General Trading Chat

[jassinko]

I am sure ST will help, Just sharing my view on NF chart as I too was looking for an add to LONG near that. Around 12 pm, minor trend had turned sideways from downtrend. So if you are looking for a Long above sideways resistance as price crossed that, price immediately reversed and breakout attempt was rejected. T me a low risk Long was when minor sideways bottom was rejected on 11"25 5m candle. At around 12 book profit on intraday long on failure near sideways resistance.

So you could have liquidted your longs when price failed to sustain above 92 and fell back in to range..

ok...so that means SL would have been low of that or previous candle.... to checkout failure.....

 

[Smart_trade]

@niftytaurus,

I have to read your multiple points post before answering...will do it in the evening .

ST

 

[LoneWolf]

You find any reason to trade ?

An inside day so far.

Intermediate tredn was up since yesterday. So my trade plan was to trade on LONG direction in minor uptrend. If minor trend is sideways then look for buy on 1) Minor sideways breakdown failure (near support) or 2) Minor sideways breakout.

Yesterday at close minor trend had turned down, From down, it turned sideways, and I bought the bullish hammer near sideways support. Stochastic was not completely oversold, but was trading just above 20 but with bullish divergence.

 

[jassinko]

i am clicking thanks, it disappears but still not showing so manually thanks to Lonewolf and ST sir for replying

though i dont know what is VWAP charts but will try to find in TJ forum.... i never read pratap ji thread as was not able to insert this afl in kite charts but i think ST sir is pointing to pratatp ji thread..... will try to read for any useful information there

or alternatively, can anyone summarize about vwap chart or provide link for it... thanks in advance

 

[timepass]

i am clicking thanks, it disappears but still not showing so manually thanks to Lonewolf and ST sir for replying

though i dont know what is VWAP charts but will try to find in TJ forum.... i never read pratap ji thread as was not able to insert this afl in kite charts but i think ST sir is pointing to pratatp ji thread..... will try to read for any useful information there

or alternatively, can anyone summarize about vwap chart or provide link for it... thanks in advance

Not using amibroker, but search for posts by pratapvb

http://www.traderji.com/search.php?searchid=23490437

http://www.traderji.com/advanced-tr...mbining-trend-vwap-ranges-prataps-method.html

 

[amitrandive]

Intermediate tredn was up since yesterday. So my trade plan was to trade on LONG direction in minor uptrend. If minor trend is sideways then look for buy on 1) Minor sideways breakdown failure (near support) or 2) Minor sideways breakout.

Yesterday at close minor trend had turned down, From down, it turned sideways, and I bought the bullish hammer near sideways support. Stochastic was not completely oversold, but was trading just above 20 but with bullish divergence.

Master candle , range of only 30 points .

Sideways market, is that scalp you showed possible and any meaningful profit or merely breakeven?

Ideally if you had good profits yesterday ,you should be SOH today

 

[LoneWolf]

i am clicking thanks, it disappears but still not showing so manually thanks to Lonewolf and ST sir for replying

though i dont know what is VWAP charts but will try to find in TJ forum.... i never read pratap ji thread as was not able to insert this afl in kite charts but i think ST sir is pointing to pratatp ji thread..... will try to read for any useful information there

or alternatively, can anyone summarize about vwap chart or provide link for it... thanks in advance

See the way rejection on VWAP bands coinciding with minor sideways support and resistance

 

[niftytaurus]

i am clicking thanks, it disappears but still not showing so manually thanks to Lonewolf and ST sir for replying

though i dont know what is VWAP charts but will try to find in TJ forum.... i never read pratap ji thread as was not able to insert this afl in kite charts but i think ST sir is pointing to pratatp ji thread..... will try to read for any useful information there

or alternatively, can anyone summarize about vwap chart or provide link for it... thanks in advance

http://www.traderji.com/advanced-tr...action-perspective-using-vwap-sd-tf-amas.html

this is pratap sir thread..you will get all vwap method detail in this thread..
i dont know about kite ..i think you need amibroker for those pratap sir's afl
let us know if an other help needed
thanks

 

[LoneWolf]

Master candle , range of only 30 points .

Sideways market, is that scalp you showed possible and any meaningful profit or merely breakeven?

I dnt use concept of master candle in my trading, but solely depend on market structure and how minor and intermediate trend communicates between them. But even if i have to see the master candle, then this is how I see it, A big down red bar stopped the minor dowentrend. (EOM bar), then sideways started. After a strong bearish effort to make price fall, if price is not falling, then thats a effort and failure, and underlying tone was bullish to sideways. The minor sideways support was coinciding with master candle low, so a rejection near that is a low risk LONG entry, At the time of entry I dnt know if the trade will be a loss/profit, So I am trying to take all the trades given as per my system. Now after the trade is initiated there are 3 options.

1. Trade wont work out, and my assumption premise will turn out wrong. In this case I will exit and accept that I was wrong.

2. Price will move as per my expectation, will touch minor sideways range extreme on other side, but will fail to cross that. in this case liquidate long.

3. Price will break through minor sideways, and minor uptrend will start, in that case add to LONG in minor uptrend.

Ideally if you had good profits yesterday ,you should be SOH today

I dnt believe any such theory, I try to trade all the signals from my system. I believe in uncertainty of market. BDW, yesterday I missed the Long by my system, and had a minor loss day .

 

[Blackhole]

NR4/NR21 in NF / Inside bar in BNF(missed nr7 by few pts)