting it monthly TL since 1980 & monthly RSI Lower than that of the 1929 fall at 23...

A quicky update on dow, as mentioned it has reached an old trendline but on daily chart, it has broken thru a triangle & coming back to test the TL, a climb above 8700 can only save it, other wise triangle is deep of 2k points & could create havoc, as target would be 6.5k...

 

[pkamalesh]

Dont worry czar sir...those 2k points will come...for the dow and for nifty 1000 points are more than enough...we can take a holiday and come back after that