Thoughts on Day/Swing Trading Part 2

[Smart_trade]

ST Sir,

Regarding the BankNifty trade, are these trade taken after the close of the hourly candle or once the pivot is broken during the formation of the hourly candle ?

regards

Trades are taken once a pivot is broken during the formation of the hourly candle.

ST

 

[Smart_trade]

St sir can you update the trades of july series as this series is very volatile for day traders. Thanks

July series, gave a good long trade.....after that we are in sideways trend on 60 min chart. Intraday moves also volatile and choppy.

We are trading a intraday method on Nifty Futures.....it gave 11 trades in this week and 77 points profits in a week after deducting losses. Tough week though...

ST

 

[friendforevers0007]

Sir if possible can you please update charts thanks

 

[trade4joisar]

Hello ST Sir,

So as you said it was a small negative month.

I know i have limited knowledge in Sequential method, so want to know

If this rally was also part of it or it was not as expected (market can overrule anything)?

So if this is still part of this method then we have to wait for 13 count to go for long as per this method which you were saying about around 5500 i.e. previous swing low of5477

Let us know your views.

Thanks.

Hello ST sir,

Whenever you have time, can you reply on this?

 

[Smart_trade]

Hello ST sir,

Whenever you have time, can you reply on this?

Current upmove is a part of the buy sequential process going on and the down move possibility is still open which may take Nifty to 5500 or lower. If the spot nifty closes above 6102 then the downward bias is over.

Having said the above we as traders trade as per the ongoing trend. Sequential is for taking loge term delivery positions in the market...and its time has yet not come.

Smart_trade

 

[trade4joisar]

Current upmove is a part of the1. buy sequential process going on and the 2. down move possibility is still open which may take Nifty to 5500 or lower. If the spot nifty closes above 6102 then the downward bias is over.

Having said the above we as traders trade as per the ongoing trend. Sequential is for taking loge term delivery positions in the market...and its time has yet not come.

Smart_trade

Thanks ST sir.

1. When we got buy signal, low made of 5566 ? and then on 25th June, it break high of 5566 candle (i.e. 5604)? OR 27th June candle broke high of 25th candle (i.e. 5666)?

2. When you said we still have down move is possibility, i.e. because 13th candle which you were talking about does not happened ? With this method how we will come to know if we are again into downtrend and current up move is over ? if we go below 5566 ? or pivot low i.e. 5760 ?

Can you share your thoughts using charts ?

 

[niftyrider]

deleted..........

 

[niftyrider]

Trades are taken in direction of clear visual trend.....on pivots. Antitrend moves not traded.

ST Da,
Trades correct??

Uploaded with ImageShack.us

Uploaded with ImageShack.us

 

[Smart_trade]

Trades are taken in direction of clear visual trend.....on pivots. Antitrend moves not traded.

ST Da,
Trades correct??

Uploaded with ImageShack.us

Uploaded with ImageShack.us

Yes Niftyrider.....chart 1 trades perfect.

But in second chart there were many short trades in the later part after 28-5 but you have not marked them. Am I missing something ?Or you did not show them as I had posted in my chart ?

ST

 

[niftyrider]

Yes, I didn't marked them...as they are already marked in ur chart..