General Trading Chat

[vivektrader]

I think ST sir has given us fundamentals of swing trading in clear terms. On this foundation we can apply our minds to build something substantial and meaningful.
Let's not push him further on this.

 

[TracerBullet]

Below 100 points profit, dont think of booking profits.Above that if my view is that the current downmove is a correction in an uptrend, then book part profits at 120/150 or 200 points and balance trail...but if it is a strong downtrend, then trail on 60 min pivots.

ST

sir, some questions

1) If a strong uptrend in good profit slows down to a grinding trend, with 1H mph Breakouts not holding but mpl not yet broken - what will your plan be ? Will you hold as price moves significantly below mph. Perhaps we can book partial profits here too.

2) Say we are in swing long in profit. Stop is taken on mpl hit - But mpl BO is rejected immediately ( example - pin bar in 1H charts) and trend continues.
Will you renter? We could use mph BO again as trend continuation or earlier rentry on mpl break's Failure bar High Breakout.

 

[praveen taneja]

A US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services and Tata America International Corp - with a $940 million fine in a trade secret lawsuit filed against them.
This news or Infy result gap up and profit booking are we done with up move for this mnth???views please

 

[Smart_trade]

sir, some questions

1) If a strong uptrend in good profit slows down to a grinding trend, with 1H mph Breakouts not holding but mpl not yet broken - what will your plan be ? Will you hold as price moves significantly below mph. Perhaps we can book partial profits here too.

2) Say we are in swing long in profit. Stop is taken on mpl hit - But mpl BO is rejected immediately ( example - pin bar in 1H charts) and trend continues.
Will you renter? We could use mph BO again as trend continuation or earlier rentry on mpl break's Failure bar High Breakout.

1) Grinding uptrend ,it is better to book profits in a rally and buy the same position 30-40 points down as grinding trends give such dips before the trend changes to down..

2) Yes breakdown failure ,buy again.

Smart_trade

 

[Singhraja]

St sir in intra day trading how much stop loss you kept per trade as you said when in profit 10 point you kept stoploss at break even you kept 3 point above entry point so that tax and brokerage covered or at entry level or we should moved out when trade closed back in our entry bar

 

[TracerBullet]

St sir in intra day trading how much stop loss you kept per trade as you said when in profit 10 point you kept stoploss at break even you kept 3 point above entry point so that tax and brokerage covered or at entry level or we should moved out when trade closed back in our entry bar

As i understand,
1) This trail every 10 point is for trades within sideways zone where we enter at extremes ( Range Extreme / VAH-VAL ) on failures/Virtual High/Pivot breaks

2) When trending, we take pivot breakouts with initial stop behind BO bar/ nearby pivot. This stop is only for emergency v-reversal. If a bar B1 closes back behind pivot that it broke, then we exit on break of B1. Once a trade moves, give more space - trail behind mp.

3) After exit we can look for reentry using bar break similar to swing example 2 above. Also,

- In case of weak and limping breakout I may not re-enter at that level but will re-enter at fresh level if that breakout succeeds
- But on a strong and quick reversal to original direction,will always re-enter

4) 2) and 3) are one style of trade management. You can also use simple trail behind minor pivots if you prefer it.

5) For BO trades out of Sideways zone (VAH/VAL, Visual Sideways), may want to wait for a decent bar close out of the zone (and not take direct VP/Extreme BOs). Else get trapped by pin bar rejections many times.

 

[Singhraja]

As i understand,
1) This trail every 10 point is for trades within sideways zone where we enter at extremes ( Range Extreme / VAH-VAL ) on failures/Virtual High/Pivot breaks

2) When trending, we take pivot breakouts with initial stop behind BO bar/ nearby pivot. This stop is only for emergency v-reversal. If a bar B1 closes back behind pivot that it broke, then we exit on break of B1.

3) After exit we can look for reentry using bar break similar to swing example 2 above. Also,


4) 2) and 3) are one style of trade management. You can also use simple trail behind minor pivots if you prefer it.

5) For BO trades out of Sideways zone (VAH/VAL, Visual Sideways), may want to wait for a decent bar close out of the zone (and not take direct VP/Extreme BOs). Else get trapped by pin bar rejections many times.

IMO it is for intraday if we are in tend market reverse very rare so it is applicable for trend in side ways market chopped and griding upmove it will hit again n again

 

[TracerBullet]

IMO it is for intraday if we are in tend market reverse very rare so it is applicable for trend in side ways market chopped and griding upmove it will hit again n again

But in trend, we want to give it space to move, Look for adds instead of quick exit on 10 point reversal.

 

[Singhraja]

Hm.. Right but there is probability of sudden reverse in trend let's see hope st sir will clear picture I retest my Jan performance trades increase s and performance also though I retest till18 6 trades increased and performance by 60 points

 

[gemat]

BankIndia going higher high every few minutes.

I bought HDFC 930 CE @ 9.75 2 lots for intraday. Was that exact low of the day. Happy got in it.

Bought Tatamotors 550 CE @ 1.20 1 lot for intraday. Now it is in 1.40.

Overall I am LONG side today. No shorts.

P.s Jpassociat is cements company . Jp group has other companies too like jpinfra, jppower etc.

old post. error.