Nifty : Real time discussions...!

[kevin_shah]

the gap got filled already on the way down

thats what i did ...i waited for the gap to fill and imediatedely took atrade at 5495 level in minifty

 

[kevin_shah]

now shifted my stop loss to trailing stop at 5505 as i think spot nifty at 5500 will be false break

 

[timepass]

So, does this theory apply intra day or short/medium term for a few days/weeks?

I try to work out all time frames using this simple funda.. other patterns I dont understand

 

[kevin_shah]

stopped out at 5505 in minifty...will look for second entry...above 5510

 

[San Yad]

long nifty 5495....stop loss 5470 target 5525...first trade of nifty lets see.....waited for 4 hours to get this trade
I call this GAP FILL TRADE
if the spot crosses 5500 then the target is achievable

Kevin. You sure its uptrend now?

I doubt Bro.

Happy Trading!

 

[kevin_shah]

no body is sure if the there is a uptrend or down trend...till ur stop gets hit multiple times .... so i m doing what i do normally take longs and shorts at gap fill...atleast i will make profit or break even...
i have enough of losses predicting uptrends and down trends ...so i make sure in intraday i try to take the my trades at this critical junctures as they are highly probabale

 

[kevin_shah]

atleast i strongly fill that the nifty may not go sown much below 5580...since
1. there is gap fill
2. intraday 5 min trendline has broken
3. now its time to reversal

 

[San Yad]

no body is sure if the there is a uptrend or down trend...till ur stop gets hit multiple times .... so i m doing what i do normally take longs and shorts at gap fill...atleast i will make profit or break even...
i have enough of losses predicting uptrends and down trends ...so i make sure in intraday i try to take the my trades at this critical junctures as they are highly probabale

true.

High risk high profit/loss always

Keep posting your strategy.

Happy Trading

 

[vinodkiyer]

stopped out at 5505 in minifty...will look for second entry...above 5510

you are on track

 

[vinodkiyer]

long at 5514 sl 5505