General Trading Chat

[amandeep86]

Why not entry at12.15 candle ..it was break of pivot low ??

Your entry is limit order or market order??

 

[vivektrader]

Why not entry at12.15 candle ..it was break of pivot low ??

Your entry is limit order or market order??

That was break of a minor pivot low with in the opening range, we should enter at break of VPL.

 

[vijkris]

well discussion is going on without chart and is difficult for novice like me to understand.
so nifty chart for reference.

 

[vijkris]

That was break of a minor pivot low with in the opening range, we should enter at break of VPL.

vpl was around 10.30 right? so break of that is ideal entry?
and sl?

 

[vivektrader]

 

[vivektrader]

10.30 is also a VPL, the one I marked is over that, entry at my marked level can have first target at your VPL.

 

[vijkris]

@vivek,
u have read AL-brooks right?
So can u give some pointers abt trend reversal sort of thing we saw today.?
like how to identify etc.
thanks

 

[vikas2131]

For next few days I will be very rarely coming to the thread during trading time ....may drop in 1-2 times when free and in the evening will try to be here for 30-40 min..

Finding that I am spending too much time in forum and postings and being a full time trader my first priority is trading my own positions....I am sure all will understand...

Smart_trade

dnt think ..you talk a lot. but wot ever we get to learn from you..its always great so as u feel sir

 

[vivektrader]

Today's trend reversal is a V reversal, not the usual kind, it happens when the breakdown hits a medium term or strong support where big boys are in agreement that it won't break any further so soon. Also 7200 was a big round number. Such reversals are rare.

 

[sherbaaz]

Today's trend reversal is a V reversal, not the usual kind, it happens when the breakdown hits a medium term or strong support where big boys are in agreement that it won't break any further so soon. Also 7200 was a big round number. Such reversals are rare.

your signature is awesome !.

if you just focus on it u will be highly profitable trader.

regds,
s