Nifty Futures Trading

[gvgs98]

Re: Time to Stick my Neck Out ,Nifty 7300

True, this thread is having bulls run. This is all happened because of you, you enlightened us to perspicacity.
Hope that you are not going to charge me with royalty fees.
Cheers
VG

Aw Shucks......Two massive money making days,and missed em both.....Hope you guys are laughing your way to the banks!For those who made a killing(these gap days are great opportunities!!),Great Going!!

As said,caught up in a tangle till this week's done...

Wow,this thread has added 13 pages since 2 days ago!!

Saint

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

When you have a big gap up especially afer a rally on the hourly charts......think to go short.Not bang on target everytime,but works for most!

Especially a gap up after a rally,or a gap down after a huge decline.....go the opposite way!

Saint

Thank you very much by watching how you peoples trading with pivots/ patterns increases our confidence level plz continue this thread

wil summerise the gap trading methods given by you and asish and make a note

Again one doubt if one trading pivot methods does he need to take all the trade which trigers a buy/sell ,,, some time i have seen out of 10 trade 3 may be great trading oppertunity and other 7 may be so so or hit SL but that 3 trade give good profit which also covers all the loss made by SL hit

it may be something about moey management , please throw some light


waiting a reply from you people

Regards
Satya

 

[hari09omkar]

Re: Time to Stick my Neck Out ,Nifty 7300

some time i have seen out of 10 trade 3 may be great trading oppertunity and other 7 may be so so or hit SL but that 3 trade give good profit which also covers all the loss made by SL hit

That's the reality of trend trading.But withstanding a 70% losing system is not good for traing psychology of the trader.So a suggestion from me(who wanted it?) is to have a 1:1 risk reward ratio for the first half,as the Saint's process is pretty high probability process.Means,u entered a trade,whenever getting a move of same amount of the risk(difference between stop and entery),u r out by 50% and trail the other half at the breakeven,means new stop at the entery price.
Ur wins are going to be hiked surely,so is the profitablity.

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you very much hari09omkar

i was thinking first invest low and when trend confirmed then invest more ...... but as you are saying i have to invest total at first signal(buy/sell) then book profit for half and then trail stop another half ?

again from saints trading it seems he also do the same as you are saying

Thank you once again .... yes please give suggestion as i need it /want it

Regards
Satya

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Asish,
Is it not some thing.........faltub written.......??

No new discovery that.....probably has been around as long as intraday trading itself........

Saint

 

[hari09omkar]

Re: Time to Stick my Neck Out ,Nifty 7300

i was thinking first invest low and when trend confirmed then invest more ...... but as you are saying i have to invest total at first signal(buy/sell) then book profit for half and then trail stop another half ?

Yes,u r pretty right.What u thought of,is called 'scaling in',and it's very good......good going Satya.

 

[Saint]

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

As always so very well explained.......Thanx !

Saint

 

[biyasc]

Re: Time to Stick my Neck Out ,Nifty 7300

Yikes,Biyasc,never said that!

Don't know if Ashish was teaching something .......but not me...


Hmmmm......looks like gotta go through everything again.


Saint

hi saint, thanks for reminding me.

actually i am not interested about these kind of real time technical analysis. i just wanted to know whatever i thought from your/asish;s posts, but my thought was wrong.

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

When you have a big gap up especially afer a rally on the hourly charts......think to go short.Not bang on target everytime,but works for most!

Especially a gap up after a rally,or a gap down after a huge decline.....go the opposite way!

Saint

saint ....thanx a lot for answering me in ur busy schedule ...

regards

vineet

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

True, this thread is having bulls run. This is all happened because of you, you enlightened us to perspicacity.
Hope that you are not going to charge me with royalty fees.
Cheers
VG

lol VG...not at all.

Saint