Nifty Futures Trading

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Stalking for an entry long into NF.....


Saint

Saint,

Why are you looking for a long entry?

Regards

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint

Oh then it is fine I understood
I thought u r doing a contra trend!!!! Which you do not do as u r a trend follower... and now I am your follower... Even i have stopped contra trend trading... and follow your pivot method it really works big time!!!

Thanks a lot for sharing the gyan with all the members over here...

Regards

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Todays pivot high is 5088... pivot low is 5063.10 but it was taken off now... and new pivot low of 5061 was formed... how much room should be given before decisive break? I ask this as 5063.30 was taken off

Regards

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint

........mini bias towards longs,as daily is still uptrend mode,looking for a change in trend on the hourly.

Why not ride the short down last few days...........Ah,that answer is simple.Missed it!Why not short here below pivot lows?Considering that as well...then biases get thrown out.In intraday trading,always have both options open at all times..........


Saint

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Let the inflation be anywhr... as a chart follower i think we have got nothing to do with economic data...

Regards

Even a chart reader has to be aware if an important news is due. Those numbers can move market rapidly. Inflation, interest rate decisions, company earnings announcements (if you trade stock) need to be tracked due to uncertainty they cause in the trend.

-- Milind

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Oh then it is fine I understood
I thought u r doing a contra trend!!!! Which you do not do as u r a trend follower... and now I am your follower... Even i have stopped contra trend trading... and follow your pivot method it really works big time!!!

Thanks a lot for sharing the gyan with all the members over here...

Regards

Most welcome,my friend..........

Saint

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

........mini bias towards longs,as daily is still uptrend mode,looking for a change in trend on the hourly.

Why not ride the short down last few days...........Ah,that answer is simple.Missed it!Why not short here below pivot lows?Considering that as well...then biases get thrown out.In intraday trading,always have both options open at all times..........


Saint

Well according to your teachings I have covered long below 5178(2 bar method) and I am short from tht time... and if market closes negative today then my SL for the short will be above 5118...
But I have taken wrong postion I think as Daily in in uptrend... and I thought it to be in a rally... which was cleared by jamit... in new intermediate uptrend thread... so I should square off my short postions right? or wait for the SL to be taken away!!!

Regards

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Great Saint is back in this thread .... though i m not trading intraday but a request to saint if you can post a chart at EOD with indiacion of long short on chart ..
it wil bea great ...

yes i m also looking to go long on 60 min charts


Regards
Satya

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Well according to your teachings I have covered long below 5178(2 bar method) and I am short from tht time... and if market closes negative today then my SL for the short will be above 5118...
But I have taken wrong postion I think as Daily in in uptrend... and I thought it to be in a rally... which was cleared by jamit... in new intermediate uptrend thread... so I should square off my short postions right? or wait for the SL to be taken away!!!

Regards

Let me add to this... I am not a good trader yet... Indeed not even a good learner yet... I am in my learning process.... and would always be in the learning process... So anyone please do not follow my posts and change decisions... though my Short postion is in profit till now... but tht is because of my wrong interpretion of Saints pivot method(this time "lucky" with my wrong interpretation, but "luck is the last thing" to expect in technical analysis)...

I still need the senior members guidance to become a sucessful student of the market... and would always need the guidance

Regards