General Trading Chat

[pratapvb]

NF 3min

 

[arsh22g]

One should have faith in his system....yesterday many people felt very bad that pivot method caught only one trade of 20 points profit and did not catch the morning fall...but today it caught the entire upmove....hope all caught that and not feeling too sorry for following the system..... Silence in the thread is worrying today...

Smart_trade

Pivot method caught the upmove beautifully, though I went contrarian later and gave away almost half the points. Well, that's market

PS : This is first major losing trade (others were scratch/~10 point loss) since I started experimenting with S&P levels. Here too, I moved my SL from usual 30 to 20 points, and just hit it. 30 point SL level still not hit yet.

 

[Fundootrader]

Are we in visual downtrend now within the larger visual uptrend ?

 

[wisp]

Pivot method caught the upmove beautifully, though I went contrarian later and gave away almost half the points. Well, that's market

PS : This is first major losing trade (others were scratch/~10 point loss) since I started experimenting with S&P levels. Here too, I moved my SL from usual 30 to 20 points, and just hit it. 30 point SL level still not hit yet.

Are you trading multiple systems?

 

[Vipul_84]

When we should switch over to next month Sir? Before how many day's left for expiry?

Sukhani's buy was for daytrading...position trade he is long in Feb 7400 puts.

Smart_trade

 

[Smart_trade]

When we should switch over to next month Sir? Before how many day's left for expiry?

Tuesday/Wednessday next week.

ST

 

[pareshR]

One should have faith in his system....yesterday many people felt very bad that pivot method caught only one trade of 20 points profit and did not catch the morning fall...but today it caught the entire upmove....hope all caught that and not feeling too sorry for following the system..... Silence in the thread is worrying today...

Smart_trade

most of traders are searching for Magic or Holy Grail which will lead the desired results and will never cause any loss to them, as ST sir said one should have faith in his system

ST sir and Pratap Sir have different systems may be its's not suitable for all of us..

 

[arsh22g]

Are you trading multiple systems?

PA only, but have started basing my price levels on S&P/FTSE rather than NF/NS from Monday on an experimental basis, to reduce my SL hit rate and catch moves which might not be visible in NF/NS.

 

[Vipul_84]

Sir you are long at what levels? Is it as per 4 hrs system or VPH of intraday pivot system?

Yes Vikas long in swing..

ST

 

[Vipul_84]

Yes sir, Even 10% profits per month, if compounded can generate great wealth in long run....

No one wants to fund day traders till he becomes successful and after becoming successful he does not need funding...he has his own funds which he can multiply.

But seriously one can fund daytraders if they have 6-12 months track record of consistant profits.....it will have a good success rate than other start ups...this record should show no erratic trades...no MM violation and 5-15 % profits per month.

Smart_trade