General Trading Chat

[oilman5]

By the time we realise what kind of trading day it is, - its almost over. So I personally believe, we should stick to the trading system which has been tested, tried and proven by our own selves.

Many yr back , i have defined - a day first . Up -Dn -non trend -volatile.
As day trader - this skill is must . Range bound = av .8 ATR , after crossing 1 ATR ,i defined up or Dn, - at start , nobody knows , but soon with Order flow ,Early reversal sign,Holding of Imp pivot - we can guess (proactively) the DAY,- quick swing up/dn = volatility
Normally within 15min u must be able to define it ,next is REFINING. When it starts to move up - i dont know how far it shall move, but very easily OR with strong thrust if its moving then i know -HOLDING winner now gives more money.
Pl understand ,we may start with a bias, in that our psychology must be able to change it ,as per terms of market. On the contrary if we have NO BIAS , individual day is different (new opportunity , flexible to follow price action )- then easily we learn to bet RIGHT side with higher ODD. Now some FIB trader use a bias on particular RETRACEMENT VALUE- some uses particular SUPPORT pt, some use AFTER GAP FILL directional bias , many uses X-over bias , some trader uses stockastic reversal - but U MUST NOT BE BLOCKED ,GET OUT EARLY IF PROVEN WRONG BY PRICE, but hold more time when u gripped it right.

dilemma is traders worst enemy - in Efficient Market learn to act quickly

 

[Smart_trade]

ST bro

this ERL concept is dicey.for me atleast

as per my understanding , the ERL of 10.38 bar high was not activated ? can you please elaborate a bit on this how to use it better

10:38 bar high is not ERL...ERL was from yesterdays 2:56 bar body low...that ERL is properly activated.Plus we had VPH with higher pivot low.

ST

 

[nifty trade]

10:38 bar high is not ERL...ERL was from yesterdays 2:56 bar body low...that ERL is properly activated.

ST

Ok

Please clear the confusion.

Should we use ERL of 3 minute chart for trading purpose on 3 minute or 15 minutes ERL for 3 minute trading time frame?

 

[XRAY27]

XRAY bro,
Please post your 1 min chart with trades for today if you can.

I could not make up my mind today, so did not take any trades on the long side, took one short below 11.09 and got stopped out, small loss.

1 min is too cumbersome to post wisp Bro !!! anyways you know the mistake..just prepare for tomorrow.. posted D and S in Demand and supply thread please check this..

 

[wisp]

1 min is too cumbersome to post wisp Bro !!! anyways you know the mistake..just prepare for tomorrow.. posted D and S in Demand and supply thread please check this..

Thanks a LOT bro. One quick question. Would you have shorted 11.12 one minute pivot.

 

[rahulmalik]

Very Strange OI built up in BN Sep.

Highest CE COI - 16800
Highest PE COI - 17000

This is contradictory to each other. Any interpretations ?

 

[Smart_trade]

Ok

Please clear the confusion.

Should we use ERL of 3 minute chart for trading purpose on 3 minute or 15 minutes ERL for 3 minute trading time frame?

If trading 3 min chart, then ERL on 3 min....if trading 15 min chart then ERL on 15 min ....

Go with collective evidence....pivot above ERL, VPH break with higher minor PL should change the bias to long unless market does something to the contrary.

ST

 

[XRAY27]

Thanks a LOT bro. One quick question. Would you have shorted 11.12 one minute pivot.

Why you shorted bhai !!! you are just moving from demand area no supply area near by and neither failed a supply area... this is a case of blunder...there is only buy at pull back no question of shorting !!!!

HTF turned bullish (30 MIN) LTF (5 MIN )is bullish ..no question of short /s in TTF

 

[Smart_trade]

I think people are trying to learn and digest too many methods and concepts simultaneously and that is creating confusion. Own thinking on the method basics and the reasons behind any action will help all more than just posting charts with marking. Follow any method but understand the logic and the reasons for action.

Smart_trade

 

[XRAY27]

I think people are trying to learn and digest too many methods and concepts simultaneously and that is creating confusion. Own thinking on the method basics and the reasons behind any action will help all more than just posting charts with marking. Follow any method but understand the logic and the reasons for action.

Smart_trade

Dada !!!

Perfect !!! :lol::lol: they are dancing between my method and saint sir stuff simultaneously ...