Long or Short Opinion
- Thread starter rajputz
- Start date
- Status
Dear rajputz,
BEML is down 6%. Just one point, I am not saying this since stock is down today, but when market is in a down trend, those pops are not breakout, those are possible shorts. Even it could have gone up 2% today, it would have been somewhat incorrect probability to go for up side trade.
Breakout trades have high number of failures and also market is against, we can easily keep these trades out of our radar.
My personal thinking! You can correct me.
One more example I will give you. As you know current NIFTY volatility is 100 points about. Today's high is 5020 and going by volatility, going fresh short below or around 4920 NF is a wrong trade. It does not mean that it can not fall more. Just that, it is not a high probability.
Happy trading!
BEML is down 6%. Just one point, I am not saying this since stock is down today, but when market is in a down trend, those pops are not breakout, those are possible shorts. Even it could have gone up 2% today, it would have been somewhat incorrect probability to go for up side trade.
Breakout trades have high number of failures and also market is against, we can easily keep these trades out of our radar.
My personal thinking! You can correct me.
One more example I will give you. As you know current NIFTY volatility is 100 points about. Today's high is 5020 and going by volatility, going fresh short below or around 4920 NF is a wrong trade. It does not mean that it can not fall more. Just that, it is not a high probability.
Happy trading!
Thanks ST. and that is the pure reason, i keep levels for my self. If my levels are not achieved i dont trade them. If i am stopped out, it doesnt matter. Although most of my trades are getting whipsaws, cause i am not getting the reversal information in real time. I am not subscribed to Real Time data. So untill EOD data comes, i cant reverse the positions. With my real time data along with levels trading, i change the trade where ever necessary. But now all i can do is see the stop hit. That way stopping out and reversing the trades do give a good risk reward, but alone it really is bad.
Like i get a trend Reversal Trade, which later changes into a trend continuation, i reverse the position in real time. Like what happened with JSWsteel. it was a buy at the moment, but the day it reversed i was not able to reverse it in realtime. Thats the problem i am facing. Once i get the real time data feed, i hope the things to improve. I expect everyone to keep a close eye on my trades, and correct me wherever they feel its possible.
The main problem with Trend Reversal signal is that if they faill, we need to reverse the trade. In case of BEML, at the EOD chart it will be a nice ZLR now, which needed to be reversed in real time. I really feel handicapped widout amibroker data in real time.
Thanks once again.
Like i get a trend Reversal Trade, which later changes into a trend continuation, i reverse the position in real time. Like what happened with JSWsteel. it was a buy at the moment, but the day it reversed i was not able to reverse it in realtime. Thats the problem i am facing. Once i get the real time data feed, i hope the things to improve. I expect everyone to keep a close eye on my trades, and correct me wherever they feel its possible.
The main problem with Trend Reversal signal is that if they faill, we need to reverse the trade. In case of BEML, at the EOD chart it will be a nice ZLR now, which needed to be reversed in real time. I really feel handicapped widout amibroker data in real time.
Thanks once again.
Last edited:
Dear Rajputz,
Just a question for you.
Can you defeat Napoleon in his own back yard without proper training and resources?
Well, you can't. I think you are training yourself by practicing TA. But what about your resources ? Should you not stop trading until you get all your tools and resources in place? The kind of problem you have mentioned is very critical. I think your system warrants constant viewing of price levels to reverse a trade when the right time comes. But in reality what you are doing is waiting for the next day to reverse your position. On few trades this won't make much of a difference. But when the number of trades increase, this is going to result in a huge loss.
You are competing against professionals in their own back yard. They have the tools and resources to beat the market and to essentially beat you. You must in every case trade only when you are fully prepared.
Hope you get my point. In the long run you will save lot of money.
Tc
Just a question for you.
Can you defeat Napoleon in his own back yard without proper training and resources?
Well, you can't. I think you are training yourself by practicing TA. But what about your resources ? Should you not stop trading until you get all your tools and resources in place? The kind of problem you have mentioned is very critical. I think your system warrants constant viewing of price levels to reverse a trade when the right time comes. But in reality what you are doing is waiting for the next day to reverse your position. On few trades this won't make much of a difference. But when the number of trades increase, this is going to result in a huge loss.
You are competing against professionals in their own back yard. They have the tools and resources to beat the market and to essentially beat you. You must in every case trade only when you are fully prepared.
Hope you get my point. In the long run you will save lot of money.
Tc
Thanks raunak sir....i will keep this in mind...sure do appreciate your guidance at every moment.
