Nifty Futures Trading

[terminator_123]

only stop, vineet...
i dont use 5min chart for flow concept....

for SAR (for my flow trades), u know where....

Hi Sunil,

In your opinion where would be the best entry point for going short based on the 5 min chart ? I'm just trying to refine my entry/exit...

 

[Sunil]

Hi Sunil,

In your opinion where would be the best entry point for going short based on the 5 min chart ? I'm just trying to refine my entry/exit...

support held for long , then on its break, it gets tested as a resistance

that test of resistance should be the entry pt. for shorts...
your SL is also known and very close

this is typically called 1-2-3 pattern

 

[Sunil]

a 5th test of this 2733 band coming up!!!

 

[Sunil]

a 5th test of this 2733 band coming up!!!

it broke up atlast
now, will it act as support???
look at volumes

 

[RakeshG]

it broke up atlast
now, will it act as support???
look at volumes

not holding ..NF below it for quite some time

 

[myvineet]

2700 is giving good support this time ... giving some good move to scalps on both sides ..

 

[Sunil]

vineet, a potential double bottom now...
co-incidentally, this also needs to break 2742!!!!

 

[Sunil]

LOL
same page, vineet

 

[new2sm]

Closing Marubozu with bearish engulfing!! in 5 min. with attempts for gravestone doji. all signify one thing.

 

[myvineet]

vineet, a potential double bottom now...
co-incidentally, this also needs to break 2742!!!!

yes sunil .it very clear even on 15 min chart but don't like distance from base ..deesn't suit to my scalp level .....but i will take it on miniflow