Nifty Futures Trading

[tinchu76]

days low gone after gap up opening???

 

[Sunil]

last 3 days' HODs of FUT:
2948 / 2956 / 2940

and of SPOT around 2945


I am expecting support at this level, as it broke in today's gap up... taste is imminent
but i will be trading for its test

 

[Sunil]

last 3 days' HODs of FUT:
2948 / 2956 / 2940

and of SPOT around 2945


I am expecting support at this level, as it broke in today's gap up... taste is imminent
but i will be trading for its test

got opportunity to scalp from 2956

 

[arnav_rulz]

got opportunity to scalp from 2956

Nice Trade Sunil ...

Tell me 1 thing ... like when may have brought @ 2956 ... what stop do u keep and where would u have personally booked ur profits and y ?(if thr was any particular reason..)

What i would have done is ... Maybe kept a strict stop of 2944.95 or what would have gone with the gut feel near that level. based on the lil trading experiance i have ..


As the trade went right ... i booked my profits near 2970 caz of 2 reasons
..
1) i was getting 10-15 as i desire in a scalp trade ...
2)The sharp fall came from levels of 83to58 so the 50% retrace was 2970

How do u go about these trades ? (you can very well answer this after End of day ...) i was just posting it right now caz i wont be here at that time ..

cheers

 

[Sunil]

last 3 days' HODs of FUT:
2948 / 2956 / 2940

and of SPOT around 2945


I am expecting support at this level, as it broke in today's gap up... taste is imminent
but i will be trading for its test

yum yum 2985
tasted good
past the test too...

 

[Sunil]

2993 FUT in action in tick/1min chart...

tryst with 2993 again with high RSI
scalping some shorts from there

 

[tinchu76]

Sunil did u calculat the fall from 12.10bar in 5mnt charts. then arrived @ 2985 (61%)
hope i am getting it right?

 

[tinchu76]

got opportunity to scalp from 2956

As arnv also asked pls do advice what prompted u to enter at 2956 as it seems the low of 12.50/5mts bar. I also went long at 2963 levels but on 13.05bar.May be after market hours.

Thanks/Rohit

 

[Sunil]

Sunil did u calculat the fall from 12.10bar in 5mnt charts. then arrived @ 2985 (61%)
hope i am getting it right?

arnav, tinchu
i dont sit with a calculator for finding fib levels for intraday trading....
NEVER

just observe tick / 1min chart:
2985 was near the previous resistance level at 12:41
it appears as a mountain peak....
that's why i booked my longs at 2985
half was booked at 2970


now as for shorts from 2993, i have cvrd most at 2980 (reason - early morning band...
I JUST KEEP LOOKING LEFT IN THE CHART FOR MY ENTRY & EXITS...
TRY TO COINCIDE THEM WITH 70+ OR 30- RSI LEVELS

 

[arnav_rulz]

arnav, tinchu
i dont sit with a calculator for finding fib levels for intraday trading....
NEVER

just observe tick / 1min chart:
2985 was near the previous resistance level at 12:41
it appears as a mountain peak....
that's why i booked my longs at 2985
half was booked at 2970


now as for shorts from 2993, i have cvrd most at 2980 (reason - early morning band...
I JUST KEEP LOOKING LEFT IN THE CHART FOR MY ENTRY & EXITS...
TRY TO COINCIDE THEM WITH 70+ OR 30- RSI LEVELS

Perfect (pretty much similar to my pattern though i try and get out before the mountain peak ie near 2979...)

i Also dont use fib levels much in intraday ... but just try and book near 50% and its vry easy to calculate 50% so no need of calculator .. hehe

thanks again Sunil ..