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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by renu daga asish da!! just clera me something...working on 5 min chrat ...


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  #6091  
Old 16th June 2008, 01:28 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by renu daga View Post
asish da!!

just clera me something...working on 5 min chrat isnt it,,

the previous bars were showing lower lows/ lower highs,,,,,and tehn it moved to ,,, hh hl,,,but closely seen patern formation,, of cup..consolidation at that levels

renu
Today's last trade was on Tick chart.
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  #6092  
Old 16th June 2008, 01:34 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by sanx View Post
Can you explain this with a screenshot if possible ?

Thanks
Search for the posts by AJAX on wolfe-wave, he has lot of good material. As for the one I posted about, I think it was a real one and did achieve its target.

-- Milind

Last edited by milind; 12th September 2008 at 04:01 PM.
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  #6093  
Old 16th June 2008, 01:37 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

thnks,,,,

but working on tick chart....find it very airy,,and difficult...half the time,,,stand / still

i found teh same thing which u said on 5 min,,,so wanted to clarify

renu
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  #6094  
Old 16th June 2008, 01:56 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by tsunil4u View Post
If spot does not break 4595 level, then it might take support at neckline of inverted H&S patterm (the resistance level of Friday) at 4550/4560 levels
Let's see if it can take support here... Dow Futures & European markets are not giving clear picture. They are flat-to-postive now...
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  #6095  
Old 16th June 2008, 02:36 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Both Spot & Future need to cross 4585 for some upmove...
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  #6096  
Old 16th June 2008, 02:52 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

As promised on Saturday to show on Live chart a UpThurst set up & why it is the safest
place to short,probability of these trade to win is favourable.


The 1.15's bar in 1 min,look at the Vol of that bar more than avg,look at the close it is below 50 % range;
now what do we have ...........that the Upmove from 1.13's bar 2 good white candel then suddenly huge vol &
the candel failed to close above 50% range.
This is 1st Warning of upmove may fizzle out.
Then i was searching for an Upthurst Bar with LESS VOLUME & CLOSE ABOVE 50 %,it happened on 1.21's bar !!
So set up complete hence S H O R T .
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  #6097  
Old 16th June 2008, 02:58 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

the morning bearish WW is showing Nifty to go to 4530-40 range. scary if true
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  #6098  
Old 16th June 2008, 03:13 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Levels to look out for tomorrow (SPOT) - 4618/20 on the upside & 4550 on the downside
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  #6099  
Old 16th June 2008, 03:17 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Any views on the range that can be seen till expiry???
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  #6100  
Old 16th June 2008, 03:23 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Atleast SPOT should close above Friday's High of 4563 to have some hope of continuation of upmove. Future's discount has reduced too. But today's volumes & European markets give out an unclear picture...
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