General Trading Chat

[mudraatrader]

yeah.. spiked to 16400 .. took off my SL


Yeah, reached this morning.

Bhai, take care of your moves.
Now on we can see some more wild moves in the market.

 

[praveen taneja]

no sign of put or call writing yet.

 

[Smart_trade]

Sequential indicates 7-10 days still left in this upmove.

Smart_trade

 

[wisp]

Market taking a resistance near round number 7900.

We got 2 good moves today in the morning session. One downmove and one upmove.

Smart_trade

ST Da,
Where did you catch the down move, below 1st bar? or earlier?

 

[Smart_trade]

ST Da,
Where did you catch the down move, below 1st bar? or earlier?

High opening price was rejected , so one could have shorted below 7890-7885.

ST

 

[niftytraps]

High opening price was rejected , so one could have shorted below 7890-7885.

ST

ST Da,

Do we take the counter trend trade short while the bar is in forming?What makes us so agressive to take
counter trend entry during days open.?

Thanks

 

[Smart_trade]

ST Da,

Do we take the counter trend trade short while the bar is in forming?What make us so agressive counter trend entry during days open.?

Thanks

Market opened above 7900 or above high of 13/4/2016 and immediately started selling.Bad news on banks, and several Asian markets were trading down...so when we could not hold 7890-95 it was indicating that the market will consolidate at lower levels...

Such rejection trades are always against the trend and if one plays by rules then such trades he cannot take. But shorting there with 7905 stoploss was a good rejection trade.

Smart_trade

 

[vivektrader]

High opening price was rejected , so one could have shorted below 7890-7885.

ST

If that's only experience talking, then its fine, otherwise such a wide range bar that too in formation, I will have cold feet jumping into it.
That's probably years of screen time.
And then the long with in the range of morning wrb, is again far fetched for me, probably could have tried buying over a pivot above VAH.
Still sitting on hands.

Regards
Vivek

 

[Smart_trade]

If that's only experience talking, then its fine, otherwise such a wide range bar that too in formation, I will have cold feet jumping into it.
That's probably years of screen time.
And then the long with in the range of morning wrb, is again far fetched for me, probably could have tried buying over a pivot above VAH.
Still sitting on hands.

Regards
Vivek

Long trade was clear...market was not going down below 7855....so wait for 10 points and go long and the profit to be taken near 7900 as it is a area of round number and resistance.

Smart_trade

 

[rjshem]

Long trade was clear...market was not going down below 7855....so wait for 10 points and go long and the profit to be taken near 7900 as it is a area of round number and resistance.

Smart_trade

s also nice long setup in yesbank today gap down rejection with good volume still going well . rinfra nice short setup .