Nifty Futures Trading

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ok praveen so this wsa in ur mind too
so next time ,,dont pay thnks to my post,,,,and donta sk anything ,,too!!!
because czar is there and ur super duper mindtoo!!!

renu
i m sorry if i hurt u but all i wrote watever was in my mind n it was my frst n not the last mistake so pardon ok :D:D
 
C

Czar

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thnks dada

can u guide me properly,,,

and czar,,, beware many good memebrs are with me!!!SIR


renu
wel..,,, always hope ..,,,teh good are wiht yuo,,... but the best are wiht me,,..!!! :D:D:D

Praveen: et tu brutus...

Now guys Take it easy I 'm sure Asish da is going to scold us for messing his thread...
 
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uasish

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Hi Friends,

I have a small doubt hope i will get answer here. Am doing trading on nifty from quite some time and usually watch 1 min candle stick charts. I usually search for few patters like bullish engulfing blah blah blah.. some times it works some times not. I want ur inputs how can i improve my trading style depending on this. how much relable are these candlestick patterns..and which patterns should we concentrate more .. i only do intraday trading

Thanks,
Nagendra
Candle Stick is a format in which the data O H L C is displayed like Bar chart.
I always use that format becoz visualy it gives some extra information,which is so ingrained in the brain that even in high speed intraday situation once i see a Dozi at imp resistance point i will instantly Short.
A Bearish engulphing in a down trend & after 2 bars if a Hammer happens near support i will never wait but cover or if not short then initiate fresh Longs.
Candle stick is an extra bit of information,in a Lone deadly punishable battle
can i afford to miss it.
Every body has or develops his/her comfort set-ups ,some use only supp/res some Pivot R1 SI ,some Fib ,some Volume & Price etc etc.
Now when i know that Price stalls at RI S1 or at Fib then would it be prudent for me to initiate any position NEAR to those levels OR after those levels are overcomed.Like wise if we know a Rising Window or a Falling window then find that the high/low of 1st 15 mins broken would'nt then taking a position more conducive,then by Discarding Candel stick i may harm myself.
1 min is too short a time frame for Candle stick to have some visual impact.

Plz dont misread this that with Candle stick alone trading can be done,but it definitely gives some EXTRA information.
 
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