General Trading Chat

[rjshem]

RJ sir are there any conditions in IDF where opening trade is reversed soon after taking position?
Thanks

Vivek st already answered it pretty clearly nothing to add.

 

[vivektrader]

Vivek st already answered it pretty clearly nothing to add.

Couldn't understand the second part of the reply, I have again requested him to clarify, so was asking you too.
Thanks

 

[rjshem]

Saint sir himself changed it from IDF to ITF, i think ITF is intermittent flow, not sure, but all same method, definitely not an easy one to trade, needs a LOT (thousand charts may be ) of screen time and learning of every nuance, before jumping in. Otherwise, high probability of finger burning may happen for a few years just my feel.

Wisp bhai yes it seems very difficult till u master rally decline minor pivots visual pivots also major pivots but once u master all this its a very good intraday method provided u have good mm and trade management skills. To master above a good amount of effort is necessary and its not impossible to do it.

 

[rjshem]

Couldn't understand the second part of the reply, I have again requested him to clarify, so was asking you too.
Thanks

Can u be more specific not getting u exactly.

 

[vivektrader]

Can u be more specific not getting u exactly.

Posting again sir,
Sir, by opening bar rejection, do you mean that first bar inspite of gap opening in yesterday's direction closes inside the body high of Yesterday's range, and we should enter low of that bar (if yesterday was up)?<br />
<br />
"Stop and reverse if we break a VP without having any MP in between then it is a case of stop and reverse"<br />
Sir I could not understand this statement of yours(apologize for being naive), if you could elucidate further.<br />
Thanks<br />
Regards always.

 

[rjshem]

This second part is not very clear tome also i was refering to first part where we short below first bar

 

[vivektrader]

Posting again sir,
Sir, by opening bar rejection, do you mean that first bar inspite of gap opening in yesterday's direction closes inside the body high of Yesterday's range, and we should enter low of that bar (if yesterday was up)?<br />
<br />
"Stop and reverse if we break a VP without having any MP in between then it is a case of stop and reverse"<br />
Sir I could not understand this statement of yours(apologize for being naive), if you could elucidate further.<br />
Thanks<br />
Regards always.

Is this correct interpretation of first statement?

 

[rjshem]

Is this correct interpretation of first statement?

We have a big rally yesterday afternoon then today first bar gap up closes red into range we short below that red bar this saint sir himself has said manytimes also st also said it clearly.

 

[vivektrader]

We have a big rally yesterday afternoon then today first bar gap up closes red into range we short below that red bar this saint sir himself has said manytimes also st also said it clearly.

What about this "stop and reverse if we break a VP without having an mp in between", couldn't understand this.

 

[rjshem]

What about this "stop and reverse if we break a VP without having an mp in between", couldn't understand this.

That i already said not clear to me what st was referring to.so wait for st reply.