Almost a free trade now.

sandeepak 

I happened to notice that you are using continuous contract for Nifty. Which data provider are you using for the same ? I have subscribed to esignal; But in esignal as of today there is no way for 3rd party apps such as NinjaTrader to extract chart data as continuous contract for non-US futures.

@sandeepak

I dont use esignal, so cant tell how to get continuous contract data in NT with that.
I use external feed for Nifty and manually maintain database at EOD.

my friend @edakat uses esignal , perhaps he can help you.

A balancing day is simply good for my decision mostly. There can be 50:50 both way, i can pick reason to go either way. Just like

1) Its re-developing older selling prints - a standard bullish activity.


2) From my traditional MIRZ approach it gives me feeling, once if ever it opens below today's low - downtrend will resume.

Got out from yday long, bulge naturally provide first selling.

I have gone in a comfort zone with trading my instrument where i can look around other things recently.

Hope this does not sound like "hey rush...sky is falling...".......i thought why not to look how a different region looks from my side. So yday night i opened a practice account at TST, i had no intentions or skill yet to go for a combine, but it is a small step to test my visualization on a totally different market, i feel so at this stage. It was a small piece of chart that looked like exactly as MIRZ failure on Nifty that started really.

Some initial 2-3 trades were by mouse hovering accident over T4 DOM........i didnt know it will trade like that. There was no WMA in T4 ( it seems ) so i had to replace it with TMA on chart. I thought it will be totally like newbee who enters first time in stock market and started hooking here and there, but i could not feel that in myself , i thought exactly as i think in NF...and surprisingly and perhaps luckily ES moved as per that.

I have traded this many times. There were many carved stones that tells its weak , have marked them.
One of the most abstract thought is in 5 day value, 3 days are from April Contract and 2 are from March contract, in context of one step larger down bias its high likely to test 5 day Value.

Got out...sellers seems halting for time being.

From one extreme to other....so fast.


Well, i am looking to sell in the region marked. I am not in mood to buy for bulge reaction to limited/truncated upside move. Its probably going to waste time as re-attaining older balance zone ( marked by two arrows ). My plan to sell in marked region is only according to pullback and MA situation which at this time i could visualize...so it may or may not happened like that.....in my trading time. Otherwise i will be observer on side line.

Its smell something different....

Paid the cost of deviating from pre-plan due to impatience.