General Trading Chat

[blackberry]

@ST sir,



What would be appropriate SL for swing trade.10-15 points SL will work or some more room should be given.

 

[Smart_trade]

@ST sir,



What would be appropriate SL for swing trade.10-15 points SL will work or some more room should be given.

If you are asking for Nifty Future,10-15 points is too less in swing trade.Stops typically are 30-35 points away but when the trade goes in favour we are looking to make 150-200-250 points from it .So Reward to Risk ratio is good.

When we take a swing position, on that day one has to be careful. If the market closes above our sell level, then we close the positions and take fresh positions next day or atleast protect with a hedge. Once the market moves 40-45 points in favour, then the trailing stops come to either breakeven or small profit levels.

Smart_trade

 

[Smart_trade]

Another way of taking swing trades with small stops is keep a stoploss of a mph ( on 3 min chart ) above the sell level so that stops are small, but then we should be prepared to re-enter if after hitting our stops the market goes below our level.

Smart_trade

 

[kaalchakrasamay]

Anyone looking for a gap up open :lol:
OR
Upmove (may be wild) after flat/gapdown open


only a wild guess

 

[nitingosavi]

Anyone looking for a gap up open :lol:
OR
Upmove (may be wild) after flat/gapdown open


only a wild guess

yes... flat to little gap down and up-up-up I guess.

 

[rahulmalik]

Anyone looking for a gap up open :lol:
OR
Upmove (may be wild) after flat/gapdown open


only a wild guess

Europe -3.5%

Non stop selling in SPX

 

[kaalchakrasamay]

Europe -3.5%

Non stop selling in SPX

Yes, Europe and US market are in red, but both these markets have their own concern, particularly European market (which is in deep red). (It takes no time to take a U-turn for US markets.)
Secondly, I agree, these factors dampen the sentiments of our market as well. Though our market follow them but do not follow them blindly.

Further, I posted, what I saw in the charts and as usual, I may be wrong :lol:

 

[TraderRavi]

NF 7850 bacha lena rami ji

7800 bhi nahi bachne wala lag raha hai , yellen inverted rally started early kya ? 10/12 days to rate decision.

 

[XRAY27]

MAX PAIN

Nifty:8000 and Bank Nifty:17400

 

[XRAY27]

Weekly charts are descending Broadening wedge in making...but no confirmation on upside break out..Beauty of this pattern is we will have upside surprises also once there is confirmation of BO..downside is of grinding nature...

Demand and supply Zone inHTF