General Trading Chat

[TraderRavi]

nifty in RED but USDINR also in red

 

[hames]

Correction started on 9th day of sequential set up as expected.Nice downmove in daytrade and swing both...anyone trading on the chart must have made money today unless he is trying to be trading against it. Good day so far.

Smart_trade

Hi ST

for Swing trading what would have been entry levels for short & exit.

 

[Smart_trade]

Da, sometimes though it goes beyond 9 days I thought, marked by stars in the boxed area in the chart..

Once we know that in 1-2 days market is likely to make a short term top, we are ready to go short once trade triggers on our system....I am not asking to go short on 9 th and 10 th day in anticipation of downmove...but when downmove starts we can take short trade with higher level of confidence.

I have found that all the analysis is fine but the price has to be in tune with the analysis....if analysis saying top and market is going up...I wont go short unless the market action confirms my analysis. Price is the KING.

Smart_trade

 

[333]

Nifty High was 1 Feb ,7600.45...... then we drag towards 6825.8, Now march series acting same we made high 7583.70 , will we drag again? 7600 looks big hurdle two times attempt failed......

 

[Smart_trade]

Hi ST

for Swing trading what would have been entry levels for short & exit.

Swing traders are short from 7530-20 . They are still short.

Smart_trade

 

[vikas2131]

nifty in RED but USDINR also in red

Divergence

 

[iwillwin]

Usdinr will have movement post fed event as it's already moved quite a bit from 67 odd levels

 

[trade_beginner]

We can see surprise corrective fall to 7,330 and 7,300 by 15th March

Will it go down further ? or we can see recovery from now ?

 

[wisp]

Once we know that in 1-2 days market is likely to make a short term top, we are ready to go short once trade triggers on our system....I am not asking to go short on 9 th and 10 th day in anticipation of downmove...but when downmove starts we can take short trade with higher level of confidence.

I have found that all the analysis is fine but the price has to be in tune with the analysis....if analysis saying top and market is going up...I wont go short unless the market action confirms my analysis. Price is the KING.

Smart_trade

Thank you Da. This has always been a mystery for me, now very clear.

 

[333]

Will it go down further ? or we can see recovery from now ?

Lets come down your expected level.......