General Trading Chat

[sudoku1]

ST sir, what I admire you for, in addition to your trading genius and humane nature is, you always mistype losers as loosers.....

pls multiply ur admiration several times fr dat thing fr me as i m d god of mistyping here :-D

 

[euclid]

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new direction....is no direction?

 

[RAAMAKANT]

Oh...my spelling mistake...good that you pointed out. and no issues about pointing my mistakes....I commit plenty of them. I have no illusion that I do not commit any mistakes...we all make mistakes don't we ?? Why delete the post...let it be...happy to own up my mistake, will correct from next time.

Smart_trade

" True Greatness consist in being great in little things. "

When peoples are here fighting / rediculing each other upon showing up their mistakes ( be it small or big ), you have shown 'How to accept mistakes gracefully with open mind'.

I have always Respect for you and it's increasing day by day more.

Thank You Sir,
for showing another great way of being sincere and honest to ourselves.

 

[TradeJoker]

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new direction....is no direction?

it indicate, he is watching mahabharath war on TV

 

[Smart_trade]

ST, just a general question out of curiosity :-D

Your posting has reduced in the recent few days - sometimes to just 1 post a day?

On a holiday or something?

No... trading full time during the day....but also busy in too many things these days...diversifying into few non trading,non market activities , setting up something( work for society....not for money) as planning to get into those full time in next 2-3 years.. work still at preliminary stages,let us see how it works out.

Smart_trade

 

[sudoku1]

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new direction....is no direction?

sideways !

 

[Smart_trade]

" True Greatness consist in being great in little things. "

When peoples are here fighting / rediculing each other upon showing up their mistakes ( be it small or big ), you have shown 'How to accept mistakes gracefully with open mind'.

I have always Respect for you and it's increasing day by day more.

Thank You Sir,
for showing another great way of being sincere and honest to ourselves.

Thanks for the kind words, Raamakant.

Far from being unhappy about Euclid pointing out my spelling mastake, I am actually happy to know the mistake I was continuously (though unknowingly) making and was not even aware of it..unless Euclid pointed it out I would not have known the mistake and then how can we improve ?? For improvement, the first step is to accept that we are not perfect and there is scope for improvement ( actually plenty of it in my case )

Smart_trade

 

[manjunnovates]

No... trading full time during the day....but also busy in too many things these days...diversifying into few non trading,non market activities , setting up something( work for society....not for money) as planning to get into those full time in next 2-3 years.. work still at preliminary stages,let us see how it works out.

Smart_trade

Let us know when u start so that we can pitch in

 

[lemondew]

Welcome St. Nice to c ya. One query please can the 2 bar method which was disclosed by you earlier be generalised and used for higher timeframes like hourly,daily etc. Its good at 5 min...

 

[Smart_trade]

Welcome St. Nice to c ya. One query please can the 2 bar method which was disclosed by you earlier be generalised and used for higher timeframes like hourly,daily etc. Its good at 5 min...

2 bars method works great on larger timeframe but I have never used it as a trading system. I always used it for adds in a strong trend during the day. As the trade direction is decided by the trend we are in, 2 bars give add points.

This entry method was born out of necessity. In my day trades, many times I used to catch a morning move and get out once market showed topping signs..then market goes into correction and in the afternoon session starts trending strongly and accelerating in the direction of the trend.This is where I need an entry/add method to capitalise on the strong afternoon move continuing till the end of the day.

The method is based on simple logic and observation that in strongly trending (up or down) the pivot highs and lows dont get broken easily.If the pivots get broken on the other side of the trend, the strength of the trend itself is in question and if we are not in a strong trend, it is better to stay out in choppy markets.

Smart_trade