no one going to earn even single rupee day trading
- Thread starter abhiwhy
- Start date
Hi Abhi,
Great thread.I am using IIFL Trader Terminal Software for my online trading.This software gives the multiple time frame for tick,1,2,3,5,10,15,30,60 and custom made time settings.The problem is it gives details for the trading day only.Previous data are not integrated with the current data.Further ADX is not available with this software.
Could you help me.
Thanks in advance.
arasu11
Great thread.I am using IIFL Trader Terminal Software for my online trading.This software gives the multiple time frame for tick,1,2,3,5,10,15,30,60 and custom made time settings.The problem is it gives details for the trading day only.Previous data are not integrated with the current data.Further ADX is not available with this software.
Could you help me.
Thanks in advance.
arasu11
If I would have been you , I would have gone short on Wednesday morning on opening as the BB pierced the Green+Red horizontally by EOD Tuesday.Still in Sell mode as the small pullback on Friday was without volume.
I mean your risk would have been hardly 10 Rs as per the daily chart below if you would have started on Wednesday. Now if you short you have to scaledown in timeframe and look for the previous swing high to place your stoploss.
Stoch - Flipped from OB zone- Still halfway through neutral Zone indicates Selling has not yet dissipated.
RSI- Also in your favour.
Hope my interpretation is sensible.
PS: Abhi has started this thread to tell something else and we are making full use of it!!!:clap::
Regards
Raghav
I mean your risk would have been hardly 10 Rs as per the daily chart below if you would have started on Wednesday. Now if you short you have to scaledown in timeframe and look for the previous swing high to place your stoploss.
Stoch - Flipped from OB zone- Still halfway through neutral Zone indicates Selling has not yet dissipated.
RSI- Also in your favour.
Hope my interpretation is sensible.
PS: Abhi has started this thread to tell something else and we are making full use of it!!!:clap::
Regards
Raghav
Last edited:
If I would have been you , I would have gone short on Wednesday morning on opening as the BB pierced the Green+Red horizontally by EOD Tuesday.Still in Sell mode as the small pullback on Friday was without volume.
I mean your risk would have been hardly 10 Rs as per the daily chart below if you would have started on Wednesday. Now if you short you have to scaledown in timeframe and look for the previous swing high to place your stoploss.
Stoch - Flipped from OS zone- Still halfway through neutral Zone indicates Selling has not yet dissipated.
RSI- Also in your favour.
Hope my interpretation is sensible.
PS: Abhi has started this thread to tell something else and we are making full use of it!!!:clap::
Regards
Raghav
I mean your risk would have been hardly 10 Rs as per the daily chart below if you would have started on Wednesday. Now if you short you have to scaledown in timeframe and look for the previous swing high to place your stoploss.
Stoch - Flipped from OS zone- Still halfway through neutral Zone indicates Selling has not yet dissipated.
RSI- Also in your favour.
Hope my interpretation is sensible.
PS: Abhi has started this thread to tell something else and we are making full use of it!!!:clap::
Regards
Raghav
my charting basis tell me that hindunilvr is in buy condition...now i know that the decision will be off the market, but still i got to believe in what chart shows me
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