Nifty Futures Trading

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

agree. Still US has to react to bear stearns news, yen appre. etc. on the positive side fed cut might help the relief rally to take place. Fingers crossed lets see.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks asish for the reply, now i dont have any doubt. one more question, what is the cost of buying a real time charting software?

My pleasure, Biyasc!

Esignal will cost around Rs. 5K per month.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Buy if there is a huge gap-down tomorrow. Looks very likely.

Good advice......after a down day today(1000 pts down),would be neat to get in on a long after a gap down.

Saint

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Mathematically Ajax made Double Profit than Saint.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Mathematically Ajax made Double Profit than Saint.

More than that,I guess.........out breakeven in first trade,lost 16 Rs on half positions in 2nd trade,made Rs 1 on full positions in 3rd trade.

Nuisance day!

Happens though every now and then..........but am going to do it all over again tomorrow and the next day after that.Somewhere I am going to latch on to a proper trend move.

Saint

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Mathematically Ajax made Double Profit than Saint.

It feels nice to be one up on Big Boss once in a while..

 

[rakeshluthra430]

Re: Time to Stick my Neck Out ,Nifty 7300

More than that,I guess.........out breakeven in first trade,lost 16 Rs on half positions in 2nd trade,made Rs 1 on full positions in 3rd trade.

Nuisance day!

Happens though every now and then..........but am going to do it all over again tomorrow and the next day after that.Somewhere I am going to latch on to a proper trend move.

Saint

Hi Saint,
Have a question, if you dont mind.
You had 3 Long trades today, in a day where Nifty made successively lower tops and bottoms. Agreed, may be 5-min chart/trendline break gave those trades etc. But my question is why didnt you initiate any Shorts today. (as per my understanding of charts, a trader would have initiated a Short at 12:44 pm(nifty level 4566) and at 2:26 pm (nifty 4534)).

Is it bec we feel going long is the only trade to take in a gap-dn opening? If thats the case (i) are we not getting fixated in our opinion while ignoring what charts say and (ii) Hypothetical situation-Suppose you were told that what you are trading is not Nifty but XYZ share and there is no news available on its yesterdays price move ( you are unaware of gap down), would you have traded the same way as you did today.

In case my question offended you, I apologise in advance and am very sorry. I hope to see things from your perspective and gain some knowledge so as to become as good a trader as you are.

Rakesh.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi Saint,
Have a question, if you dont mind.
You had 3 Long trades today, in a day where Nifty made successively lower tops and bottoms. Agreed, may be 5-min chart/trendline break gave those trades etc. But my question is why didnt you initiate any Shorts today. (as per my understanding of charts, a trader would have initiated a Short at 12:44 pm(nifty level 4566) and at 2:26 pm (nifty 4534)).

Is it bec we feel going long is the only trade to take in a gap-dn opening? If thats the case (i) are we not getting fixated in our opinion while ignoring what charts say and (ii) Hypothetical situation-Suppose you were told that what you are trading is not Nifty but XYZ share and there is no news available on its yesterdays price move ( you are unaware of gap down), would you have traded the same way as you did today.

In case my question offended you, I apologise in advance and am very sorry. I hope to see things from your perspective and gain some knowledge so as to become as good a trader as you are.

Rakesh.

Not at all offended,Rakesh......shall explain a bit later.If there was any sense in the move,shall explain what it was.....If it was one of those days where my brain went bonkers,shall admit to that as well.

Saint

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

Good advice......after a down day today(1000 pts down),would be neat to get in on a long after a gap down.

Saint

OMG I am holding some shorts overnight!

(And what's worse the one i bet on hasn't cracked as much as expected)

Regards,
Kalyan.

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

Commodities showing first signs of a return to rationality