Once again Turtle Soup ..

[timepass]

DLF futures bearish turtle soup setup on daily chart. prev high 279.3 on 31 Jan

In my opinion, after three white soldiers, it looks risky to short. I think v should wait for one more day to take confirmation of breakout failure.

I think that with DLF, all the previous pivot highs conformed to turtle sell setup - 3rd Jan, 18th Han and 31st Jan.

 

[jamit_05]

will probably get a good chance to take NF longs today.

 

[moody_man]

Amit, i already see nifty has hit 23.6 retracement ..what are you waiting for to go long ?

 

[jamit_05]

Amit, i already see nifty has hit 23.6 retracement ..what are you waiting for to go long ?

It is below 61.8 Ret... but that is not enough... there has to be a trigger.

 

[jamit_05]

Long trigger coming soon... tentatively near 15.55; Risky but worth it... we are at the lower end of the range.

 

[jamit_05]

Trigger happy !!

Long a few points over 5910.50 SL is a few points lower... will get more clarity once in the trade...

 

[jamit_05]

If we are lucky, price will breakdown first... but fail to sustain and come back up. This will double our profits... lets see... if Thursday wants to be kind to us.

 

[jamit_05]

@anup
Hope u r around to take chances today.

Am all set to take a small long position with a small stop... waiting for soup formation

 

[moody_man]

confirmed ? price broke down and now inching up...

 

[jamit_05]

confirmed ? price broke down and now inching up...

take chance only over 98.05