Trading Nifty by Levels

[rahul321]

4630 hit. still potential for 4625, sl 4635

 

[rahul321]

momentum lost, SL hit of 4635. went upto 4626.

hence shorted at 4660, covered at 4635 : 25 points.

 

[rahul321]

short at 4645. sl 4660

 

[rahul321]

exit at 464o and below levels, market momentum lost.

 

[rahul321]

yuppy, 4630 hitted, today was a nice day.

 

[shivangi77]

Booked 80 points

 

[shivangi77]

sheet done well as when it said strong bearish then really nifty fall like cards

 

[hills_5000]

A suggestion. Can you pls put all the AFLs and sheets on the first post of this thread ? Else where do we get them from

Thanks.

 

[murthyavr]

I was too fearful of losses to keep a SL of 20 points back, so did not follow #4 in the previous post of mine.

I was blind until 3:30pm and could not see the pivots even though I was staring at the screen all the time. Actually I might have seen the pivots but my brain did not register them as such. so did not follow #1.

Until 2pm I just watched it fall thinking it's going to reverse any time. I now remember reading on traderji something like "A trend is in place until proven otherwise". Why I did not remember it then I do not know.

Finally ended with about 70 points profit. Between the stopped out points and re-entry lost potential to make about 40 to 50 points due to not being in trade.

Overall it was a good day for me.

Please write about your trades/thoughts.

ff35:

Make use of the VWAP thing (you might have read about it in ST's DayTrading
thread) after 2:30.

It will be really helpful to make a decision on whether you can continue in the
trade till the end or not.

If diff between C and VWAP is 35 or more (in the case of NF, I mean) after
2:30, it pays to stay if you are already in the direction of the price.

 

[vaishraju71]

hi shivangi,

can u send me Trend sheet excel for me?

thanks