General Trading Chat

[Smart_trade]

Originally Posted by Smart_trade View Post
There is a possibility that we have some kind of short term bottom in place...we have to see how the market behaves in second half..

Smart_trade
ST

ST da,
pls explain through a chart.
regards
vishnu_1990v[/QUOTE]

If the market in oversold zone opens with a gap up and holds the high prices for first 60 min and then market starts going higher than the high of first 60 min , it is an indication that the short term bottom is in place and we will build on the gap open further gains.

There was a chance that in the afternoon session bears will use high levels to sell but as it did not happen, the bulls had no threat till the end.

Smart_trade

 

[Smart_trade]

yes.. i'm wrong in prediction but catched 7900CE and won the match, as usual gone to new high after hitting my TSL :mad"

You always trade options and not futures ? Your posts show trades in options.

ST

 

[XRAY27]

You always trade options and not futures ? Your posts show trades in options.

ST

yes da!!! only in last week of expiry...fixed to option/s and will not trade fut...

my problem is i miss trades in positional and in intra trading if i trade both fut and options ...i'm not able to catch both at right time so fixed to fut for 3 weeks and last week for options

 

[niftytaurus]

You always trade options and not futures ? Your posts show trades in options.

ST

Dear St Da
Please put some light on intraday option trading ( plain buying options)..?
what are the high probability setups can we use for option trading intraday?as option needs a fast move on one direction to get good profit?
thanks

 

[Smart_trade]

Dear St Da
Please put some light on intraday option trading ( plain buying options)..?
what are the high probability setups can we use for option trading intraday?as option needs a fast move on one direction to get good profit?
thanks

As a general rule, buy options when the price move is accelerating .Buy Options when the market is breaking out/breaking down from the consolidation /distribution.We should get out of long positions when price move starts loosing speed /momentum.

Will post a chart showing the above in the evening.

Smart_trade

 

[vishnu_1990v]

ST da,
pls explain through a chart.
regards
vishnu_1990v

If the market in oversold zone opens with a gap up and holds the high prices for first 60 min and then market starts going higher than the high of first 60 min , it is an indication that the short term bottom is in place and we will build on the gap open further gains.

There was a chance that in the afternoon session bears will use high levels to sell but as it did not happen, the bulls had no threat till the end.

Smart_trade[/QUOTE]

ST da,
If you have traded today , please tell where your entry would have been.
I was not able to see any pvts for entry after the sideways breakout from morning till afternoon.

Can we use aggressive pvts in such situations.
regards,
vishnu_1990v

 

[ROCKSTAR55]

My story as FTT started in 2007 aug 27 th , i used to do positional trading and that bull market given a secured life ,i exited on 16 jan 2008 all my positions basing on rising wedge confirmation ..

This is the period which i experienced the power technical analysis...my heart filled with joy on those great person/s who spent there life for charts...and served us with some finest works on TA particularly on chart patterns

There after i started my second leg as intra day trader...after hick ups for 6 months...started earning...from both intra and positional...

2011 was period of transition to FNO..which was very painful for me...for 8 months...

what my experience telling is trader always earns with trends it may bull or bear market..

X ray sir completed his 8 years as FTT today.Best luck Sir for your trading career.

 

[XRAY27]

X ray sir completed his 8 years as FTT today.Best luck Sir for your trading career.

Thank you very much bro !!!!

yes!!!! today is day i first entered stock market 8 years back...

 

[Smart_trade]

If the market in oversold zone opens with a gap up and holds the high prices for first 60 min and then market starts going higher than the high of first 60 min , it is an indication that the short term bottom is in place and we will build on the gap open further gains.

There was a chance that in the afternoon session bears will use high levels to sell but as it did not happen, the bulls had no threat till the end.

Smart_trade

ST da,
If you have traded today , please tell where your entry would have been.
I was not able to see any pvts for entry after the sideways breakout from morning till afternoon.

Can we use aggressive pvts in such situations.
regards,
vishnu_1990v[/QUOTE]

I follow a different defination of pivots...also I trade on 3 min charts. So for me there were pivots today.

Use sideways consolidation and breakout to buy. The method is for our guidence. We should never be slaves of the system. If the market is going up or down then we must buy/sell...use sideways consolidations, 2 bars method,aggressive pivots....anything to buy.

The method includes most of the possibilities but it cannot include all 100 % of the possibilities which the market throws at us and that is why we need to use our judgement. In such cases I use my best judgement and take an entry at the best possible point and then keep a 15-20 points stoploss.

I find many saying they did not get an entry on their system though the market went up by 100 points. I dont trade that way.We should be in command of the system and not its slave.But every trader may have different views on following the system too rigidly and I dont want to get into arguments on this issue...each to his own.So if there is no entry, then dont take a trade or use something else.

Smart_trade

 

[jain.er]

Can some please review today's trade?

Is the short trade right? considering it was agaist trend.

Could I have gone long earlier than this?