Trading as a part time profession.

[kiranb]

Thanks kiran for your valuable inputs.
The idea suggested by you is fairly well taken. One case use patterns at his or her own comfort levels. For me, not all patterns are comfortable and I have not had good screen exp with them so far.
But, your suggestion is worth keeping in mind as it surely increases your profits on daily basis. Also, as harsh said, some people would find it better to keep away from patterns when following the flow method. The reason is that at times it contradicts the flow theory. Like, i mentioned some time back that a break of trendline on RIL made me stop out, which otherwise would have been a great trade.
I guess it needs more screen practice before a comfort level can be found.

Thanks for ur suggestion

One needs lot of experience for trading TLs, Watch out KISS thread. u can learn so much there. Ajax is very good in that one and very good teacher too.

 

[ag_fx]

One needs lot of experience for trading TLs, Watch out KISS thread. u can learn so much there. Ajax is very good in that one and very good teacher too.

cud u plz direct me there?
or may be post the link here?

 

[pkamalesh]

cud u plz direct me there?
or may be post the link here?

http://www.traderji.com/technical-analysis/12686-kiss-like-mcgrath.html

 

[pleaseharsh]

Hi pleaseharsh, nice to see u after long time, how are u?
coming to pattens with 5 min visual pivots they really add flavor to trades, yeah i really love trading pattens. Just try them and enjoy.

for example look at 17 april charts which i have posted, i entered short trade when the channel is broken, and in second gartley we got one visual pivot instead of exiting there, in fact i added short at the top at "D" of Gartley and exited all my trades when Inverted h & s neckline is taken out. entered short at wedge resistance like keeping SL above that descending broadening wedge which gave me very good profits.

Watching volumes in the trends also give u good clues.

i am posting some interesting pattens in this thread when i see them.

kiran

i m good pal...long time not seen !!! yeah not written before in this thread ..else do post in 30tf .... that 17th chart trade description is full of patterns....gartley...never heard of it before.. ..practically i get lot confuse between triangles & wedges though theoritically i know....... neways thanx for detailed trade...will try to learn the patterns in deep from u ppl....

 

[rajendrani]

Good profits as for a part time trader,
I will be back after two weeks, till then everybody bye and take care of yourself and happy trading.

Thanks and regards,
rajendrani

P.S. I had some other work thats the reason i exit my trade otherwise the long would still be in place.

 

[rajendrani]

 

[rajendrani]

 

[ag_fx]

The day started off on a jittery note with two consecutive loss trades. However, clear trending towards the EOD made the book close in comfortable green.

 

[kiranb]

The day started off on a jittery note with two consecutive loss trades. However, clear trending towards the EOD made the book close in comfortable green.

hi ankit,
Here that first pivot which you are showing is not visual pivot, because the 2 red bars after the green bar are inside the green bar. So we don't consider that is pivot. Today we got only two trades which i am showing in the charts.

 

[columbus]

Good profits as for a part time trader,
I will be back after two weeks, till then everybody bye and take care of yourself and happy trading.

Thanks and regards,
rajendrani

P.S. I had some other work thats the reason i exit my trade otherwise the long would still be in place.

You really deserve VACATION with so much of profit.