Nifty Futures Trading

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks Ajax! A handle will also mean INverse H&S but the time is running out for the day and taking longs home wont be a good idea at this juncture.

Regards,
--Ashish

lExactly....
learnt lessons from yesterdays calls.
Still half hour to go... Wolfes can give strong upmoves

Ajax

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Exited last trade at break even before brokerage. Not taking home anything.

 

[SavantGarde]

Re: Time to Stick my Neck Out ,Nifty 7300

Last Minute Up Move Can Be Misleading Attributing To Intraday Shorts Closing Their Positions

SavantGarde

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Last Minute Up Move Can Be Misleading Attributing To Intraday Shorts Closing Their Positions

SavantGarde

That will surely mean some profits for those who are long
Nifty OI @ days highest

Ajax

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty reluctant to move up.
OI has fallen

Exiting all longs at a huge profit of Rs 2/- per lot

Ajax

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty reluctant to move up.
OI has fallen

Exiting all longs at a huge profit of Rs 2/- per lot

Ajax

Ah,Ajax .....came out as well.But mine was huger Rs1

Saint

 

[biyasc]

Re: Time to Stick my Neck Out ,Nifty 7300

i dont know about the wolf but taken long with a stop below 4489 (cash).

exited with very minimal profit.

 

[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.

If we are trading for long term, certainly we need to check only EOD charts. For people who are not short-term swing or intraday traders, there is no need to check intraday charts. However, if our focus is to trade in short-term or if our account size is small to sustain the stop-losses on EOD charts, we need to initiate and exit positions during the course of market hour. That is why there is the need of intraday charts. EOD charts do not provide the same conditions for intraday trading. They may provide some good clue but precise points of entry and exit can be known using only intraday charts.

For example, both 15000 & 15143 were good threshold on daily chart for sensex but purchasing or selling there blindly may cause big losses hence we needed some kind of signal on lower periodicity chart to enter the trade.

Regards,
--Ashish

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Crap day......one of those days where my broker made all the money!

Ah,but there's always tomorrow.......

Saint

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Ah,Ajax .....came out as well.But mine was huger Rs1

Saint

To rub salt to your wounds... mone was after broke etc