iCharts Discussions

[smartcancerian]

Below 6221, contra short trade as per contra trade setup but I am not confident about initiating short as it is very very risky..but as Veeru says "Remove your mind & chappal outside the trading room & be with your SL"....gathering courage for this trade...lets see..

[smartcancerian]

I will initiate long position above ystday long..or let the pattern get complete inbetween

[kommall15]

What is the meaning of Bullish Rejection???

[smartcancerian]

Ready for contra shorts(set up complete)..below 6241..

[smartcancerian]

Shorts active for me @ 6240(slippage)..SL is 6271..But this is risky..if mkt is unable to breach day low of 6223, then will have to re-think on this trade..lets see..

[smartcancerian]

EOD exit @ 6252..the market didn't oblige me today..it remained in a very narrow range today..also making Inside bar on EOD charts possibly..will re-look tomm again for entries..
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
Net pts (trade:5) = -12 ; cumulative = -4

[smartcancerian]

Fresh shorts to be initiated @ 6218..Due to election results hangover...this is diacy..the mkt can surprise any time..

[smartcancerian]

Longs entry is above 6267..but more confirmation only above 6275

[smartcancerian]

Will Try to short at bearish rejection of 5tf @ 6230..lets see..

[smartcancerian]

Shorts didn't trigger, meanwhile longs gots triggered at 6251(above today day high) ..SL is 6222..

[smartcancerian]

SL hit for longs.. .. shorts to be active below 6218

I think, this was the mistake..i tried longs early & punished..
""Longs entry is above 6267..but more confirmation only above 6275"""

[smartcancerian]

Shorts active @ 6218..SL @ 6256

[smartcancerian]

Finally...lungi dance...lungi dance..

[smartcancerian]

Still the position is not clear..trade is in less than 10 pts gain..so i have to exit the trade at 3.28 pm @ 6211
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
Net pts (trade:5) = -12 ; cumulative = -4
Net pts (trade:6) = -29 ; cumulative = -33
Net pts (trade:7) = 7 ; cumulative = -26

[smartcancerian]

The market surprised today morning...EOD exit of short of yesterday saved my lungi..I expect market to be choppy & range bound till monday mrng(on that date another surprise might be unfolding)..So for me, its No Trade Zone..till i get entry with a SL of my comfort..