Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

Shishir i guess the magical number 786 did the trick for s&p....a clear uptrend..must see if the BO of that triangle is on the up side or if the steam is lost...

 

[dumdum20008]

Hi,
As per the nature of rise shown on NF-hourly, 3220 levels may hit before re-testing of 3010 levels. Failure to this may break 3010 levels immediately and then 2910 looks weekly support. A weekly closing below 2910--hooooouuuaan to bears

 

[orderflow13]

Well this is holiday indicator.When adx is so down we hardly expect big moves in direction of one specific trend.So better take leave and enjoy the beautiful winter.Its not cuz m on leave its cuz chart says so ( if one is dedicated nifty trader ) ....

 

[orderflow13]

 

[pkamalesh]

Small query to all seniors....is there a thread that deals purely with 5 min NF pivots based on saint sirs teachings????can i post something here at the EOD????

 

[shinchan]

Small query to all seniors....is there a thread that deals purely with 5 min NF pivots based on saint sirs teachings????can i post something here at the EOD????

here is the link to a thread started by Musicjunkie. but at present it is not active.

http://www.traderji.com/day-trading-stocks/23865-trading-5min-60min-perspective.html

 

[pkamalesh]

This week was a really confusing one filled with news and speculation...no charts worked nor did any systems...an overall disgusting one for a non positional trader....Anyways not to loose hope we continue our journey hoping to bring out our resting bears again..heheheh

OK..the maroon Tl that we were talking yesterday was breached but dint close above it which obviously leaves a ray of hope..and to remember last time we fell back from these levels..so there is going to be a pause before any one jumps and buys loads...But one thing is that we are really behaving in a bizare manner not going with the world markets..May be some doubts over this rally now..is it over or will it be higher this time???God knows..for now i only have the chart to contribute..have a wonderful weekend guys...

Dude as every time..this time also excited as the levels posted earlier somewhat sustained.....got a bit of confidence now that atleast the technicals have started to work somewhat..heheheh

 

[pkamalesh]

 

[dumdum20008]

So its expiry on the way,
lets have a look at Nifty Maximum Pain which currently stands at 3000 Strike Price.
I havnt used this till date but is under observation.
looks facinating but also some harry pottoer magic typo.
Wait n watch whetter theory behind this force market makers to drift down near 3000.

For guide on Max. Pain please have a look.

http://w w w. optiontradingpedia. com/option_pain.htm

 

[orderflow13]

So its expiry on the way,
lets have a look at Nifty Maximum Pain which currently stands at 3000 Strike Price.
I havnt used this till date but is under observation.
looks facinating but also some harry pottoer magic typo.
Wait n watch whetter theory behind this force market makers to drift down near 3000.

For guide on Max. Pain please have a look.

http://w w w. optiontradingpedia. com/option_pain.htm

hey nice link dumdum, btw calculator at optionpain.com isnt working, how u got the above chart ? i mean which software ? n which data you feed ?