Nifty Futures Trading

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Sunil

Sunil

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#13,893
#13,893
tsunil4u said:
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
Click to expand...
pakatil, the reason why i told u to "experiment" with small qty in case of shorts was that the diff between L1 & L2 was of just two points... 26&28
and now, H1 was 55 and H2 was 85...
malaai maar ke, 30 pts diff

inside bars ideally target H2 / L2 (as the case maybe).. beyond that, one has to look at left side of last 1/3/5 intraday charts for further targets ie supports & resistance...

tsunil4u said:
fut 4020 - 4016 is critical support zone
Click to expand...
tsunil4u said:
rounding off, 4000 is the back of bulls, 4100 is of the bears...
let's see, who bends down today
Click to expand...
 
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