General Trading Chat

[Smart_trade]

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

We trail the stops in trends. In sideways and grinding trend,we book profits aggressively and no trailing of stoploss here.

ST

 

[Singhraja]

Thanks sir for prompt reply sir it will also increase the number of trades

 

[Singhraja]

Sir in chop market how you manage stop loss or trade

 

[Smart_trade]

Sir in chop market how you manage stop loss or trade

In choppy market wait for a good set up.Let the market extend then take a trade for mean reversal.We normally won't get more than 3 trades on a choppy day.Catching 1-2 of these is enough.Trying to catch all the twists and turns of the market is a losing game.I know that the best intraday traders also cannot do it consistently.

ST

 

[Singhraja]

Right sir but I have retest the number of trades increased and performance improved sir do you share a chart for that in which where you kept s/ l and how you manage for more clarification

 

[Smart_trade]

Market gives us 2 good moves ,1 in the morning session and 1 in the afternoon session.In between these,the market goes in a dull period.The move in the afternoon session is likely to be a stable move which may continue in the next trading day. This move comes after 1:00-1:30 and likely to be much more durable.It is also observed that around 2:30 the market takes a correction and then the final move starts.Traders call it 2:30 factor.

On strong trend days,we get many good moves all through the day in the form of breakout from consolidation,wide range bars etc.

Just a few general observations.

ST

 

[vagar11]

Market gives us 2 good moves ,1 in the morning session and 1 in the afternoon session.In between these,the market goes in a dull period.The move in the afternoon session is likely to be a stable move which may continue in the next trading day. This move comes after 1:00-1:30 and likely to be much more durable.It is also observed that around 2:30 the market takes a correction and then the final move starts.Traders call it 2:30 factor.

On strong trend days,we get many good moves all through the day in the form of breakout from consolidation,wide range bars etc.

Just a few general observations.

ST

Thank you Sir. :clap::clap:
Saving it. Could you please share some more general observations like this when you get time.

 

[Prataap_2013]

No agreement at Doha. Crude is down, Asia weak, SGX Nifty shows gap down opening

 

[oldtrader]

No agreement at Doha. Crude is down, Asia weak, SGX Nifty shows gap down opening

SGX is down but even if NF opens at the current SGX level --7901-- it will be a GAP UP of 40+ points. That is because SGX went up while NF was closed due to holidays.

 

[sadiq]

SGX is down but even if NF opens at the current SGX level --7901-- it will be a GAP UP of 40+ points. That is because SGX went up while NF was closed due to holidays.

and there were some days when sgx was 100 points up but nifty open in red...