Nifty Futures Trading

[segul]

Re: Time to Stick my Neck Out ,Nifty 7300

hello asish sir,

i have attached a chart which shows hourly turning points with vertical lines.I have observed that around the hour change, 10-15 mins + or -,a b/o happening on one of the side. sometimes a straight away b/o,sometimes faking out 1 or 2 times before the actual b/o happens. even today the 11 'o clock breakout was a straight one to down side and 12 'o clock one faked once to down side and then sudden move to upside(in the process of formation of PH/PL) after which the actual break down happened. i also saw most of the times u take a trade around the hour change. is there any relation to above phenomenon based on which u take your trades. if yes please let us know how to avoid or stop out early on those fakes and trail the right ones.

regards.

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

hello asish sir,

i have attached a chart which shows hourly turning points with vertical lines.I have observed that around the hour change, 10-15 mins + or -,a b/o happening on one of the side. sometimes a straight away b/o,sometimes faking out 1 or 2 times before the actual b/o happens. even today the 11 'o clock breakout was a straight one to down side and 12 'o clock one faked once to down side and then sudden move to upside(in the process of formation of PH/PL) after which the actual break down happened. i also saw most of the times u take a trade around the hour change. is there any relation to above phenomenon based on which u take your trades. if yes please let us know how to avoid or stop out early on those fakes and trail the right ones.

regards.

real good observation
yes i know some good traders forcast (very near future)with fibb extensions etc.
this is not true reactionary trading style

 

[segul]

Re: Time to Stick my Neck Out ,Nifty 7300

real good observation
yes i know some good traders forcast (very near future)with fibb extensions etc.
this is not true reactionary trading style

hi deb,

agree with u. but i observed that these hour changes act as energy points for a certain sudden move. infact even every 15 mins, 30mins acts as a turning point but 60 mins where all coincides is very powerful. found this recently,trying to convert them into trades,but stops getting hit many a times on the fake ones,hence asking asish sir's help.

regards.

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

yeah exactly
asish da can through light

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Cup with a handle or inverted H&S? TBQ/TSQ is also favorable for a rally

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

hello asish sir,

i have attached a chart which shows hourly turning points with vertical lines.I have observed that around the hour change, 10-15 mins + or -,a b/o happening on one of the side. sometimes a straight away b/o,sometimes faking out 1 or 2 times before the actual b/o happens. even today the 11 'o clock breakout was a straight one to down side and 12 'o clock one faked once to down side and then sudden move to upside(in the process of formation of PH/PL) after which the actual break down happened. i also saw most of the times u take a trade around the hour change. is there any relation to above phenomenon based on which u take your trades. if yes please let us know how to avoid or stop out early on those fakes and trail the right ones.

regards.

Maybe my trades coincided with what you are observing.All intraday chart traders look at a Higher time frame guidance,they normally trade when the current trend is in concert with the Higher time frame,simply to say they trade CT (current trend) TOWARDS the GT (greater time frame),say GT is (-)ve they trade the CT waves when it is coming down from PH.
This way the trader increases the Probability.
If it is difficult to sway in & out from an Hrly or 30 mins to 5 min or 1 min,then put a longer WMA on your 5 min chart.Here we are not trading the MA ,means when it is crossed we buy etc etc but we simply look at the SLOPE ,if the slope is decreasing than the earlier bar then (-)ve & vice versa ONLY the SLOPE no value nothing else from WMA.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

http://www.4shared .com/file/53694391/d85ab531/Nifty_Fut_with_GT_slope_for_Milind.html

1 gap only.

This one is Kolkata indicator coded in Ami by Pramod,i am still testing it.

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

mg tisco dn 11%

 

[2scared]

Re: Time to Stick my Neck Out ,Nifty 7300

mg tisco dn 11%

ask why

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

3929.85 is where it came down from & after crossing 3918.95 is the Short area ,inspite of the GT is (+)ve becoz 3929.00 is the Double Hit failure price.