Nifty Futures Trading

[Sunil]

arnav, what we are seeing is actually an intraday UT with HH HL formation...

4218 FUT is now the trailing stop of this UT

general rule of intraday UT is that we have to buy at/near prev HL... so these r not actually dbl bottoms (which come into pic only on downtrends, and need some time gap between them)
UT is apparent in 1 min chart

 

[arnav_rulz]

wow arnav .. congrats... lol i first confused with asish da

arre nono Alex sir ....

My trades are just going my way somehow .... No where close to ashish da.


The best thing i learnt from was ....

I covered My shorts @ 4200 and went long @ 4205....

I could have never ever done the same thing 2-3 months ago.


I was always bullsih or bearish even in intraday and my positions accordingly... But looking at his way of trading ive changed somethings..


Still 1 thing to learn is, to reverse trade ie double quantity stop,

I am still a lil tiny bit emotionally attached to my trade

 

[arnav_rulz]

arnav, what we are seeing is actually an intraday UT with HH HL formation...

4218 FUT is now the trailing stop of this UT

general rule of intraday UT is that we have to buy at/near prev HL... so these r not actually dbl bottoms (which come into pic only on downtrends, and need some time gap between them)
UT is apparent in 1 min chart

hmm.. Didnt get that completely .... but got the gist of it ....


But sunil... again help me out .... why wasnt 4198 a double bottom @ 10:50 and 10:58 in spot chart ?

 

[Sunil]

hmm.. Didnt get that completely .... but got the gist of it ....


But sunil... again help me out .... why wasnt 4198 a double bottom @ 10:50 and 10:58 in spot chart ?

no, i will not take it as a dbl bottom, but as a confirmation of UT in process...

now trailing stop for UT is fut 4227

 

[arnav_rulz]

no, i will not take it as a dbl bottom, but as a confirmation of UT in process...

now trailing stop for UT is fut 4227

kk thanks ... gt your point

 

[arnav_rulz]

4210 spot acting as good support... will look to short below that

* broken.... Shorted @ 4224


Stop AS 4230.05 ....

 

[milind]

Hi,

NF 1m has h&s with neckline crack at ~4228. TBQ/TSQ ratio is still favoring buyers. But TBQ/TSQ in Reliance, reversed when it approached 2100, now standing at 159k/289k favoring sellers.

-- Milind

 

[arnav_rulz]

covered 50% @ 4218...

 

[arnav_rulz]

stop changed to 4210 spot .....

 

[orderflow13]

look at the premium of next month series, 8 points premium, long positions rollin over