Nifty Futures Trading

[Sunil]

what is happening RSI above 80, Slow stochastic touching 90 and market still going up, Can these indicators lie in unison??

try not to pick tops in case of good-ranged BOs merely by looking at indicators...
else keep a Stop of spot 2965, if u r bearish

 

[metushar]

Thankuzz....sunil, will try and be a little more patient, though I had strong belief in these indicators.....newcomer gaining experience......BLOOODY INDICATORS...

 

[learn2trade08]

the only bad thing about indicators is that,they can be in a oversold/overbought status for hours/days and on rare occasions for weeks.
all the best.

Thankuzz....sunil, will try and be a little more patient, though I had strong belief in these indicators.....newcomer gaining experience......BLOOODY INDICATORS...

 

[Sunil]

Thankuzz....sunil, will try and be a little more patient, though I had strong belief in these indicators.....newcomer gaining experience......BLOOODY INDICATORS...

Indicators only give u a hint of "likely" scenario ahead....
they are never meant to generate calls.

IT'S ALWAYS THE PRICE MOVEMENT WHICH CONFIRMS THE SIGNAL/DIRECTIONAL VIEW.

1min RSI can remain OB or OS for many minutes, 5min RSI can remain OB or OS for that many bars, and so on....

Know how to use indicators - just now, for eg., if i had missed my long from 2905 to 2930, then RSI 1min told me not go fresh long at 2930...
u can see the reason why...

there's not a well-defined method of trading indicators - only actual screen-trading experience will teach u the tricks...

 

[coolboy007]

Are Yahoo servers down today???
Am not gettin anything from them and Trading platform is not accepting my password

 

[learn2trade08]

lol same thing at my end too....
no trades yet.

Are Yahoo servers down today???
Am not gettin anything from them and Trading platform is not accepting my password

 

[Sunil]

Are Yahoo servers down today???
Am not gettin anything from them and Trading platform is not accepting my password

YUP,
missing my SCO & red+green EMAs

 

[tinchu76]

Sunil even divergence not doing well ?

 

[Sunil]

Sunil even divergence not doing well ?

as mentioned before, for me only regular bullish divergence seems to work with quick & efective results...
all other kinds are lagging....

 

[Sunil]

i smell inv H&S...
will have to observe Right shoulder