Nifty Futures Trading

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Re: Time to Stick my Neck Out ,Nifty 7300

Thanks for pointing it out. It's violated the LS and has taken my stop out exited all the positions.
Yes .4651 is the 61.8 retracement level from todays low and high (Spot ) . It turned from there adn violated the downward trendline from 4720 at 4670 .Exited and entered long at 4671 . exited that long at 4697 . Atleast No loss for the day :)

Naresh

Edit : 4651 is also the 50% retracement level from yesterdays Low to todays high .I am really a mudhead to short just above that level :)
 
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Re: Time to Stick my Neck Out ,Nifty 7300

Yes .4651 is the 61.8 retracement level from todays low and high (Spot ) . It turned from there adn violated the downward trendline from 4720 at 4670 .Exited and entered long at 4671 . exited that long at 4697 . Atleast No loss for the day :)

Naresh
Gr88 Trade!
 
Re: Time to Stick my Neck Out ,Nifty 7300

good 40 points gain in quick time.
closing all positions.
cant take anything home

cheers

AJax
Yeah! Thanks for it. The thin lines were there on 5 min so I checked 1 minute but it did not look like flag so was thinking to discard it. Then read your message, cross checked and went long.
 
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