Nifty Futures Trading

[praveen taneja]

Nifty 60:40 in favour of longs in this trend

 

[rinku4142]

strongly disagree with your point i am pattern trader with volume only no indicators or system etc.
i have my defined entry, stop loss & target point & success rate of 70+
I believe its more of a human element rather than system problem.

yes i agree with you:thumb: people trade their believe in market most people see what they want to see and if they believe something then they manage to find evidence to support their believes successful trading is nothing only find low risk entry with high risk to reward trades+ money management

 

[taqtrader]

yes i agree with you:thumb: people trade their believe in market most people see what they want to see and if they believe something then they manage to find evidence to support their believes successful trading is nothing only find low risk entry with high risk to reward trades+ money management

MM & RRR is everything

watch out reliance cmp 2214 can go to 2140 2110

Happy Trading
TAQ

 

[rinku4142]

bye the way nifty touched my first target 4480 and bounced back slightly with a hammer on 5min chart

 

[Sunil]

The LOC in 5min BB chart is nothing but 20period simple moving average.

After range congestion becomes apparent in 5min, along with BB contraction, this 20SMA becomes the trend-setter. Long above it - short above it.

Check out today's chart as well, to see how BB guided short trade today as well.

 

[linkon7]

strongly disagree with your point i am pattern trader with volume only no indicators or system etc.
i have my defined entry, stop loss & target point & success rate of 70+
I believe its more of a human element rather than system problem.

time frame play a big role in intraday. On a 15 min chart trades based on patterns make sense....below 5 min.... its just noise...H&S can become a inv H&S... in a few bars....

again everything depends on how u are able to read price actions.

 

[rajuwaste]

Hey guys... My 1st CA paper today.. About to leave my house in sometime..

Plz Wish Me Lots of Luck )

 

[taqtrader]

time frame play a big role in intraday. On a 15 min chart trades based on patterns make sense....below 5 min.... its just noise...H&S can become a inv H&S... in a few bars....

again everything depends on how u are able to read price actions.

i use hourly chart for overall trend & SL placement & 15-min for entry & exit

reason is simple because big fish trades off from hourly & daily chart & i want to stay as much as i can with them & it also provide me my 1:3+ Risk Reward ratio for nifty & 1:5+ for individual securities.

No holy grail simple MM & RRR .

 

[taqtrader]

tgt 1 4525 done carrying some positions for tgts 2 4500 & 3 4470 with trailing SL 4575
what is your view guys?

all tgts done now flat in nifty.

 

[linkon7]

i use hourly chart for overall trend & SL placement & 15-min for entry & exit

reason is simple because big fish trades off from hourly & daily chart & i want to stay as much as i can with them & it also provide me my 1:3+ Risk Reward ratio for nifty & 1:5+ for individual securities.

No holy grail simple MM & RRR .

on an hourly chart... patterns are like God...!

btw, try ichamuku....on a 15 min chart.... works better than patterns. it gave a sell at 4545 and gave 2 more -add positions... but not a single buy...