Nifty : Real time discussions...!

[bornfree]

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HEY BORNFREE...

I DONT HAVE OR USE AMIBROKER OR ANY OTHER ADVANCED CHARTING TOOLS FOR MY TRADES... NOR DO I BREAK MY HEAD ON TOO MUCH MATHS LIKE PIVOTS, SUPPORTS, RESISTS, FIBOS, GANNS, STOCHS, RSI,..AND ON AND ON............

I JUST DRAW THE TRENDLINES ON YAHOO CHART..WHICH I GET FREE ON THE NET... THATS IT...

YOU CAN SEE BY URSELF ON THE IMAGE...WHERE I SHORTED AT 4920 AND COVERED AT 4868.5 AND REVERSED TO LONG FOR TARGET OF 4930 ON SPOT...

BUT STILL LEFT TOO MUCH ON THE TABLE...

IT WENT TO 4975 AFTER THAT....

StockNanban, How long have you been trading with trend lines, have you maintained any records of pass/fail sorts?

Thnx!

 

[.Pride.]

today's trade...

 

[sumeetsj]

Bought Aug 4900 CE at 7.80

 

[PGDIMES]

Bought Aug 4900 CE at 7.80

Kept 10 lots @ 5... lekin nehi mila...

 

[sandramartini]

none

Certainly. I agree with told all above. Let's discuss this question.

 

[.Pride.]

this was today's trade...

 

[sumeetsj]

Bought Aug 4900 CE at 7.80

Bought more at 9.10, and got out at 14.20.
It was an unplanned trade though.
Only 12 lots in all.
(I traded long, in OTM options, for the first time after 3.5 years)

 

[.Pride.]

small loss today...closed the terminal

 

[casonite]

small loss today...closed the terminal

This is still impressing. You've kept your losses small despite a good lot size. From what i have understood the single most important rule for success in market is to let your profits run and cut your losses to a smaller size. You've been able to do that.

 

[ambarish123]

ok this is a bit noobish(a lot actualy)but how do i draw trend line?i don knw which end of which candles to join