Nifty Futures Trading

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dont look too much in the future .. breaking news .. we havent yet devised the time machine ...:D. at that time any b/o will tell us wt to do bear / bull they always dance around since century :)
Dear Friends:
News is what it is all about.
My future ends at 16.15 today the 25th.
Tomorrow is a different future.
But sometimes the BULL dances and takes the floor and vice-a-versa.
Sorry, cannot understand 'century'.
Do not daytraders ask if x is punctured shall we reach y ?
Now if 4110 is punctured shall we reach 4070 ?
Take care!!
j.
 

Sunil

Well-Known Member
Sunil can you tell RSI on hourly chart of Nifty , i am not having access to 60 minutes charts :mad:
Sorry buddy,
I am trying to get a charting software myself over weekend....

I don't have access to real-time charts...

Post this question in Saint's 60 min thread.... their hourly bars are perfect which i want
 

Sunil

Well-Known Member
Dear Friends:
News is what it is all about.
My future ends at 16.15 today the 25th.
Tomorrow is a different future.
But sometimes the BULL dances and takes the floor and vice-a-versa.
Sorry, cannot understand 'century'.
Do not daytraders ask if x is punctured shall we reach y ?
Now if 4110 is punctured shall we reach 4070 ?
Take care!!
j.
roameri, IMHO, intraday traders should not pre-empt things in so much detail... if i say, i m expecting a bounce from 4100 area, i m expecting only 15-20 points... as first target for part-booking... and because, this is a prev, triple top area, i may trail stop for balance lots...
Maybe because u r more of a positional trader, your day ends at EOD (3:30).... my trade starts & ends at every 10-15 mins... I cannot have a fixed view thru-out the session... I respect each & every level as it comes... and enter long/short accordingly, making sure my stop loss is comfy and risk:reward ratio is slightly in favour of my trade
 
roameri, IMHO, intraday traders should not pre-empt things in so much detail... if i say, i m expecting a bounce from 4100 area, i m expecting only 15-20 points... as first target for part-booking... and because, this is a prev, triple top area, i may trail stop for balance lots...
Maybe because u r more of a positional trader, your day ends at EOD (3:30).... my trade starts & ends at every 10-15 mins... I cannot have a fixed view thru-out the session... I respect each & every level as it comes... and enter long/short accordingly, making sure my stop loss is comfy and risk:reward ratio is slightly in favour of my trade
Dear Friends:
Somewhere I read that a daytrader should let profits run and cut losses immediately. So I feel that when I ride a bear on the RAMPAGE I keep riding till the trend reverses and vice-a-versa.
I keep track like all daytradrrs should and reverse my position as the trend reverses.
If there is oscillation then I only keep 12 to 16 points to book profits (i.e. about Rs.8.00 after the two way brokerage.)
This discourse of ours is healthy as it also exhibits the psychology of different persons.
Cheers!!!
j.
 
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