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| Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; 60 min pivot high stands at 4590 now,can it break with conviction........for now the trade ... |
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| Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument. |
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#1681
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60 min pivot high stands at 4590 now,can it break with conviction........for now the trade is a 5min uptrend trade within a 60min dntrend.
Previous bar on the 60min a failed breakdown bar...... Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1682
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Europe market (DJ Stoxx 50) down by 92.57 points.
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#1683
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To be frank, in Technical Analysis everything works and everything does not work. There is a market conditionfor every kind of trading strategy and then there will come conditions where one will pay back a lot of earlier made gains to the market. Same is the case with these patterns, they work sometime; sometimes they do not.
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#1684
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SPOT broke out of the wedge but could not clear the high of breakout bar. Long only above 4548 in SPOT.
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#1685
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UK market down 3%
FTSE5484.8-146.90-2.61 DAX6209.13-242.77-3.76 CAC 404471.53-120.62-2.63 |
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#1686
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out at 4509
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1687
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That falling wedge becoming more and more obvious
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#1688
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Quote:
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#1689
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Nifty 4400
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#1690
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Usually tend to raise stop losses till hit........
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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