General Trading Chat

[pareshR]

Not a paper trade, I have taken that as a real trade...This trade is for 1 month hold....trend change I am catching on swing trade long....this ratio spread I will not disturb so soon...either NF should go to 7700 or atleast 15 days over in the month.

I have taken multiple lots in ratio spread....so I will start cashing 7400 puts...but not inclined to do so so early in the series.

Smart_trade

still our members asking " paper trade or actual trades!!!

 

[Fundootrader]

ST da

What instruments do traders with medium to large capital - take two categories - 30L capital and second 70L capital - trade.

Such traders - do they trade intraday primarily or swing - or what would be ratio : 30:70 intra:swing which these large traders would trade.

I do understand that traders do diversify to other investment avenues - like real estate/mutual fund etc or invest in multibaggers.

But what's of interest is post what point of capital does it becomes difficult to manage day/swing trading

 

[Fundootrader]

This one.

http://www.traderji.com/advanced-trading-strategies/48912-real-magical-strategy-you.html#post514074

Seems like that looks good - it seems a no buy year as per that

Good for traders through, bad for investors

 

[eku]

NF today

above VAH (yellow in lower pane) so +ve bias

then shortly it went above +1SD creating +ve trend mode ....so SL as per trend trailing

and then it never went below 15min ama

abv 15AMA..support taking so..small scalp of 10pnts is there..

IF we take all trades as per 15AMA,it gives 100-250 pnts(considering range and strng mkt).Drawdown is very less but it's been taken care if followed proper MM.

any1 struggling can backtest it and test live with 1 lot for next 20days..you'll never regret it..

Happy Weekend

 

[copypasteaee]

IF we take all trades as per 15AMA,it gives 100-250 pnts(considering range and strng mkt).Drawdown is very less but it's been taken care if followed proper MM.

any1 struggling can backtest it and test live with 1 lot for next 20days..you'll never regret it..

Happy Weekend

15 ama on what time frame? What is ama?

 

[Tavnaz]

Da,

For Intraday perspective only , When we say large profits does it mean 3R or above ??Or 2 R is also sufficent.

So when you say R do you always choose setup based on R:R,if so that is wrong dear friend.
I see you and many other talk about RR from time to time.
Many guys here keep talking about 3 R or 2 R as if market owes them something,i am not being a contrarian but i think deciding RR (especially reward)first hand only makes for poor trading,sure we select only the best setups with chance of giving good returns but( i and i think all)sometimes and especially psychologically compromised traders pick trades based on RR.
Take for example bottom pickers people would rather pick the bottom then trade with the trend by trading breakdown(bottom break) because it(bottom picking) is good RR psychologically.
I say all this cause i was compelled to quote your post cause just yesterday i was way out of sync with market but closed shop before a bigger damage and i was fading the intraday trend,guess why that happened, i judged sells had better RR,i never do that,but i did it,it was not good.
i am not going against conventional wisdom here that every trade is only a probability but some trades really are 100 percent wrong like trading against the more dominant trend and some are really 100 percent right,
say Nifty is falling 150 points,the probabilty of more drop is unfathomable but i bet it would be way stronger signal to sell ,then buy so it is against the common RR mythology,clearly there RR is bust if you choose to sell,when you are selling the bottom there is always the thought of RR,and so people end up buying instead of selling.
My whole point being just because some setup looks bad RR wise doesn't mean it would naturally hit your S/l.
I have on ocassions traded market open Bo with 0.5 Reward to 1 Risk and i have won statistically greater number of time without any Drawdown.
I just wanna give my opinion about the whole RR discussion,it is really very messed up thing,RR alone cant dictate making money or not,and market wont care what Reward you want for a certain risk.
And i think winning traders are more often at a great level of market understanding that there setup selection makes for a good reward intrinsically not that setup was decided based on RR alone,and that winning traders have more control over there Risk then the Reward,When to Risk it and how much to Risk it and stuff like that.
i hope you guys stopping talking about RR all the time.
Good RR setup isn't always the best setup.

God bless you
;-)

 

[vijkris]

IF we take all trades as per 15AMA,it gives 100-250 pnts(considering range and strng mkt).Drawdown is very less but it's been taken care if followed proper MM.

any1 struggling can backtest it and test live with 1 lot for next 20days..you'll never regret it..

Happy Weekend

hi, eku ji, according to u,
how to identify sideways using ama/ama bands.?
and how to identify reversal?

just asking bcos Monday onwards wil use it..

 

[wisp]

So when you say R do you always choose setup based on R:R,if so that is wrong dear friend.
I see you and many other talk about RR from time to time.
Many guys here keep talking about 3 R or 2 R as if market owes them something,i am not being a contrarian but i think deciding RR (especially reward)first hand only makes for poor trading,sure we select only the best setups with chance of giving good returns but( i and i think all)sometimes and especially psychologically compromised traders pick trades based on RR.
Take for example bottom pickers people would rather pick the bottom then trade with the trend by trading breakdown(bottom break) because it(bottom picking) is good RR psychologically.
I say all this cause i was compelled to quote your post cause just yesterday i was way out of sync with market but closed shop before a bigger damage and i was fading the intraday trend,guess why that happened, i judged sells had better RR,i never do that,but i did it,it was not good.
i am not going against conventional wisdom here that every trade is only a probability but some trades really are 100 percent wrong like trading against the more dominant trend and some are really 100 percent right,
say Nifty is falling 150 points,the probabilty of more drop is unfathomable but i bet it would be way stronger signal to sell ,then buy so it is against the common RR mythology,clearly there RR is bust if you choose to sell,when you are selling the bottom there is always the thought of RR,and so people end up buying instead of selling.
My whole point being just because some setup looks bad RR wise doesn't mean it would naturally hit your S/l.
I have on ocassions traded market open Bo with 0.5 Reward to 1 Risk and i have won statistically greater number of time without any Drawdown.
I just wanna give my opinion about the whole RR discussion,it is really very messed up thing,RR alone cant dictate making money or not,and market wont care what Reward you want for a certain risk.
And i think winning traders are more often at a great level of market understanding that there setup selection makes for a good reward intrinsically not that setup was decided based on RR alone,and that winning traders have more control over there Risk then the Reward,When to Risk it and how much to Risk it and stuff like that.
i hope you guys stopping talking about RR all the time.
Good RR setup isn't always the best setup.

God bless you
;-)

Very nice post Tavnaz, thank you. It was great to read that, haven't seen it put this way anywhere else, but it is a fact.

 

[avshake]

BOJ adopts negative rates but stops short of expanding QQE programme beyond current ¥80tn annual asset programme

BOJ accepting negative interest rates means - Japan as a country wants to make spending money more beneficial for their people. As interest rates become negative, holding Japanese Yen becomes less and less profitable and next investors will start switching to other currencies. This will appreciate other country currencies for e.g. USD or EUR or INR. Look at USDJPY today - it had a big shoot up today. Exporting from Japan will eventually become cheaper and profitable but importing will be "not so profitable".

Now, is there a co-relation of this with NIFTY jump today? Yes , might be if some FIIs think that Yen depreciation (which is for sure) will in turn bring up INR.

This is what I think, I can be wrong in interpreting today's NIFTY jump.

 

[amitrandive]

Bad day today , 4 stops hit.
Overtraded and lost the long trades at the end.