General Trading Chat

[rahulmalik]

Most of EU down by more than 0.5%. In comparison our Nifty doing well holding in the green.

BN and Nifty OI is bullish, and clearly indicating 7900 levels. However, BNF and NF premiums just took a dive. BNF went to 10 points discount, and NF at par with spot Looks like a sharp move coming on Monday.

VIX just spiked up.

 

[Riskyman]

That's where things go wrong for majority of the traders - TF does MATTER. Because everything, SL, RR, position sizing etc, hinges on it. A lower TF's TSL becomes higher TF's entry point. Give you example, on 8th sept around 3.15pm, I added to NF position at 7719 because my TF was showing some gas is still left in the move. Later here on this thread I saw someone posted 3 or 5 min chart showing his TSL hit around the same price. Next morning it was gap up and I sold all at the opening bell at 7834.

I haven't done any trade since then.

No No you misunderstood me. What I was trying to say was that with respect to price, TF doesnt matter. In the sense that if price is moving down, it will reflect across all time frames and hence will be visible clearly. I wasnt trying to say that TF doesnt matter to a "trader". And of course each trader trading different TF will have different stops based on his risk and method.

 

[kaalchakrasamay]

firework only below 7777 power of tukka level

Ha ha
PT bro, NF diving to your levels !!!!!!!

 

[Dax Devil]

No No you misunderstood me. What I was trying to say was that with respect to price, TF doesnt matter. In the sense that if price is moving down, it will reflect across all time frames and hence will be visible clearly. I wasnt trying to say that TF doesnt matter to a "trader". And of course each trader trading different TF will have different stops based on his risk and method.

Agree, down moving price would reflect on all TFs. But qualitatively it would different. On intraday charts it would show as full blown down move with multiple LH and LL. On higher TF it may be just a blip of healthy retracement, that could be the harbinger of sharp upmove.

 

[Dax Devil]

BN and Nifty OI is bullish, and clearly indicating 7900 levels. However, BNF and NF premiums just took a dive. BNF went to 10 points discount, and NF at par with spot Looks like a sharp move coming on Monday.

VIX just spiked up.

Sharp moves are preceded by certain telltale signs. They ain't there yet. I have been waiting for them since 9th sept... And meanwhile I have watched 'Vicky Donor', one of my few favorite hindi movies, 3 times since then.

 

[HEM]

That's where things go wrong for majority of the traders - TF does MATTER. Because everything, SL, RR, position sizing etc, hinges on it. A lower TF's TSL becomes higher TF's entry point. Give you example, on 8th sept around 3.15pm, I added to NF position at 7719 because my TF was showing some gas is still left in the move. Later here on this thread I saw someone posted 3 or 5 min chart showing his TSL hit around the same price. Next morning it was gap up and I sold all at the opening bell at 7834.

I haven't done any trade since then.

Dear Dax Davil,

On 8 sep post you are talking about rrrajguru post ( http://www.traderji.com/general-tra...368-general-trading-chat-506.html#post1102362)....... but his TSL was hit for only intraday not for swing/positional trade.



HEM

 

[wisp]

Naagnath just given 8 pts ...stressful day !!!! :annoyed:

Xray,
Do you take Big Round No, Round No, etc. into account while entering or exiting?

 

[Riskyman]

A spike coming now? Looks like

 

[XRAY27]

Xray,
Do you take Big Round No, Round No, etc. into account while entering or exiting?

"NO"........ Number games !!!!

 

[Dax Devil]

Dear Dax Davil,

On 8 sep post you are talking about rrrajguru post ( http://www.traderji.com/general-tra...368-general-trading-chat-506.html#post1102362)....... but his TSL was hit for intraday not for swing/positional trade.



HEM

Thanks for the info. Yes, that was the post. And for the intraday trading, it was tight but logical TSL as the real solid pivot preceding it was 70 points below. Suicidal for intraday trader.