Trading as a part time profession.

[MINITRADER99]

Thanks Rajendrani for beautiful chart with beautiful presentation.

 

[ag_fx]

Patience is the Key....Clearly demonstrated in charets today....Patience and confidence over your trading strat...2 swift movements for good enough gains for the day...

NIFTY Fut & Reliance

Happy Trading

 

[kiranb]

This how my analysis went.

Nifty gave breakout above channel(Marked with color aqua).

Here we can see triangle from yesterdays and todays charts but it is not to be trusted because:

1. Volumes also not confirming the triangle Break out
2. The breakout happened near the apex

In my view it is better to treat the upper line as just support/resistance trend line.

 

[ag_fx]

This how my analysis went.

Nifty gave breakout above channel(Marked with color aqua).

Here we can see triangle from yesterdays and todays charts but it is not to be trusted because:

1. Volumes also not confirming the triangle Break out
2. The breakout happened near the apex

In my view it is better to treat the upper line as just support/resistance trend line.

Can you please let mw know what is your data feed source? i mean for the charts and hw mch are u paying for it?

 

[pkamalesh]

Can you please let mw know what is your data feed source? i mean for the charts and hw mch are u paying for it?

I think thats iEOD Into Ami..

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[ag_fx]

Rajendrani,

What is the filter that you use on the daily charts? And what about the position sizing?Do you follow saint's method of position sizing before entering a position?


I have been doing the 5 min flow for some time now and I am quite troubled by some whipsaws. THough, I have been able to close the book in green on daily basis after deducting brokerage and taxes since April 1(thats when I started 5 min flow), I am a little stressed out over the results. The markets have trended really well in the current month and that has given enough oppurtunities to trade ffor green. However, it has happened many a times that my filters just get taken off and market reverses. I increased the filters in last week, and the problem still persists.
What would you say about it kiran? I am a little concerned about having good filters as they havent been satisfactory.

Happy Trading