General Trading Chat

[TraderRavi]

worst move of introducing 50 strike options , spoiled movement near expiry @#@@@3#@###$##:annoyed:

 

[pakatil]

2.30 PM coming........Like last two days Super Action Time....??

 

[timepass]

Market between -2 SD and + 2SD VWAP the whole day...poora sideways day so far.

Smart_trade

Unionbank has a 2Rs. range so far.. kya dhandha karega trader

Used to have an ATR of 7 Rs.

 

[vikas2131]

why maruti is so weak these days(apart from currency appreaction) ...anybody knows???

 

[timepass]

2.30 PM coming........Like last two days Super Action Time....??

Last week's closing was 7510, so will we see a bear attack ??

 

[iwillwin]

Sales numbers not improving
May move when pay commission recommendation implemented or good monsoon

 

[TradeJoker]

Ab dekho bhayya

 

[arsh22g]

Arsh,

Would you pls put your entry exit logic with charts today evening. i took entries near you though late, but couldnt book expecting big move down.BE Trades and some minor profits.. What PA strategies you use to book profits when we are looking for strong move

Hey, I don't think I am that good at trading yet, haven't broken even in the first year. But still, posting the logic here.

Trade 1: Short after rejection at yesterday's structure around 7560, got a fill at 7545 with initial SL at 7573, which got covered by mistake at 7532 (put limit instead of SLM while trailing). Since thesis for the trade hadn't changed, shorted again at 7540 after the bounceback from 200EMA on 5-min. But this turned out to be wrong and hit SL at 7573, which was above another structural level from yesterday.

Trade 2: Short at 7567.5 after price got rejected at the top and broke below a local range. Initial SL 7583. But 200EMA couldn't be broken again and got stopped at 7557.5.

Trade 3 : Another price rejection and another local structure break below 7575. Got a fill at 7575.1 in the small pullback. Initial SL 7593 was trailed to breakeven at 7572.1 after the big red bar post Europe open. Then just trailed 10-points after every 20 point move. But rejection from 200 EMA again suggested another pullback, so tightened my TSL quickly from 7565.1 to 7545.1.

Marked on the chart below.

 

[trade_beginner]

For me it looks like nifty shorting opportunity, black friday, unlikely to sustain

 

[Fundootrader]

For me it looks like nifty shorting opportunity, black friday, unlikely to sustain

New base being formed @ 7400/7500 PE - and 7700 CE - Price Action using OI Chain doesn't indicate short opportunity