Nifty Futures Trading

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

What is the opinion about third touch of the lower boundry or a breakout of the channel?. (The statement that beauty lies in the eyes of beholder is the truest for a chartist.

Regards,
--Ashish

Agreed......was probably a bit premature in the entry.

Saint

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Agreed......was probably a bit premature in the entry.

Saint

I think it was pre-mature on my part to post the channel.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Longed at 5128.00 SL = 5188

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

BO. Entry- 5133 , SL-5117

Ah.....great to have company at least!

Saint and I have been talking to each other for some time now.....

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Longed at 5128.00 SL = 5188

Phew!!!Good to have you back!

Saint

[Sir,SL =5088 ,a typo error.
Asish]

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Longed at 5128.00 SL = 5188

SL = 5088 by mistake mentioned 5188.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Longed at 5128.00 SL = 5188

SL 5188???!!

Saint

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Saint,

You are an impetus to us.

Asish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Further Setup:-

A gap-down(up) day will usually reverse its course if High(Low) of an hourly bar is cut. It may happen after this hourly bar.

However, a trade based upon this pattern has its SL at the Low (High) of the Entry Bar. Trailing SL is the Low (High) of subsequent Bars.

Regards,
--Ashish

N.B. :- Needs confirmation from both Underlying & Future Chart.

Highs Exceeded by 0.95 point. Was waiting for 2 Points. Ignored for the time-being.

A second push above the High by even 1 Point will trigger entry.

Regards,
--Ashish

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

SL 5188???!!

Saint

Sorry,.....didn't notice.Corrected to 5088.

Great.

Saint