Day Trading Stocks & Futures

[Raj232]

nice.. how do you manage to catch these setups ??
i see if one entered around 150 level it never reached around that level on a return... kept doing HH HL...

There is no guarantee.. all probability.. just like this one below:

 

[gregferns]

ok... thanks
What indicator is that being used ??

 

[timepass]

There is no guarantee.. all probability.. just like this one below:

View attachment 49368

ok... thanks
What indicator is that being used ??

He is using 21ema with 2% envelope in Kite.

 

[gregferns]

There is no guarantee.. all probability.. just like this one below:

ok... thanks
What indicator is that being used ??

 

[gregferns]

He is using 21ema with 2% envelope in Kite.

Something like this ?

 

[TraderBharath]

nice.. how do you manage to catch these setups ??
i see if one entered around 150 level it never reached around that level on a return... kept doing HH HL...

He can catch those setups because it’s after market, try this after market, even you’ll catch all these

 

[timepass]

View attachment 49370

Something like this ?

Exactly, but on 3 min timeframe.

Good, @gregferns , combining it on 15 min with RSI.

 

[gregferns]

Exactly, but on 3 min timeframe.

Good, @gregferns , combining it on 15 min with RSI.

RSI really has been helpful for me to catch tops and bottoms... still learning a lot and yet to go a long distance but its working so far...
RSI in conjunction with SR is more good....

 

[bottrade]

ok... thanks
What indicator is that being used ??

He is using 21ema with 2% envelope in Kite.

I tried to figure it on my own, it looks like 20EMA with 3% envelope. But what's the point of knowing when one is not emotionally strong and don't have enough patience to wait for entry/exit signal and throw the trade plan out the window and trade on impulse.

 

[timepass]

I tried to figure it on my own, it looks like 20EMA with 3% envelope. But what's the point of knowing when one is not emotionally strong and don't have enough patience to wait for entry/exit signal and throw the trade plan out the window and trade on impulse.

I get that. Ultimately trading is about psychology.

These technicals can at least help you to avoid damaging trades. Just read and absorb. It will all come in useful when actually trading.