General Trading Chat

[eku]

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:d

 

[vikas2131]

http://thelogicalindian.com/news/attention-rbi-admits-printing-faulty-rs-1000-currency-notes/

so much carelessness

 

[Smart_trade]

On system there is no short as of now as we are above VPH ...but market is so weak that every bounce is getting sold....

ST

 

[TraderRavi]

Ravi Bhai, what system do you trade? no entry for me in this beautiful fall, so just enjoying the visuals for now

catch the bottom, blow the top , or blow the ledger . lol just kidding bro .
there are 100's of ways of making money in the market. sell the weakness/buy the strength I follow.

 

[arsh22g]

Markets turning bearish on intra day, NIKKEI 175 points down from 300 points up. S&P holding on to 1850 level, high probability of it breaking.

Got greedy and moved my limit from 7305 to 7250, anticipating a break in 7300. S&P bounced from 1850 and my TSL got hit with just 15 points gain.
That was a departure from plan and bad trading psychology :annoyed:

 

[wisp]

On system there is no short as of now as we are above VPH ...but market is so weak that every bounce is getting sold....

ST

Thanks so much Da.

 

[amandeep86]

Few things I follow are as under :

1) Don't trade all the gaps.Trade 1st or 2nd gap.After third or fourth gap it is generally time for the move to end or go sideways.

2) Make sure that we have an extended move earlier so that the current move is likely to extend to some extent.

3) I have never used this observation as a stand-alone trading system.I have always used it to decide to hold the positions or not.So I have no idea how it will do as a system.I don't recommend it to be used as a system but one can incorporate it in the system with other subsystems to confirm the strength of the move.

4) It works better if the move is a breakout / breakdown from congestion or after a breakaway gap.

Smart_trade

St da,

Thanks for your reply ,could not understand the highlighted part.

Please explain "extended move earlier" phrase

 

[wisp]

ST Da,

Are these markings correct for mps? Red arrow is VPH

 

[Smart_trade]

Asian markets not holding their gains, FMCG starting their downmove, this upmove will be very fragile if it holds.

ST

 

[pratapvb]

for me that point was change to look for short

2dayvwap resistance
-1SD day resistance
yday high failure

additional bonus is that the bar has become red also