Nifty Futures Trading

[Sunil]

u know guys, always have this 5 day intraday chart in front of you besides today's intraday chart...
(if u dont have access to 5 day charts, visit y a h o o website)

4570 spot was a hot level to short considering the prevalent 2 day LL LH..
i missed it by few points

anyways, till LOD breaks, dont be so BEARISH...
use today's near HOD to enter shorts and LOD to enter longs... SL/risk would be less

 

[Sunil]

even though today's HH HL is broken,
the 2 day LH, LL can be broken if today's HOD is taken out...

 

[learn2trade08]

exiting at 4540........
thanks

placed a stop buy order at 4553,already have one losing trade in my kitty!!

thanks

 

[Czar]

Czar, at what level did you put in your short and what price would you cover? what is sar? is it Stop loss?

4554 & SAR is stop & reverse trade from short to long

 

[kapil123]

Czar, at what level did you put in your short and what price would you cover? what is sar? is it Stop loss?

SAR is Stop and Reverse..

Cheers,
Kapil

 

[rishig38]

4554 & SAR is stop & reverse trade from short to long

and when would you cover?

 

[Czar]

covered 4541 as the trendline seems to be holding the retest, lets see

 

[Sunil]

stop for my remaining lot of short is now 4557

 

[rishig38]

can I go short at 4545?

 

[Czar]

darn i got trigger happy...