Nifty Futures Trading

[orderflow13]

sunil .. curiosity .. we actually yesterday breached the low of prev days low by few points .. so its valid inside day? or u going by visual charts ?
any back testing experience ?

 

[myvineet]

sunil ..inside bar on 60 but not much time left..

 

[Sunil]

na idhar na udhar .. market kya so gayaaa.....
feeling like i am positional trading

alex, kuch kar yaar....

a pretty average day for me....

have never been whipsawed so many times in a single trading session....

for few secs. i thought, my PC hanged....


only 2 trades went absolutely well...
& both were in relation with the 1st 5 min bar....

 

[rajaram.dilipkumar]

hey nifty come on mate u can do it in the nth attempt now

 

[Sunil]

i m surprised to see some scrips in comparison to movement in nifty....

law of averages applying after a long time

 

[orderflow13]

alex, kuch kar yaar....

a pretty average day for me....

have never been whipsawed so many times in a single trading session....

for few secs. i thought, my PC hanged....


only 2 trades went absolutely well...
& both were in relation with the 1st 5 min bar....

if situation like this i need to trade 20 second tf chart
btw.. i remember vaguely there is some rule about handle and how extended it should be, if its extended more than enough ( exct length i dnt remember ) chances r handle goin to break on down side . i guess on stockcharts.com its been stated ..

 

[Sunil]

Asish da,
are u carrying forward your NF Call & fut of yesterday...???

 

[nagendra_gb]

My god today is worst day for me did 16 trades on nifty and 8 on options.. finally ended up by deciding no trading for this expiry and wrote 2900 puts and 3600 calls and logged off..

 

[arnav_rulz]

alex, kuch kar yaar....

a pretty average day for me....

have never been whipsawed so many times in a single trading session....

for few secs. i thought, my PC hanged....


only 2 trades went absolutely well...
& both were in relation with the 1st 5 min bar....

Sunil didnt you like you that scalping thing ? or watever it is called btw 3250 and 3230 ??

Today i intraday trade after few days and earned like 50-60 points btw these levels only ... !! stop got triggered twice but as i had kept it as reverse also it didnt harm much ...


But did the biggest/stupidest mistake in the end ....

market closed and ended up with intraday Buy position.... !!
It had a stop of 3245, which it had triggered

I just forgot it was 3:30 !! i was looking for a break away :S

Now a gap down tomorrow may take away all my profit made today ...


Has this ever happnd to any1 else here ?

 

[Sunil]

frankly arnav, i m sort of a trader who wants to choose his own exit level (after initiating position)....
i m not saying i don't like to get stopped out - no one likes it - but getting stopped out & nifty ultimately going towards your target; u know how this feels...
such instances were more today for me personally - thank God, it's not loss at EOD, but it could have been better - these big moves warrant less tighter SLs & accordingly, less quantity to trade with...