Nifty Futures Trading

[learn2trade08]

thanks trendplayer...you calling me l2d reminds me of another boarder who used to call me so...
all the best

L2D: Nice pictorial example

 

[learn2trade08]

your understanding is right friend...but one thing i noticed is divergence should not be the sole criteria for trades...tl's/chart patterns along with divergence is a lethal combination...
all the best.

What i have read long back goes as follows :

Regular Divergence:

Bearish : Price making HH & Oscillator making LH
Bullish : Price making LL & Oscillator making HL


Hidden Divergence:

Bearish : Price making LH & Oscillator making HH
Bullish : Price making HL & Oscillator making LL

Please let me know whether my understanding is right/wrong

(what a formatting i did vah vah )

 

[Sunil]

Sunil sir ,

I want to ask you that when RSI touched that upper line ( i think its overbought indicator) , then shouldnt we had shorted , ofcourse with known resistance levels

Fut 3012 was HOD of last 2 days...and proving to be quite a resistance...
since yesterday, the trades have been ranged & the band was narrowing continuously...
If there's a breakout of 3012, would u see RSI to short, or expect good momentum towards higher levels and stay in longs....forget hidden divergences - they appear with confirmation only after much time & movement

there was no known resistance above 3012, except 3050 (common sense, & purely for scalpers)
even in case of spot, the band of 2960-3000 (of two days) gives a target of 3040
3000+(3000-2960) = 3000+40 = 3040 spot (unlike yesterday, where it stopped before 3025, today it went up till 3040)...

 

[TrendPlayer]

thanks trendplayer...you calling me l2d reminds me of another boarder who used to call me so...
all the best

Learn2Trade08: I am in the habit of addressing the person when i write something.
Dont rem whether i saw L2D somewhere on this/other thread(s) or I started using on my own as it was convenient.

Sorry shd have followed what rest using!

 

[TrendPlayer]

your understanding is right friend...but one thing i noticed is divergence should not be the sole criteria for trades...tl's/chart patterns along with divergence is a lethal combination...
all the best.

Learn2Trade08: You are very right!

Even playing divergences needs lots patience

 

[coolboy007]

Fut 3012 was HOD of last 2 days...and proving to be quite a resistance...
since yesterday, the trades have been ranged & the band was narrowing continuously...
If there's a breakout of 3012, would u see RSI to short, or expect good momentum towards higher levels and stay in longs....forget hidden divergences - they appear with confirmation only after much time & movement

there was no known resistance above 3012, except 3050 (common sense, & purely for scalpers)
even in case of spot, the band of 2960-3000 (of two days) gives a target of 3040
3000+(3000-2960) = 3000+40 = 3040 spot (unlike yesterday, where it stopped before 3025, today it went up till 3040)...

But this Divergence happens only a few times , twice in 1 month , it cn be negated. Most of the times Price reacts acc to overbought or oversold indications. This was my point.
Thanks for explaining me the concept.

 

[devangan123]

My dear "friend" Columbus,



by quoting my message, if u meant I am misleading others, then it would be better I don't post anything in this thread...

If I find it "reasonable", then I might open a new intraday thread for myself....
You see, like you, I cannot open 22 threads for any vague reason or any dumb discussion.

Very rude and arrogant Reply , did not expected by you bro ,


Columbus

Friend difference is of time frame , you try to find clue out of 1 minute chart which has too much of noise , check RSI of 5 minutes , 30 minutes and 60 minutes time frame charts , i am sure then only u will love R.S. Iyer , means RSI


Devan

 

[Sunil]

devangan,
I had no idea about that, until you pointed it out to me
here

If anyone found my reply rude & arrogant, then I would like to apologise & especially to Columbus...

I am sorry


I don't like criticism without any explanation... In my earlier days in this forum, I used to see this happen with few respected, deserving senior members, and I used to feel bad.
I have never ridiculed anyone in this public forum, unless provoked...

With this 2500 "reputation points" (actually, I strongly believe that it should change to some other term, as "reputation" is different, and these points include simple Thanks for my simple posts)... these points are presenting me a in a different way... which I may not deserve...


Devangan, the number of members, publicly criticising me, is slowly increasing... and also the frequency...
I am still a relatively young student of this forum & market - never want to become/act like a guru/sir...
I have no strength left for giving explanations again & again....

Maybe, I should cut down on the activeness with which I post my views in this forum, and maintain a low profile, and don't express my views on anything new, unless asked for.

Please pardon me...

 

[devangan123]

devangan,


Devangan, the number of members, publicly criticising me, is slowly increasing... and also the frequency...

Dear

No body is criticising you , i can understand that was a very tough time , but only thing is u are not able to forget that chapter , i saw ur post for Trend player yesterday and understood that after effect of that issue is still their . forget it buddy and take things lightly .

what else i can say to u since i am far junior to you , but wish that a good analyst should have a cool mind replying to member like columbus , i have seen all his thread and even pointed out many things in his threads but his reply was never rude, infact he give thanks for pointing things out.

and many many thanks for making this thread alive once again in absence of Ashish Da



Devan

 

[learn2trade08]

dear friend,
it just reminded me of a friend and honestly it means nothing to me...you can call me anything which is convinient to you...

Learn2Trade08: I am in the habit of addressing the person when i write something.
Dont rem whether i saw L2D somewhere on this/other thread(s) or I started using on my own as it was convenient.

Sorry shd have followed what rest using!