Nifty Futures Trading

[Sunil]

Great yaar...:thumb:..Goin good for the 20 points..but after market plzzzz explain how 20 points target is calculated..thanks

height/target = peak - bottoms

 

[Sunil]

the tallest 15min bar of today...!!!

5min RSI touches 70 target

 

[milind]

Milind..U could have asked Ajax in that thread called picking bottoms..he might have seen there may be...Me tho im a bacha ..no knowledge of all these Wolf waves and all..trying to learn though from ajax....heheh

I thought he monitors this thread too if he is around, and there are other wise folks too. Oh Well! All this WW and all that is just to know what is likely, actual trade decisions based on price action alone. So I managed to cover my shorts in 60's and earned my daily wages alright.

 

[metushar]

Great yaar...:thumb:..Goin good for the 20 points..but after market plzzzz explain how 20 points target is calculated..thanks

Simple: the difference between high and low of double bottom is the target above highest point.

 

[premsinha12]

1nce again The Filter Worked very nicely.. as the HOD 2830.. The gap close strategy worked nicely agn(sadly didnt work last time at 2750 gap close when the stop was easily hit..) and this time we could have easily managed a gain of 40 points from it...

And thanks kammy and Sunil for the TL... I was never very good with charts and TL is very very new for me so im just learning it for now..

Hi,
I am new to this thread. Can you please tell me about the filter & how it is calculated?

Prem

 

[rajuwaste]

After several (days) attempts Nifty spot manages to close above 2797 level in daily closing basis.

:thumb:

 

[jstraju]

Another Doji day

 

[kalwarik]

After several (days) attempts Nifty spot manages to close above 2797 level in daily closing basis.

:thumb:

matlab bear ko bye bye????

 

[Sunil]

no signal for positional shorts yet...
60min -ve divergence needed a break of spot 2805...
the last 60min bar (of 30min duration) does it today, but still just 10pts away from closing.


2day swing low / key prev. low = SPOT 2740 for tomorrow (Thursday).

Another Doji day

Yup, an INSIDE DAY today in Spot chart (not in Fut chart)...
So, today's High & Low are the key levels to watch tomorrow (Friday) ie spot 2822 & 2771

Even if we ignore Inside bar, today's low (as per intraday charts) in both SPot & Fut, is 2 day Swing low.

In this case too, Stop / SAR for positional longs become Spot 2771 / Fut 2757

Spot 2740 retains its status as the key prev. higher low

 

[nath2211]

Today n yesterday we formed a clear doji in nifty future....can we expect a reversal