Nifty Futures Trading

[debdeeps]

Re: Time to Stick my Neck Out ,Nifty 7300

Looks like a cup and handle in 5 min.

 

[tinchu76]

Re: Time to Stick my Neck Out ,Nifty 7300

Could be. But I also see a bearish wolfe on NF 5m. I think down is more likely than up at present.

-- Milind

Pls explain a bit about "bearish wolfe" (later)

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

tinchu76,

Plz go thru Saint's Thread 1st,assimilation & digestion of that is 1st & foremost,this is my suggestion to a younger brother (there are very few members above my age in this forum.).

All those Waves are in part 3 not before that.

Asish

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

tinchu76,

Plz go thru Saint's Thread 1st,assimilation & digestion of that is 1st & foremost,this is my suggestion to a younger brother (there are very few members above my age in this forum.).

All those Waves are in part 3 not before that.

Asish

Asish,chronological age is nothing in trading.........your mental age is still a very young,dynamic 35 ,my friend.Not talking abt your wisdom levels though.......In that,you are far older and wiser than your chronological age.

Saint

 

[pakatil]

Re: Time to Stick my Neck Out ,Nifty 7300

(there are very few members above my age in this forum.).
Asish

I am there Asishda. If not above, atleast around your age.

PAKatil

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Pls explain a bit about "bearish wolfe" (later)

I realized that it wasn't a valid wolfe wave. It was on NF 15m chart. Although it almost met the measurements, it didn't form high enough from base of a rally to be a valid one. In general, whenever pivot high and lows start getting mixed up, I check if it could be a wolfe-wave candidate.

Points: 3936 3858 3972 3885 3984

AB = 78
BC = 114 - okay (betwen 1.2-1.67 of AB)
CD = 87 - okay (betwenn 0.67-0.85 of BC)
DE = 99 - less (between 1.2-1.81 of CD)

My prediction of fall however did pan out eventually, going down to 3922, but it was based more on TBQ/TSQ trends.

BTW, with late action, I see that the downward trendline on NF 15m is breached.

-- Milind

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The Closing is Imp. as today being Friday & moreover in EoD on July'08 1st / 2nd / 3rd & Today the Low never breached 3810.00 in Nifty Fut.
Last 2 days above avg. Volume.
The 4 Bars are some what vice like grip ,cant go above 4079.00 & below 3810.00.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

I am there Asishda. If not above, atleast around your age.

PAKatil

Comforting to know that .

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Asish,chronological age is nothing in trading.........your mental age is still a very young,dynamic 35 ,my friend.Not talking abt your wisdom levels though.......In that,you are far older and wiser than your chronological age.

Saint

You are always generous to this Student of Your's.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Not much to write Home about the Closing @ 3967.95 ( before adjustments)