Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

If spot does not break 4595 level, then it might take support at neckline of inverted H&S patterm (the resistance level of Friday) at 4550/4560 levels

 

[renu daga]

Re: Time to Stick my Neck Out ,Nifty 7300

asish da!!

just clera me something...working on 5 min chrat isnt it,,

the previous bars were showing lower lows/ lower highs,,,,,and tehn it moved to ,,, hh hl,,,but closely seen patern formation,, of cup..consolidation at that levels

renu

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

85.5 out
no position

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

I had to go but appears that it has become slightly bearish .

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

asish da!!

just clera me something...working on 5 min chrat isnt it,,

the previous bars were showing lower lows/ lower highs,,,,,and tehn it moved to ,,, hh hl,,,but closely seen patern formation,, of cup..consolidation at that levels

renu

Today's last trade was on Tick chart.

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Can you explain this with a screenshot if possible ?

Thanks

Search for the posts by AJAX on wolfe-wave, he has lot of good material. As for the one I posted about, I think it was a real one and did achieve its target.

-- Milind

 

[renu daga]

Re: Time to Stick my Neck Out ,Nifty 7300

thnks,,,,

but working on tick chart....find it very airy,,and difficult...half the time,,,stand / still

i found teh same thing which u said on 5 min,,,so wanted to clarify

renu

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

If spot does not break 4595 level, then it might take support at neckline of inverted H&S patterm (the resistance level of Friday) at 4550/4560 levels

Let's see if it can take support here... Dow Futures & European markets are not giving clear picture. They are flat-to-postive now...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Both Spot & Future need to cross 4585 for some upmove...

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

As promised on Saturday to show on Live chart a UpThurst set up & why it is the safest
place to short,probability of these trade to win is favourable.


The 1.15's bar in 1 min,look at the Vol of that bar more than avg,look at the close it is below 50 % range;
now what do we have ...........that the Upmove from 1.13's bar 2 good white candel then suddenly huge vol &
the candel failed to close above 50% range.
This is 1st Warning of upmove may fizzle out.
Then i was searching for an Upthurst Bar with LESS VOLUME & CLOSE ABOVE 50 %,it happened on 1.21's bar !!
So set up complete hence S H O R T .