Day Trading Stocks & Futures

[travi]

@travi , @dpksingh571 , how do you guess the intraday trend ?

I rely a lot on adx(14) on 15 minutes. One gets a trending day about twice a week.

Just PA and using the TD setup level.
Above prev 4D Close( sometimes 3D as early reversal sign ) level in Sell setup always looking for Buy-on-dip even if it is mildly red day. Basically no shorts.
And vice-versa if we are in Buy setup, then preference only to short rallies. no longs.

This keeps me out of guessing game

 

[timepass]

Just PA and using the TD setup level.
Above prev 4D Close( sometimes 3D as early reversal sign ) level in Sell setup always looking for Buy-on-dip even if it is mildly red day. Basically no shorts.
And vice-versa if we are in Buy setup, then preference only to short rallies.

This keeps me out of guessing game

The timeframe for TD is ... daily ? Does it work well for intraday setup ?

 

[travi]

The timeframe for TD is ... daily ? Does it work well for intraday setup ?

yes Daily.
Its the same logic as employed by other systems. We always refer to HTF to get major trend.
And since we are trading the trend, better to stick with it.

So here, im using Daily setup counts that creates a dynamic level everyday and above that we are bullish and below bearish. That way there is no confusion and no scope of taking contra trades.

Then intra you are on your own using PA

 

[primitivetrader]

15-1-21 NF 2M

 

[vikas2131]

Nifty 40 PE

Current EPS 365 at same level of 2014 when Nifty was 7000

At Feb20 pre-Covid EPS of 450, Nifty still trades at 32 PE

Nifty P/B of 4, Not seen in last decade but only in 2005-07

Obviously market sees Super Growth in coming quarters to justify this

Do you agree?

 

[Romeo1998]

no support at all, time to go back to 14000 nifty is weak, she need glucon d n parle g biscuit for energy

 

[primitivetrader]

seems like accumulation is going on NF conf needed

 

[primitivetrader]

seems like accumulation is going on NF conf needed

time for an upmove AMD done in NF

 

[primitivetrader]

NF

 

[primitivetrader]

NF

first tgt done to AR