iCharts Discussions

[smartcancerian]

Nifty opened with a Gap..Now 5tf is in uptrend & 15tf is in dntrend..both sides tradeable (tricky)....long triggered @ 6157 (SAR @ 6103) above 5mint ORB (risky trade & SL is more as per my own MM, but taken..) lets see..

[kommall15]

Sir, can u post chart??

I will get some idea from it.

thanks and regards,
Mr. Kommall

[smartcancerian]

Sar moved to 6038..if trade is nt in favour by more than 10 pts at 3.28..i will exit the trade..

[smartcancerian]

Sar hit..now short @ 6038..

Net pts (trade:1) = -19 ; cumulative = -19

[smartcancerian]

Exiting this short trade@ 6160 also as day trade..not in favour

Net pts (trade:1) = -19 ; cumulative = -19
Net pts (trade:2) = -22 ; cumulative = -41

[smartcancerian]

[singh.ravee]

see if isl was placed at gap, it wud have survived. tomm we may gap up.

tats why i become skeptical as and when isl becomes too large for run-away entry in trend.

rgds

[smartcancerian]

[singh.ravee]

as per chart gap sl is not hit, we will take some filter also

[smartcancerian]

Long taken at 5tf ORB again as nifty opened above my buying pt..so waited for 5 mint candle to complete & initiated my position on its high @ 6172..
Superfast Move.the move took 15tf DSP also @ 6190 (dec series)..Both 5tf & 15tf are aligned now..Contra worked..Looking to lock some profits in this accelerated move..the mkt might get sideways for some period..Will seek another opportunity to re-enter..

[smartcancerian]

Finally deciding to lock 50% of my monthly target (100 pts a month) achieved in less than an hour..can't control it although my system & mentor told me to stay in trade..booked @6218.(pure subjective exit, I may be proved wrong by the market, lets see)..

Net pts (trade:1) = -19 ; cumulative = -19
Net pts (trade:2) = -22 ; cumulative = -41
Net pts (trade:3) = 46 ; cumulative = 5

[smartcancerian]

Long above day high after waiting for 1 mint from mkt opening @ 6247..SL is 6204 (bit more but can't do anything on this)

[smartcancerian]

TSL is now 6250...time for price to touch 34ema of 15tf...possibly next trade will be of 15tf bullish rejection...

[smartcancerian]

TSL hit @ 6250

Net pts (trade:1) = -19 ; cumulative = -19
Net pts (trade:2) = -22 ; cumulative = -41
Net pts (trade:3) = 46 ; cumulative = 5
Net pts (trade:4) = 3 ; cumulative = 8

[smartcancerian]

Bullish rejection is ready at 3pm..but it didn't trigger for me till 3.05 pm ( I don't take fresh trade after 3.05 pm , as the time remains is less---Rule)..so holding no position..Tomm. definitely is interesting..