Nifty Futures Trading

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

i am seeing a very crooked/uneven double top in 1 min. mkt could go down from here.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

though the mkt "seem" to have broken the downtrend. there is no move with conviction in either direction. another pointless day in the offing. eod cud see some action.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

though the mkt "seem" to have broken the downtrand. there is no move with conviction in either direction. another pointless day in the offing. eod cud see some action.

Trade Bullish Inv H&S BO in 5 Min Now.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

i am seeing a very crooked/uneven double top in 1 min. mkt could go down from here.

Double top is not feasible in a down trend.
Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Ajax,

Is it Bearish wolf on Nifty(Spot) 5min? I see the same pattern on Reliance as well.

-- Milind

The distance between 1-3 and 3-5 was too much to make it a bearish WW. Also, a Bearish WW must develop after an uptrend.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

Double top is not feasible in a down trend.
Regards,
--Ashish

actually it was in sideways trend then. mkt did go down after it. but as we are all noticing, there is no clearcut pattern being formed and so there is no clearcut trend. so simply playing short term trends.

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

The distance between 1-3 and 3-5 was too much to make it a bearish WW. Also, a Bearish WW must develop after an uptrend.

Thanks Ashish.

-- Milind

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

I have noticed that there are phases during a day, when futures dance around a lot, much more than underlying. That started happening since 12:25. What does it signify?

-- Milind

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

actually it was in sideways trend then. mkt did go down after it. but as we are all noticing, there is no clearcut pattern being formed and so there is no clearcut trend. so simply playing short term trends.

The trend has a meaning only with reference to a time frame. A double top can emerge on 1-min Chart if trend was up in 1-Minute perodicity even if all the higher time-frames are in downtrend. The impact of such double top will be to reverse the uptrend on 1-min chart.
Hence, there is no problem in playing the short-term trends but the reversal patterns can form only when there is a trend in place. Otherwise, the pattern should not be understood as a genuine pattern.

Regards,
--Ashish

 

[qa_y2k]

Re: Time to Stick my Neck Out ,Nifty 7300

thats a way traders tell us european markets all set to open...
cheers

I have noticed that there are phases during a day, when futures dance around a lot, much more than underlying. That started happening since 12:25. What does it signify?

-- Milind