Nifty Futures Trading

[deb99891]

ahh i am still a new entrant to market profile,still studying abt it.i was inspired by cv sir and asish sir here who has too much more knowledge than me.

asish sir had started a thread on this Guide Me, but unfortunately the thread was halted

regards.

yes asish da
plz start a new thread on mp
true regards

 

[uasish]

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This is Nifty Fut 10 mins chart,i once again try to convey ,it is always there in the chart,it is our inability to find it.
Let us not fall into a Trap of making a Habit of taking directional cue from anywhere else than the chart.
There is a Technical term known as Correlation,(plz google it),it is not nessacary that every time we will succeed in taking cue from elsewhere.When the Correlation turns opposite i will loose money.

In the chart starting from 30th's 2.40 bar Mkt is being resisted at the 'Lakshman Rekha';so from 30th the chart is telling us that i am being resisted.

I am Long since 4343.55 .

 

[Czar]

nifty approaching crucial line, but volumes are good...

 

[mitasatyajit]

Short Fut @ 4410 stop 4420 (intraday)

 

[Sunil]

Look at HANG SENG / KOPSI / DAX / DOW / ETC /ETC,what happened with Sonar & Lohar buddy.
Daily Pivot / Wkly Pivot are usefull,becoz Mkt seem to stall there,as all Retailers like us respect those Levels,Smart Money knows that.
There are several Pivot calculations ,'Camerrila' / 'Woody's' / Etc ,all these as a budding trader EACH & EVERYONE of us know.
People who trade with Actual Money at stake,obviously has his/her methods,there are many 'Paper Trader',people who trade from Office computer can not be a totally focused trader.
Trying 1 method today another 1 to-morrow will never help us.

We all are Students of Mkt,there is no 100% sure thing.

sir, that sonar comment was meant for DOW only...
and yes, for an intraday trader/scalper, there's actually ONLY ONE method (this i have learnt from you) and that is to observe the charts & trade on breakouts/breakdowns, and/or enter contra trades near good chartical supports/resistances...

all other methods may help you for swing trades, postional trades, etc

 

[uasish]

Stop placed @ 4393.05 the current 10 min bar's Low.

 

[uasish]

Stopped out for 0.5 paisa only.

 

[praveen taneja]

this move has really surprised me.. why are they moving so fast..

earlier i dont know but now short covering starts

 

[uasish]

sir, that sonar comment was meant for DOW only...
and yes, for an intraday trader/scalper, there's actually ONLY ONE method (this i have learnt from you) and that is to observe the charts & trade on breakouts/breakdowns, and/or enter contra trades near good chartical supports/resistances...

all other methods may help you for swing trades, postional trades, etc

Any method like Saint's is good for any time frame.
DOW method if not good for Intraday then can not be good for any other form.
There is no compartmentalized methods ,like for intra etc,except for Scalping,otherwise the Risk / Reward / Money Mgmt only changes.

 

[Ank!t007]

sir, that sonar comment was meant for DOW only...
and yes, for an intraday trader/scalper, there's actually ONLY ONE method (this i have learnt from you) and that is to observe the charts & trade on breakouts/breakdowns, and/or enter contra trades near good chartical supports/resistances...

all other methods may help you for swing trades, postional trades, etc

Well for me Tape reading is the only method for scalping and for positional trades The one and only our saint sir's pivot method.

Ankit

PS: even colorful indicators doest work at least for me

EDIT: Dow method is helpful for gap trading for sure