I was digging in your thread a second ago. There was one clarification that i seek regarding a topic discussed by you and aw sir. It is regarding the Elliot wave form on Nifty.
Actually i was trying to understand the elliot wave(although the topic is known to me for long time), but the main problem what every body considers is regarding the wave count from 1-5. Now you and aw sir i think consider this one to be huge correction wave on charts. But i couldnt find it. Can you explain a bit with chart, that how you are plotting the elliot waves on nifty charts and with what waves.
cause i am making a mistake some where in counting the waves. please have a look at the chart below on nifty. I am considering it as wave 2or b the first correction wave which retraces back to 38 or 62 percent retracement of the upmove, which ends here. I know its wrong, thats y asking you to put the chart.
I was digging in your thread a second ago. There was one clarification that i seek regarding a topic discussed by you and aw sir. It is regarding the Elliot wave form on Nifty.
Actually i was trying to understand the elliot wave(although the topic is known to me for long time), but the main problem what every body considers is regarding the wave count from 1-5. Now you and aw sir i think consider this one to be huge correction wave on charts. But i couldnt find it. Can you explain a bit with chart, that how you are plotting the elliot waves on nifty charts and with what waves.
cause i am making a mistake some where in counting the waves. please have a look at the chart below on nifty. I am considering it as wave 2or b the first correction wave which retraces back to 38 or 62 percent retracement of the upmove, which ends here. I know its wrong, thats y asking you to put the chart.
Dear,
We are "probably" in a A-B-C (Zigzag or flat) wave kind of correction of Bull market. This is still very premature and would get confirmed as wave progress. I'll plot the correct EW count and will post it in the Evening. Cehck my daily nifty thread. However, just remember it is still in a very premature stage. I assume we are still in a Bull market. However, I must admit we are reaching a stage where this has to be reviewed again. Next few weeks could be very crucial.
Anyhow, we have entered a strict no trade zone. These are typically times when Longs and Shorts get reversed (lots of whipsaws) and it is this phase which leads to equity draw downs. Hence, I am personally not taking up any positions as of now. It's better to sit out of the market and watch the action.
P.S - In your chart, 'A' cannot be where you have actually labeled it. Actually, 'A' should be written where you have written 'B'. We have taken '5' waves to form 'A', hence we can probably suspect a Zig Zag going forward.
Tc
Tc
Last edited:
:rofl::rofl::rofl::rofl:
how can you say that???
how much upside u call a rally???
50-75-100???
what if a stock rise and mkt fell???
Bro this is stock mkt we are now here for gamble read ur post no rate to short no sl kyon bechare TJ members ka diwala nikalwana chahte ho sorry no offend meant but ur post suggest me to advice you to complete ur post sorry if i am not good in advicing bro
how can you say that???
how much upside u call a rally???
50-75-100???
what if a stock rise and mkt fell???
Bro this is stock mkt we are now here for gamble read ur post no rate to short no sl kyon bechare TJ members ka diwala nikalwana chahte ho sorry no offend meant but ur post suggest me to advice you to complete ur post sorry if i am not good in advicing bro
Bhai mera TIP PROVIDER is srishty ka sabe takatwar Bhagwan Ram Hai:clap:
waise to Unki tip mein kabhi loss hota nahin aur agar hota hai to meri TIP read karne ki Galti se hota hai par wo Itne Dayaalu Hain next trade mein us loss ko bhi cover karwa dete hain:clap:
I am on 5000 call june and 4900 put may with combine cost 182 cmp is 198
Aur isse jyada kya chahiye
Upar wala jab bhi deta deta chhappar phaad ke:clap:
waise to Unki tip mein kabhi loss hota nahin aur agar hota hai to meri TIP read karne ki Galti se hota hai par wo Itne Dayaalu Hain next trade mein us loss ko bhi cover karwa dete hain:clap:
I am on 5000 call june and 4900 put may with combine cost 182 cmp is 198
Aur isse jyada kya chahiye
Upar wala jab bhi deta deta chhappar phaad ke:clap:
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| N | Long / Short Tool in Amibroker | AmiBroker | 0 | |
| T | Long-term and Short-term Setups | Technical Analysis | 25 | |
| B | Shorting and Long volumes for a future | Futures | 0 | |
| P | URGENT: Is anybody doing this? (Long Fut, Short Call) | Derivatives | 6 | |
| D | Long and Short Signal at same time | Algo & Automated Trading | 1 |