General Trading Chat

[travi]

I have been trading a my system on NF wherein I take only one trade a day...

I think most would agree, not due to trade setups but bcos of the energies spent.
All the generally lethargy and Friday Fever etc which is very prevalent among 5-day working groups including Traders.
This year, every Thursday has become an expiry week, which means highest volumes clocked on expiry days when compared to other days which are non-event.
What ones learns from this is to tune setups for NR (Narrow Range) on such days. Unless you have a strong trend, expect more whipsaws like the one we're having today

 

[STRATEGICINVESTMENTS]

Just want to know that have anyone noted how market behaved near 17980 Resistance? It gave very good opportunity for traders by respecting the 17980 resistance in BANKNIFTY and 8000 in NIFTY with very small stop loss. Just want to know that how many people note these things and trade on this data. I am discussing by the perspective of intraday trading.

 

[vagar11]

Dear Moderators and Admin and fellow people
Does anyone have the excel file discussed in the below link. If so please send it to my mail. Thanks. mail id is in my signature

http://www.traderji.com/software/71...downloader-v1-0-year-1991-current-date-2.html

I don't have the script myself. But, you can quandl for nse stocks. It has the data from 1998.

Example
https://www.quandl.com/api/v3/datasets/NSE/BHEL.json
https://www.quandl.com/api/v3/datasets/NSE/BHEL.csv

I doubt that the script will work now as the site changes over time.

 

[TraderRavi]

any chances of some downmove from here

 

[STRATEGICINVESTMENTS]

Hello Ravi bhai,

Cant say with confidence, just trailing stop loss at 1 min chart's pivots without guessing anything or watching too much chart. Thats why I have come on traderji so that I dont watch too much chart.

Actually the problem with me is I dont book big profits. Most of the time I book 30 to 50 points profit (50% times of profitable trades) and 70 to 150 points (30% times of all profitable trades).

So now I am working on my this weakness by experimenting different techniques. Today I am experimenting with TRAILING STOP LOSS technique. After a week I will analyze. If anyone can suggest something than please help. I need it badly. Cant sleep properly because of absence of some good exit technique.

PS: Hourly resistance is XRAY's favorite. He must have noticed price behavior around 17980.

Regards

 

[travi]

Just want to know that have anyone noted how market behaved near 17980 Resistance? It gave very good opportunity for traders by respecting the 17980 resistance in BANKNIFTY and 8000 in NIFTY with very small stop loss. Just want to know that how many people note these things and trade on this data. I am discussing by the perspective of intraday trading.

Yes, infact this is one of the key things I use in intraday.

 

[TradeJoker]

any chances of some downmove from here

Pahaad se neeche avo ravi bhai

 

[BearsTruth]

any chances of some downmove from here

I have given up that hope but this upmove lacks confidence. Maybe we see some action in last one hour.

 

[timepass]

Meanwhile, 8000 CE has more than doubled from 25

 

[BearsTruth]

Most of the stocks which were in red have recovered. Infy the most.... http://www.moneycontrol.com/stocks/marketstats/indcontrib.php?optex=NSE