General Trading Chat

[rkripal]

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 !!!

Well said Xray...

We are so much possessed by charts and patterns that we think that if 'xyz' happens then '123' should happen. That is not the purpose of charts. They show us trends but they dont tell us where the trend will end. Truth is chart wont tell about trend change or continuation but the purpose of using chart and chart patterns is to get entry in your desired direction with better risk reward ratio.

So.... Do charts predict market? No.
Does trading on chart work? Yes.

 

[BearsTruth]

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

I'm not "hoping" about any level, it was an educated guess about what can happen. I take both fundamental and technical analysis in my trading. Yes, I struggle to trade in a rising market but I do Not take the opposite trade just for the heck of it. I also trade longs when I see the bulls have it.

 

[george_t]

i thought i would share my happiness with you all. just started trading in stocks intraday today. short vedanta at 223 covered it 217. made just over one lakh even before afternoon. best job in the world

 

[george_t]

sold vedanta in the morning. made just over a lakh even before afternoon. best job in the world. this was my first day as an intraday equity trader. cheers:thumb:

 

[sandeep.kala]

tight fight around 7980

 

[sandeep.kala]

tight fight around 7980

gayi bhains paani me

 

[wisp]

News and markets - Elliott wave perspective

http://www2.elliottwave.com/affilia...ooled-News-Does-NOT-Drive-the-Markets-aa.aspx

 

[travi]

weekly expiry => what is the impact on banknifty behaviour on thursdays ? compared to earlier when no weekly expiry.

BN as it is highly vola so now you get weekly one day of entertainment.
Very few expiries that are dull.
Some Aug-Sep were really good, max pain fight went on till last 10m

 

[pratapvb]

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 ?

I trail as per my other levels on 15min hourly and daily

had posted a 15min chart also of swing DT

This is a version where point one is from a gap ...rest all satisfies....like wedge ...target line cuts minimum price action bars, relatively higher volumes at turning points and other such factors

 

[BearsTruth]

I was expecting a century by Nifty. Disappointed.