General Trading Chat

[amitrandive]

@xray bro and manoj bro

Just got ytc course from a friend, it's too lengthy for now

Can you please tell me Really good setups to learn if I want to find some things soon in ytc?

Before going into setups please understand how to define market structure, practice it on your HTF and then only read about setups.

Setups are very simple
In trend
1. PB (Pullback)
2. CPB (Complex Pullback)

Within S/R
3. BPB (Breakout Pullback)
4. BOF (Breakout Failure)
5.TST (Test of Structure)

Where is the effort from your side , my friend?

If you don't understand the setups Manoj has posted how can you understand quickly?

Many people today want a one page "cheat-sheet" for everything super fast without trying to understand the basics.
Its like learning to do an operation without understanding the human anatomy.

There is no substitute for screen experience and discipline.

"KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money. Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that "knowledge is power." It is nothing of the sort! Knowledge is only potential power. It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end."

Napoleon Hill

 

[amitrandive]

Very Essential for Trading

 

[jain.er]

Opinions invited

 

[nifty trade]

Where is the effort from your side , my friend?

If you don't understand the setups Manoj has posted how can you understand quickly?

Many people today want a one page "cheat-sheet" for everything super fast without trying to understand the basics.
Its like learning to do an operation without understanding the human anatomy.

There is no substitute for screen experience and discipline.

"KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money. Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that "knowledge is power." It is nothing of the sort! Knowledge is only potential power. It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end."

Napoleon Hill

Friend amit

Each of us is an individual, i have an issue and I am not able to sell on a positive bias day, when I saw manoj did it, I wanted to know it how he did it.

Also not all books are for everyone, maybe the ytc book is for me or not I don't know yet, but due to my lust of knowing how to trade contra I wanted to see and understand the setup sooner rather than later as even if I read the book it may take a month to reach at the setup point

 

[TradeJoker]

SGX :yahoo:

 

[amitrandive]

I wont be able to explain it properly.
Just in brief you have to find Last wholesale Price, concept used in YTC.
In this case there was breakout above 7900(Range high) and faced resistance above 7917, then it pulled back to 7904 and made another attempt to close above resistance.
However there was no Bull strength while moving up.
Now check 1303 candle low, this is where longs would have exited and shorts entered giving move upto 7892.
So this low will be LWP and we place a limit sell order at this price and expect price to move again from this area as this is where people had taken decision.

For better understanding please read YTC as I am not a good teacher, infact I am still a student.

Friend amit

Each of us is an individual, i have an issue and I am not able to sell on a positive bias day, when I saw manoj did it, I wanted to know it how he did it.

Also not all books are for everyone, maybe the ytc book is for me or not I don't know yet, but due to my lust of knowing how to trade contra I wanted to see and understand the setup sooner rather than later as even if I read the book it may take a month to reach at the setup point

Yes , totally agreed !!!

Everyone has a different view towards the charts and many times we try and impose our perception and views on the charts.

That is the beauty of trading.There are always 3 persons looking and taking action on basis of charts due to their perceptions ,some going long,some shorting and some sitting on sidelines.

In hindsight everything appears crystal clear.

Just posting NF chart of yesterday.

Have put my and Manoj's trade into the chart.

I took the long trade ,but as had already made profits ,did not want to loose them and avoided the short trade as the up move was very strong.


5 Min Charts of NF

 

[nifty trade]

Just go to google...you can find it...there you can copy and paste in your HDD

xray bro google kiya but bob volman book didnt get , any help on this?:thumb:

 

[wisp]

Friend amit

Each of us is an individual, i have an issue and I am not able to sell on a positive bias day, when I saw manoj did it, I wanted to know it how he did it.

Also not all books are for everyone, maybe the ytc book is for me or not I don't know yet, but due to my lust of knowing how to trade contra I wanted to see and understand the setup sooner rather than later as even if I read the book it may take a month to reach at the setup point

How did the gut feel options entry yesterday go bro?

Market is a tough teacher, will teach lessons in due course if we try to short circuit the learning.

 

[XRAY27]

xray bro google kiya but bob volman book didnt get , any help on this?:thumb:

There is no link i think,just buy that from amazon.in...

:thumb::thumb:

 

[nifty trade]

How did the gut feel options entry yesterday go bro?

Market is a tough teacher, will teach lessons in due course if we try to short circuit the learning.

how can i say now , as market is closed ?

however after my buying price didnt go below my price after 5 minutes or so.

the point is we were going in an important event , we must prepare for future to go in an event and know , how do we do that , take position , and how do we feel after that .

there is no short circuit the market , its a long cut , and i feel going in an important event with option i sway better than futures .

i am just trying to learn how to do that