General Trading Chat

[arsh22g]

Just out of curiosity, if anyone follows biz channels, is Ashu Dutt appearing again?

 

[niftytraps]

Hmm...yeah, my TSL hit, but re-entered at 7552.2.

There was a support and announcement event also, so decided to make the position less risky.

Arsh ,

What was the logic behind entering shorts for your entry?

 

[timepass]

Just out of curiosity, if anyone follows biz channels, is Ashu Dutt appearing again?

Bloomberg UTV

 

[manish9300]

AN aggressive long entry is possible in 5 min NF on break of 7555.I dont take such entries so still SOH.

Stoploss hit for aggressive entry.Thats y i dont take such entries.They tend to give 2 to 3 failure trades in a row in sideways market.It works well only if trend is strong.
Still RR is good for such entries.Its just a matter of personal choice between higher rr low win rate or lower rr high win rate.

St sir early exit with aggressive entry can be an interesting setup.Will backtest this in the evening.

 

[arsh22g]

Arsh ,

What was the logic behind entering shorts for your entry?

First entry at 7576 below break of 9:40AM bar on 5-min chart. Price was clearly rejected at 7593, and was in a range between 7578 and 7588 for next three bars. Just shorted below the break of this range. There was a volume spike too when this range broke.

Second entry at 7552 just continuation of the trend. My SL for first trade was hit, but candles looked again bearish, so entered when price was rejected at 7559 and 12:00PM candle was broken on 5-min.

PS: Out of second trade at 7536.55 because structural support at 7531 wasn't broken.

 

[arsh22g]

Bloomberg UTV

Yeah, saw his photo on BTVI Twitter feed. I worked with him for raising PE funds for a hospital chain.

Highly knowledgeable but very aggressive/egoistic person.

 

[manish9300]

Arsh ,

What was the logic behind entering shorts for your entry?

Aggressive counter trend short is active since morning.Pin bar and price rejection of previous week high in 5 min NF.Gap close is first target.

 

[traderniftybank]

Will BNF fill the opening gap ?

Now less possibility as moving towards 15400 likely

 

[niftytraps]

First entry at 7576 below break of 9:40AM bar on 5-min chart. Price was clearly rejected at 7593, and was in a range between 7578 and 7588 for next three bars. Just shorted below the break of this range. There was a volume spike too when this range broke.

Second entry at 7552 just continuation of the trend. My SL for first trade was hit, but candles looked again bearish, so entered when price was rejected at 7559 and 12:00PM candle was broken on 5-min.

PS: Out of second trade at 7536.55 because structural support at 7531 wasn't broken.

Your first trade was counter trend and against two strong bars in 5min . What gave you confident to enter there without any failure at days high etc? As resistance was still high at 7600 or 7600 +

Thanks

 

[arsh22g]

Your first trade was counter trend and against two strong bars in 5min . What gave you confident to enter there without any failure at days high etc? As resistance was still high at 7600 or 7600 +

Thanks

Volume spike mainly, along with Stoch crossover. Risk was also low with SL at 7597, I wanted to enter at 7580, but price ran away and could enter at 7576.