Nifty Futures Trading

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

When it went there!!

lol ... was waiting for that level too

will buy above 4675 on spot

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi adilsaleem do u watch nifty cash intra day charts to trde in Nifty future
if so then how u doing this .... like if iwant to trade on pivots then wil watch nifty cash chart and if i get a buy signal then wil buy in future ?

Regards
Satya

 

[Cactus]

Re: Time to Stick my Neck Out ,Nifty 7300

When it went there!!

check near 12.50

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

to saint, acatrader,

what i learnt from both of you that, if the first 60 min is up then one should buy on decline rather than short, please correct me if i am wrong. now the question is at which level should i buy, is it near the days low or i will wait for a break of days low (like fading),

thanks in advance,

Hi!

Basically what we are talking about here is trend following method so there is no question of fading.

If the trend on a higher periodicity is down, then we short in the lower periodicity and if it's up, we go long. The benfits are that we are trading with the longer frame traders and hence the path is of least resistence. Besides, our stop-losses are low in value.

Now the question arises when to enter the trade. If 60 min is in uptrend then we will go long above the 5-min pivotal high and if 60-min is in downtrend then we will go short below 5-min pivotal low. The best entries will come when 5-minute changes its counter-trend direction in favour of the trend. This is a purely Saint(ly) method.

However, I personally may use such things like patterns, diveregences etc for entering the trade and sometimes I may go against the 60-min trend if there is a powerful reversal pattern on 5-Min.

Regards,
--Ashish

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stopped out Loss = 12.40 points + brokerage.

 

[biyasc]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi!

Basically what we are talking about here is trend following method so there is no question of fading.

If the trend on a higher periodicity is down, then we short in the lower periodicity and if it's up, we go long. The benfits are that we are trading with the longer frame traders and hence the path is of least resistence. Besides, our stop-losses are low in value.

Now the question arises when to enter the trade. If 60 min is in uptrend then we will go long above the 5-min pivotal high and if 60-min is in downtrend then we will go short below 5-min pivotal low. The best entries will come when 5-minute changes its counter-trend direction in favour of the trend. This is a purely Saint(ly) method.

However, I personally may use such things like patterns, diveregences etc for entering the trade and sometimes I may go against the 60-min trend if there is a powerful reversal pattern on 5-Min.

Regards,
--Ashish

thanks for the informations,

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

just look at heng seng ..-1100......OMG!!!!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

check near 12.50

Nah! It's 15-20 points away from that.

 

[Cactus]

Re: Time to Stick my Neck Out ,Nifty 7300

Ashish,
April Future 4615.15 at 12.52PM.

Nah! It's 15-20 points away from that.

 

[debdeeps]

Re: Time to Stick my Neck Out ,Nifty 7300

check near 12.50

But how come? My PIB terminal is showing NF Low as 4620. Looks like my terminal is lagging behind. by 1 hour or so....anyway waiting for 4615 level.