Nifty Futures Trading

[uasish]

Sir is there any B/O the way we are rising. THe MACD is in a strong buy mode.

Cant say about MACD,a b/o is when at a known resistance point which is being tested cople of times,where the Short Stop is residing,when once crossed tends to give a sudden jump of Price,becoz of EASE of movement,becoz of lesser number of shorts at above.
Here i can say many many b/os are fake & false,we are left holding that as a fool.
To play b/o one has to intensely follow volume at b/o points & their follow up subsequently,there is the KEY of the b/o lock.Don't go by books plz go by your own interaction with Mkt.

 

[uasish]

In the 1 min chart have you seen the volume bars,the highest was at 11.36's bar when the closing of that bar was 2449.70,the next bar has an 'Inverted Hammer' with less volume,there was the KEY of this particular b/o 's Lock.

 

[Sunil]

POTENTIAL INSIDE BAR IN 60

comin up...

one helluva inside bar target...
if it achieves its target on upside, I'LL BE MOST SURPRISED & WILL GIVE A STANDING OVATION TO THIS INSIDE BAR...


reason -
just look at the upside target:
above 2462, target as per text book = 2570

 

[Sunil]

POTENTIAL INSIDE BAR IN 60

comin up...

one helluva inside bar target...
if it achieves its target on upside, I'LL BE MOST SURPRISED & WILL GIVE A STANDING OVATION TO THIS INSIDE BAR...


reason -
just look at the upside target:
above 2462, target as per text book = 2570

INSIDE BAR CONFIRMED

as per textbook,
above 2462, target = 2570
below 2356, target = 2345

 

[uasish]

Above 2462 we have 2523 - 2529 zone still bringing down Stop to 2463.05

 

[uasish]

Logging off for 1.5 Hrs ,probably 2300 wil be Whoooosh ! gone.

 

[Sunil]

INSIDE BAR CONFIRMED

as per textbook,
above 2462, target = 2570
below 2356, target = 2345

inside bar target achieved!!!



BTW, who cares - most of us were already short

 

[Sunil]

it seems like EU is closed today...

no FUT rates being updated, neither Spot rates

 

[learn2trade08]

can anyone update the circuit filter please...
thanks.

 

[new2sm]

Sunil,
Another Camarilla observation for today. We were to short from 2361 or if long from 2460, cover & short from 2361, but people who had followed that AND were of faint hearted wud have surely made loss when that Huge upmove came which moved till 2459.5 so almost 100 points notional loss(if loss not booked).
On normal days, mkts had all chances of moving further up and so 100 pts loss booking was eventual. So I think can we form a rule that when using camarilla, u should follow short below S4 only on second round? is this rule valid even on intaday of friday? I dont have intraday data for friday so can't confirm, someone please confirm. Good Trading system if this is more realistic rule to avoid whipsaws.