Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

The previous hourly bar is a re-test of triangle breakout on 60 Minute chart.
Going elow its low, price may fall further.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

The previous hourly bar is a re-test of triangle breakout on 60 Minute chart.
Going elow its low, price may fall further.

Went below it but not initiating a trade at this hour.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Shorted at 4514,sl 4530

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

covered 1/4 at 4498

Saint

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Went below it but not initiating a trade at this hour.

It's falling and I am watching
Happy that this session-break is not going to interfere from 2mrw.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

covered 2/4 at 4500

Saint

 

[robin_malihan]

Re: Time to Stick my Neck Out ,Nifty 7300

wolfe target met at 4569.
Booked longs @ 4555
Will go long above 4570

Ajax

These one min wolfe waves are not working for me

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

These one min wolfe waves are not working for me

They will work sometimes and they won't work at other times as you observed they did work yesterday evening.

We need to remember that wolfe wave is a mean-reversion concept. Hence, the chances of their success are the best when momentum has overstretched and is reducing now. Futher, if the wolfe wave pattern's trade are being resisted by longer term traders, the chances of success are lower. WW tends to work better with triple divergences.

Hence, instead of taking all ww trades appearing on 1 min chart, you may filter and trade only those patterns which are developing near to some resistence area/moving average on 5 min chart with divergences or else once WW is identifies, enter the trade only after a Pivot/TL/MA break.

Regards,
--Ashish

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Discovered a great way for bull to make money in this market....

Turned my computer monitor upside down.>>
Now down channel will appear as rising trend.
At first trade opputunity... Remember to invoke the "RED" screen first.
Take the trade..
Follow Saint's trend trading method.
Book ur profits as per ur risk appetitie buy invoking "BLUE"screen.

good money to be made......

Ajax

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Covered and reverted at 4521

Saint