General Trading Chat

[BearsTruth]

Even it comes below 7500 nothing with economy.We seen these type of time correction many times in uptrending market...

This grinding correction is different. In earlier corrections we bounced back solidly. There is no sign of that in this correction. We are making lower highs. You buy when you are sanguine about the economy, when the very reason is not there usually the bottom fells out.

 

[Smart_trade]

Markets always bottom out when there is gloom and doom all around.Market has digested brexit,Trump ,low corporate growth,Parliament not functioning and above all notebandi and demonetisation and still we have managed to stay above the recent bottom..

Few points to consider for the unbiased thinkers.

ST

 

[XRAY27]

What matters for trader ??? ....

Answer is :Reaction to important levels and forming a setup to trade

After realizing this i'm able to trade intra/swing/positional...i'm least concerned about the side of market (bull or bear side )what matters is right side with reasonable stop-loss

Just try to think on setup at important levels and trade ,rather then wasting time on other stuff -Like.... modi,rbi,election..etc !!!

 

[BearsTruth]

Markets always bottom out when there is gloom and doom all around.Market has digested brexit,Trump ,low corporate growth,Parliament not functioning and above all notebandi and demonetisation and still we have managed to stay above the recent bottom..

Few points to consider for the unbiased thinkers.

ST

We are just 200 points away from 7800. Can take a week or a day to break it. So too early to say we digested it. I guess some indigestion happened that is why market is grinding at these levels. If it vomits we can go to 7000.

 

[BearsTruth]

Confession: I waited for this day to trade. Before that I was just watching the screen. For many days I traded nothing. Today I'm heavily short. I have learned that it is better to trade heavily and profitably on few days than to do macchar maar trades on regular days.

 

[NoviceStockTrader]

What matters for trader ??? ....

Answer is :Reaction to important levels and forming a setup to trade

After realizing this i'm able to trade intra/swing/positional...i'm least concerned about the side of market (bull or bear side )what matters is right side with reasonable stop-loss

Just try to think on setup at important levels and trade ,rather then wasting time on other stuff -Like.... modi,rbi,election..etc !!!

Very right Sir. Up or down trend as long as there is a good strong trend, traders can make some money.

 

[VJAY]

Confessions: I waited for this day to trade. Before that I was just watching the screen. For many days I traded nothing. Today I'm heavily short. I have learned that it is better to trade heavily and profitably on few days than to do macchar maar trades on regular days.

GAp down open and sell off days always great days for traders.falls always strong against climbing

 

[elwavetrader]

Daily WW in NF still moving nicely

ideally today tomorrow should be target achieving day

Bro
What will be the SL/TSL for this WW.

BTW, the WW posted by you in this image, is as per rules framed by Bill Wolfe ?

 

[Prataap_2013]

Markets always bottom out when there is gloom and doom all around.Market has digested brexit,Trump ,low corporate growth,Parliament not functioning and above all notebandi and demonetisation and still we have managed to stay above the recent bottom..

Few points to consider for the unbiased thinkers.

ST

but markets cannot digest FII selling. only when they turn buyers we move up

 

[Smart_trade]

We are just 200 points away from 7800. Can take a week or a day to break it. So too early to say we digested it. I guess some indigestion happened that is why market is grinding at these levels. If it vomits we can go to 7000.

Keep hoping....7500....7000....6500 ...

In trading,indigestion happens to traders who remain on the opposite side of the trend hoping that some level will come ....for real traders it it not matter whether we go go 7500 or 8500....all he needs is good trend and a low risk entry....

Smart_trade