Nifty : Real time discussions...!

[trader.trends]

Freak high of 5662 on NF. Butter fingers or sign of things to come?

 

[linkon7]

Freak high of 5662 on NF. Butter fingers or sign of things to come?

most likely some poor sob got nailed....!

 

[trader.trends]

Long at 5588

Sl hit. Looks like I have lost my script for the day.

 

[trader.trends]

High probability trades occur at the high or low of the TF that we wish to trade. Either breakouts or fades. Trades that we enter somewhere in the middle of the range gets beaten up.

 

[linkon7]

High probability trades occur at the high or low of the TF that we wish to trade. Either breakouts or fades. Trades that we enter somewhere in the middle of the range gets beaten up.

bang on target...!

Either play with wide sl... or stay out when range is narrow if u are a small sl player. small sl players need to be very nimble with their trades as the system is skewed badly against them.

If a trader has a system that gives him 75% strike rate and a RR of 1, his break even on nifty is 5 points, then

4 trades, 3 success with 10 points profit on each trade, 1 sl with loss of 10 points, brokerage of 20 points on 4 trades, he ends with nothing to take home.

 

[sumosanammain]

High probability trades occur at the high or low of the TF that we wish to trade. Either breakouts or fades. Trades that we enter somewhere in the middle of the range gets beaten up.

Very true.....

 

[sumosanammain]

bang on target...!

Either play with wide sl... or stay out when range is narrow if u are a small sl player. small sl players need to be very nimble with their trades as the system is skewed badly against them.

If a trader has a system that gives him 75% strike rate and a RR of 1, his break even on nifty is 5 points, then

4 trades, 3 success with 10 points profit on each trade, 1 sl with loss of 10 points, brokerage of 20 points on 4 trades, he ends with nothing to take home.

Painfully true.

 

[San Yad]

What is current situation for NF?

I see 5580 crossing seems tight now. So should we short at that level?

 

[trader.trends]

12:35 bar: 10 point bar on a pathetic vol of 57000. On a day of low volume and narrow range, should lock up keyboard.

 

[trader.trends]

That was the reaction to Europe opening in blue.