Nifty Futures Trading

[arnav_rulz]

Today's Gap also filled up ...

1 may look to short now @ 2925 with a stop of high of last 30/60 minute candle with a stop of 2943 as per my rules gap up rules..

Can easily scalp with 25-30 points with future @ 2898... or take it as a positional intraday short with the same stop...

 

[arnav_rulz]

Today's Gap also filled up ...

1 may look to short now @ 2925 with a stop of high of last 30/60 minute candle with a stop of 2943 as per my rules gap up rules..

Can easily scalp with 25-30 points with future @ 2898... or take it as a positional intraday short with the same stop...

WOW !! More than a 100 points !! Booking 50% @ 2810 !!

My target is around 2725 where the only gap is still left ..

 

[myvineet]

WOW !! More than a 100 points !! Booking 50% @ 2810 !!

My target is around 2725 where the only gap is still left ..

well done arnav ..u capture whole range of the day.....

 

[arnav_rulz]

well done arnav ..u capture whole range of the day.....

thanks vineet.. just wanted to book before 2800(a psychological level and also the level every1 expected to go the last time nifty bounced from 2818..)

BUT now i am confused again... Say if i carry my 50% short for monday.. Im not Sure what my Stop would be... Ive never carried Shorts based on these things for the next day...

I think if it a gap down on monday then again the SL will Friday's High of last 60 Minute candle... But what if its a Gap up ? then should my short be 2943 only or maybe based on some other resistance level ?

Will have to analyse that... So i think ill take home a Put if i need to carry forward... just to be safe !

 

[myvineet]

inflation at 5.91% v/s 6.38 % last week

 

[orderflow13]

Out of context qs. How much back fill data one need to have for accurate technical analysis? Most prof data vendors gives data from 1994 for nse, I just experimented with back fill data since 2001 n compare it with backfill data since 1994( all eod), there is immense difference in indicator values. On same basis most low cost data providers gives intraday data of last 5 days, n considering amibroker saves data n so u hv nw intra data of 1-2 years still there wd be minute diff in indicator value.
Now I wonder wt do traders in American markets do? How much backfill data is enough for trading professionally ? is there set standard ? parameter? like 10 years ,5 years? As American market is very old n its impossible 2 save data in one trading sw

 

[new2sm]

inv h&s in 3 min. neck 2862

 

[myvineet]

morning support level 2865 is resistance now...classical 1-2-3 pattern

 

[new2sm]

another inv h&s attempt.

 

[arnav_rulz]

WOW !! More than a 100 points !! Booking 50% @ 2810 !!

My target is around 2725 where the only gap is still left ..

Now trailing the 50% left @ 2873.05 as 50 points stop profit.. I think its better to protect my profits first..