Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks for the reply. i understand that any trading strategy may work sometimes & would;nt work time to time. so why one should buy some costly charting software & spend the whole day by looking in to the screen, when a daily chart provides the same conditions.

Certainly will answer it post-market.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Ajax! Wolfe Wave may be round is the corner. Watch it out.

 

[renu daga]

Re: Time to Stick my Neck Out ,Nifty 7300

well exited in loss,,,
thogh stop loss did not hit,,,but next bar did not confrim teh reversal

renu

 

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

na leke jaa mere nifty ka janazaa ...

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The discount has decreased with Spot.

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

The discount has decreased with Spot.

whts the meaning of this worst is over because no one is shorting more now

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

One more long at 4510 with sl 4485

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Yet again reduced size because still 60min dntrend

Saint

 

[nareshch]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks for the reply. i understand that any trading strategy may work sometimes & would;nt work time to time. so why one should buy some costly charting software & spend the whole day by looking in to the screen, when a daily chart provides the same conditions.

It depends on the time frame youwant to montior , to hold . We cannot trade intraday based on EOD chart as the Pivots vary from time to time in Intra day . Some people trade with 5 min , some with 15min adn some with 30min charts . Targets , Stoploss , everything varies with time frame .Finally, the purpose of trading is to earn some money . Instad of blindly putting the bid, these tools help us in decide the trade and give some confidence while bidding .

Now a days many sites are providing free EOD charts .I think thats the reason you are againist softwares .What if those sites become paid sites ?

Naresh

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

well exited in loss,,,
thogh stop loss did not hit,,,but next bar did not confrim teh reversal

renu

That kind of hourly bar reversal has lesser probability of working out when the Daily trend is against it. We are not in the heady bull markets anymore where all such formations near support levels used to give huge profits. Such reversal patterns would work on short side very well now a days.

Regards,
--Ashish