General Trading Chat

if considered clear pivots today,the whole day was SOH.

but vwap/ama system gave 4-5 trades as per my understanding and it gives daily 4-5 trades.
so I am confused,ST Dada,pls help here.

Is it really wise to take 4-5 trades in NF,just 7-8 points of scalps?
Let me share my view on this -
Part 1 is theoretical where you have not really traded the system -
1. Breakeven point for NF 1 lot is about 2 points so assuming you gain 8 points in your winners you will actually have 6 points and your losers will have 2 points added to them. So your winners should have at least 4 points more than your losers to get a R:R of 1:1, in other words if your average winner is 8 points your average loser should be less than 4 points else its a negative R:R system.

Above is in theory so looks doable but lets see what actually happens-
1. Backtesting of discretionary shows very high success rate and we assume that in real trading also we will get this much success rate. Implementing a discretionary method is a skill which needs systematic elimination of mistakes which takes time so assume a success rate less than 50 % in beginning. For a 40 % success rate system anything more than 2.5 points average loser is a loosing system.

2. Lets also take into account the slippages, the invalid setups you take, typo error, missed trades and many other errors that we will always have.. a system with such a tight R:R doesnt give room for these and in actual trading will be a loosing system.

A system should have good R:R( at least 1:1.5, more the better).. it will give you room for mistakes and still keep you in positive. It should have good frequency(number of average trades in a day for a day trader shud b atleast 1-2).

Scalping is very difficult and needs lots of focus, effort and has little room for mistakes but even if you want to do it then you should learn to hold on to winners i.e you will need to manage your trade actively and when you see your trade has capability to go more than 8 then let it run(easier said than done :) ) .
 
If they are making 5000% , why don't they just earn enough and retire financially in around 2-3 years.

Why take the headache of conducting classes?

Or that 5000% is a marketing gimmick for inviting people for admission to the classes?:D
risk free money they are making Bhai.

1L rs * number of Bakra=risk free money(no SL,no loss,no headache,no monitoring)
and they can hide this profit easily..10k students mile to 2000 students ka hi records dikhao..

look at those Engg/Medical classes,even govt dont know how many institutes r running aur yeh log income tax bhi nahi bharte hai.

When I was absolute new,mai bhi Bakra banne hi wala tha,but I got saved.India has lot of Bakra's bhai,kaatna bohot aasan hai.

Very educated people got trapped in Make the Gold Double Scam.
you have to put a gold in rice and that man used to do Om-Bhat-Swaha and a gold used to get double...fir voh 1 glass paani maangta tha..lady ander gayi aur yeh bhai gayab :D

Many Doctors,Engg,CA got trapped..that was some superstitious part..but this is a proven record on CNBC with legal contract notes and many are still losser in Stock Market...Bakra easily mil hi jaayega.

Log to aaj bhi Kachhua(Tortoise) ko dhund rahe hai..so they can dig hidden wealth..
 
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Dada and Friends,
pls help me solve this issue which I always face in my trading.

I put SL-M buy order @547.
Because of 2 reasons-1)it was AMA breakout 2)vPH breakout.

Order got filled at 548..The candle was pure green at that time,but suddenly it made a high and got shrink.
And I had to cover at 545.25

a loss of almost 2.75points =Rs 3575 per lot.

How to handle this situation.Am I doing mistake in order filling?

Such things keep happen in stock futures so instead of using SL-M order,I use limit order or keep running behind the candle..
and I get either extreme high or low and I made a day big red.

Pls friends do reply,ST dada may be busy.Dont look overlook my query.

 
If they are making 5000% , why don't they just earn enough and retire financially in around 2-3 years.

Why take the headache of conducting classes?

Or that 5000% is a marketing gimmick for inviting people for admission to the classes?:D
These advertisement gimmicks are not new.
Last 25 years fair and lovely is guaranteeing fairness in six weeks,
I surprised why the people are not realized this fraud in seventh week ??? ,
company had not shut on eight week????
where they get fuel to run 25 years ????

Coz fools had, and will born every day :rofl::rofl::rofl:
 
Dada and Friends,
pls help me solve this issue which I always face in my trading.

I put SL-M buy order @547.
Because of 2 reasons-1)it was AMA breakout 2)vPH breakout.

Order got filled at 548..The candle was pure green at that time,but suddenly it made a high and got shrink.
And I had to cover at 545.25

a loss of almost 2.75points =Rs 3575 per lot.

How to handle this situation.Am I doing mistake in order filling?

Such things keep happen in stock futures so instead of using SL-M order,I use limit order or keep running behind the candle..
and I get either extreme high or low and I made a day big red.

Pls friends do reply,ST dada may be busy.Dont look overlook my query.
Bhai 2 things you didnt follow

1. You didnt wait for completion of candle.
2. A pinbar with such a long nose, itself is the indication (normally, though exceptions may be there), that price is going to reverse.

Though it is easy (for me) to pick reasoning in a postmortem
 
Dada and Friends,
pls help me solve this issue which I always face in my trading.

I put SL-M buy order @547.
Because of 2 reasons-1)it was AMA breakout 2)vPH breakout.

Order got filled at 548..The candle was pure green at that time,but suddenly it made a high and got shrink.
And I had to cover at 545.25

a loss of almost 2.75points =Rs 3575 per lot.

How to handle this situation.Am I doing mistake in order filling?

Such things keep happen in stock futures so instead of using SL-M order,I use limit order or keep running behind the candle..
and I get either extreme high or low and I made a day big red.

Pls friends do reply,ST dada may be busy.Dont look overlook my query.

I am giving my opinion, I never take decision before the candle close. I believe many do. I use an afl which tells the time left for candle close. From your chart,If you wait till the candle close, it is obvious good BOF .
 
vijayanscbe and mudraatrader and friends,



how will you place an order? same image I posted..Left side,thats the vPH or say some kind of pivot @ 547..so where will u place your SL-M order?

I didnt understand completion of candle vijayanscbe and mudraatrader.

We place SL-M like this only,right?
 
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completion of candle means,
as you are trading 5 min candle but you didnt wait for 5 minutes to complete and placed you order at 3rd or 4th minute of candle formation
Perhaps you found that the price is running and you placed the order.
IMO, all these WRB were traps.
 
One more thing, I forgot to add
the last 5 min bar will decide the fate of this scrip.
Any decisive breach of top of this last bar will give good upside and any breach of low of this 5 min bar give 36-38 on Monday.
 
look here..
Its a doji or an aggressive pivot or a small inside bar and my system say Go Long over this small bar's high..

ab bhai next bar ko close hone duga to order kab aur kaha place karuga?



this day,I put SL-M @ 540.25.
It filled @ 540.50
and I'm out @ 546.
 

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