General Trading Chat

[Smart_trade]

Da,
Would you trade the lower degree trend? Any specific circumstances when you will not?

Specific circumstances is when we are very much below the Visual ERL of the higher trend and the lower degree trend is comprising of small up/down moves, it is most likely to fail pretty soon and the larger degree downtrend will most likely re-surface taking the market down.This is where traders get trapped.The smaller degree visual uptrend lacks strength to go above Visual ERL .

But if we are close to Visual ERL then more chances of smaller degree trend to convert itself into higher degree trend reversal....

Smart_trade

 

[rahulmalik]

SGX Nifty at 7385.....so nifty seems to have done good bye to 7500 level.

ST

I am holdings longs (calls) and market showing 7300

ST ji, what's your take as of today ? now nifty will resist 7500 / 7600 ?

 

[Smart_trade]

I am holdings longs (calls) and market showing 7300

ST ji, what's your take as of today ? now nifty will resist 7500 / 7600 ?

Yes but after finishing its business on the downside....in the next leg up 7500/7600 is very much likely...but the down move in my analysis will last for more than 2 weeks.

Smart_trade

 

[Smart_trade]

The bear phase also can have some very sharp rallies. So a rally is possible anytime. We wont have 15 days of market going down every day, it will be up/down/up but the overall direction is likely to be down.Nifty spent good amount of time in 7500-7600 zone so on its way up, the market will find a resistance in 7500-7600 zone .

But market can prove me totally wrong, it does so quite often.

Smart_trade

 

[vikas2131]

The bear phase also can have some very sharp rallies. So a rally is possible anytime. We wont have 15 days of market going down every day, it will be up/down/up but the overall direction is likely to be down.

But market can prove me totally wrong, it does so quite often.

Smart_trade

Sir, bear phase always has sharp rallies. just there are more no of down days than up days so direction remains down...I personally feel.. fed wont give up so easily.. QE is coming ..The only question is, would that be enough ???

 

[Smart_trade]

Sir, bear phase always has sharp rallies. just there are more no of down days than up days so directions remain down...I personally feel.. fed wont give up so easily.. QE is coming ..The only question is, would that be enough ???

Yes...hope that we get one soon and rahulmallik can get out with minimum damage...it pains a trader's heart if anyone loses money because we have been there many times...wishing good luck to him.

ST

 

[augubhai]

People will hardly ever post their losing trades. That's how it is.

I find it amusing that people are just so relieved that they have finally made a winning trade that they want to post it and admire it

So, the days when you don't find a post with a profitable trade log, just assume it has been a losing day for them

Just think of it - winners win so often that they really don't make a big deal of it everytime they win.

I object to such a general statement

I have 8500+ posts on this forum, and about 80% of them are live posts of my losing trades.

Please don't assume that all people are sane. :annoyed:

 

[TraderRavi]

I object to such a general statement

I have 8500+ posts on this forum, and about 80% of them are live posts of my losing trades.

Please don't assume that all people are sane. :annoyed:

you are right augubhai , m your fan

 

[TradeJoker]

you are right augubhai , m your fan

Then u r huge fan of me

 

[Wishmaster]

I object to such a general statement

I have 8500+ posts on this forum, and about 80% of them are live posts of my losing trades.

Please don't assume that all people are sane. :annoyed:

My first post in losing ,so I am Leading ,100% losser