Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Hope Bush's chappal does better than him from here on.

Today is the last chance in any case. A fall of 100 points on DOW and it's finished.

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

The long term supports for the Dow are all below 11k (in the 11k-10k range). 10700 - 10500 would be a good strong one. But there Financial sector is in such a mess, may take a long time to sort out.

 

[kkseal]

Re: Is it Wolfe?

Hi Folks!

Here is a broadening formation.
Can it be counted as Wolfe Wave Formation?
If yes, What is the entry criteria?

Btw Ashish, not sure why you called that a broadening formation. The lower line is not sloping downwards & the 2nd swing low is higher than the first one.

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

If the stop-loss level is too high to permit even one single contract.

thank you

Satya

 

[aca_trader]

Re: Is it Wolfe?

Btw Ashish, not sure why you called that a broadening formation. The lower line is not sloping downwards & the 2nd swing low is higher than the first one.

As the lows were almost equivalent, I assumed it to be a flat bottom. Even otherwise, the distance between the boundaries was increasing, hence I called it a broadening pattern but hesitated to use the word broadening triangle.

 

[aca_trader]

Re: Is it Wolfe?

4837 is another point to add to longs. Buy when 5-min trend reverses in the direction of 60 min trend.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

thank you

Satya

Always a pleasure my friend!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

doubtful how long the 'decoupling' will last.

Perhaps the US bogey will couple to the engine of grwoth.
http://biz.**********/ap/080311/economic_forecast.html

Replace the asteriks with the current take over target of Micro Soft.

 

[kkseal]

Re: Is it Wolfe?

As the lows were almost equivalent, I assumed it to be a flat bottom. Even otherwise, the distance between the boundaries was increasing, hence I called it a broadening pattern but hesitated to use the word broadening triangle.

Actually the only broadening pattern i knew of was the broadening triangle - pardon my ignorance.

Regards,
Kalyan.

 

[aca_trader]

Re: Is it Wolfe?

Actually the only broadening pattern i knew of was the broadening triangle - pardon my ignorance.

Regards,
Kalyan.

Whose ignorance and whose pardon Sir!

You are right about the pattern. Classically, there are only broadening triangle but then the logic is always the same.

Regards,
--Ashish