Nifty Futures Trading

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uasish

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#2,517
#2,517
Re: Time to Stick my Neck Out ,Nifty 7300

Ajax said:
Dear uashish
This is indeed a True bullish wolfe wave set up detected realtime by yours
truly and action taken ( see earlier posts). Saint did take entry during the fast run up and profited. NF not only met target but reveres the trend also.

However, the set up drawn by u is not correct. I will do after market hrs today or tommorrow.. Also shall try to explain my understanding of psychology behind WOlfs with example...

Regards

Ajax
Click to expand...
Would await your post,hope Winston was also here now.
 
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Satyen

Well-Known Member
#2,519
#2,519
Re: Time to Stick my Neck Out ,Nifty 7300

Ajax said:
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
Click to expand...

Thank you Ajax ...

Regards
Satya
 
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