General Trading Chat

[Rehab]

Sunder Chart hai..Thanks

 

[Rehab]

NF

 

[fish]

Vijkris,Rehab,how you guys trade this Inside Bar?

 

[vijkris]

Vijkris,Rehab,how you guys trade this Inside Bar?

if more than 1 bar is inside bar , that too around imp res/sup lines, means reversal more likely.
this z my understanding..

 

[manish9300]

St sir , please give your view on marking of the VPs and if its correct to say that trend changed at 4 ??

edit: After staring this for some time i just realised that i didnt entered correctly.Correct entry would have been over bar that close beyond sideways vp 2 and 3.There is no close over vp 3 and there is a close over vp 2 but low of that bar is not taken out!!!Dang.Missed two good trading opportunities.

 

[Rehab]

Dada,you consider 5TF,3TF or 1TF for such quick scalps?

and how to find out initially that its a vp trade day or vwap scalp day??

 

[Smart_trade]

St sir , please give your view on marking of the VPs.

Marking of VPs look ok.But you are making a same mistake which most people do.In a totally sideways day you are looking for a trend change considering small break of 3 by pivot 4 .These are false breaks and market fell back in the range immediately confirming sideways.These false breaks are to suck the trend traders into buy mode and hitting the stop losses.

ST

 

[ankur07090]

and how to find out initially that its a vp trade day or vwap scalp day??

I think ST sir said earlier that start assuming sideways day and if shows trend in VWAP band then switch to trending method like IDF........ As most of days are sideways days.

 

[Smart_trade]

and how to find out initially that its a vp trade day or vwap scalp day??

If it was a trend day,yesterday's low should have broken and market should have not come back in the range.Market is not making any progress on downside, it is not reversing on the upside means we have a sideways day at hand.

ST

 

[rjshem]

Bhai, I don't trade nifty yet, I trade any of five in my list, tatamotors , Axis bank, HDFC, icici and tatasteel. I am still learning the method, not profitable consistently.
Just focusing on one method that's it.

Post ur trades regularly get corrected on mistakes and trade consistently with proper risk and trade management consistency in profits will come sooner.no long wait required.