Time To Stick My Neck Out "Nifty 5000"

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uasish

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#291
#291
Czar,
My personal strategy of not holding overnight positions until a Trend is confirmed,has protected my Gastric lining,Sugar Level & BP.

Asish
 
U

uasish

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#294
#294
When the Low of 30th 4370 of Nifty Fut broken there was no doubt left for the Mayhem to follow to-day,however i did not Short ,though my initial schooling days of 'Dabba Trading' ,i knew when open & High is same ,ideal to Short & today Nifty Fut had that feature,but did made it up in Stock futures.
 
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uasish

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#295
#295
4200 the Low made by Nifty Fut to-day is a Monthly Support Zone.The kind of Hurry Bear's are showing is a Typical sign of End of 5th Wave.
 
U

uasish

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#298
#298
ssprasad,
As of now Trend has reversed from 30th July,see attached chart & the general Sentiment is Bearish.

Asish

NB: This new indicator has passed the Litmus Test ,it showed reversal on 30th itself,but as more back-test are pending hence i did not use it till now.
 
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Saint

Saint

Banned
#300
#300
uasish said:
When the Low of 30th 4370 of Nifty Fut broken there was no doubt left for the Mayhem to follow to-day,however i did not Short ,though my initial schooling days of 'Dabba Trading' ,i knew when open & High is same ,ideal to Short & today Nifty Fut had that feature,but did made it up in Stock futures.
Click to expand...
Great going,Asish on the stock futs gains....

Just a piece of advice :When you get a Wide Range Bar to the up,and then you have a gap down by more than half that previous bar,and then dumps,always go short below the previous day's bar low.

Don't think.......just press the button.And once you are used to the pattern,go huge quantities as well.

Of course,worse than this is a WRB the previous day,and then a monster gap down to below the low of that entire WRB..............severe pain,but you laugh all the way to the bank!

Saint

ps:As always,nothing is 100% fullproof........we are traders,we play probabilities.
 
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