General Trading Chat

[Smart_trade]

STDa, I had some pretty bad trades in the morning and was saved at the end by the short. Will you please share your throught process in the morning with VP trading. Were there any trades at all in the morning?

Today we opened with a gap down in Friday's afternoon range....such days are choppy till proper set up is established...people make a mistake of rushing into a trade and loose money....

Smart_trade

 

[amitrandive]

Too low volumes to trade

NF 5 min

NF 5 min update

 

[pratapvb]

postional also BD ....could not take out band high

 

[Smart_trade]

STDa, I had some pretty bad trades in the morning and was saved at the end by the short. Will you please share your throught process in the morning with VP trading. Were there any trades at all in the morning?

It is a rule in this method that when you open gap down in previous trading days afternoon range, let new VPL/VPH get defined as such days are difficult days initially as demand supply is adjusting itself....so the correct trade was short below 7493 (VPL)

Smart_trade

 

[vivektrader]

It is a rule in this method that when you open gap down in previous trading days afternoon range, let new VPL/VPH get defined as such days are difficult days initially as demand supply is adjusting itself....so the correct trade was short below 7493 (VPL)

Smart_trade

Sir, the VPL you mentioned is within the morning range, should we discount that?
Thanks

 

[wisp]

Today we opened with a gap down in Friday's afternoon range....such days are choppy till proper set up is established...people make a mistake of rushing into a trade and loose money....

Smart_trade

Da,
Please check if these trades were there (I took a couple more, those were sheer madness, so just putting the sane ones here )

 

[Smart_trade]

Sir, the VPL you mentioned is within the morning range, should we discount that?
Thanks

No it was a properly formed VPL...and upmove failure was visible by that time.

ST

 

[Fundootrader]

Please share your throught process and looking at OI. Do you always watch OI or at specific times?

I look at OI specially when market is sideways and move either way is expected.

What I have observed is (and I post snapshots) that right before a big move - the options data provides a setup/indicator that the move is coming.


Again no technical rules to prove - So options gurus here don't start bashing me for this viewpoint

 

[Smart_trade]

I look at OI specially when market is sideways and move either way is expected.

What I have observed is (and I post snapshots) that right before a big move - the options data provides a setup/indicator that the move is coming.


Again no technical rules to prove - So options gurus here don't start bashing me for this viewpoint

Can you write a detailed post on what the options OI set up takes place before a trend move ? Does not matter if it does not have high technical stuff but simple observations are sometimes pointers to things to come.

Smart_trade

 

[TracerBullet]

After a horrendous previous week playing with stock futures, just traded NF with first position 0.5x of my usual, and traded without a SL. Though saw a draw-down of 25 points (50 points move), but all the bullish signals were not firing, so kept on to the loss (mental SL of 50 points, which meant a 100 point rally), and finally paid off after adding on to positions once market was in my favor..

So, a serious (but expensive) lesson for me....no matter how tempting the set-up looks, always enter less than your usual lots because it helps in keeping very wide SLs, unless all the signals (not just PA) tell you that you are wrong.

this is a dangerous game to play, it worked this time but it gave bad lesson ... Atleast make sure to test this theory for few months on reduced size.
Anyway, Everyone has a diff mindset of managing trades. I am trying to do opp and i think i am finally able to accept small loses when entering trades rather than taking full SL waiting with hope.