Day Trading Stocks & Futures

[Riskyman]

Yes. 200 EMA on 5 min acts like Sup/Res and magnet. meaning if it is in the vicinity it will go there. If you remember some of charts I always point out the 200 EMA on 5 min chart.Somehow works for me.

Not the answer I was looking for. But wtf now!!

 

[sanju005ind]

Not the answer I was looking for. But wtf now!!

It was also coninciding with the daily R1 and subject to BN breaking above RSI 50.

 

[Riskyman]

It was also coninciding with the daily R1

Hahaha bhai... Just check the trail of my messages and you will understand why im laughing

 

[sanju005ind]

Not the answer I was looking for. But wtf now!!

Please share what you were looking for so that we can also learn.

 

[sanju005ind]

It was also coninciding with the daily R1 and subject to BN breaking above RSI 50.

But honestly If i was trading I would have exited and sat aside when the double top failure occured near Daily PP. Analysing is one thing and trading with conviction with money on the line is on what you analyse especially the kind of swing i was making today. I would not have done it.

 

[sanju005ind]

Usually the projections I analyse the day before works out most of the time.But in the heat of the market trading them sometimes I lose sight of it.
That's my improvement area which i am working upon..

 

[sanju005ind]

Fantastic prediction .. but based on only 200 EMA ?

Yes. 200 EMA on 5 min acts like Sup/Res and magnet. meaning if it is in the vicinity it will go there. If you remember some of charts I always point out the 200 EMA on 5 min chart.Somehow works for me.

 

[sanju005ind]

Yes. 200 EMA on 5 min acts like Sup/Res and magnet. meaning if it is in the vicinity it will go there. If you remember some of charts I always point out the 200 EMA on 5 min chart.Somehow works for me.

Look at crude how much it is fighting near the 200 EMA(green Line)

 

[Riskyman]

Current Nifty PE Ratio on 25-Sep-2018 is 26.91

 

[TraderRavi]

what next ?? BN correction was around 11% but nifty 7-8% , a bounce and correction resumes or back to new Top in nifty ?