Day Trading Futures

[Smart_trade]

Somatung and Oilman,

I know both of you are good persons and real assets of our forum....some misunderstanding seems to have crept in due to communication/english. So ferget the issue /misunderstanding and move ahead.

Smart_trade

 

[amitrandive]

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

Fantastic Smart_Trade Sir.:clap::clap::clap:

Read somewhere
" The trend is our friend until it bends"

Also posting a chart of Trader/Investor psychology.
Many reasons why we trade or counter trade and make losses.

 

[Somatung]

Somatung and Oilman,

I know both of you are good persons and real assets of our forum....some misunderstanding seems to have crept in due to communication/english. So ferget the issue /misunderstanding and move ahead.

Smart_trade

Sir

I deleted my post as Sir Oilman and me had contact per PM. The misunderstanding is cleared and a relaxed weekend is in front of us. Thanks for your kind words and thanks Sir Oilman to clear it in the PM.

Somatung

 

[arcus]

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

Yes, all positional traders (I am a position trader) can keep 6600 as SL and stay long.

 

[dell]

Very Simple Buy above blue arrow's 5 min bar .. and sell below red arrow's 5 min bar

but some time these arrow show by some delay .. i e after 10 min arrow showed up ( but not always sometimes) .. they you have entry/ exit after 10 min

trader_pk , are u trading on basis on arrow's ?
these arrows are repainting in nature ..........
one cannot trade only on basis of arrow's ,
any other inputs to take trade will be welcomed .......

 

[Gaur_Krishna]

Are these charts updated live in real time or some delay?

Regards,
Gaur_Krishna

Yes, all positional traders (I am a position trader) can keep 6600 as SL and stay long.

 

[niftytaurus]

Very Simple Buy above blue arrow's 5 min bar .. and sell below red arrow's 5 min bar

but some time these arrow show by some delay .. i e after 10 min arrow showed up ( but not always sometimes) .. they you have entry/ exit after 10 min

Hi
Thanks for reply..but those arrows are some buy /sell signal...or up/down fractal..I mean on what system/methods those arrows are based on..?
how do you decide on sl or tsl?..or is it SAR syestem?
Thanks

 

[Trader_PK]

Hi
Thanks for reply..but those arrows are some buy /sell signal...or up/down fractal..I mean on what system/methods those arrows are based on..?
how do you decide on sl or tsl?..or is it SAR syestem?
Thanks

It all upto you

I have my own rules .. Like how much lot I will be in, what is stop loss, If stop loss hit then when to reentry and some MM rules too.

So my rules will not help you.. because these made of my psychology .. you have to know your self whats suits you

 

[pratapvb]

It all upto you

I have my own rules .. Like how much lot I will be in, what is stop loss, If stop loss hit then when to reentry and some MM rules too.

So my rules will not help you.. because these made of my psychology .. you have to know your self whats suits you

if possible you could share (you have already shared your AFL) your entry / exit / re-entry criteira....also if on bar / pvt etc......the others could then use that as a basis and then adjust as per their psych....this is because what you have is already tested for +ve expectancy so using that as a starting basis would be good for somebody who is looking to trade similar chart

 

[niftytaurus]

It all upto you

I have my own rules .. Like how much lot I will be in, what is stop loss, If stop loss hit then when to reentry and some MM rules too.

So my rules will not help you.. because these made of my psychology .. you have to know your self whats suits you

Hi
Thanks for your prompt reply
please reply 1 que also....but those arrows are some buy /sell signal...or up/down fractal..I mean on what system/methods those arrows are based on..?
thanks