Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
@Smart_trade sir I learnt alot from you now please have alook at chart where you will manage profits on short side in this vertical downfall. please guide.
I will book most of my profits on the hammer candle printed at the bottom. Reasons :
1) By the time the market reached the bottom, it was well extended on the downside so an alert trader is on lookout for profit booking.
2) The candle before the bottom is a large red bar and almost vertical fall. The markets will generally bottom on such bars or in next bar. So during this bar we should be ready to go for profit booking.
3) I will give chance to one more bar after this large bar before the swing low. The reason is the market may print another big red bar........so be in profit booking mode but give one more bar chance to the market.
4) The swing low bar is a longed leg hammer......the market pulled up from the bottom strongly so this is a sign to book most of our profits. The next bar is a green candle which engulfed the hammer red body...this is a last call for booking any short position left.
Markets make swing bottoms on such large bars and alert traders use them to their advantage.........
Smart_trade
Last edited:
@Smart_trade guru ji aap dhanya ho jug jug jio sir 
sir one question I entered on long at the circle marked above and exit half at resistance line and my stop was below pivot low-1ATR but risk reward was not favourable . reason for long price above 50 day moving average and break out of pivot and buy at pull back . so sir whats your opinion how will you trade ,as it hitted my stoploss and i took short below second last canlde as area of value.
sir one question I entered on long at the circle marked above and exit half at resistance line and my stop was below pivot low-1ATR but risk reward was not favourable . reason for long price above 50 day moving average and break out of pivot and buy at pull back . so sir whats your opinion how will you trade ,as it hitted my stoploss and i took short below second last canlde as area of value.
@Smart_trade guru ji aap dhanya ho jug jug jio sir sir one question I entered on long at the circle marked above and exit half at resistance line and my stop was below pivot low-1ATR but risk reward was not favourable . reason for long price above 50 day moving average and break out of pivot and buy at pull back . so sir whats your opinion how will you trade ,as it hitted my stoploss and i took short below second last canlde as area of value.
sir one question I entered on long at the circle marked above and exit half at resistance line and my stop was below pivot low-1ATR but risk reward was not favourable . reason for long price above 50 day moving average and break out of pivot and buy at pull back . so sir whats your opinion how will you trade ,as it hitted my stoploss and i took short below second last canlde as area of value.
I will go short when the pivot low gets broken after trying to clear the resistance for the second time ( actually it was third attempt to clear the resistance) and failed ( in 3rd large red candle from the end)
Smart_trade
Last edited:
dur dur ka trendline torke banknipty hawa me ud gaya 
jo bear tha wo expiry ke baad bull ban gaya
ab direct break lagega 36k
35k have highest resistance, par udar bhi support add ho raha jab 35k ka resitence khali hoga tho banknipty 36k thak ud jayega
mumbai ka king kon, Bhiku Mhatre
mai 10-15 year bara hota tho Michelle Rodriguez ko marry proposal bhejta what a beauty lady n very nice driving also
jo bear tha wo expiry ke baad bull ban gaya ab direct break lagega 36k
35k have highest resistance, par udar bhi support add ho raha
jab 35k ka resitence khali hoga tho banknipty 36k thak ud jayega mumbai ka king kon, Bhiku Mhatre
mai 10-15 year bara hota tho Michelle Rodriguez ko marry proposal bhejta
what a beauty lady n very nice driving also
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