Nifty Futures Trading

[orderflow13]

big black candle,rsi trend line broken, alert for longs

 

[orderflow13]

sunil, ur inside bar theory apply now ? on 1 min chart ?

 

[uasish]

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1436.html#post221648

This gave us Stop & we also knew that 4188.00 was being defended by Short's.
So in 1 min chart when at 12.08's bar (closing = 4188.20) we saw a spurt volume & in subsequent next bar another follow up higher volume ;12.09's bar (closing= 4192.00) we got the inkling about Smart money's intention,so let us assume if we would have taken a Long then the Stop can come to 4187.95,(in fact that level never came in down side till now).

How to trail the Stop now ? as per Saint's methodology of HH HL our Stop would be the previous HL (in this case we have negetaed that with 4187.95,logic given) now the next probable HL is at 12.30's bar's low= 4203.50 - 7 points wiggling space= 4196.50.
Next HL is at 12.46's bar's low= 4221.15 - 7 = 4214.15 ,which eventually got executed at 1.01's bar.

So with 5 points Stop we got 22 points minimum.

 

[uasish]

Infact if we followed that methodology then we are Short now from 4213.00 with 4236.00 + 7 = 4243.05 Stop.

 

[uasish]

And subsequently the Stop should be brought down to 12.57's bars LH phenemenon,that bar's High= 4224.75 + 7= 4231.75 ,then on 1.03's bars's LH =4216.90 +7 = 4223.70,then on 1.09's bar's LH = 4210.40 + 7= 4217.40 ,which got executed now with 4.40 points Loss.

 

[uasish]

But watching 2 near low of 4185.15 with VSA's ultra high volume & 4190.00 (testing with another significant volume)would have definetely brought down Stop to 4199.05 + 7= 4206.05.

 

[uasish]

So then we are Long with Stop= 4185.15 -7 = 4178.15

 

[uasish]

Stoping this exercise,becoz NOW looking at Right side it becomes easy.

 

[Czar]

The Last post got a minus thanks

 

[orderflow13]

rsi making bearish divergence