Nifty Futures Trading

[milind]

Possibly China may be the culprit - Hang Seng (resumed after their break) and Shanghai are hurting.

-- Milind

 

[rajaram.dilipkumar]

sunil,

i also agree with a_l on this ..... actually the 5 min tbq/tsq atleast tells us the trend for the next hour and in this thread we seldom look beyond 60 min. Is there any TBQ/TSQ % or any other study that you track to see how market behaves after the 5 min post opening bell or is it just visual TBQ/TSQs for taking trades...Combined with gaps this could be employed on trades but how to we backtest to see the results?

 

[orderflow13]

Possibly China may be the culprit - Hang Seng (resumed after their break) and Shanghai are hurting.

-- Milind

imho ... as czar also said last night, we were discounted dows move now looking for fresh cues if any

 

[Czar]

iam putting a gun on your head ... now tell me you are a bull

OK Bull is back, I admit

 

[new2sm]

aiming for 3489

 

[uasish]

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1537.html#post234831

Tested then 3629 gave resistance towards Up then made a Low of 3540.

 

[uasish]

Now 3551 / 3533 / 3512.20

 

[milind]

Look at that TBQ/TSQ 685k/1.7m! Its fallen almost 150 points from day's high, still so much of sellers. I hope much of TSQ is bogus (though doubt that, it has risen in past half hour).

-- Milind

 

[uasish]

yesssssssssssssssssss

unbelievable.... i wanted it to break on downside to be of some "use" to me
it broke on downside....
target 1 achieved....
from 3635 to 3620

This observation made Live on Mkt beforehand ,& outcome matched so
Plz again transfer this to Library Thread,any time afterwards.

 

[uasish]

well, if i see in only today's intraday chart, then a visible LL LH...

but over 2-3 days, (and as u rightly said about renu), we have to look out for the HL

in spot, this HL might come at 3536-50 belt.. or max, it may just close the gap up...
as long as we r above yest's HOD, nothing "bearish"...
i reckon, it's just RSI cooling, with some downmove or sideways move...
3650 is the border as of now between bulls & bears

We are Trading Intraday,you rightly pointed out LH LL.
Then to trade this until Reversal comes,let it come at it's own time we will know when it comes until then we are to Short this LH LL.
For Stop to be nearby we knew few levels beforehand ,after 3663 the Pull Back was to be observed wether it can take out previous High & our Level of 3590 taken out on upside but 3629.30 Held,moreover some type of Double top in 1 min chart ,which also could not be surpassed,so Short was Logical.
Took this post only to express my views on Live situations.