Nifty Futures Trading

[aca_trader]

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

Number of times future lead the way. Also, a trapping can take place only with the movements in Futures.

 

[qa_y2k]

Re: Time to Stick my Neck Out ,Nifty 7300

dear ashish,
nice to see you around...
just entered a short @ 4773 witha stop of 4775..hoping this will change my luck
cheers

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

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

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

The pattern failed.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

dear ashish,
nice to see you around...
just entered a short @ 4773 witha stop of 4775..hoping this will change my luck
cheers

Nice to be here as well. There is no luck, only a purple patch. Sticking to the methodology is the most important at such moments.

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

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

What silliness - 20 points up and down just because they couldn't make up their minds. May be they should keep the markets open 24/7.

-- Milind

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

What silliness - 20 points up and down just because they couldn't make up their minds. May be they should keep the markets open 24/7.

-- Milind

Not silliness but expertise.

 

[qa_y2k]

Re: Time to Stick my Neck Out ,Nifty 7300

i was actually going through saints thread last night...was very particular to jot this thing which he has written about h&s and volumes(since h&s is something we often look for in the charts,i wanted to make sure i am right next time i trade in it)....if u notice the volumes actually was higher during the frmation of the head than the volumes during the formation of the left shoulder.Since you have analysed so many charts could you confirm if this could be the reason....
cheers

The pattern failed.

 

[qa_y2k]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks,exited @ 4773.

Nice to be here as well. There is no luck, only a purple patch. Sticking to the methodology is the most important at such moments.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

i was actually going through saints thread last night...was very particular to jot this thing which he has written about h&s and volumes(since h&s is something we often look for in the charts,i wanted to make sure i am right next time i trade in it)....if u notice the volumes actually was higher during the frmation of the head than the volumes during the formation of the left shoulder.Since you have analysed so many charts could you confirm if this could be the reason....
cheers

The pattern was not existing on futures chart. It was there on Spot chart for which we do not have any volume. Otherwise, you are right that the volume on head should be lower than volume on left shoulder.

BTW, it's going up again.Forced my remaining 50% positions to exit at just BEP+Brokerage. Had gone long @ 4755. #$%*@@@@

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Triangle break out in spot 5 min nifty ?