Trading as a part time profession.

[rajendrani]

Will not be trading for two weeks, covered my short at 2550
Total of more than 450 point, Thanks saint for his teachings, God bless him.

Regards,
rajendrani

 

[rajendrani]

An overall of more than 925 + profit in 14 days of trading session.

 

[NORBE_1958]

Sir,
You mentioned filter, what can be the filter to be used for NIFTY Futures at this stage and how does one calculate the filter,

 

[rajendrani]

Sir,
You mentioned filter, what can be the filter to be used for NIFTY Futures at this stage and how does one calculate the filter,

Bro, I am really sorry, but you have to come up with your own filter value after backtesting, as every individual has their own value of filter which works best for them, So, would suggest that please come up with your own value. 1/4th to 1/8th of the ATR value can get you started or just 0.5 - 1% of nifty value can help you in deciding and reaching the particular filter value.

Thanks and all the best,
Regards,
rajendrani

 

[rajendrani]

Going out for some work, will be back in full swing in 2 week time, Till then all of you take care of yourself and Happy trading.

Till then I hope kiran who had been doing wonderful job with the chart pattern and analysis will continue to contribute over here. Wishing kiran all the best and we all would like her to start a new thread on chart patterns on intraday and daily charts.

Thanks and regards,
Rajendrani

 

[ag_fx]

An overall of more than 925 + profit in 14 days of trading session.

What was the reason behind the entry at point 5? I can t see any pivot levels being broken dere to enter short....Can u plz help??

 

[rajendrani]

What was the reason behind the entry at point 5? I can t see any pivot levels being broken dere to enter short....Can u plz help??

Buddy, that was the last day of february contract, so I had to rollover my short, so I covered at lower level and entered short again with march contract at higher level, please check the 4th point, then you will understand.

Hope your confusion is clear.

Thanks and regards,
rajendrani

 

[ag_fx]

Buddy, that was the last day of february contract, so I had to rollover my short, so I covered at lower level and entered short again with march contract at higher level, please check the 4th point, then you will understand.

Hope your confusion is clear.

Thanks and regards,
rajendrani

Got it...Understood the reason for covering...But when you covered feb lots at 4, was dere any reason or just the +100 pts gave you that signal..

Basically, I am trying to make sure that there were no new pivots formed during the period after the trade was taken up at 1, except at the Low of the bar where 3 trade was taken...may be dat was a potential Pivot Low.... Am I rite?

And thanks for the reply

 

[kiranb]

Here we can see to bearish pattens
1. Double top
2. H &S

both the pattens are acting like continuation pattens. Target is archived for both those who are in positional short can take some profits as the target for both the pattens are achieved and RSI and Stochastic are oversold. In short term we may see some pull back here.

Kiran

 

[pkamalesh]

Thanks kiran ...would be great if u can add a few nifty charts as well..thanks again