RAJ NIFTY Trading - Entry Exit based on Daily, Higer and Lower timeframe

healthraj

Well-Known Member
@raj,

have you closed down all shorts, which you mentioned two days back..?
Yes I closed 6400PE around 42 and I am playing the See saw as per the LTF. The LTF which was in an UPTrend turned FLAT and now slightly down and so I am holding the shorts Taken this morning around 6555. Closed 50% of that when I got a BUY signal @ 6510.

The BUY Signal disappeared in LTF and so holding the Rest

Bought 6400PE Again at around 32
 

healthraj

Well-Known Member
Yes I closed 6400PE around 42 and I am playing the See saw as per the LTF. The LTF which was in an UPTrend turned FLAT and now slightly down and so I am holding the shorts Taken this morning around 6555. Closed 50% of that when I got a BUY signal @ 6510.

The BUY Signal disappeared in LTF and so holding the Rest

Bought 6400PE Again at around 32
May be the support will come around 6505
Closed 50% of 6400PE @ 40. Will close the Rest when I get a Buy signal in LTF
 

healthraj

Well-Known Member
SELL Generated in LTF @ 6551

NOW We have SELL signal in LTF, HTF and Daily @ 6550. Let us see if it holds. Because the SELL Signal was not holding for the past many sessions:)

The next support in LTF will come at 6505. So watch 6505
NIFTY Range as per HTF
6522-6620 Pivot @ 6570

NIFTY Range as per LTF
6537-6566 Pivot @ 6552.
After a Long time NIFTY in LTF is FLAT with the Range now at 6515-6565 with Pivot @ 6540.

HTF is still in an UP Trend.

In LTF Buy Generated @ 6510.6 with SL @ 6491.6 Targets 6539.3 and 6564.6
May be the support will come around 6505
Closed 50% of 6400PE @ 40. Will close the Rest when I get a Buy signal in LTF
Yesterday close SELL Generated in LTF @ 6551. Today the Trend slowly started drifting from UP to FLAT to DOWN in LTF.

This morning the SELL Generated around 6555. And the support came around 6500-05.

Since the Trend was Down, did not go for the LONGs and was always looking to SELL on Highs and so it turned out to be a good day.

But since the IV was dropping the Put did not give a Great profit but it was OK.

So the important point is
- If the TREND is DOWN, Take only SHORTs
- If the TREND is FLAT, LONG/SHORT is fine
- If the TREND is UP, Take only LONGs


LTF is in DOWN trend, HTF is UP TREND, Daily is in UP TREND.
 

Relish

Well-Known Member
Sir can you post your chart for daily higher low time frame as you feel comfortable. Thank's
 

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