General Trading Chat

[Punter786]

I had the same reaction... http://www.cnbc.com/2016/09/21/bill-gross-im-hardly-able-to-speak-after-fed-decision.html

Hope Trump wins and fires senile Janet. The old lady is propping a bubble all over the world. Gotta buy now.

 

[niftyaajkal]

the day Trump wins, our market atleast (if not the world market) will be doomed

 

[Punter786]

Guys market has opened gap up but the price action does not look strong for buyers. Just be careful with stops.

 

[lemondew]

Lol The bears are also buying. My opinion the fed wont send the markets to a topsy turvy. I think by december we shd be at a new high. Both SP and NSE markets . If there is no growth.... and some adverse global scenario then they wdnt raise rates

I had the same reaction... http://www.cnbc.com/2016/09/21/bill-gross-im-hardly-able-to-speak-after-fed-decision.html

Hope Trump wins and fires senile Janet. The old lady is propping a bubble all over the world. Gotta buy now.

 

[Vipul_84]

ST Sir, in this case he has done 18 months of backtesting. Is this period for back testing sufficient for intra day trading? WHat should be the ideal period? How many months you suggest?

This is the problem with most traders.You have tested your system on 18 months data,made money in 3 months of rea l trading so 21 months success and you get shaken with just 1 weeks loss of 6 R as that is the real loss....1 R loss is small loss.Now you will shift to another method and the process will continue.

Why such results in this month? It simply means that markets are not giving 2R moves when your trade goes in profit....so what is the solution ? trail your stoploss to entry point once the trade moves in your favour,so that you will not lose from those trades which miss targets by few points....try working with this and see if it reduces your loss for Sept.

ST

 

[Punter786]

Lol The bears are also buying. My opinion the fed wont send the markets to a topsy turvy. I think by december we shd be at a new high. Both SP and NSE markets . If there is no growth.... and some adverse global scenario then they wdnt raise rates

Trump will come before in November...

 

[Punter786]

I have shifted to selling side as the price action does not look good to me.

 

[Punter786]

No hike was already in the price so why market has gone up? A surprise hike could have result in a crash....

 

[Punter786]

Market could give up half its gain if the price action is anything to go by....

 

[travi]

Trump will come before in November...

Contrary to the popular belief,
2016 - Nov 8: is Election day
2017 - Jan 6: Electoral result announced
2017 - Jan 20: Inauguration of the new Pres.

December will be all about holidays and speculation, polling and surveys, so until then, which is 2 months there will be no major reason for FII to stop buying.