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My Failed trades |
Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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Post: #16  Posted: Fri Oct 15, 2010 6:44 pm Post subject: |
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Adding to what PT said, wait for a convincing CLOSE above these levels.
| ProTrader wrote: | Kanna:
always keep some filters (though they may be hit too). If you were looking for Pivot as your SL, I would add 3 to 5 points as a filter or infact any S and R levels. Generally there is a high probability that they will get hit as many traders are watching them or trading with them. Anyway, getting SL hit was not a problem, not re-entering the trade was, which you already know.
You will become a fine trader soon..make sure you remember yearly sub then
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PT  |
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chrome
Yellow Belt
Joined: 28 Dec 2009
Posts: 645
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| Post: #17 Posted: Fri Oct 15, 2010 10:11 pm Post subject: |
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| my recent failed trade..hero honda..200 ema got broken. Monthly pivot got broken, 20 ema got broken...bought good chunk at 1825 ..held till 1895 ..waited for 1900 only !! But didnt booked loss 2day..a failed trade this time.. |
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solanki
White Belt
Joined: 12 Feb 2007
Posts: 155
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| Post: #18 Posted: Sat Oct 16, 2010 9:42 am Post subject: |
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| kanna wrote: | My first trade today was shorting DLF at rejection from 89ema in 5min charts and also daily pivot. with SL above both. It was giong fine. three times it tested 382 - 381 levels and bounced. Marked in chart. though my targets are S1 which is 379.1 and then S2 which is 375 around, covered prematuredly at 382 levels itself. once i covered immediatley in two candles it touched S1. and later S2 also. 
Learnings:
Even in intraday also just trail our stop loss only. Dont bring your targets front.
When I have finalised the SL as closing above 89 ema, I should have respected it (though the market respected it)
Give the market some time.
Missed out the balance 8 pts from my target . booked only 3 pts.  |
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #19 Posted: Sat Oct 16, 2010 12:25 pm Post subject: |
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kanna your angle its a failed trades.....think other side...its a good trade.... always u shd know others strength.... automatically u will know your strength dear... if u search on about white crows.... then u will all the stories about
black crows...
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rafiamer
White Belt
Joined: 24 Sep 2010
Posts: 14
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| Post: #20 Posted: Sat Oct 16, 2010 2:03 pm Post subject: |
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hi,
what is the meaning of rejection of 89ema & pivot is it reversal |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #21 Posted: Mon Oct 18, 2010 10:54 am Post subject: |
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| rafiamer wrote: | hi,
what is the meaning of rejection of 89ema & pivot is it reversal |
hi rafi
i am referring to the price touching 89ema(5min charts) or Pivot (which is available in icharts-RT) and getting returned without surpassing it . |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #22 Posted: Mon Oct 18, 2010 11:13 am Post subject: |
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| ProTrader wrote: | Kanna:
always keep some filters (though they may be hit too). If you were looking for Pivot as your SL, I would add 3 to 5 points as a filter or infact any S and R levels. Generally there is a high probability that they will get hit as many traders are watching them or trading with them. Anyway, getting SL hit was not a problem, not re-entering the trade was, which you already know.
You will become a fine trader soon..make sure you remember yearly sub then
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PT |
thanks PT. i will do this.
and also if there is no post from me for 15 days, then pls check. I would have made annual subs. |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #23 Posted: Mon Oct 18, 2010 11:26 am Post subject: |
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[quote="Ravi_S"]Adding to what PT said, wait for a convincing CLOSE above these levels.
dear ravi, for intra on stocks i think it is little tough to wait for close above these levels. I am sure this will avoid lot of whipshaws. But in intra where we are looking for a target of 2 to 4%, if we wait for CC then some times our loss is exceeding target. I have tried this earlier. but now sticking with price only. Because normally in stocks the move is very wild. But i like to follow this for NIFTY where it is very good to follow CC. Just my view. may be wrong.  |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #24 Posted: Mon Oct 18, 2010 11:41 am Post subject: |
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| veerappan wrote: | kanna your angle its a failed trades.....think other side...its a good trade.... always u shd know others strength.... automatically u will know your strength dear... if u search on about white crows.... then u will all the stories about
black crows...
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thanks veeru. |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #25 Posted: Mon Oct 18, 2010 4:33 pm Post subject: |
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Today NO failed trade 
because today no trade at all. 
as i had a bearish bias in mind, missed all the long signals. |
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mmanoj
White Belt
Joined: 05 Apr 2009
Posts: 2
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| Post: #26 Posted: Mon Oct 18, 2010 7:41 pm Post subject: Solanki Ji |
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Hello SolankiG
It would be great if u tell which charting software u used in your previous charts
Thanks |
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #27 Posted: Thu Oct 21, 2010 3:04 pm Post subject: |
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Yesterday's quota
Bought sesagoa at 351.15 average since there was a bullish divergence. with support at (SL) pivot which was at 348. The worry is 5min 89ema and 34 ema are above the price.
price went upto 352.8 levels. noticed later only that weekly resistance was there. price hit stop loss and booked loss.
1. should trade in the direction of the trade. should avoid going long below 34 and 89 and vice versa.
2. should note weekly pivot levels also before entering the trade. (But noticing all this will not allow me to enter the trade.)
3. later noticed that this divergence was due to the small price gap. Should not consider divergence in the opening hour. |
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tripathi_manu
White Belt
Joined: 27 Dec 2008
Posts: 62
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| Post: #28 Posted: Thu Oct 21, 2010 8:42 pm Post subject: execllent work |
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Hi kanna,
tussi great ho.
u people will make this site gold mine, by adding such contributions.
kudos
manu tripathi
jaipur |
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tripathi_manu
White Belt
Joined: 27 Dec 2008
Posts: 62
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| Post: #29 Posted: Thu Oct 21, 2010 8:53 pm Post subject: a pic speaks for a thousand words. |
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| chrome wrote: | | my recent failed trade..hero honda..200 ema got broken. Monthly pivot got broken, 20 ema got broken...bought good chunk at 1825 ..held till 1895 ..waited for 1900 only !! But didnt booked loss 2day..a failed trade this time.. |
Hi crome,
it would have been good, if u would have posted the chart as well.
ur post does not suggest how u closed the trade, and with how much profit loss. so it is difficult to suggest anything further to ur trade.
cant do postmortem 
Regards
manu
Last edited by tripathi_manu on Thu Oct 21, 2010 9:36 pm; edited 2 times in total |
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tripathi_manu
White Belt
Joined: 27 Dec 2008
Posts: 62
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| Post: #30 Posted: Thu Oct 21, 2010 8:56 pm Post subject: |
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| kanna wrote: | Today NO failed trade
because today no trade at all.
as i had a bearish bias in mind, missed all the long signals. |
A suggestion, pls post the chart even if u have not traded, as loosing time is also a loss. why did u had bearish bias ? if u follow technicals obviously ur mindset should be non-biased. u use a machine to trade. decision should be machine like.
regards.
manu |
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