General Trading Chat

[pratapvb]

gapped below -2SD 2day and now afer sideways it is above -2SD2 ... now all down moves taking support at -2SD2 and -1SD of day ... if BOs to up side above +1SD and 15min ama could see pb to -1SD2

support and BO as expected ...review pt for longs whether to continue to hold or not is now at -1SD2

 

[Trader_PK]

Friday is coming around...another 100 point rally ???

i am not predictor ...no one can say what where is will go.....but for me short will be trade...I feel soon market will resume downward movement

 

[vikas2131]

i am not predictor ...no one can say what where is will go.....but for me short will be trade...I feel soon market will resume downward movement

well no follow in Europe today is not a good sign for shorts...

 

[Trader_PK]

well no follow in Europe today is not a good sign for shorts...

Advances - 220 Declines - 1317 Unchanged - 250 Total - 1787

 

[iwillwin]

Bajaj finance rewarded for good results

 

[arsh22g]

Today turned out to be a real bad day trading individual stock futures. High volatility and couldn't catch any of the small trends that were there.

I guess it's back to just NF from now on

 

[vivektrader]

Yes arsh, so a trader has to continuously think what he can do to take a trade on small stops and make much larger profits out of them.....this thinking is much more profitable than systems jumping.....and it can be done...

There was a belief that swing trades need larger stops, overnight gaps...but there are ways to overcome these and trader has to think in those terms....

Smart_trade

ST sir I think my query got buried , otherwise a gentle reminder post#32575
Thanks

 

[pratapvb]

gapped below -2SD 2day and now afer sideways it is above -2SD2 ... now all down moves taking support at -2SD2 and -1SD of day ... if BOs to up side above +1SD and 15min ama could see pb to -1SD2

support and BO as expected ...review pt for longs whether to continue to hold or not is now at -1SD2

almost reached -1SD2 which is currently at 7435 ... now to see if resumes trend of fails.

 

[vikas2131]

Advances - 220 Declines - 1317 Unchanged - 250 Total - 1787

getting recovered...

 

[amitrandive]

Today turned out to be a real bad day trading individual stock futures. High volatility and couldn't catch any of the small trends that were there.

I guess it's back to just NF from now on

Guess , most of us have learnt it the hard way.

After , a huge rally or decline usually the market takes a breather.
On such days its better to preserve our capital and sit outside instead of forcing trades which are not there and taking losses.