Nifty Futures Trading

[Sunil]

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

precisely it was 2957...
as mentioned in prev post, it is prev HOD's breakout level...
needed a retest after gap up, and i got one...
check out RSI also at that time....

there's this new thread in this forum:
ANTICIPATORY TRADING VS REACTIONARY TRADING.... here

i have voted for anticipatory trading....
that's how i have conditioned my mind for intraday or scalping trades....

for example, i trade short FOR the break of LOD, and not ON the break of LOD

i thought u guys know this thing about me...!!!

 

[Sunil]

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 ..

Arnav...
long time back, i had commented that i admire your trading style & mindset as it matches almost with mine...
remember that lost brothers in NSE's kumbh mela post

will try to dig that post out after EOD

 

[arnav_rulz]

Originally Posted by tsunil4u

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

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

The reason is explained by sunil in the above post .. cheers

 

[Sunil]

Found it arnav...
i like this forum's advanced search system:

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1458.html#post223633

)

 

[arnav_rulz]

Arnav...
long time back, i had commented that i admire your trading style & mindset as it matches almost with mine...
remember that lost brothers in NSE's kumbh mela post

will try to dig that post out after EOD

Yes Sir.. I remember it pretty well...(i call every1 Sir who i feel close to me so dont mind me calling u sir plz )

It is yours and ashish da's Library thread that has helped in soo many unimaginable ways in my intraday trading ..

Earlier I was only a scalp trader.. n traded based only support and resistance while seeing the risk reward ratio...

My trade went like this --- Say Strong support @ 2850 .. Then i buy @ 2555.05 and averaged it at 2551.05 or something ... Kept a stop @ 2544.95(or very near to that level..used as filter) Risk of 8 points... (2-3 small bounce backs in my favour and could easily get around 10-15 points...) thus overall i was mostly earning ... But not that much ..

But now you guys have taken me to an all new level ... (though im very far from you..) still i improved my profitability ratio and found many new and better ways to trade ...

*but i still havent stopped my earlier method (cant ever :S) hehe

thanks a lot

 

[Sunil]

though it is not (formula-wise), but 2993 is acting as the pivotal level for today

 

[Sunil]

missed the LONG bus,
but combined RSI 75 with left's mountain peaks of 3008 for scalping shorts

 

[Sunil]

Yes Sir..

*but i still havent stopped my earlier method (cant ever :S) hehe

but yaar, that's how scalping is done by me too...(except the averaging part, and adding the RSI part)
dont leave this method & mindset...

drops of water make an ocean in long run

 

[arnav_rulz]

but yaar, that's how scalping is done by me too...(except the averaging part, and adding the RSI part)
dont leave this method & mindset...

drops of water make an ocean in long run

Yup thats why i have still not left this method.. and never will

*Well i actually dont average as such ... Its like i buy 50% 1st(So that i dont miss the upmove just trying to catch the low point..) and then add the 50% later ..

*Btw by voting for ANTICIPATORY TRADING(which i also do..) We guys have taken the lead in the Polls ... yipeee hehe

 

[Sunil]

anyone observing 1min chart + RSI... BETWEEN 13:55 AND 14:11
price made HH, but RSI did not.. (infact made LH)...

this is hidden bearish divergence as pointed out by learn2trade few days back...
i have got some matter on it, and i'll be posting about it in our Library thread
(this is only for RSI lovers and followers)