Nifty Futures Trading

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello, u are absolutely correct!!! It so happened I exited my trade of short yesterday before the indicator told me to and there after I was out for almost 50/60 points without getting a reentry. I approached rkkarnani in the night, he was kind enough to chat with me for over 40 minutes. Apert from the reprimends he advised me try out something to get an early entry in case of early exit.... he gave me the formula to draw a line between the hi and low band, its waht he calls an average band. He said this may be used fot reentry only if a bar is totally away from the band, the bar's hi lo are not at all in contact with the band, after such scenario if a bar closes above the middle band (in case of getting a short trade, as was the case today) go short below the bar closing below the middle band. Today the 10.20 bar closed above the middle band and and 10.30 bar just managed to close below the middle band, I went short below the low minus filter of this bar.
I am sorry , got up late and did not have time to post this info.... Thanks for pointing it out.
Regards
-Gautam
ps.: Your commentshave always helped in either revising my lessons or rechecking my trades for errors. Thanks !!!!!

new concept .....i thought u short at low of first 5 min bar .. i short at same level on that logic.. ....that is saint's formula

 

[lvgandhi]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello, u are absolutely correct!!! It so happened I exited my trade of short yesterday before the indicator told me to and there after I was out for almost 50/60 points without getting a reentry. I approached rkkarnani in the night, he was kind enough to chat with me for over 40 minutes. Apert from the reprimends he advised me try out something to get an early entry in case of early exit.... he gave me the formula to draw a line between the hi and low band, its waht he calls an average band. He said this may be used fot reentry only if a bar is totally away from the band, the bar's hi lo are not at all in contact with the band, after such scenario if a bar closes above the middle band (in case of getting a short trade, as was the case today) go short below the bar closing below the middle band. Today the 10.20 bar closed above the middle band and and 10.30 bar just managed to close below the middle band, I went short below the low minus filter of this bar.
I am sorry , got up late and did not have time to post this info.... Thanks for pointing it out.
Regards
-Gautam
ps.: Your commentshave always helped in either revising my lessons or rechecking my trades for errors. Thanks !!!!!

most welcome. I am reassuring myself after getting replies from you.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

If it can trade above 4660.00 for 10 mins,then temporary change of Sentiment to (+)ve bias.

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

SL now 4640.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

new concept .....i thought u short at low of first 5 min bar .. i short at same level on that logic.. ....that is saint's formula

Its not always true, becoz the Short trade was continuing from previous day,hence needed it to either stop and reverse or to reverse, then only new trade was possible.
When on any day the previous day the last trade was long and we get a lower opening then only we go short below the low of the opening bar.

I too am trying to understand pivots!!!

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Sl 4644.80

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Now for Longs the Stop would be 4649.00 & probably the Day's High can be retested,the probable Exit,if every thing goes all right can be 4698.15

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

exited 2 lots at 4467.20 SL cost

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

resistance @4681.07

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The downward bias is more,this upmoves high was 4674.90 ,now if that is taken out then the (+)ve bias will be confirmed .