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[RAJESHROHRA]

Wow!!! TARGET 2 on sell side hit too..

Here are details of my paper trade:-

Sold NF at 4847 (12.27)
Reasons-
1> LTP confirmed Gann levels
2> LTP below WA at that time
3> DJ Fut looking weak
4> MACD down

Target 1 hit i.e 4832 hit (12.37)
Target 2 hit i.e 4815 hit (12.54)

HOORAY:clapping::clap:

Oh GOD!!
TARGET 3 Hit too i.e 4798 hit as I write(12.57:clapping::clap::thumb::clapping::clap::thumb

Can you help me in understanding the LTP and WA ??? i am new to intraday markek

1) first of all what is LTP and WA and where can i see on chart or from where can i get information about it ...

2) from where can i get the daily buy and sell nifty levels

kindly help me of this

Thanks

 

[AbhiTrades]

I missed something in the previous post..

Since i happen to say tht the third tgts are achieved more often than not, I have to say tht market is having a trend(a trending market).. We need to further test this strategy in rangebound markets... Guys think of trailing SL here.. It will further work wonders..

I agree to your point fully..Even I was thinking this last night to develop a strategy for such type of typical behaviour.. It can give somewhat more profits.. But consider always (purely my view):-
1. Such typical trends dont last for many days (3-7days)
2. We have to be extra careful seeing DJ Fut charts coninously, watching MACD keenly,frequently modifying SL orders

But a Great thought in Bear markets.. Will give profits more often than not
:thumb:

 

[jallanankit]

Abhi TRades..

r u following this thread regularly...

I will initiate further short if Day LOw is broken..

4800 is major support.. Once if it breaks.. LONg downside is expected..

 

[AbhiTrades]

Abhi TRades..

r u following this thread regularly...

I will initiate further short if Day LOw is broken..

4800 is major support.. Once if it breaks.. LONg downside is expected..

Yes, following this thread since many days and papr trading NF since 4 days on Gann strategy,but joined thread today only..
I would say sell only if 4800 is broken convincingly..I say so cuz these major support levels are very "STICKY"..
LTPs look like breaking them many times intraday basis but these major supports pull them back as if some glue on them.. Many times I ve seen this..Thats why they are "MAJOR" supports..

 

[rammmeo]

how much more downside is expected from here

 

[AbhiTrades]

But as a vigilant trader we should be ready for evrything,even a major breakout.. My pre requisites in such levels:-
1> Dont look continously at NF ticks but rather DJF ticks as without it NF wont have the guts to break 4800
Why I say so?? Looking at NF ticks continously at such times will make us prone to believe sometimes that market has breakout suddenly
2.> All the other parameters viz. DJIAF downtrend, their MACD down, OUR MACD down, below current VWAP etc etc.. I mean complete bearish sign..
3> Great guts to face SL being hit

 

[jallanankit]

Dow Fut very very flat.. EUROPE turning RED.... and more RED...
NF trying to go above but bears pulling it fast downwards...

 

[AbhiTrades]

Dow Fut very very flat.. EUROPE turning RED.... and more RED...
NF trying to go above but bears pulling it fast downwards...

Bears want yesterday's recap, bulls are fearful.. This sums up presnt condition..
Otherwise I opine, we have already made bottom..

 

[jallanankit]

Bears want yesterday's recap, bulls are fearful.. This sums up presnt condition..
Otherwise I opine, we have already made bottom..

I would like to quote one thng here..

The next 1 and a half hour today will define the path for next week...

 

[jallanankit]

Besides evything else..

All tgts for short side done..