General Trading Chat

I used to believe the more experienced you get in trading, more the number of setups you see to trade but
Now I am beginning to realise, the more experienced you get far lesser tradable set ups you see, so yes yawning (as Maneesh once said) is an essential part of successful speculation.
If one is finding it too difficult to stay alert while trading pivots on 5min chart...try moving to a lower timeframe and start scalping in the direction of higher timeframe.for ex,if 5min in rallymode buy all rallies on 1 min chart and vice versa.:D

edit:Be careful about tight small range market though.
 

jassinko

Well-Known Member
generally speaking thers no method which u can say wont hit two consecutive sl 100% of time anything can happen.what should matter is how much u lose in consecutive loss phase compared to what u earn in consecutive win phase.there should be a significiant difference leaning towards the win phase.
My friend.......i absolutely knew this and am not upset of 2 Sls but was trying to figure out whether 1st SL was really hit as acc to strategy....it shud stay above for a minute or two above 41.......it touched 45 and came back....... i treat it as a SL but wanted to know whether all 8dema strategy follower did similar thing ?
 

vivektrader

In persuit of financial independence.
If one is finding it too difficult to stay alert while trading pivots on 5min chart...try moving to a lower timeframe and start scalping in the direction of higher timeframe.for ex,if 5min in rallymode buy all rallies on 1 min chart and vice versa.:D

edit:Be careful about tight small range market though.
Right now I am happy to yawn, scientifically yawning helps the brain to get rid of hypoxia. Hehe
 

vijkris

Learner and Follower
If one is finding it too difficult to stay alert while trading pivots on 5min chart...try moving to a lower timeframe and start scalping in the direction of higher timeframe.for ex,if 5min in rallymode buy all rallies on 1 min chart and vice versa.:D

edit:Be careful about tight small range market though.
saved your post. alongwith collection of other great senior trader's posts. :clap:
 

vijkris

Learner and Follower
Tatsteel is trading above yesterday afternoon range.
your friend IDF gave entry in tatasteel kya?

my friend is still saying sideways, though a possible long entry after +1sd crossed around 11.30..

 

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