General Trading Chat

[vikas2131]

Japan market in -ve and it was up more than 1 percent...seems to me it has failed once again at black monday low...

 

[Verde]

sab log gayab, until direction is clear:annoyed:

 

[arsh22g]

Took a counter short at 7593.3, based on price rejection at HOD (5-min), MACD crossover (5-min) and Stoch crossover (5-min and 15-min), breakeven TSL now, might see NF 7525 if NS goes below 7550.

Bleeding heavily on positional 7400 PEs, 11 trading days to go....

Fib level around 7560 showing support, got out of short at 7564.3

 

[traderniftybank]

@ arsh
not 11 trading days but 9 trading days including today

 

[arsh22g]

@ arsh
not 11 trading days but 9 trading days including today

Yes, thanks for correction. Didn't know about holidays next week.

 

[vivektrader]

"The next candle" approach (for newbies only like me) i.e. entering the trade on the candle next to trigger candle. If a long trade is triggered as per system entering long at the top of trigger candle(after trigger candle is completed), mirror for short. This way failures and sideways are covered.
Pros. You would not board a wrong bus.
Con. You may miss the bus altogether or you SL may be higher, but its better to miss the bus than to be 'run over' by it.

In gap openings wait for at least 3 five minute candles to form (let the 'poor pivot' form, or at least an inside bar) then decide the direction and hop over.
"Paath yaad kar ke sunaane se khud bhi yaad rehta hai"

 

[arsh22g]

Based on structure, another shorting opportunity may be there around 7580 (with tight SL, say 10 points), iff the rise to 7580 is with low volume.

 

[Rehab]

Based on structure, another shorting opportunity may be there around 7580 (with tight SL, say 10 points), iff the rise to 7580 is with low volume.

7580 is a vwap..so possible

 

[praveen taneja]

7600 de de baba

 

[TraderRavi]

Max Pain 7400
as per healthraj excel