General Trading Chat

[Reyansh]

Xray ji, does that also mean that a triangle will have more than 1 minor pivots?
thanks

There are different kinds of triangles in the charting area. A good source to study them, even get familiar with those different kind of "Triangle Chart Patterns" is surely Bulkowski. He has written books about the topic "Chart Patterns" and so far I know the following link to his knowledge: http://thepatternsite.com/chartpatterns.html Here you go to the letter "T" and you will recognize quit a few "Triangle Patterns". If you study them you will find your answer.

 

[niftyaajkal]

Bulls got some relief in last half due to short covering. Else it was a one way slide down. Both sides made money.

On the contrary, bears got a chance to pull down market because of heavy profit booking, particularly because of BN weekly expiry. Otherwise it would have been a one way zoooooom up. Never mind wait for tomorrow

 

[niftyaajkal]

SGX is currently trading at 8,924.50 (+45.50)

 

[lemondew]

if nifty opens up tomorro what ur saying is validated. Today it got support at 8860.

Meanwhile if for some reason nifty falls then it would be good place to buy

On the contrary, bears got a chance to pull down market because of heavy profit booking, particularly because of BN weekly expiry. Otherwise it would have been a one way zoooooom up. Never mind wait for tomorrow

 

[Smart_trade]

ST da,

For Swing Trading via 30 TF charts ,Do u consider Minor Pivots for Entries or only major Swing pivots

As we go higher in timeframe we have to trade on minor pivots.

Smart_trade

 

[lemondew]

St,

Do u consider buying from 8861 today as strong enough. Daily appeared like a pin bar today.... Closed my swing long .....

As we go higher in timeframe we have to trade on minor pivots.

Smart_trade

 

[Smart_trade]

St,

Do u consider buying from 8861 today as strong enough. Daily appeared like a pin bar today.... Closed my swing long .....

Trend is up and there is no weakness shown today....so we have to hold swing longs.Who knows where it will go...8925/8950 or 9000 or more,that we don't know.If one has booked profit ,it is fine but market can still go up.

Smart_trade

 

[vivektrader]

Trend is up and there is no weakness shown today....so we have to hold swing longs.Who knows where it will go...8925/8950 or 9000 or more,that we don't know.

Smart_trade

ST sir, I suppose you entered long today (after major events played out), where did you enter as, it started coming down after large gap up, and where would be the SL?

 

[lemondew]

I went in at 8775 new long after 1 hr support at above 8860. But the last 45 mins confused me

kind of closed out same price. Risk nahi lena tha...

Trend is up and there is no weakness shown today....so we have to hold swing longs.Who knows where it will go...8925/8950 or 9000 or more,that we don't know.

Smart_trade

 

[Smart_trade]

ST sir, I suppose you entered long today (after major events played out), where did you enter as, it started coming down after large gap up, and where would be the SL?

No,I went long into the event and my position was light.Because of the event though I was expecting no rate hike, I still played safe and hedged my positions with puts buy which were sold today at loss.Wanted to see if the market holds or sellsoff in the end , and as it held strong, added in the end to my long position.

Smart_trade