Nifty Futures Trading

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Stopped out by Evening star

Lala lala any way

Yep,good day......stopped out at 4838

Saint

 

[renu daga]

Re: Time to Stick my Neck Out ,Nifty 7300

good day for metals / and pahrama stcok

renu

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

good day for metals / and pahrama stcok

renu

Great going,Renu!

Saint

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The closing of this Series is not bad in the overall (-)ve ambience.

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Yep,good day......stopped out at 4838

Saint

So far so good

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Asish,Saint,Ajax and others today when hourly candle went below 4800 i shorted nifty in hourly chart ...... but stoped out .. i shorted as dueto daily chart is in downtrend and hourly trend changed its direction inline with daily trend .........

Did i made any mistake with this logic ?

Waiting a reply
Satya

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi all

Attached pl find My today's trades.. good day today

KISS strategy , but with patterns
Also note the range of emotions I went thru-out the day..

I think most of u must be experiencing these emotions.

Not all days r good.. Some day I will post a horrible/crap day trade too.

Regards

Ajax

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Asish,Saint,Ajax and others today when hourly candle went below 4800 i shorted nifty in hourly chart ...... but stoped out .. i shorted as dueto daily chart is in downtrend and hourly trend changed its direction inline with daily trend .........

Did i made any mistake with this logic ?

Waiting a reply
Satya

Dear satya...

I have redrawn the chart as per my understanding.... and shown
entry , SL , etc .

One thing... If u are trading hrly charts then give enough time for pattern
to unfold.> In this case few more hours. Which means gives it more than a day or 2.

If ur trading horizon is only a day (Day trading), I feel looking at higher valve charts is risky. Since there is not enough time to execute ur plan. U will have to close ur trade @ end of the day whether in loss or profit.

If have a wider time frame to hold the trade, then look @ higher time frame
charts. Result will be higher profits & dont forget steeper SL
This is my point of view
Regards

Ajax

 

[amitpethkar]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi all

Attached pl find My today's trades.. good day today

KISS strategy , but with patterns
Also note the range of emotions I went thru-out the day..

I think most of u must be experiencing these emotions.

Not all days r good.. Some day I will post a horrible/crap day trade too.

Regards

Ajax

Hi Ajax,

That's really well explained and quite helpful to know the decision making process in real time.

Thanks a ton,
Amit

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi all

Attached pl find My today's trades.. good day today

KISS strategy , but with patterns
Also note the range of emotions I went thru-out the day..

I think most of u must be experiencing these emotions.

Not all days r good.. Some day I will post a horrible/crap day trade too.

Regards

Ajax

Another Educative Analysis.