Nifty Futures Trading

[Sunil]

new2sm should be happy...
from R1 to S1 in one wave in 1 hour

 

[Sunil]

as of now, looking at higher TF charts, more consolidation between 3200 & 3000


as at close yesterday, RSI:
5min = 78
60min = 73

I am hearing bulls calling RSI:

Rascal Stupid Idiot

!!!

rectangle BO failure covered with good breakdown returns...

5min RSI has cooled down to sub 30...
some more hourly bars reqd.

 

[Sunil]

If it closes in red, it's gonna be a bearish engulfing bar in EOD charts...
ie an outside bar, with today's high & low being key momentum levels for tomorrow

 

[kalwarik]

sirji bhi 45 min aur hain
giraff wapas hungry ho jayega

 

[Sunil]

L2T,
getting a feeling that regular divergences are more easier to trade than hidden/inverse divergences...
this is what i feel since i started studying divegences closely


what Asish Da had mentioned about RSI (9) and how to use it was also handy today...
but i observed the same phenomenon with RSI (14) too...
maybe more such live experiences reqd. for more confidence

 

[myvineet]

hungry today

thirsty tommorrow....

WOW ...girraffe is obedient animal...

 

[Sunil]

As per Asish Da's RSI(9) rule, it was a long at 3070, when RSI passed its horizontal resistance at around 55

 

[kalwarik]

wow what a move

 

[kalwarik]

today giraff wil become camel

 

[Sunil]

oh boy...

after a long time, seeing this "to hell & back" move...
!!!

i did not participate in this upmove...
koi baat nahin...
was a good learning experience for RSI regular divergences...
thanks again to Asish Da & L2T