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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by kkseal Never write-off the RSI! Causes no. of whipsaws. However, if you ...


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  #371  
Old 20th February 2008, 02:20 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by kkseal View Post
Never write-off the RSI!
Causes no. of whipsaws. However, if you keep trying one of the several trades will be a jackpot.
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  #372  
Old 20th February 2008, 02:21 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

expecting some serious short covering here
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  #373  
Old 20th February 2008, 02:26 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
Overnight shorts closed. (Broke my leg when RJ announced in Chat Room that Dow is Up 150 points). Intraday Long Initiated.
Arre in the morning I almost died when I saw dow at negative 10 points.

When I went into hibernate mode, it was at 105 positive.

Cant trust the dow Just like my neighbours wife..... she cant decide when she wants to run away with me

I have already made preparations, my laptop has a usb modem connection, thats all I need to run away with her
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  #374  
Old 20th February 2008, 02:27 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

As far as I am concerned,we are now trying to profit from a rally within a 60min dntrend........meaning,looking to make a fast profit,and bolt at the slightest trouble.

Always nicer to go with the trend,and in the line of the 60min....

Saint
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  #375  
Old 20th February 2008, 02:31 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Causes no. of whipsaws. However, if you keep trying one of the several trades will be a jackpot.
The spacing (bars) bet the peaks/troughs & the RSI period has to be compatible. A double or triple div is more trustwothy. However not perfect.

Regards,
Kalyan.
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  #376  
Old 20th February 2008, 02:32 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Raising SL TO 5133......


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  #377  
Old 20th February 2008, 02:33 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by ratan jain View Post
Arre in the morning I almost died when I saw dow at negative 10 points.

When I went into hibernate mode, it was at 105 positive.

Cant trust the dow Just like my neighbours wife..... she cant decide when she wants to run away with me

I have already made preparations, my laptop has a usb modem connection, thats all I need to run away with her
With FTSE & DOW, a gap open most often than not results in re-test of previous close. As the retracement started from 12500, There was a fair chance of close retest. BUt what will happen thereafter had me worried.
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  #378  
Old 20th February 2008, 02:37 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by kkseal View Post
The spacing (bars) bet the peaks/troughs & the RSI period has to be compatible.

Regards,
Kalyan.
Can you please explain it a bit?

Regards,
--Ashish
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  #379  
Old 20th February 2008, 02:48 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

all SL's hit in just a minute!!
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  #380  
Old 20th February 2008, 02:49 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

NF 5100 is looking strong support for the day. breakdown below 5100, some more down points.
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