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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by uasish Ahh you are now pulling my Legs. No Sir not at ...


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


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  #4621  
Old 9th May 2008, 12:33 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by uasish View Post
Ahh you are now pulling my Legs.
No Sir not at all... I have learnt a lot abt Intraday trading from your posts... and i am serious abt it

And a lot from Saint for postional trading.

Thanks a lot!

Regards
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  #4622  
Old 9th May 2008, 12:34 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Stalking for an entry long into NF.....


Saint
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  #4623  
Old 9th May 2008, 12:36 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Stalking for an entry long into NF.....


Saint
Saint,

Why are you looking for a long entry?

Regards
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  #4624  
Old 9th May 2008, 12:40 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint
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  #4625  
Old 9th May 2008, 12:44 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint
Oh then it is fine I understood
I thought u r doing a contra trend!!!! Which you do not do as u r a trend follower... and now I am your follower... Even i have stopped contra trend trading... and follow your pivot method it really works big time!!!

Thanks a lot for sharing the gyan with all the members over here...

Regards
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  #4626  
Old 9th May 2008, 12:49 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Todays pivot high is 5088... pivot low is 5063.10 but it was taken off now... and new pivot low of 5061 was formed... how much room should be given before decisive break? I ask this as 5063.30 was taken off

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  #4627  
Old 9th May 2008, 12:49 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
Long only if pivot highs are taken out,MB........Till then sitting on hands.

If it has the ability and strength to break the low of day,then will think short.

Saint
........mini bias towards longs,as daily is still uptrend mode,looking for a change in trend on the hourly.

Why not ride the short down last few days...........Ah,that answer is simple.Missed it!Why not short here below pivot lows?Considering that as well...then biases get thrown out.In intraday trading,always have both options open at all times..........


Saint
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  #4628  
Old 9th May 2008, 12:49 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by milkyblack View Post
Let the inflation be anywhr... as a chart follower i think we have got nothing to do with economic data...

Regards
Even a chart reader has to be aware if an important news is due. Those numbers can move market rapidly. Inflation, interest rate decisions, company earnings announcements (if you trade stock) need to be tracked due to uncertainty they cause in the trend.

-- Milind
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  #4629  
Old 9th May 2008, 12:50 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by milkyblack View Post
Oh then it is fine I understood
I thought u r doing a contra trend!!!! Which you do not do as u r a trend follower... and now I am your follower... Even i have stopped contra trend trading... and follow your pivot method it really works big time!!!

Thanks a lot for sharing the gyan with all the members over here...

Regards
Most welcome,my friend..........

Saint
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  #4630  
Old 9th May 2008, 01:00 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
........mini bias towards longs,as daily is still uptrend mode,looking for a change in trend on the hourly.

Why not ride the short down last few days...........Ah,that answer is simple.Missed it!Why not short here below pivot lows?Considering that as well...then biases get thrown out.In intraday trading,always have both options open at all times..........


Saint
Well according to your teachings I have covered long below 5178(2 bar method) and I am short from tht time... and if market closes negative today then my SL for the short will be above 5118...
But I have taken wrong postion I think as Daily in in uptrend... and I thought it to be in a rally... which was cleared by jamit... in new intermediate uptrend thread... so I should square off my short postions right? or wait for the SL to be taken away!!!

Regards
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