General Trading Chat

Scalping...



It can give decent returns when trading futures, yes. But the trades are never satisfactory. One can't afford to have a backup of 15-20 lots. Can do it in equities by spreading the orders.

e.g. if I want to sell Union Bank and my chart tells me sell at 113 SL 115, I can spread sell orders between 112.5 and 114.5, maybe selling 500 qnty at 25 paisa intervals.

But in futures, I have to sell 3000 in one go, and wait for the price to go my way. If I sell at 112.5 and the price goes to 113.25, all my mind sees is a "loss" of 2200 Rupees. That's when one loses sight of all the trading strategies and panics.
True. but's than its the same other way around - greenery also comes in complete bouquet/garden's when it comes with futures

The way I learnt to do that is to enter/exit at Sup/Res and to keep 2% as sacrosanct (By increasing the capital per lot) - and post that having peace of mind
 
True. but's than its the same other way around - greenery also comes in complete bouquet/garden's when it comes with futures

The way I learnt to do that is to enter/exit at Sup/Res and to keep 2% as sacrosanct (By increasing the capital per lot) - and post that having peace of mind
The capital used per lot is pretty neat with bracket orders. For union bank, with a 2Rs. stoploss, the capital needed would be about 7000 rupees.
 

vivektrader

In persuit of financial independence.
The capital used per lot is pretty neat with bracket orders. For union bank, with a 2Rs. stoploss, the capital needed would be about 7000 rupees.
Only problem with bracket order is that you can only enter a position via market order, no SL-L or SL-M orders.
 
Only problem with bracket order is that you can only enter a position via market order, no SL-L or SL-M orders.
You can place a bracket order using LIMIT order, using a market order it becomes a cover order.
 

vijkris

Learner and Follower
If someone's weekend party not started yet, kindly critique if possible :D

my weekend party has not started yet:D
pls don mind, a junior commenting on ur chart.
acc to my microscopic knowledge of price action trade 2 long should have been avoided, as it is said that after a break of trendline, price usually tests the lows.
couldn understand entry/exit of trade 4.(totally my lack of knowledge). maybe hammer triggered the entry.:confused:

thanks
 

arsh22g

Well-Known Member
my weekend party has not started yet:D
pls don mind, a junior commenting on ur chart.
acc to my microscopic knowledge of price action trade 2 long should have been avoided, as it is said that after a break of trendline, price usually tests the lows.
couldn understand entry/exit of trade 4.(totally my lack of knowledge). maybe hammer triggered the entry.:confused:

thanks
I am more junior than you Sirji, and any view is welcome :)

Trade 2 was based on MACD and structure break to the upside, my SL was just taken and price moved up, so Trade 3 was more or less a continuation of Trade 2.

Trade 4 is also based on structure. Price had broken the congestion around 7043, but retraced to take away my TSL. Trend was still up, so was looking for a low risk entry, which was again provided at the structure's congestion line around 7043. Price usually retraces upto 38.2% to 50% in a move, and I usually re-enter at these points if TSL (which is not based on structure highs and lows, like in this case it was BE of addition) gets hit. Price not breaking 38.2% retracement of the move in first 2 bars also gave me a buy signal. SL was below 50% retracement (around 7034) for this long entry (at 7044). This was an aggressive trade though.
 

arsh22g

Well-Known Member
I am more junior than you Sirji, and any view is welcome :)

Trade 2 was based on MACD and structure break to the upside, my SL was just taken and price moved up, so Trade 3 was more or less a continuation of Trade 2.

Trade 4 is also based on structure. Price had broken the congestion around 7043, but retraced to take away my TSL. Trend was still up, so was looking for a low risk entry, which was again provided at the structure's congestion line around 7043. Price usually retraces upto 38.2% to 50% in a move, and I usually re-enter at these points if TSL (which is not based on structure highs and lows, like in this case it was BE of addition) gets hit. Price not breaking 38.2% retracement of the move in first 2 bars also gave me a buy signal. SL was below 50% retracement (around 7034) for this long entry (at 7044). This was an aggressive trade though.
This chart will make it clearer

 
Only problem with bracket order is that you can only enter a position via market order, no SL-L or SL-M orders.
I have tried bracket orders - works great if you catch the trend - given the stop loss - in case of whipsaw capital get's eroded faster - so I prefer to go without bracket order - unless real sure of entry
 

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