Nifty Futures Trading

[myvineet]

sunil bhai bearish divergence in RSI too

 

[Sunil]

out another 1/4th at 3962.50..
textbook target of H&S with neck at 82

 

[renu daga]

long neg div seen in rsi/ nifty cash..in 30 min

renu

 

[Sunil]

yeh dekho:

in both 1min & 5min chart, price is making HHs but RSI is making LHs...

hidden bearish divergence as per textbook

when will it effect..?
today or tomm.

menu bhi nahin pataa...

maybe at 3100

vineet, yeh naatak to kal se hain... on higher TF charts too..
bahut test liya pateince ka...
yesterday's personal sadness will be negated if I can see around 3025 today...


anyway, cutting off emotions, trailing stop-profit still at 85+ just above the neckline

 

[myvineet]

koi baat nahin paaji, kal nahin to aaj sahi..more will join us after 3050...

 

[Sunil]

a healthy discussion about RSI with columbus during last week of November (just before my trip to nepal) brought out this topic of DIVERGENCES, and direction/interest was shown to me by learn2trade...

that changed columbus too.... now he posts only RSI chart in his EOD thread & not along with MACD..
(i m not saying RSI is better than MACD here - please no new argument)


And some people say that I take advantage of these 2000+thanks and argue with people... and create hype about myself...

this is the "respect" which i get after so many months in this forum, and which puts me off time & again...

i m not asking/demanding any respect & gratitude, but atleast don't malign my name in public for a deed which i have not done...

(very sorry - off topic.... new incident happened again last night in some other thread, and it is still buzzing in my mind)

 

[Sunil]

3074+ new trail NOW

but i m thinking of covering balance near 3050

 

[lalpar]

Sometimes RSI gives false indications.

hi columbus,,,i see RSi with value 50....lower values will have lots of ups and downs ...

 

[Sunil]

vineet, yeh naatak to kal se hain... on higher TF charts too..
bahut test liya pateince ka...
yesterday's personal sadness will be negated if I can see around 3025 today...


anyway, cutting off emotions, trailing stop-profit still at 85+ just above the neckline

nearing 3025 range...
bear trap ka badla pura hua...


jokes apart, no one to blame to for yesterday's miss of good upmove other than my eye-trading mind co-ordination...
sometimes, in many scalping/intra swing trades, the bigger picture gets blurred

 

[Sunil]

yes debdeeps, intraday LL LH is clear now in 5min charts....
and the prev LH becomes trailing stop 3065

overall, it should be fight between 3065 & 3025 now, with outer limits 3005 & 3085