Nifty Futures Trading
- Thread starter uasish
- Start date
- Tags nifty futures nifty intraday trading
- Status
im no more part of share market .... im part of derivatives market
renu, now that u r also interested in seeing the result of the gap theory, then we'll be doing it together here in this thread, and I guess, even u r comfortable with 10:30 am cut-off time...
in return, i hope u liked that "inside bar" (60 min chart) experiment which I put up today... it worked fine yest too..
these two scenarios - gaps & inside bars - happen nearly everyday...
i'll be testing both of them using small qty for total 10 days (2 trading weeks), and we will discuss the setup's result at EOD...
if successful, then GOD WILLING, we'll have two good strategies for intraday trades.
in return, i hope u liked that "inside bar" (60 min chart) experiment which I put up today... it worked fine yest too..
these two scenarios - gaps & inside bars - happen nearly everyday...
i'll be testing both of them using small qty for total 10 days (2 trading weeks), and we will discuss the setup's result at EOD...
if successful, then GOD WILLING, we'll have two good strategies for intraday trades.
Last edited:
recent examples of inside bars in 60 min charts...
Date - Hour Bar
11/9 - 13:00
12/9 - 11:00
15/9 - 12:00
16/9 - 13:00
all these bars were "inside bars" ie their High and Low (let's call them H1 and L1) were within the High & Low of the preceding bar(let's call them H2 & L2)...
Ideally & theoretically, when an inside bar breaks, for eg, on the upside, then above H1, H2 is generally the first target.. similiarly, if breaks down below L1, then L2 should come up...
Inside-bars works well on bigger TFs... they are actually meant for EOD charts... i thought of bringing them into our intraday trading by using the 60 min chart as perspective..
i'll be experimenting & posting such trades here...
(i'll also see the possibility of bringing down the TF to 30 min... but below that TF is really not advisable, as there are chances of whipsaws & lesser H2s or L2s
Date - Hour Bar
11/9 - 13:00
12/9 - 11:00
15/9 - 12:00
16/9 - 13:00
all these bars were "inside bars" ie their High and Low (let's call them H1 and L1) were within the High & Low of the preceding bar(let's call them H2 & L2)...
Ideally & theoretically, when an inside bar breaks, for eg, on the upside, then above H1, H2 is generally the first target.. similiarly, if breaks down below L1, then L2 should come up...
Inside-bars works well on bigger TFs... they are actually meant for EOD charts... i thought of bringing them into our intraday trading by using the 60 min chart as perspective..
i'll be experimenting & posting such trades here...
(i'll also see the possibility of bringing down the TF to 30 min... but below that TF is really not advisable, as there are chances of whipsaws & lesser H2s or L2s
results for 15/16 were excellent...
An inside bar is a bar which is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the bar immediately before it. An inside bar indicates a time of indecision or consolidation. On a smaller time frame it will look like a triangle. Inside bars often occur at tops and bottoms, in continuation flags, and at key decision points like major support/resistance levels and consolidation breakouts. They often provide a low-risk place to enter a trade or a logical exit point.
renu
An inside bar is a bar which is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the bar immediately before it. An inside bar indicates a time of indecision or consolidation. On a smaller time frame it will look like a triangle. Inside bars often occur at tops and bottoms, in continuation flags, and at key decision points like major support/resistance levels and consolidation breakouts. They often provide a low-risk place to enter a trade or a logical exit point.
renu
results for 15 & 16 were better coz the breakout resulted in more than H2 / L2....
that's why i said, having an intraday trader's mentality, our first target/part profit booking level should be H2 / L2 (as may be the case), and for balance, we should have a trailing stop or have a check on the left side of the chart
that's why i said, having an intraday trader's mentality, our first target/part profit booking level should be H2 / L2 (as may be the case), and for balance, we should have a trailing stop or have a check on the left side of the chart
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Trading Nifty Futures for intraday | Futures | 1 | |
| Y | Trading nifty futures | Members Discussion Forums | 0 | |
|
Re: Day trading Nifty & Stock Futures | General Trading & Investing Chat | 1 | |
| A | Trading Nifty futures with Alchemist | Trading Diary | 2 | |
|
Day Trading Nifty Futures only | Derivatives | 107 |
Similar threads
-
-
-
Re: Day trading Nifty & Stock Futures
- Started by Smart_trade
- Replies: 1
-
-