iCharts Discussions

[welgro]

[welgro]

[welgro]

[welgro]

[welgro]

Nifty future exited at : 7786.60 ( loss : 84 points ) Nifty 7600 put exited at 78.50 ( loss : 31.50 )

Net loss : 115 points

Now holding 7700 call option ( carry this open position).

[welgro]

[welgro]

[amitagg]

[welgro]

[amitagg]

[welgro]

OI was not a primary tool for take decisions. It’s a big supportive tool with following charts movements.

Today morning 10:21 i have expected 7676 level is short entry (BOF)

I have already prepared this short entry in my morning post itself (7.02 Am)

Well I shorted at 12.20 as well updated my future entry positions.

After my short entry nifty future made low 7683.00 (12.20 pm)

But the problem is lower time frame second swing low breaks with very low volume 7676.75 (I has fixed "something wrong" about down move)

Then I have updated (14:51) if stop loss hit, hold 7000 call option for recover hedge loss.

{When you see this update you have a one big doubt. Welgro, once you noted something going wrong in your position, then why you not exit and continually holding short.}

After a long experience I mentally prepared once I fix my entry and stop loss, whatever been happen follow levels. (My trade ends with loss but I can analyse next movement without stress)

[mikky]

Appreciate the honesty and clear analysis. This is the sign of seasoned trader.
Rarely seen your trades hitting stop loss.

Keep it up Welgro!!!

[amitagg]

absolutely nothing better......

i) also learned that u can manage this "following level" mentally when ur position is managed and not over leveraged and entries have higher RR......

ii) in your case, since you plan entry immediate the "breakout" [ some like RR Sir as people call...i joined late..]...specifally remarked in Jt's thread that only on retrace of breakout

[welgro]

[quote="amitagg"]absolutely nothing better......

i) also learned that u can manage this "following level" mentally when ur position is managed and not over leveraged and entries have higher RR......

ii) in your case, since you plan entry immediate the "breakout" [ some like RR Sir as people call...i joined late..]...specifally remarked in Jt's thread that only on retrace of breakout

[welgro]

Nifty's intraday range on union budget day



Highest +ve in % : IN 2001 budget day range is 67.65 trading ended that day at 4.13% gain.

Highest -ve in % : In 2009 budget day range is 346.10 trading ended that day at -6.21%.