Nifty Futures Trading

[MurAtt]

Check this chart of NS b/o IHS

http://flickr.com/photos/62527331@N00/3209471882/sizes/o/

Seniors requested to comment/correct.

Thanks

 

[rishig38]

Sunil, do you recommend keeping long positions open overnight specially since US markets are closed tonight, and Obama is supposed to take oath??

 

[Sunil]

Sunil, do you recommend keeping long positions open overnight specially since US markets are closed tonight, and Obama is supposed to take oath??

I have mentioned what i feel in my mechanical thread...
NEUTRAL

Do we really need to care whether Obama "swears" or Osama "swears"?
(I think swearing ceremony is on US's tuesday morning)

 

[kalwarik]

Do we really need to care whether Obama "swears" or Osama "swears"?
RIGHTLY SAID SUNILBHAI

 

[senty]

Check this chart of NS b/o IHS

http://flickr.com/photos/62527331@N00/3209471882/sizes/o/

Seniors requested to comment/correct.

Thanks

The 'Head' of Inv. HnS should be lower than the right and left shoulder... but thats not the case in that chart..

 

[MurAtt]

Thanks Senty.

Yes I noticed that later when the initial euphoria over the b/o had died down for me and the market coming down instead of moving up.
Still need to keep a cool head and not get exited on certain levels being broken etc.

Thanks once more.

 

[Sunil]

Thanks Senty.

Yes I noticed that later when the initial euphoria over the b/o had died down for me and the market coming down instead of moving up.
Still need to keep a cool head and not get exited on certain levels being broken etc.

Thanks once more.

I have discussed this with L2T before too...
it's very difficult for me to "judge" & trade a H&S or I_H&S pattern with a diagonal neckline. (my weakness)
I am more comfortable with the ones with horizontal neckline, like the one pointed out by New2sm today... atleast one can make out & compare the height of two shoulders to determine correctness. Also, BO level + target is also clear.
like, as new2sm pointed out,
2835+(2835-2814) = 2835 + 21 = 2856 target achieved (though the neck was tested 2-3 times after BO; this has become usual feature since last few sessions - very tight ranged trades)

 

[columbus]

I have admitted my 5year old son in this SCHOOL


I think even you should pay a visit to it.

Syllabus is good.

 

[rajuwaste]

I am trading with an online trading broker AVAFX and their experts recommend that not to keep any open position now. President of US Obama is going to take oath and will be addressing to the nation. So, cannot say what is going to be the position at that time.

Jeffsmithhhhhhhhhhhhhhhh

 

[Sunil]