Nifty Futures Trading

[columbus]

Yesterday we worked on LH LL situation & where ready with Shorts at Resistance.

To-day around 11.00 we decided to fig. out the Trend strenght of the Upsurge ,
by watching the Retracement of the Rise from 3450 (it went upto 3489.70) ,then in retracement when it breached the earlier resistance of 3473 (which was then supposed to be support) & even 3460,we could fig out that the Upswing to be a Trap.

Now plz find out on both the days did'nt it gave theoratically more than 100 points profit,with only 15 points Stop.

So Price's path is to be followed,it leaves certain clues.

This happens almost everyday the Clue part i am refering not 100 points daily,Daytrading is how we dissect the information from Price.

Yeah, today situation is similar to what was yesterday.You can refer charts in thread EOD-chart.The stoploss of 15, in the initial stage is OK ,but as we progress in the day ,we need to have more room for stoploss as the nifty turns to be wild.

 

[uasish]

After 11.40 ,would the Stop be more than 15 points.

These Levels are always shared Live in this thread.

 

[uasish]

Sunil,

As you are proficient in Excell ,why don't you make 1 Master based on what Satyamist /Alex & Satyajit's discussion regarding EW projections in the Positinal Thread.
In Live Mkt we would just put the High / Low s.
Long time back Satyajit & Santanu made 1 such almost on the same thought process,you can get 1 from him by pm-ing & build upon that,if you get some time.
Do post these things 1 copy at the Library thread.

Asish

 

[uasish]

To-day in the back drop of Dow's massive decline ,ALL investor or Swing Trader is finding it really difficult to impossible to make money,even many are so rejected that they are not going to come to Mkt for some time.

In this juncture the importance of this thread on Intraday Nifty Fut has become more important ,atleast we tried to demonstrate that yes we can still make money & keep our Trading show on.

Without Intraday it would be difficult to keep our monthly expense running ,this is the time to Learn it to practise it to implement this but we cant ignore this facet in our trading life.

Atleast this gives solace to my mind.

 

[uasish]

3280.25 is 1 level i will watch & 3180.00

 

[uasish]

So now 3180.00 has become imp.

 

[uasish]

3125.35 is support now.

 

[uasish]

Now 3146.55 is support & 3185.60 resistance.

 

[uasish]

Now see what happens at 3146.55

 

[uasish]

So surpassed 3185.60 now 3224.65