Nifty Futures Trading

[Sunil]

columbus, just confirm the NF levels u have taken to arrive at these levels:
Close=3162
Low=2993
High=3174

oz, i am getting slightly diff figures

 

[Sunil]

BTW, just wanted to highlight the author's views on how to use Camarilla LEVEL 3 figures:

"If the HIGHER H3 level is hit, you go SHORT (against the trend) in the expectation that the market is about to reverse.
Some traders recommended using the higher 'H4' level as your stoploss point, as a penetration up thru the H4 level actually shows that a major breakout may be under way.

I would recommend that you wait for price to bounce back down inside the H3 level again before entering the trade, as you will therefore be technically trading WITH the short-term trend.
A fair amount of experience is needed for this style of trading.The opposite, of course applies if the LOWER L3 level is hit first - wait for it to come back up inside the lower L3 level, then go LONG."

 

[columbus]

columbus, just confirm the NF levels u have taken to arrive at these levels:
Close=3162
Low=2993
High=3174

oz, i am getting slightly diff figures

r4,r3,r2,r1 are 3262,3212,3195,3179
s4,s3,s2,s1 are 3062,3112,3129,3145

Sorry for error.I missed the high value 3174 as I lost internet connection in fag end of trading.

 

[Sunil]

r4,r3,r2,r1 are 3262,3212,3195,3179
s4,s3,s2,s1 are 3062,3112,3129,3145

ok, so as per the author:

we go long above 3262 (R4)
we go short below 3062 (S4)

If NF goes below 3112 (S3) but not below S4 3062, and then comes up again & crosses S3, then we buy at 3112 S3

If NF goes above 3212 (R3) but not above R4 3262, and then goes down again below 3212, then we short at 3212 R3

CO-INCIDENTALLY, THIS S3 3112 IS ALSO THE "PIVOTAL" LEVEL AS PER CLASSICAL FORMULA ie 3110
ANOTHER CO-INCIDENCE IS THAT THIS 3110 WAS THE KEY LEVEL FOR TODAY TO GO LONG ON BREAK ON UPSIDE...
SO, THIS 3110 NATURALLY BECOMES THE KEY LEVEL FOR 05/11/08.

These co-incidences are not new to me, and this is the reason why i am attached to pivot levels.

 

[uasish]

Sunil,

You actually did not post those pics where it was supposed to be posted.
However at Retracements these hybernating species will once again become very active,you will have to post then,becoz expecting a trap for them in few weeks.

Asish

 

[Sunil]

Da,
I am unable to find "cute baby bulls" in cartoon/gif format...
then, i got reminded of our Panch Tarang... (here)

Sorry da, thoda confused - u wanted me to post them at chit-chat thread or at your "nifty going to bounce" thread???

 

[orderflow13]

Da,
I am unable to find "cute baby bulls" in cartoon/gif format...
then, i got reminded of our Panch Tarang... (here)

Sorry da, thoda confused - u wanted me to post them at chit-chat thread or at your "nifty going to bounce" thread???

no sunil i think asish da want u to post exactly in front of sat da's post ..lol i can see asish da in good mood. sat da find ur bear modem fast ..lol

 

[uasish]

Ahh you posted in right thread & that one is a cute Baby,i had been shown a giraffe in that Thread. .

 

[Sunil]

no sunil i think asish da want u to post exactly in front of sat da's post ..lol i can see asish da in good mood. sat da find ur bear modem fast ..lol

Ahh you posted in right thread & that one is a cute Baby,i had been shown a giraffe in that Thread.

ok, now i got it...
LOLOLOLOLOLOLOLOLOLOLOL

 

[Sunil]

BTW Da,
today's intraday chart does resemble a giraffe...
have a look: