Nifty Futures Trading

[knarendra]

Hai,
I need % of difference between LTP(CMP) vs Avg.price.Any broker giving just like this software. Pl.tell me.
All brokers giving LTP vs PCP.

 

[sanjugalande]

one can try this site for intraday

http://www.paliorocks.com/html/Trade.html

 

[pakatil]

Hai,
I need % of difference between LTP(CMP) vs Avg.price.Any broker giving just like this software. Pl.tell me.
All brokers giving LTP vs PCP.

If you are using TradeAnywhere terminal ( most Brokers like Religare, Angel...etc, provide ), create a formula :

AvgLevel = (LTP - WeightedAverage) / WeightedAverage.

Hv just tried it in My Religare's Racepro Terminal.

Cheers

 

[uasish]

There is something I want 2 share, its still in experimental basis so by posting this post I am hoping to read the other side of the coin, pros n cons of my experiments so plz be free to express ur opinion friends..

First its regarding option trading using pivot points and saints flow method ( strictly positional so only hourly bars no aggressive/pure stuff here) . what I am doing is writing call when sell signal triggered and at day closing I buy call of near SAR, same with puts when buy signal triggers, operative word here is buy call at DAY CLOSING TO NEGOTIATE GAP UP AGAINST WRITTEN CALL MOVES. Ex. Suppose on hourly there is pvt crack say 3100 then we write 3100 call now say market behave as per our likings n at day closing,here comes the imp part we dnt open our naked write position to the mercy of gap ups so we buy 3200 call considering we have SAR at 3160 ( including filter) if market opens in favor of our short position we kept open our 3200 call buying position as it is till new sar established well its very simple technique but putting it in words sounds bit complicated, as is the irony with all option strategies.
Objective only objective is fixing the risk and so fixing the profits, so its not exactly flow method as saint sir uses flow method for capturing big trades, here we let it go big moves when move is in line next day but.. now consider at first day we write 3100call n we brought 3200 call n next day market open gaps up but within our sar then? We sell our long call in profit n wait for market to hit our sar. If sar hit we write put as long triggered but if sar didnt trigger we kept open our written call position in free time I will post my charts n trades of 2 months to clear it more, I use to trade options using inbuilt indicator PARABOLIC SAR this is bit evolution and logical version of previous, meanwhile excuse me for bit confusing post
Regards Alex.
P.S. To cut the chase down when we deal with option writing, math says LIMITED PROFIT AND UNLIMITED LOSS, afterwards everything is ur choice.

Alex,

Wiating for your study & charts.
As now a days i am not so frequent hence kindly post a link to my mail (pm-ing you now).

Asish

 

[uasish]

I believe in more of CA (Chart Analysis) than TA (Technical Analysis)...
(i m not sure whether CA & TA can be called as same, or one is a subset of the other)

CA requires proper study & analysis of price movement (some prefer with volume too) & various chart patterns breakouts...
For me, CA can never be lagging, as price never lies. If today 2800 gave good support, it was because on its last retest, it had given very good support too & led to a rally till 3150.
But, if on Monday, it is again subject to test quickly at open, I doubt whether it would be able to hold... At best. 2790.
Saint sir's flow method uses only CA (price bar analysis)... you go short at reversal pivot bar's low's break; you go long at break of reversal pivot bar's high.
With CA, one can time his entry level & also his stop loss & target levels.
KNOW THY CHART, KNOW THY TREND, KNOW THY STOP & THUS, KNOW THY ENTRY....


TA, for me, involves technical tools like Moving averages, RSI, MACD, TRIN, slow stochastics, etc... ALL of them are lagging in nature... THERE'S NO ARGUMENT ABOUT THAT....
you cannot say for sure that as soon as RSI touches 30, one should go long WITHOUT EVEN HAVING A LOOK AT CURRENT PRICE LEVEL...
That's why, we have to wait for "cheats" / "tricks" like divergences, crossovers, etc...

Even I don't completely rely on RSI alone, unless there's known chartical RSR level nearby...
Today, for instance, at 2805 fut level when I went long, after few moments, I spotted bullish divergence in RSI chart (1min timframe).... That gave me more confidence of hitting atleast 2850, where I offloaded half of my qty.

But, the initial & bigger confidence came from knowing the value/importance of 2800, and not RSI (1min) = 30!!!

DEVOTE MORE TIME TO PRICE MOVEMENT & CHART PATTERN ANALYSIS.... rather than knowing the nitty-gritties of technical indicators, their formulae, etc...

This is my personal view & may differ with others...(though I don't know anyone who swears ONLY BY technical indicators)

Sunil,

Now after many trades,(from your initial days in this thread) the usefull ness of RSI is understood & elaborated,i could not have explained it better in those days as you have excellently explained it in this post.

Asish

Indicator can not be more dependable than Price.

 

[Sunil]

If FUT opens between 2850 & 2880, then I would look for the break of that triangle...

ACTUALLY, IF VIEWED OVERALL, IT IS MORE LIKE A PENNANT - A CONTINUATION PATTERN.
So, a pennant, in a downtrend, is more likely to break down...

Let's see how it pans out. The height & thus the potential target is worth around 50-80 points.



The current Big Boss - 2800

 

[Sunil]

Great...
Initial 50 points target of the said pennant break achieved

 

[Sunil]

Full target of that pennant achieved
sub 2780

 

[knarendra]

If you are using TradeAnywhere terminal ( most Brokers like Religare, Angel...etc, provide ), create a formula :

AvgLevel = (LTP - WeightedAverage) / WeightedAverage.

Hv just tried it in My Religare's Racepro Terminal.

Cheers

Hai,
Im using India bulls (PIB), online trading terminal. Is it possible to do this method in my system?
anybody reply pl.

 

[myvineet]

market just gone towards 2800 to give him good bye kiss after making double bottom....market normally not leaving level without do that...& give us chance to scalp more....

thanx sunil bhai for this funda...