Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop Hit. A gain of 16 points.

Avg 13 points gain.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

A possiblity of going below 4400 to-morrow if it can not cross 4487.25 at closing.

Closed @ 4486.90

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

lets see the figures post adjustment. Saint how do we handle days when the High and low pivots get broken one after the other in a row i.e Previous High gets broken then in the next down wave Previous low pivot gets broken and then back up even higher...?

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

lets see the figures post adjustment. Saint how do we handle days when the High and low pivots get broken one after the other in a row i.e Previous High gets broken then in the next down wave Previous low pivot gets broken and then back up even higher...?

If you had traded each and every move today,you probably might have lost money than you made(commissions et al).........basically there was a dntrend on the 5,a gap down and multiple candles down,therefore capitalised on the ensuing rally that took place,and then stayed out.

Don't try to use pivots and flow both directions in intraday......sometimes works,but most of the time broker laughs all the way to the bank!

I basically use background chart,the 60min........we have a rally in the dntrend in the 60,meaning in intraday looking to go long........till that rally on the 60 ends.Pivots cracked on the 5,nothing evident on the 60 .....therefore staying out of shorts till 60 dictates a reversal back to the down.Then V shaped up and then Vshaped down and then V shaped up..........preferred to move on to Sesa Goa and make some over there.

Saint

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

hmmm thanks Saint. I do try to observe 60 min also. But because of its slowness, just use it as a confirmation of the current move/position I have taken. I prefer to use 1/5/10/15 min. In such mkts I have noticed that the entry becomes very critical since otherwise the SL will be very deep and end up with losses but yes you are right, following Pivots in todays mkt religiously wud have put me in losses except the broker

 

[nitinku5021a]

Re: Time to Stick my Neck Out ,Nifty 7300

If you had traded each and every move today,you probably might have lost money than you made(commissions et al).........basically there was a dntrend on the 5,a gap down and multiple candles down,therefore capitalised on the ensuing rally that took place,and then stayed out.

Don't try to use pivots and flow both directions in intraday......sometimes works,but most of the time broker laughs all the way to the bank!

I basically use background chart,the 60min........we have a rally in the dntrend in the 60,meaning in intraday looking to go long........till that rally on the 60 ends.Pivots cracked on the 5,nothing evident on the 60 .....therefore staying out of shorts till 60 dictates a reversal back to the down.Then V shaped up and then Vshaped down and then V shaped up..........preferred to move on to Sesa Goa and make some over there.

Saint

Thanks saint for this.. I had tested this method for last 2 years data and the finding was the same as u have mentioned here. I am currently trading with pivot thing with EMA (C,12) at 1 min.. though its not so profitable but kinda satisfied with the performance.

Nitin

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Trades today as per Kolkata Meet Indicator :
I am giving the reversal levels as per indicator and not my trades, where i exit at small profits at intervals and trail my SL to cost after first exit at 12 points profit!!! THe figures in brackets are the HIGH or LOW after taking a position) The three trades in Red were loss making but in 2 of these my first tgt was met and I exited at cost!!!


Short 4476.80 (4397)
Long 4415.20 (4456.10)

Short 4441.80(4428)

Long 4460.20 (4478.80)

Short 4460.80 (4453)

Long 4463.20 (4478)
Short 4472.80 (4436)
Long 4454.20 (4499)
Short 4469.80 (4426)
Long 4465 (4493) Close 4485 (I did not trade this as it was after 3.00PM) but was a valid signal in the Kol. Indicator


Have promoted my self to 5 lots!!! Exiting 2 lots at 12 , 2 at 22 and carry 1 till SL or reversal!!!
Striving hard to carry the last lot till reversal!!!

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

sorry but but ... you need to work hard to make money in markets. laziness /spoon feeding is not the answer. please search kolkatta meet thread and read the messages, there are links posted by sunando.

sorry ...i am certainly not asking for spoon feeding .. i doesn't know the thread ..i am asking for that only ......thanx anyway

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

hmmm thanks Saint. I do try to observe 60 min also. But because of its slowness, just use it as a confirmation of the current move/position I have taken. I prefer to use 1/5/10/15 min. In such mkts I have noticed that the entry becomes very critical since otherwise the SL will be very deep and end up with losses but yes you are right, following Pivots in todays mkt religiously wud have put me in losses except the broker

yep,60min is slow.....but using it for perspective only.All else from the 5.

Saint

 

[kenneth]

Re: Time to Stick my Neck Out ,Nifty 7300

Trades today as per Kolkata Meet Indicator :
I am giving the reversal levels as per indicator and not my trades, where i exit at small profits at intervals and trail my SL to cost after first exit at 12 points profit!!! THe figures in brackets are the HIGH or LOW after taking a position) The three trades in Red were loss making but in 2 of these my first tgt was met and I exited at cost!!!


Short 4476.80 (4397)
Long 4415.20 (4456.10)

Short 4441.80(4428)

Long 4460.20 (4478.80)

Short 4460.80 (4453)

Long 4463.20 (4478)
Short 4472.80 (4436)
Long 4454.20 (4499)
Short 4469.80 (4426)
Long 4465 (4493) Close 4485 (I did not trade this as it was after 3.00PM) but was a valid signal in the Kol. Indicator


Have promoted my self to 5 lots!!! Exiting 2 lots at 12 , 2 at 22 and carry 1 till SL or reversal!!!
Striving hard to carry the last lot till reversal!!!

Hi GKPC

Could you please confirm Kolkata meet Indicator is the same as Asish indicator. Please refer to http://www.traderji.com/attachments...4-time-stick-my-neck-out-nifty-7300-nifty.png
the data is for Nifty not NiftyFO.

If not could you please give the link for the AFL


Thanks and Regards
ken