General Trading Chat

[sherbaaz]

Reason for entry and exit please. How did you differentiate that this was a HOD and not a pullback from a swing high?

long was bear trap and short was bull trap. i look for how much space price has to move in the desired direction and exit there depending how price reach to the space level.
reading price action - tell me whether its going to be HOD and not a pull back. even simple candlesticks like a shooting star at previous HOD tells significant thing but that only one part of the equation what is the background how price has reached etc are other variables.

regds

 

[blackberry]

Yahoo +2SD failure .hope all you made money.I am off today out of station

 

[arsh22g]

long was bear trap and short was bull trap. i look for how much space price has to move in the desired direction and exit there depending how price reach to the space level.
reading price action - tell me whether its going to be HOD and not a pull back. even simple candlesticks like a shooting star at previous HOD tells significant thing but that only one part of the equation what is the background how price has reached etc are other variables.

regds

Hmm interesting, so you are basically pointing out :

1) Pace of rise
2) Candle stick pattern
3) Gap available to move

Does this always work for you?

As for me, I didn't take any trade between the opening candle, and a long after HOD breakout failed and short after LOD breakout isn't moving much, infact again in loss after added positions.

 

[sherbaaz]

Hmm interesting, so you are basically pointing out :

1) Pace of rise
2) Candle stick pattern
3) Gap available to move

Does this always work for you?

As for me, I didn't take any trade between the opening candle, and a long after HOD breakout failed and short after LOD breakout isn't moving much, infact again in loss after added positions.

i dont normally trades breakout my trading is to buy in temp weakness and sell in temp strength. depending on the background and context etc.
candlesticks pattern i dont use the way its been written in books I have some other ways of reading them for me each candle is telling me 1) demand and supply equation 2) strength of bulls or bears.
by gap i dont mean only the opening gap i look for support levels to exit short and ret to exit long and it depends how price is reaching to these levels. there are certain price action ways i look for S/R.

Chart reading is where i focus using price action only in intra and on eod with volume. I have good knowledge of it and have evolved over the years method which suits my personality as a trader.

you must be aware tht nothing works all the time. but I make money most of the time. I am not looking for home runs. my way of approaching intraday is to look for low risk entries and 20-25 points trade at times i end up with 15 points only but at EOD i am in good profits.

regds,
s

 

[arsh22g]

i dont normally trades breakout my trading is to buy in temp weakness and sell in temp strength. depending on the background and context etc.
candlesticks pattern i dont use the way its been written in books I have some other ways of reading them for me each candle is telling me 1) demand and supply equation 2) strength of bulls or bears.
by gap i dont mean only the opening gap i look for support levels to exit short and ret to exit long and it depends how price is reaching to these levels. there are certain price action ways i look for S/R.

Chart reading is where i focus using price action only in intra and on eod with volume. I have good knowledge of it and have evolved over the years method which suits my personality as a trader.

you must be aware tht nothing works all the time. but I make money most of the time. I am not looking for home runs. my way of approaching intraday is to look for low risk entries and 20-25 points trade at times i end up with 15 points only but at EOD i am in good profits.

regds,
s

Cool bro, whatever works for you:thumb:

On a side note, psychology is an important aspect of a trader and it is built by our experiences and background. It will be interesting to know the backgrounds of people here.

If anyone is interested in sharing, please share

As for me, I was a management consultant (<2 years) before, so method and reasoning flow is important, I can't jump arbitrarily into decisions.

 

[vikas2131]

more sell signals...we might have 50 point downfall by the end of season...

 

[Prataap_2013]

Chinese markets little bit in red now

 

[praveen taneja]

more sell signals...we might have 50 point downfall by the end of season...

7:rofl:0:rofl:7:rofl:0:rofl: YOU MEAN BHAI JAI RAM JI KI

 

[arsh22g]

Hmm interesting, so you are basically pointing out :

1) Pace of rise
2) Candle stick pattern
3) Gap available to move

Does this always work for you?

As for me, I didn't take any trade between the opening candle, and a long after HOD breakout failed and short after LOD breakout isn't moving much, infact again in loss after added positions.

Exited short after third addition, so I won't be SOH now (if it turned out to be a second consecutive loss) ....phew

 

[vikas2131]

europe will open -ve...neeche jana to paaka lag raha ha...7070 aa hi jayega aisa lag raha ha