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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by satya_pinku2003 Thanks Satya Always a pleasure buddy!...


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Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument.


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  #1391  
Old 13th March 2008, 12:54 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by satya_pinku2003 View Post
Thanks

Satya
Always a pleasure buddy!
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  #1392  
Old 13th March 2008, 12:55 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Long again at 4615
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  #1393  
Old 13th March 2008, 12:55 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

should i buy , should i wait ...... should i buy , should i wait .... should i buy , should i wait ..... Well not losing is earning for me .... will wait but 4620-4650 ... good level to watch. any indication on the 5 min. chart will go long
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  #1394  
Old 13th March 2008, 12:55 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by aca_trader View Post
For short, first 5-minute's high is stop and for long first 5-minute's low is stop. Trade must be reversed when the SL is hit as it would mean a pivotal breakout/breakdown.
Doesnt the 5 min breakout give too many whipsaws ?

Naresh
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  #1395  
Old 13th March 2008, 12:58 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Friends - Observed 5mins Upreversal bar in Spot Nifty 12:45 bar and also in Reliance 12:45 bar (with volume) - Let us be cautious in case of shorts. Regards Kapil
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  #1396  
Old 13th March 2008, 12:59 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Sold at 4635
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Long again at 4615
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  #1397  
Old 13th March 2008, 01:02 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

to saint, acatrader,

what i learnt from both of you that, if the first 60 min is up then one should buy on decline rather than short, please correct me if i am wrong. now the question is at which level should i buy, is it near the days low or i will wait for a break of days low (like fading),

thanks in advance,
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  #1398  
Old 13th March 2008, 01:04 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Long again at 4615
When it went there!!
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  #1399  
Old 13th March 2008, 01:06 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by nareshch View Post
Doesnt the 5 min breakout give too many whipsaws ?

Naresh
Yes it does. Hence, we apply it only on a special day,i.e., Gap Day when the whipsaws are very little. Otherwise I do not trade ORB.
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  #1400  
Old 13th March 2008, 01:08 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Initiated a Long @ 4642.35 with SL = 4629.95
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