General Trading Chat

[manojborle]

FROM TODAY I WILL USE 200 MA TO AVOID TOO MANY TRADES. I WILL TAKE ALL LONG TRADES ABOVE 200 MA AND TAKE ALL SHORT TRADES BELOW 200 MA. THUS I WILL BE ABLE TO REDUCE TOO MANY NOS OF TRADES. TF 5 MIN CHART. NEED EXPERT's COMMENTS. PLS.......1 OR 2 TRADES ARE OK.....BUT WHEN MY ONE TRADE GOES AGAINST ME I TAKE TOO MANY TRADES TO MAKE UP THE LOSSES......AND THE FINAL RESULT IS LOSS AND LOSS.......

Instead of using 200 ma, Just use ATP.
Above ATP only long trades and below ATP only Short trades.
Price trading near ATP no trades at all. Let it make a move away from ATP and then look for trade in the direction of move.

 

[rahulmalik]

IMO - any quick moves early morning, will initiate a trade as per ATP, it might need some practice / backtesting.

Alternatively, I also recommend using continous ATP (as MA), can work as u suggested.

Instead of using 200 ma, Just use ATP.
Above ATP only long trades and below ATP only Short trades.
Price trading near ATP no trades at all. Let it make a move away from ATP and then look for trade in the direction of move.

 

[wisp]

FROM TODAY I WILL USE 200 MA TO AVOID TOO MANY TRADES. I WILL TAKE ALL LONG TRADES ABOVE 200 MA AND TAKE ALL SHORT TRADES BELOW 200 MA. THUS I WILL BE ABLE TO REDUCE TOO MANY NOS OF TRADES. TF 5 MIN CHART. NEED EXPERT's COMMENTS. PLS.......1 OR 2 TRADES ARE OK.....BUT WHEN MY ONE TRADE GOES AGAINST ME I TAKE TOO MANY TRADES TO MAKE UP THE LOSSES......AND THE FINAL RESULT IS LOSS AND LOSS.......

Bro, I think this is part of maturing as a trader. I would suggest this, please dont change your trading method, try to perfect your system, psychology, etc. Psychology will work itself out once your account starts turning green. Accept loss days as part of the game, this will avoid over trading. As Ziad Masri says take it as a golf game you win some holes, you lose some, but as long as you took the perfect shot (according to you), you will win in the end. Focus on putting the perfect dot every time on a long line of dots (trades) and dont worry about individual losses/days. Once you see your account in green, greener, greenest, overtrading will automatically stop. Another suggestion from Ziad Masri is have no expectations of the result when you enter a trade or a day, let the market play out as it pleases, you just engage the market according to your rules of engagement, if your system is good, your account will prove it to you. I think over trading is a result of expectations not turning out the way they were expected to.

 

[manojborle]

Instead of using 200 ma, Just use ATP.
Above ATP only long trades and below ATP only Short trades.
Price trading near ATP no trades at all. Let it make a move away from ATP and then look for trade in the direction of move.

IMO - any quick moves early morning, will initiate a trade as per ATP, it might need some practice / backtesting.

Alternatively, I also recommend using continous ATP (as MA), can work as u suggested.

 

[TraderRavi]

CPI/IIP @ 5:30 PM today.

WPI @ 12:00 on 14th jan.

 

[amitrandive]

CPI/IIP @ 5:30 PM today.

WPI @ 12:00 on 14th jan.

TCS results today

 

[XRAY27]

Inside day ..prepare for FAKEY or BO !!!

NIFTY -50 EOD CHART

Yesterday action..

Today will be crucial ...

 

[timepass]

BNF, NF : open = High so far

 

[Blackhole]

India vix is not down, it went up today, closed at 18.5075; yesterday's close was 17.80

hmmm..... ie BIG BOYS are still expecting good volatility in current series.

 

[iwillwin]

Bn open = high