General Trading Chat

[amitrandive]

A good article to reflect on improving our trading style and method.

Professional trading

 

[timepass]

People who didn't get out of long yday.. must be in ICU now..

some lucky longs, as shown by xray's image, got out at 8422 !!

 

[manishchan]

this thread will be much silent whole day because most of the swing traders got busted.

RIP

This thread has more of intra players. A few smart swing players like ST Da, Sudoku etc must have gotten out yday from long as the trend had changed yday itself. For all you know they might have shorted too and must be doing moon walk dance now..

 

[lemondew]

11 points gained early in the morning cdnt resist. Backtesting it no more trading in this method for now... i guess it would give one -2 rounds of profit then 1 SL hit. I guess it will break highs 1-2 times well but eventually it will fizzle out and hit sl. May be the first higher high would most probably always be scaled in a trending day.

Today morning i shorted 8262 and closed 11 points below. Again 8249 scaled down its now 8237 ... one more win. ..... Will just check out how many wins before it hits SL.

PS: I dont do intraday. this is just for some r and D after 5 pointer.....

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

If the market opens gap up/down, daytrader cannot do anything about it. We have to catch the moves which the market gives during the day.

The market before Friday (2-1-2015) was not trending strongly. It was weak uptrend. On Friday it opened with a gap and the market built on its strength. This is where we look to use 2 bars method and first opportunity came above 9:45 high ( 5 min bars ...at 8425 level in Jan futures) and depending on how we manage this trade, this trade gave good move of 35-40 points)

Use this entry only on days when market is trending strongly. Dont use it everyday .

You continue trading with whatever method you trade, but this method could be an additional tool in a strong market. This is by no means meant to be a stand alone trading system.

Smart_trade

 

[TradeJoker]

this thread will be much silent whole day because most of the swing traders got busted.

Rip

rip ???? :d

 

[manishchan]

People who didn't get out of long yday.. must be in ICU now..

ICU dosnt cm cheap these days :-D

then it will be Vaidh ji.... under the banyan tree, next to the temple, behind goshala in some xyz village.. :lol:

 

[VJAY]

this thread will be much silent whole day because most of the swing traders got busted.

RIP

I don't think so....most of swing traders method (@least my swing BNF) hit SL or SARed yday....

 

[manishchan]

11 points gained early in the morning cdnt resist. Backtesting it no more trading in this method for now... i guess it would give one -2 rounds of profit then 1 SL hit. I guess it will break highs 1-2 times well but eventually it will fizzle out and hit sl. May be the first higher high would most probably always be scaled in a trending day.

Today morning i shorted 8262 and closed 11 points below. Again 8249 scaled down its now 8237 ... one more win. ..... Will just check out how many wins before it hits SL.

PS: I dont do intraday. this is just for some r and D after 5 pointer.....

Hmmm... just curious.... 8264.9 is the low (barring the freak low) and that too happened in the 1st min itself.... after that it never went down below 8264.9... so when did you enter short and when did you get out ?

 

[VJAY]

I don't think so....most of swing traders method (@least my swing BNF) hit SL or SARed yday....

if trading with daily chart then they will be holding longs still ...NF in 315 still in longs ...

 

[lemondew]

I use nifty spot. bazaartrend.... they dont give futures Amibroker configure carne bore hota hai.

Hmmm... just curious.... 8264.9 is the low (barring the freak low) and that too happened in the 1st min itself.... after that it never went down below 8264.9... so when did you enter short and when did you get out ?