Day Trading Stocks & Futures

[moneymanager1980]

Time to take a contra trade in NF with SL below 12000.

risky though

 

[Pradeep Narayan]

I sold too early!!!

 

[cinderblock]

30 point SL for a probable swing trade is okay.

 

[Swift.trader]

Time to take a contra trade in NF with SL below 12000.

Its risky, Bears are in driving seat today and 11976 is under risk of being broken. If bears manage to break through 12000 then a new lower low on daily charts breaking 11976 is possible tomorrow. It was a good run since last october.

 

[trader.trends]

Century range on NF, more to come?

 

[vikas2131]

Century range on NF, more to come?

Expecting 3200 on S&P 500 so we could touch 11900 tomorrow.

 

[vikas2131]

Most options buy side traders should do reverse of their trading.. may give better results.. buy calls after a rally in hope for a bigger move & puts after already a fall in hope of a crash is what usually happens.. instead try reverse..buy near support after a fall & vice versa .

ya one time you may get stopped when bigger move comes, but they dont come that often..

 

[Swift.trader]

11976 is monthly low as well, will it break tomorrow

 

[moneymanager1980]

11976 is monthly low as well, will it break tomorrow

is it 11993 close basis .. intra 11930 ?

 

[vikas2131]

is it 11993 close basis .. intra 11930 ?

Monthly low is around 11800. Am i missing something ?