General Trading Chat

[timepass]

double line resistence from earlier high not present day .this for xray amitrandive and all the support resistance trading masters here very nice classic example.
........................... image not displaying some probs anyway posted link

 

[vivektrader]

Traded counter trend with ERL for the first time (successfully).
Chart is open for corrections though, I traded as per my understanding.

 

[jain.er]

Need help with this:

I bought VEDL @ 87 and trailed my SL to 87.25 below MPL, and got taken out right at the low of the candle out of a potential good trade.

What canc I do to prevent such accidents? or is there a remedy post such an incident.

 

[arsh22g]

Need help with this:

I bought VEDL @ 87 and trailed my SL to 87.25 below MPL, and got taken out right at the low of the candle out of a potential good trade.

What canc I do to prevent such accidents? or is there a remedy post such an incident.

Used to happen to me quite frequently. But after I started being more generous in gap between pivot low and SL/TSL, it has reduced quite a bit. e.g. For NF, I put SL 5-6 points away from PL/PH, and if there is a round number (say multiple of 5), keep SL 3 points away from that as well.

I do this to prevent being SL hunted, but in your case, price didn't make HH after taking your SL. So yours was probably not the case of SL hunting, just a structure reversal and you would have anyways been taken out after price reversed from a LH later. I guess it couldn't have been prevented unless you book your position at some target.

 

[sherwinstocks]

Any dummy trading site for Commodity like nse pathsala. i need to do live testing

Cheers
:thumb:

 

[vivektrader]

Need help with this:

I bought VEDL @ 87 and trailed my SL to 87.25 below MPL, and got taken out right at the low of the candle out of a potential good trade.

What canc I do to prevent such accidents? or is there a remedy post such an incident.

................

Used to happen to me quite frequently. But after I started being more generous in gap between pivot low and SL/TSL, it has reduced quite a bit. e.g. For NF, I put SL 5-6 points away from PL/PH, and if there is a round number (say multiple of 5), keep SL 3 points away from that as well.

I do this to prevent being SL hunted, but in your case, price didn't make HH after taking your SL. So yours was probably not the case of SL hunting, just a structure reversal and you would have anyways been taken out after price reversed from a LH later. I guess it couldn't have been prevented unless you book your position at some target.

 

[jain.er]

Used to happen to me quite frequently. But after I started being more generous in gap between pivot low and SL/TSL, it has reduced quite a bit. e.g. For NF, I put SL 5-6 points away from PL/PH, and if there is a round number (say multiple of 5), keep SL 3 points away from that as well.

I do this to prevent being SL hunted, but in your case, price didn't make HH after taking your SL. So yours was probably not the case of SL hunting, just a structure reversal and you would have anyways been taken out after price reversed from a LH later. I guess it couldn't have been prevented unless you book your position at some target.

My bad

The trade was taken off much before that. Hammer around 87.25

 

[ankur07090]

Started trading in nifty from this Monday. After two days stays in green and today I loss due to range bound market and also discipline...
Hows your day guys...?
Can someone please post successful trade....... Dil baitha ja raha hai

 

[Rehab]

Started trading in nifty from this Monday. After two days stays in green and today I loss due to range bound market and also discipline...
Hows your day guys...?
Can someone please post successful trade....... Dil baitha ja raha hai

same here bhai ankur.

yeh 07090 ka hai? 07pm to 09 pm..milne ka samay hai ka daakter babu

 

[ankur07090]

same here bhai ankur.

yeh 07090 ka hai? 07pm to 09 pm..milne ka samay hai ka daakter babu

College ka roll number tha.........