Thoughts on Day/Swing Trading Part 2

[VJAY]

still waiting for reply...

when your 1st s/lhit and looking flat MA you may skip next trades ..Falt MA indcates sideway actions,,,Then when we can enter again?....wait for another pvt(even agg) below your entry pvt...My views

 

[VIKAS 21]

ST Sir

COnfused about this trade....

1. shorted at point 1 as this was a breakout failure...

2. covered at point 2 & went for long , as hammer at previous support level & big bullish bar...

but SL hit ....

This trade was looking very gud, but after hitting the SL i am very confused....

How will u trade this trade???

would u prefer to go short again below the hammer with SL at high of hammer??

Thanks

 

[friendforevers0007]

st sir vwap on long side consider for today

 

[VIKAS 21]

Price action demonstration as per my knowledge .......

1.Bullish engulfing pattern ,, go long.

2.Bearish engulfing pattern at previous resistance, not any strong bearish bar to confirm it, price in a range consolidating there, can use some filter to avoid get trapped.

3.Big bullish bar above resistance indicating breakout, next bar is a small red bar, after that price coming down, finally breaking low of that breakout bar, indicating breakout failure..

4.A doji, indicating indecision..

5. big bullish bar ( bullish engulfing pattern) at previous support level, but next bar again a red bar, price again coming down, not a successful pullout...

6.again price in a range..

7. Big bearish bar with wick at low indicating support at low level,,

8. Three bars under one big bar ( waiting for breakout)

9. very Big bullish bar cracking the high of strong bearish bar, indicating trend reversal...

 

[midas touch]

ST Da,any trade here?
just backtesting.
If ST da is busy,others too can answer it.

tnx

 

[VIKAS 21]

ST Da,any trade here?
just backtesting.
If ST da is busy,others too can answer it.

tnx

Look for a breakout failure trade as this area is looking previous resistance area....

 

[Alfred595]

Re: Thoughts on Day/Swing Trading

st ji one opinion any idea about how much tgt of this trend breakout above 5250??

 

[Smart_trade]

Yesterday when NF took out 12:55 pivot high, its short term trend changed to up. In April NF 5 min chart, 12:55 pivot high was a trend decider....once it was taken out, market went higher....but there was a strong chance that the upmove could have failed near 5667-5672 resistance levels, market finally broke that pivot high and announced that it wants to trade higher which it did till the end of the day..

Smart_trade

 

[trade4joisar]

Yesterday when NF took out 12:55 pivot high, its short term trend changed to up. In April NF 5 min chart, 12:55 pivot high was a trend decider....once it was taken out, market went higher....but there was a strong chance that the upmove could have failed near 5667-5672 resistance levels, market finally broke that pivot high and announced that it wants to trade higher which it did till the end of the day..

Smart_trade

Hello ST sir,

Why you dont consider pivot high broken around 12:00 i.e. 5652 as a trend change ?

As i can see you have drawn TDST also, it was based on that ?

Or is missed the way pivot high is calculated?

 

[Smart_trade]

Hello ST sir,

Why you dont consider pivot high broken around 12:00 i.e. 5652 as a trend change ?

As i can see you have drawn TDST also, it was based on that ?

Or is missed the way pivot high is calculated?

There is a reason for that. The market has to pivot above the red line drawn and take that pivot out for a trend change. The red line is at 5659.

Before 5659, the upmove could be in the form of a flag.

Smart_trade