General Trading Chat

[manishchan]

aite everyone.. today was fun in NF... Hope all enjoyed. see u tomorrow.. ba bye.. enjoy the evening !!

 

[deneb]

TP beats SG............. Now PT in TP's sights.

 

[lemondew]

ST,
had 2 winners using 2bar system. Not a trending day....
I had 2 14 point scalps. 14 point is 700 from investment of 13500 or 5 %.

I took the candle at 1:10 at 8397. And it really came back. Good that I didnt wait for 25+ points otherwise the SL would have been hit.

I again saw more entries at 8381 at 14:30 and it would have again given me 15 points. Again wait for 25 points I would be waiting for tomorrow.

Its a good entry system but I cant survive on 12- 15 points. 1 SL hit and it would eat my 1 winner as futures taxes are 2-4 points and I SL = 7-9 points. Doing futures wouldnt be good unless a 25 point win min....I think.

Again tomorrow short below 8365 might give me 15 points.....

How does 1 get 25 points + from this

How much does this give. I guess this gives on an average 25-30 points. Or 1 old nifty(50) lot of 32000 gives 1250 or about 4 %. Considering intraday leverage 13500 gives 1250 or 9% . Thats good deal.... Not sure if this can give more than 10% capital in 1 shot or 45- 50 point moves....

 

[RAAMAKANT]

How does 1 get 25 points + from this...

Though it's not routed directly to me
but as per my very little knowledge about PA.....

 

[Somatung]

Though it's not routed directly to me
but as per my very little knowledge about PA.....

Perfect setup and an other perfect setup. Holy moses, what a perfect setup. :lol:

Take care

 

[lemondew]

Thx for the reply. Just wanted to know does a reversal from previous pivot high always be strong. I shorted at 14:20 because it had come down by a good 45 points from days high and believed the short term trend changed at the point where u show I wasnt sure whether it would go up or down......

Though it's not routed directly to me
but as per my very little knowledge about PA.....

 

[niftychartreader]

GIVE ME RED :lol:

Its all red in international markets, more so in European markets

 

[RAAMAKANT]

Thx for the reply. Just wanted to know does a reversal from previous pivot high always be strong. I shorted at 14:20 because it had come down by a good 45 points from days high and believed the short term trend changed at the point where u show I wasnt sure whether it would go up or down......

Not always, infact no need to be always.
Trading is a business of probabilities, nothing is sure in market. We just need to find out most suitable, favourable and low risk probability and trade according that. Rest all depends upon market.

 

[sudoku1]

GIVE ME RED :lol:

Its all red in international markets, more so in European markets

try Everest ka TIKHALAL fr breakfast 2day :-D

 

[lemondew]

One more for ST,

friday trending day. It again gave 15-20 points. But missed out on the real move in the morning. The first opportunity was at 8370 but nifty started the day at 8275.

Thanks waiting for your comments

ST,
had 2 winners using 2bar system. Not a trending day....
I had 2 14 point scalps. 14 point is 700 from investment of 13500 or 5 %.

I took the candle at 1:10 at 8397. And it really came back. Good that I didnt wait for 25+ points otherwise the SL would have been hit.

I again saw more entries at 8381 at 14:30 and it would have again given me 15 points. Again wait for 25 points I would be waiting for tomorrow.

Its a good entry system but I cant survive on 12- 15 points. 1 SL hit and it would eat my 1 winner as futures taxes are 2-4 points and I SL = 7-9 points. Doing futures wouldnt be good unless a 25 point win min....I think.

Again tomorrow short below 8365 might give me 15 points.....