Nifty Futures Trading

[SavantGarde]

Re: Time to Stick my Neck Out ,Nifty 7300

Looks Like All The Bulls Are Up Early & At Their Desks..

Good Morning

All The Best To Everybody

SavantGarde

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

asish da

will the huge gap up leave something for us to go long?
just have a look at heng seng intraday.....after huge gap up they are declining [till this time ]...what are your views...

thanx

vineet

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi saint today we may breake pivot high on daily chart (SPOT) i think pivot is at 4960 corremt me if i am wrong ,

Regards
Satya

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Excellent Post,Ashish!

Gapping the wrong direction is part of trading..........I do the same as above.Have posted it many times before..........If Gap down,I sell off if the 5min bar gets violated to the down,and I short it.If Gap down,and then the 5min bar makes newer highs......then great!If Plan permits,and position size all looked into,then a great place to go long,as in add to longs....Which is what I did today.

And position sizing is key .....else great pain would be felt and that trade comes to naught.

Once again,a great post from Ashish..


Saint

Thank you very much Saint, and Ashish. I am still a beginner and this helps understanding strategy for different timeframes. I recently discovered the goldmine that you created in '06 - "teach a man to fish ..." and am also trying to apply the teachings there.

-- Milind

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

why is nobody sticking out his/her neck today!!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

why is nobody sticking out his/her neck today!!

Is there any neck yet remaining to be out!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

NF cuts the hourly low. Underlying support is at 4915. a bounce may be expected from those levels else the gap may be filled up today only.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you very much Saint, and Ashish. I am still a beginner and this helps understanding strategy for different timeframes. I recently discovered the goldmine that you created in '06 - "teach a man to fish ..." and am also trying to apply the teachings there.

-- Milind

Always a pleasure buddy!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi saint today we may breake pivot high on daily chart (SPOT) i think pivot is at 4960 corremt me if i am wrong ,

Regards
Satya

IMHO, it's at 5368 on daily.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

" What if market gaps down by 5%? The simple funda is to wait for the formation of 5 minute bar. If high of the first five minute bar is cut on the upper side, most probably gap will be filled up and one can exit with minimum losses. However, if the low is of that 5 min bar is violated, exit long and go short. One may make good his losses in the downward fall.

Hence, I would advise you to position size in such a manner that even if there is a 10% gap down, it wont kill you and will leave enough money on the table to pick up some nice entries.

Regards,
--Ashish "

Thks once again.

Always a pleasure my dear sir!