price action trading

[saakk]

I am tempted to move my SL below the last bull bar but i am expecting price to fill the morning GAP open, price can pull back to test the breakout area.... lets see....

 

[saakk]

SL triggered...............

 

[saakk]

[/URL] Uploaded with ImageShack.us[/IMG]

 

[akrsrivastava]

[/URL] Uploaded with ImageShack.us[/IMG]

I took just one trade on this..Went long @60.20 at the breach of the pinbar (which you have mentioned in your third trade) with a target of 60.4

 

[saakk]

[/URL] Uploaded with ImageShack.us[/IMG]

 

[saakk]

We can safely state that a core of a typical trader's misery lies a very simple fact that is often overlooked. A typical trader does not look upon his trading as a business. As a consequence, he approaches the market without any business plan. This is a classic and very common mistake that, strangely enough, somehow seems to come with a territory. In almost any other field, a sloppy attitude towards one's own PROFESSION will quickly stand corrected. Banks will not grant credit without seeing a proper business plan; partners will not hook up when confronted with a flaky organization; if one carries a flimsy product, customers will soon play judge and jury. Yet when it comes to trading, the freedom is overwhelming, the anonymity complete. A trader could simply decide not to take any responsibility at all, to hide himself completely in a make-believe world, to deviate at a whim from whatever rules he laid out for himself and not give it a moment's thought. He has not customer to satisfy, no partner to answer to, no banks to please. As long as there are still funds left to trade, it just so easy to entertain the illusion that things will turn around, that good times will come and that eventually the inevitable profits will come falling from the sky.

Bob Volman

 

[saakk]

Vol. of 1700cr in an hours (usdinr), How does scalper suppose to make profit without volatility????????????

 

[saakk]

[/URL] Uploaded with ImageShack.us[/IMG]

 

[saakk]

3 hours and only 1600 cr turnover.

 

[saakk]

The most boring day of the week, from 25000 cr to 4500 cr vol. what a growth.