Wednesday, 7 September 2016

Nifty Future 07092016
















Yesterday it trended the whole day without any consolidation.  Today the consolidation was expected and it did actually consolidate creating a barb wire.  Looking at the overall trend, momentum and likely consolidation, cannot we buy at the level as marked without waiting for confirmation? Think about it.

I sold the 8900PE at 81.5 with 5 points of SL and could come out with 5 points of profit at end despite no favorable price movement after the entry.

9 comments:

  1. so today there was not any intraday trading opporunity sir?

    ReplyDelete
    Replies
    1. It traded in 35 point range today whole day. The only trade setup we got was BOF of LOD towards the end which unfortunately did not work.
      URD

      Delete
  2. sir if u include the banknifty also it will be reaaly nice as banknifty show greater momentum

    ReplyDelete
    Replies
    1. Due to time constraints I post only Nifty future charts here though I trade sometimes Bank Nifty and options.

      URD

      Delete
  3. It is not possible. Are you a trader God or what???

    ReplyDelete
    Replies
    1. Anon

      For all the nonbelievers here is the answer,
      http://imgur.com/3wrVUZQ

      Join me for the mentoring program. Trading success will not be an illusion for you anymore.
      See this is how traders trade after learning the trading properly through vigorous mentoring.
      http://imgur.com/a/dDndi

      URD

      Delete
  4. Respected Daveji,
    I have started to study blog/books of you & SMART Rajesh. Thanks for such a rich stuff.

    ReplyDelete
    Replies
    1. Mitesh

      Go through it at your own pace and comfort. Don't ever hurry. Take your own time to learn and understand this ultimate method to day trade.
      Wish you all the best!
      URD

      Delete
  5. hi Mitesh give me smart rajesh blog id

    ReplyDelete