Nifty Futures Trading

[milkyblack]

Again a move down! Not in trade now! Going out for sometime... might get stuck there!

 

[uasish]

Saint has taught us if HH HL then uptrend.

In a 5 mins chart at 1.04's bar there was a HH ,when compared with the High of 11.34's bar,now we wait for a HL,which at 2.09's bar,though we came to know that to be a confirmed HL ,may be after a couple of bars.

Then how come we where Shorting,OK even if we are trying for the down move from 1.04's bar then we would be extra cautious to locate the HL (if any,becoz at that time we did not knew the right side of the chart) ,did'nt the 2.0's bar High Alerted us,then for each bar the earlier 2 bar's highest high would not have been our Stop.

 

[lalpar]

third time market have retraced back from 3918!!!!! if it goes there again I expect market to go above 4000!!!

 

[uasish]

Again we got multiple High's in the vicinity of 3925 to 3927.00 & Mkt came down from there,deny-ing a HH.

 

[Sunil]

Saint has taught us if HH HL then uptrend.

In a 5 mins chart at 1.04's bar there was a HH ,when compared with the High of 11.34's bar,now we wait for a HL,which at 2.09's bar,though we came to know that to be a confirmed HL ,may be after a couple of bars.

Then how come we where Shorting,OK even if we are trying for the down move from 1.04's bar then we would be extra cautious to locate the HL (if any,becoz at that time we did not knew the right side of the chart) ,did'nt the 2.0's bar High Alerted us,then for each bar the earlier 2 bar's highest high would not have been our Stop.

had missed this HH Hl...

thank u sir...
gone long at 3885 FUT

 

[uasish]

Now 3875.00 the Pivotal Low is imp.
if does not breach & break 3927.00 then up-trend in 5 mins intact
if it breaches that then up-trend analogy do not hold.

 

[milkyblack]

Saint has taught us if HH HL then uptrend.

In a 5 mins chart at 1.04's bar there was a HH ,when compared with the High of 11.34's bar,now we wait for a HL,which at 2.09's bar,though we came to know that to be a confirmed HL ,may be after a couple of bars.

Then how come we where Shorting,OK even if we are trying for the down move from 1.04's bar then we would be extra cautious to locate the HL (if any,becoz at that time we did not knew the right side of the chart) ,did'nt the 2.0's bar High Alerted us,then for each bar the earlier 2 bar's highest high would not have been our Stop.

Asish Da,

Shorted at 3916 because though the 5 min in uptrend but the 60(reference in DT) So shorted with a back up trend of 60min in mind! One more reason to short was that I missed the long pull back So restless

Regards

 

[uasish]

had missed this HH Hl...

thank u sir...
gone long at 3885 FUT

Now as per Saint's teaching the Stop is to be placed @ 3874.95.

 

[lalpar]

long at 3904

 

[Sunil]

at 2:40, although FUT did not make a HH, but SPOT had made...

let's see whether FUT can attempt to cross 3925 now...