General Trading Chat

[HEM]

Thanks for answering my previous question.

May I ask the reason why we should not go long above 8196?

Thanks!

Today trend was down so for a valid long there should have been a ph after BDF of lod 5 min 12:05 pl low.



HEM

 

[Dr. A.K]

Today trend was down so for a valid long there should have been a ph after BDF of lod 5 min 12:05 pl low.



HEM

Hem sir, are you owner of HEM securities?

 

[HEM]

Hem sir, are you owner of HEM securities?

NO sir not the owner of HEM securities ...... mai to eka chota sa trader hu....dal -roti ke liye trading karta hu........



HEM

 

[stone boy]

st sir greeting these days markets are not able to trade all stop loss taken can you guide us how to trade these markets all when we expecting some breakout/down it came and if takes U- turn before going to any target please sir show us some path for past 2 days i know market moved with sideways after long trend but i feel i am able to trade . waiting for your valueable post...

 

[poniol]

Traders are becoming gambler now with the introduction of Weekly.
Today each of near 5 strikes in both sides had volume in excess of 40,000.
Perhaps none is interested for the Monthly series now!
It's like a game....
:lol:

 

[stone boy]

from where i can get ieod data for past 5-6 years??

 

[Blackhole]

<OS error > Initialization failed for interactive engine

Typical nest problem....happened with all the brokers...

if internet is good then this might happen with some service...

disconnect the internet wait for some seconds and then reconnect ...try to start nest ...if still no go....

then disconnect internet and its application and repeat the process...if still no go...

then restart the pc/laptop and repeat the process....this should resolve else disable all firewall -antivirus...

 

[Smart_trade]

st sir greeting these days markets are not able to trade all stop loss taken can you guide us how to trade these markets all when we expecting some breakout/down it came and if takes U- turn before going to any target please sir show us some path for past 2 days i know market moved with sideways after long trend but i feel i am able to trade . waiting for your valueable post...

After an uptrend, last 3 days are sideways . So daytrading is to be done by buying the declines and selling the rallies...market is bracketed between 8225 and 8170...so in this range if you try to trade breakouts, you will hardly get anything...but buy the dips near 8170-80 and keep 20 points stoploss and that trade will succeed and similarly sell the failure at 8210-15 ( but keep 20 points strict stoploss as the trend is bullish and eventually market will break 8225 and go higher.) and cover in a 20-25 points dip that is likely to succeed.

You can see VWAP bands for such trading.

Smart_trade

 

[newuser_RK]

Can someone please help me in dealing with such situations.

I took a short trade on VEDL in the afternoon as marked in the chart. Post that I got a hammer at LOD and subsequently I moved my SL to the high of that bar and it got hit and post that it moved beautifully in my trade direction and I kept looking at that trade with no thing in hand.

 

[karthik_sri]

Can someone please help me in dealing with such situations.

I took a short trade on VEDL in the afternoon as marked in the chart. Post that I got a hammer at LOD and subsequently I moved my SL to the high of that bar and it got hit and post that it moved beautifully in my trade direction and I kept looking at that trade with no thing in hand.

Just my views...
Your SL should be on the high of Inverted Hammer and not on the Hammer!
In a downtrend when Hammer is formed at Lower Low's remember price is going to go up and SL should not be placed on the High price of hammer. In a downtrend when ever you see a isolated Inverted hammer place your SL at High price of the Inverted hammer! Inverted hammer formation after a up break is a sign of price fall!