Nifty Futures Trading

[Sunil]

but czar, this is all about intraday trading...
if you realise that a particular level is acting tough resistance and formed a double top, you short with that level as stop...
if the neck of that double top breaks, you short more...

and if intraday, u see an inv H&S, wouldn't an intraday trader go long if it's neck breaks...

What's wrong with this - that's why in my prev post i had mentioned that one should decide one's Time frame for trading and whether he's for intraday/scalping or for positional trading.

And if this thread would have been only for positional trading, then i guess we never would have reached 1000+ pages.. just visit the highly respected & followed "mechanical trading" & Saint's "60 min flow" and their no. of posts; or one interesting post by satyajit da abt having to sit in one place for long time only to see his TLs....; and you will get an idea of what i am saying...

Just have one single post for entire day : the stop for this short term downtrend with LH LL formation is monday's high of 4447.... that's it

all other posts should be for intraday traders' entry & exit guidance levels... u try out such intraday trading for atleast a week and you'll realise why such chartical formations, RSR levels, etc are important for intraday trading.

(SPOT 4315 - i had clarified - was going to be my positional long entry level...., but i entered longs for intraday when inv H&S was confirmed)

 

[mitasatyajit]

Satyajit da I have made a thread http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional.html cause the reason I think Asishda does not post is because of the Khichdi we have made here, if he feels the thread is unnecessary then he can delete it... but we are missing his posts...

Ok, I am coming there. Next day onwards I shall post there.

 

[Sunil]

Satyajit da I have made a thread http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional.html cause the reason I think Asishda does not post is because of the Khichdi we have made here, if he feels the thread is unnecessary then he can delete it... but we are missing his posts...

good idea, i m for it, just for benefit of all types of traders

 

[Czar]

Sunil - you & me get it that you connect positional views to Intraday but this thread is really going positional only yours & a few of renu's & 1 or 2 guys are intraday here, I am a passive day trader...

& also remember the time b4 we all kidnapped this thread how Asishda & others were operating scalps many times a day (even u), tell me how many guys here are doing it... from learn2 / Satyajitda / lalpar / praveen / etc all are having only positions. the point of Asishda posting in this thread was how others got encouraged & learned to day trade watching him (even me), this thread has gone way off, dont you agree, its meaning is missing.

 

[rajaram.dilipkumar]

in hourly , neither in downtrend nor in uptrend
in daily , not in downtrend till we go below 4159
in weekly ,not in uptrend till we go above 4650 .... if anyone is confused , you are not alone...

 

[rajaram.dilipkumar]

Satyajit da I have made a thread http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional.html cause the reason I think Asishda does not post is because of the Khichdi we have made here, if he feels the thread is unnecessary then he can delete it... but we are missing his posts...

no czar , you have misunderstood ... asishji will let it know to everyone if he doesnt like something and even otherwise its not mandatory to post everyday right ....

 

[Sunil]

in hourly , neither in downtrend nor in uptrend
in daily , not in downtrend till we go below 4159
in weekly ,not in uptrend till we go above 4650 .... if anyone is confused , you are not alone...

a typical scenario:
intraday trader thrives on intraday gyrations, while these same gyrations confuse positional traders....
that's why, for positional trades, i prefer to stick to spot strong support & resistance levels

 

[columbus]

a typical scenario:
intraday trader thrives on intraday gyrations, while these same gyrations confuse positional traders....
that's why, for positional trades, i prefer to stick to spot strong support & resistance levels

For Positional traders gap-up/gap-downs are MAINLY bread and butter,for day traders it is mainly rallies in both ways are bread & butter.

 

[Sunil]

and czar, one last message for u for the day,

the way u have presented my all today's intraday trading posts without time & in random order, would certainly signify i m a nerd...

thanks for this....

i try to present reasons for entering/exiting intraday positions so that i can share somethings & in return, learn somethings from others...

just by posting: "longed at 55,, exit 50% at 70, trail sl 65" would not solve anyone's purpose, i wud just be adding more pressure to myself during trading time....

 

[Sunil]

and dearest satyajit da...

your hourly charts can NEVER confuse an intraday trader....
infact, postings of positional trades should not disturb any intraday trader in any way, i feel...
but yes, the reverse is true... intraday trades' posts do confuse / create noise for not-so-experienced positional traders