Scalper's Forum

[devangan123]

can you explain what are these lines and how do you interpret the signal ? i am also having TT Advance.

to learn how to interpret signal , see this thread http://www.traderji.com/technical-analysis/21-moving-average-trading-system.html or do search on google

And how to plot these moving average , right click on chart , set period = 1 minute and than select studies and click on Moving average , than set ur desired moving average

Devan

 

[niftychance]

NiftyChance

Dear its a broker software , TT advance from India Infoline

Nice, Liked the black background n colors

Thanks

 

[shanki99]

Hi Devangan

U had started a good initiative by posting ur understanding thru charts

Plz continue the same

We have been waiting to see more on a daily basis

Plz visit and post so that others can also benefit

Thanx a lot

 

[devangan123]

Hi Devangan

U had started a good initiative by posting ur understanding thru charts

Plz continue the same

We have been waiting to see more on a daily basis

Plz visit and post so that others can also benefit

Thanx a lot

Hello Shanki99

Sorry buddy can not post daily in market hours , 2 reasons for that , first never gets time during market hours second even if i could get time then also would not have posted , Why ? Because scalping process is divided into 2 process

1) Identification of stocks, i.e strong and weak stocks : Stocks who are strong in first hour may not remain strong after some level i.e after getting resistance , Say for example if i post here in morning that Bharti is strong today but after hitting its resistance it may be more favorable for shorting. and vice a versa

2) Identification of trading opportunity : Entry and exit are normally very fast that posting here will not help any body

Buddy I have told all my experience in above post on this page and in post on previous page. If you are not getting any point then please feel free to ask , Would suggest you to follow that process and do paper trading for 15 days than start trading with very less qty and after getting confidence move on to actual trading


Devan

 

[NOMINDTR]

Dear Devan,

Today I tested I used 8min and 5min cross overs.
It did work fine on 1 min chart.
I used it for entries with 1 min chart and used 5 min candles for exit . Habit
And I would appreciate your comments on 8/5 Moving Avg. on 5 min chart.
Any exit strategy and Stops?


Thanks

PS : Sorry for poor resolution of attachment

 

[devangan123]

Dear Devan,

Today I tested I used 8min and 5min cross overs.
It did work fine on 1 min chart.
I used it for entries with 1 min chart and used 5 min candles for exit . Habit
And I would appreciate your comments on 8/5 Moving Avg. on 5 min chart.
Any exit strategy and Stops?

Hello gsalvadi

Dear can not comment much on moving average crossover combination , that must be trader's personal choice , and choose combination after experiment in almost every type of market , like trending up , trending down and volatile markets.

Regrading time frame yes u are doing some thing wrong , 5 / 8 MA in 5 minutes chart = 25 / 40 MA in 1 minute chart , as u said this is ur habit then change a bit , use 2 or max 3 minute chart to exit .

While scalping exit should be fast enough , their is difference between intraday trading and intraday scalping , in scalping i exit according to stock type (a) , (b) or (c) , which i mentioned in http://www.traderji.com/day-trading-stocks/22291-scalpers-forum-25.html#post255730

Devan

 

[devangan123]

How and Why Scalpers Looses


Greed is just 5 letter word but had spoiled many scalpers traders and their families .

If a scalper is well determined that he will take only 1 to 2 % max gain in every trade , and when he saw same stock going in his direction far ahead where he covered this 5 letter word Greed comes in his mind . but he shakes himself that no i am not here to greed i will take only 1 to 2 % max gains , no more than that.

But on trending days when stocks moves in one direction whole day with market and scalper books profit at 1 -2 % and and even after that stock continues same direction , once scalper shakes his mind , second time also succeeds but third time he comes in trap and from here downfall of scalper starts and even best of scalpers start loosing .


Easy to say but very hard to implement , NEVER GREED WHILE SCALPING , trade only for 1 -2 (max to max) for every trade and start looking new opportunities instead of staring same stock's chart


Devan

 

[NOMINDTR]

Dear Devan Thanks.
Let me work it out.

 

[pantar]

WCB buddy
tere bin
ye thread soona soona lag raha tha itna din

 

[vinod304]

Good thread.. Thanks to trader111 and Devan

Can somebody advise on Which is thre reasonable time frame for Intraday candlestick chart..? Is it 1 day/3 minute chart..??

Vinod