General Trading Chat

[XRAY27]

Straight trades of 2 hit SL all in long side ,so stopping for the day as my part of MM and TM won't permit ..no trade in swing and positional as if now just SOH

 

[arsh22g]

No trades so far. Guys, what are your trades today ?

I think that the market is waiting for the inflation data.

I tried entering long at open, but price ran away fast from my limit order, so no long trade. Shorted below the 9:40 AM candle on 5-min (circled), entry at 7576. Currently sitting with TSL of 7583. Will see if attraction towards 200 EMA on 5-min and 50 EMA on 15-min happens, i.e. around 7505-7520 zone, else trailing

Also sitting on 7400 puts at 75, bleeding on that position currently.

 

[Smart_trade]

I tried entering long at open, but price ran away fast from my limit order, so no long trade. Shorted below the 9:40 AM candle on 5-min (circled), entry at 7576. Currently sitting with TSL of 7583. Will see if attraction towards 200 EMA on 5-min and 50 EMA on 15-min happens, i.e. around 7505-7520 zone, else trailing

Also sitting on 7400 puts at 75, bleeding on that position currently.

7400 puts must be recent...people are sitting on 7200/7000 and 6800 puts and hoping for a crash for them to make money...time is running against them.

Smart_trade

 

[manish9300]

Current uptrend is a grinding slow uptrend and it has run for 600-700 points already ...so one should be ready for either continuation or reversal...but the market will give confirmation as it gave confirmation of this upmove and we went long similarly on reversal we will go short....but let it show the reversal first.

ST

Sir,where is Sar for short trade now?

 

[arsh22g]

Yes sir, I started entering after 7450.

 

[praveen taneja]

7400 puts must be recent...people are sitting on 7200/7000 and 6800 puts and hoping for a crash for them to make money...time is running against them.

Smart_trade

people sitting on 7300 also bro and no crash needed just 50-70 point enough
Jai Ram JI KI

 

[godfather]

Straight trades of 2 hit SL all in long side ,so stopping for the day as my part of MM and TM won't permit ..no trade in swing and positional as if now just SOH

Xray bro which all position u go long....

 

[Fundootrader]

people sitting on 7300 also bro and no crash needed just 50-70 point enough
Jai Ram JI KI

Depends on when you entered - ST post was for folks who entered when Nifty was at 7300-7400 levels and buyers brought these put's - thinking this is the end my friend

And they are still thinking "7580" is the end my friend - but between these two points - those traders have reached "THE END" due to decay

I'm one of those But I'm banking on rate cut hopes crashing today evening and on Fed Rate hawkish tone this week (confirmed by ECB stance) - which has probability of 70%

Again these are only macros driven views and not technical driven

 

[arsh22g]

Structural support at 7545 and Stoch Osc in oversold on both 5 and 15-min, tightened the TSL to 7556.6, high probability of hit.

 

[manish9300]

Depends on when you entered - ST post was for folks who entered when Nifty was at 7300-7400 levels and buyers brought these put's - thinking this is the end my friend

And they are still thinking "7580" is the end my friend - but between these two points - those traders have reached "THE END" due to decay

I'm one of those But I'm banking on rate cut hopes crashing today evening and on Fed Rate hawkish tone this week (confirmed by ECB stance) - which has probability of 70%

Again these are only macros driven views and not technical driven

ECB QE means weaker euro and thus strong dollar.We need dovish fed than only rally can sustain.Any talk of rate hike will put an end to this rally.After all whole crash is a result of strong dollar policy.