Day Trading Stocks & Futures

travi

Well-Known Member
For the market to show weakness, it has to break earlier day's low atleast, market correcting and then rallying and failing to go above the rally high and subsequently going below the valley low to make lower tops and lower bottoms.For last 10 days earlier day's low is not broken and the market did more than 1100 nifty points in last 10 days....so weakness is only in our mind and anticipation. If anyone shorted nifty on daily timeframe in swing trades on this perceived weakness,he lost his money in stoplosses but most importantly he lost a chance of participating and making money in this over 1100 points rally, a lost opportunity.Intraday traders can capitalise on intraday moves both ways up and down, on short term trends, if they are nimble in entries and exits.

Smart_trade
1100pts :eek: if caught fully is the work of a genius, although there was a hint of bounce from 200 DMA at 10800,
but in the TD thread, 700pts Long easily achieved while documenting TD setup bars there :D
 

mohan.sic

Well-Known Member
i think today a small correction can happen :)
once this trendline is broken, bnf can easily go back to 23500 :)
big polar n grizzly bears might awake :DD:DD:DD
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Thats right about the extended market during this swing and a counter move is possible.
But usually markets don't react quickly to popular views at these round numbers. They cross these levels, frighten the traders with sl hits and then pull back...
 

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