Learn How To Fish

[PreSap]

today 2 long trades ,
View attachment 27897

Vivek sir,

Can you explain the idea behind placing the Stop Loss levels, please?
As VJAY bro mentioned, I need to improve in this area.

 

[vivek.civil17]

Vivek sir,

Can you explain the idea behind placing the Stop Loss levels, please?
As VJAY bro mentioned, I need to improve in this area.

hi bro , trade 1 was a aggressive entry so used aggressive SL . trade 2 also i use aggressive SL coz 2 times break out failure ( one u can see in 15 mins) . in tatasteel i used to part book at 2 points and rest to TSL . if suppose i take entry at yesterday VPH i will not place this kind of SL , instead as usual MPL is our TSL .

 

[MSN1979]

VJAY bro,

Which one did you mention is not an mph? The one above which I have made the marking for longs?
Please feel free to point out any errors in my charts.

Thanks!

I think what he means is Long over VPH. Vivek waited for mph above VPH

 

[MSN1979]

Would this be the correct trade using the ERL? Today's Reliance Futures chart:

Yes to me it looks like ERL and we are suppose to trade break of mpl below erl, so this looks correct

 

[VJAY]

Would this be the correct trade using the ERL? Today's Reliance Futures chart:

 

[VJAY]

....

 

[MSN1979]

View attachment 27928

Hi Vijay, I saw your previous post, If I am thinking correctly, we move TSL to WRB high correct? and then any pivot between WRB?

 

[PreSap]

Reliance Futures

Please comment and correct, if possible.

Where should the initial SL have been if the short below first 5 min candle is correct?

 

[PreSap]

Tata Steel Futures

 

[VJAY]

Tata Steel Futures

entry should be @ VPH