General Trading Chat

[vivektrader]

ST sir, when scalping with pratap sir's bands (in nifty) which time frame should be used and what r:r ratio is appropriate?
And what should be the minimum range of -1sd to +1sd?
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[Smart_trade]

Opening high price rejected (7590-95 )...we came to -2 SD VWAP and took support.The main move is over unless the market goes into trend mode now.

Smart_trade

 

[pareshR]

“I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.”– Marty Schwartz

“It’s critical for the crocodile to understand its prey and to know where to look for it and remain calm and patient until it arrives. As traders, we have to know what our trading edge looks like and where to look for it and then control ourselves enough to not over-trade before it arrives. “- Nial Fuller

Yes

but we believed our self as predator and become prey in market

 

[vivektrader]

Opening high price rejected (7590-95 )...we came to -2 SD VWAP and took support.The main move is over unless the market goes into trend mode now.

Smart_trade

ST sir, when scalping with pratap sir's bands (in nifty) which time frame should be used and what r:r ratio is appropriate?<br />
And what should be the minimum range of -1sd to +1sd?<br />
Sent from my ONE E1003 using Tapatalk

Sent from my ONE E1003 using Tapatalk

 

[Smart_trade]

ST sir, when scalping with pratap sir's bands (in nifty) which time frame should be used and what r:r ratio is appropriate?<br />
And what should be the minimum range of -1sd to +1sd?<br />
Sent from my ONE E1003 using Tapatalk

Sent from my ONE E1003 using Tapatalk

I use 3 min TF. But some traders use 1 min also. These VWAP scalp trades I keep a stoploss of 6-8 points and try to extract 20-25 points. If the market goes into trend mode then we can get 30-40 points or more also.

Smart_trade

 

[Smart_trade]

Yes

but we believed our self as predator and become prey in market

Because we dont behave like predator and behave like prey.

ST

 

[vijkris]

I use 3 min TF. But some traders use 1 min also. These VWAP scalp trades I keep a stoploss of 6-8 points and try to extract 20-25 points. If the market goes into trend mode then we can get 30-40 points or more also.

Smart_trade

thanks for the clarification

 

[Smart_trade]

thanks for the clarification

Fergot to add standard disclaimer that I dont claim that I succeed in all the trades.

ST

 

[vivektrader]

I use 3 min TF. But some traders use 1 min also. These VWAP scalp trades I keep a stoploss of 6-8 points and try to extract 20-25 points. If the market goes into trend mode then we can get 30-40 points or more also.

Smart_trade

Thanks, and sir what is minimum playable range for such scalps (-1sd to +1sd) below which its almost unplayable/unusable?
Also, as per your reply I think you trail SL in scalp trades also, is it like pivot trail or trail below low of previous bar (assuming scalping long).

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[amitrandive]

What to do Before, During and after a Trade
(Best and shortest article , I have read in terms of money management and psychology)