General Trading Chat

[oldtrader]

Sigh... seems like I'll have to wait some to press "Refund Brokerage" button

Zerodha is not able to keep to its schedules. Opentrade was scheduled to start by the start of February 2016. As of today's Nithin's post it is now expected to start by the first week of March. Don't know why they announce something before finalising the details.

I was sitting on good profit in the 60 day challenge with 5 days balance, now this issue has come up. Hope it is sorted out soon.

 

[lemondew]

Congrats tp bro. That always looks good. 3 months profitable

Sigh... seems like I'll have to wait some to press "Refund Brokerage" button

 

[oldtrader]

Jab raat ho aisi matwali ,
To Subah ka Aalam Kya Hoga....

For our friends who are short...

https://www.youtube.com/watch?v=7vLKhdjXBkg

 

[timepass]

Zerodha is not able to keep to its schedules. Opentrade was scheduled to start by the start of February 2016. As of today's Nithin's post it is now expected to start by the first week of March. Don't know why they announce something before finalising the details.

I was sitting on good profit in the 60 day challenge with 5 days balance, now this issue has come up. Hope it is sorted out soon.

I am sure they will solve it soon. It's just that they needed someone to bring it out. I don't know if any other of their clients noticed or reported it, but I noticed the issue a few days ago and have constantly reported it.

Good luck with your challenge.

 

[Smart_trade]

Quick grabbing of profits without trail : What will be the trigger to say - get out, square off now without waiting for 1/2 Bar - its not breaking down.

Below are two charts of SBIN - today and Friday.

I have mentioned that when the slope/gradient becomes horizontal,that means the market is now going sideways from earlier trending phase and in sideways market,trailing does not help...we have to aggressively grab the profits else they evaporate.

There are many tell-a-tale signals which indicate that the trend is coming to an end but that will be a topic of a separate and long post.

In both charts shown and marked by you, you have shown a trend phase where trailing is a right way to go about...mark the slope of up/down move.

Not sure whether I have understood and answered your question well.

Smart_trade

 

[wisp]

I have mentioned that when the slope/gradient becomes horizontal,that means the market is now going sideways from earlier trending phase and in sideways market,trailing does not help...we have to aggressively grab the profits else they evaporate.

There are many tell-a-tale signals which indicate that the trend is coming to an end but that will be a topic of a separate and long post.

In both charts shown and marked by you, you have shown a trend phase where trailing is a right way to go about...mark the slope of up/down move.

Not sure whether I have understood and answered your question well.

Smart_trade

Da in the circled area, we would get stopped out? What would be the ideal place for SL there? If stopped out, for reentry what caution should we exercise (not in this chart in particular, in general when do we avoid reentry)?

 

[TracerBullet]

I have mentioned that when the slope/gradient becomes horizontal,that means the market is now going sideways from earlier trending phase and in sideways market,trailing does not help...we have to aggressively grab the profits else they evaporate.

There are many tell-a-tale signals which indicate that the trend is coming to an end but that will be a topic of a separate and long post.

In both charts shown and marked by you, you have shown a trend phase where trailing is a right way to go about...mark the slope of up/down move.

Not sure whether I have understood and answered your question well.

Smart_trade

oh sry, my brain read horizontal as vertical ... oops
One possible scenario that we used in NiftyNirvana style was FTC - price makes double bottom, BO does not hold then we can maybe tighten to 1bar instead of Pivot High.

 

[wisp]

oh sry, my brain read horizontal as vertical ... oops
One possible scenario that we used in NiftyNirvana style was FTC - price makes double bottom, BO does not hold then we can maybe tighten to 1bar instead of Pivot High.

FTC puts us in soup often if not played right I gave up on it. Niftynirvana logic is FTC, then take bof range low, but often we may not get BOF of range low and may be making wrong decisions after that as price keeps moving up. FTC near a higher tf resistance may be ok...Niftynirvana requires a very uncluttered head to keep switching from long/short/long etc

 

[Snake.Head]

 

[timepass]

Ok. So it seems like Zerodha did burn the midnight oil yesterday.

not much in terms of profit, but it is 2nd consecutive time. Beginning the next challenge today, hoping for a hattrick