General Trading Chat

[wisp]

Just few points for intraday players from my little trading experience as intraday trader

1. R:R will not be there in intraday at most...we have to move as per the setup...say pivot entry then move with pivot if it is range trade just book at 80 % of the previous range..

2. Your trading setup should not hit more the 6 trades of consecutive losses,without being moved to TSL

3. Ambiguity is trading system leads in over trading example entry based on pivot and exit based on candle sticks...net result jumping between trades like monkey

4. More trades you do per day..more likely that your broker will be much more rich, then your account as a whole

5. Don't apply every trading psychology point to intraday, there are more or less for positional one..only few apply for intraday..

6. Backtest a setup for at least 2 years then form a conclusion on MM and Draw down.

7. Intraday moves more or less with traping understand that in full

Awesome list!

No. 3 I was there for a while...Never thought of it the way you have described but that was exactly what I used to do not too long ago...Exit on bar and enter on pivot ...discretionary methods are something, one needs a very strong mind not to lose it and the money

 

[TradeOptions]

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.

Thanks for sharing your views bro.

For most of us Indians, it is hard to imagine, how can some country implement NEGATIVE Interest Rates. We always want more and more interest for our bank deposits. Here even the Fixed Deposit returns look very low to most guys. :lol:

 

[Smart_trade]

Read some misinformed views on RR and if people trade without any thought about RR good luck to them...each to himself.As I will be travelling out of town on weekend,I won't be there for any participation on the issue.

Smart_trade

 

[Singhraja]

Sir please reply on my query on the order flow thread

 

[Pradeep Narayan]

... As I will be travelling out of town on weekend,I won't be there for any participation on the issue.

Smart_trade

Have a good weekend!

 

[Smart_trade]

Sir please reply on my query on the order flow thread

Order flow I am also new and learning,so won't be able to answer questions on order flow....let that thread develop a little more,things will be clear.

Smart_trade

 

[XRAY27]

Read some misinformed views on RR and if people trade without any thought about RR good luck to them...each to himself.As I will be travelling out of town on weekend,I won't be there for any participation on the issue.

Smart_trade

Da !!!! Have a great week end !!! after returning enlighten us on this RR for intra trading

 

[Smart_trade]

Have a great week end !!! after returning enlighten us on this RR for intra trading

Thanks but people have made their minds and my views won't help them change theirs.So cannot enlighten anyone....it is either one appreciates or one does not.

But having no regard for RR is the reason we see day traders book 5 points profit on a trend day and swing traders take 60-70 points risk but chicken out in 30 points up/down moves and book profits of 15-20 points and feel afraid of taking a next trade .

Smart_trade

 

[XRAY27]

Thanks but people have made their minds and my views won't help them change theirs.So cannot enlighten anyone....it is either one appreciates or one does not.

But having no regard for RR is the reason we see day traders book 5 points profit on a trend day and swing traders take 60-70 points risk but chicken out in 30 points up/down moves and book profits of 15-20 points and feel afraid of taking a next trade .

Smart_trade

Da !!! Is this comes under RR or there method...?? ...i'm also restricting my posts on this subject ..

 

[avshake]

Thanks for sharing your views bro.

For most of us Indians, it is hard to imagine, how can some country implement NEGATIVE Interest Rates. We always want more and more interest for our bank deposits. Here even the Fixed Deposit returns look very low to most guys. :lol:

Switzerland has had negative interest rates for almost a year now. If you look at Japan - they have been in deflation over the last 2 decades. So, Japan opting for -ve interest rates "ghee mein aag dalne" jaisa hai.. You should hope that we as Indians never have to see -ve interest rates.

In response of timepass comment - if all countries start depreciating currencies, then it will create a black market for it , simple. Nothing would be gained to them.

Yes, you are spot on about Maruti. Maruti pays a hefty amount in royalties to Japan's Suzuki corporation and as they pay that royalty in JPY - guess what for the same royalty number, Maruti would be paying less in INR, so in turn Maruti's balance sheet would show profit.