Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

forming LH, LL

In which Time Frame,i was refering Hrly.In all Time Frame starting from Tick to 4 Hrly( Forex Guys trade in that TF) the waves are absolutely different,hence for a successful Trading Plan we have to DETERMINE our Individual TF.
Each TF has its Risk / Reward different.
You must have observed i am more of a scalper than a Trader.
Normally for Nifty Fut we use 60 mins for guidance.

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

hi sunil,

from last 2 days there were 2 wolfe waves
1.with black trend lines was a bullish one and achieved the target
2.with blue trend lines is a bearish one yet to achieve its target

regards.

Ideally, wolfe waves require time-gap between ac and ce to be equal (referring to AJAX's pps file). In the first wave, CE was too short. But as the graph shows, it reached target!?

-- Milind

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Guys what TF you are refering from 2nd Trade today i am at 60 mins.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Brought 50 % Stop to 4240.05

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop pofit Hit Instantly before i could post.

Holding 50 % Short now ,for which stop = 4252.55

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Expecting some reaction at yesterday's closing Price

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Now watch TBQ & TSQ

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

i use the intraday ticks as TF...
but i dont follow such LH, LL strictly....

i pay more attention to levels (sup/res)

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

42.3 longed stop 32.95

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

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