|
|
| View previous topic :: View next topic |
| Author |
simply trendlines |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #46  Posted: Sat May 04, 2013 11:43 am Post subject: Re: NIFTY MONTHLY |
 |
|
| chetan83 wrote: | | vinay28 wrote: | saumya, it's a AT and not a -ww as there is no rising wedge.
Target of that AT BO = about ((0.75 or 0.6 *4080)+6330. |
Thanks Vinay for assuming the price target to be 6330......but if u take it as CUP AND HANDLE pattern then theh target will be 6900++
Saumya had scared me with 3500.....but anyway we should be prepared for such scenarios as well... |
Chetan I never said target is 6330. see the formula. For reasons that I don't understand 0.68 as appeared as 0.6 and a smiley. Target range is 9104-9390 while CnH target is 6900 and not 6900++. |
|
| Back to top |
|
 |
|
| |
deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
|
| Post: #47 Posted: Tue Feb 11, 2014 7:41 pm Post subject: |
|
|
Bhartiartl -weekly ......sitting on support line.
Could go down if it breaks 300. |
|
| Back to top |
|
|
deepakms
White Belt
Joined: 13 Aug 2009
Posts: 194
|
| Post: #48 Posted: Thu Feb 20, 2014 1:10 pm Post subject: |
|
|
| Bhartiartl broken 300 level, if ir continues down next support at 279. |
|
| Back to top |
|
|
SUNIL_PATIL_34
White Belt
Joined: 29 Sep 2009
Posts: 72
|
| Post: #49 Posted: Mon Feb 24, 2014 1:33 am Post subject: Re: simply trendlines |
|
|
i heard many times this money management rather than systems;
its right we have proper money management but also u r system wil be proper other wise u wil triggered 1000 rs sl daily and vanish u r all capital
| opportunist wrote: | | bharatpatel wrote: | | opportunist wrote: | | bharatpatel wrote: | | opportunist wrote: | | bharatpatel wrote: | Dear Friends,
After using all available lower indicators like MACD,STS,RSI and Upper Indicators like B B and EMA's and SMA's and their crossovers, ENVELOPES and donchain, then there is PIVOT and Fibo ratios ... Means didn't spared any of that ......
But ground reality is that my ledger A/c. is huge debit. I am tired and never got any pay out cheque from my broker i have always given it to clear my debit.
Now , I am of the opinion that nothing works properly. Or i am not able to understand any of that after 9 years of trading or i am not able to take timely decision to enter or exit from position.
Now i have last couple of lakhs rupees and decided to trade using only trend line. My stop loss is calculated as 50000 rupees and will trade only either side trending script and breaking that trend line mwans exit from that trade. All matters regarding trend line trading will be strictly followed. If this amount is wiped out then good bye for ever to stock market.
I am here with attaching my first trade taken in RELINFRA.
After gathering lots of courage from my inner self i entered long at 6 dec 11.25 am candle at price of 500.10 and exited 7 dec 11.20 candle at price of 515. (used 5tf chart)
For those who masters trend line trading pls help me to make my trading better (profitable 
Bharat..... |
Feel very sorry for you Mr. Patel. The problem is not with the indicators but your risk management I feel. I think you let your losses run long while making small profits at times. Just the opposite you should do. Cut your losses to minimum and let your profits run. Lots of stuff floating around on money management on this forum and net. Please educate yourself on the same. Till then your new found method too will let you down. I guarantee.
Regards,
Opportunist |
Dear Oppo,
U r correct i think i am slow learner plus dont know anything about position sizing and money management too. But i think TL trading will help me to be in discipline as we can visualize the same on screen. One more thing after loosing that much if i wish to recover all that i surely plat the big bats with proper entry-exit plus tight stops.
Thanks
Bharat. |
Bharat reading your reply I feel anger, sadness and a bit of humour too - all at the same time. Let me explain.
Anger, because knowing fully well that you have a large leak in your bucket you are still hell bent on storing water (read- your money) in it.
Sadness, because you dont seem to get your attitude right despite knowing that the basic problem with your approach despite is money management. It saddens me that you seem to be imprisoned in your thought process to try out another method and not taking any lessons from 9 years of loss of you know how many lakhs.
Lastly humour is in the fact that even with this universally known faulty approach which you too realise is faulty, you are thinking of recovering your losses.
Good luck Bharat, but all my senses say that you will soon run out of your remaining money which in a way will liberate you out of this nonsense altogether.
Regards,
Oppo |
Dear Oppo,
I am also in doubt but what can be done ? |
Before every trade decide how much you can lose. Never lose 2% of your trading capital (money you have got for trading) and 1% of your committed capital (capital which you have put down for the trade). Set Stop loss orders whenever you lose this much.
Say you have 2 lakhs trading capital and have entered into nifty with 1 lakh rupees. Then you should exit the trade the moment you have lost 1000 rupees.
But then you should also know profit target. Usually 1.5-2 times your SL. So when you make 1500 to 2000 you exit.
If you lose more than 4000 in a day (2% of 2 lakhs - your trading capital) then stop trading for the day.
try to follow this rule. It should work.
Regards,
Oppo |
|
|
| Back to top |
|
|
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
|
| Post: #50 Posted: Mon Feb 24, 2014 8:08 am Post subject: |
|
|
Hello Bharat
I wanted to avoid spaming this thread with a different topic which you have posted here, but still wanted to post my view since your writing look very sad to me.
Sunil and Oppo are right in their sayings.. and I appreciate their views.
Unless people trade stocks to the direction of Nifty, they don't make money in market in Day trading.. For positional trading, all that one needs is a patience to achieve the targets and stomach to take fairly big stops.
Please understand, technical analysis is not a science and its only about probabilities and you can never have rational tool for irrational nature of market. Therefore, don't get frustrated with technical tools and you need to develop a system of your own to your style of trading.
Good Luck & Trade Well!! |
|
| Back to top |
|
|
singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
|
| Post: #51 Posted: Mon Feb 24, 2014 9:38 am Post subject: Re: simply trendlines |
|
|
| bharatpatel wrote: | Dear Friends,
After using all available lower indicators like MACD,STS,RSI and Upper Indicators like B B and EMA's and SMA's and their crossovers, ENVELOPES and donchain, then there is PIVOT and Fibo ratios ... Means didn't spared any of that ......
But ground reality is that my ledger A/c. is huge debit. I am tired and never got any pay out cheque from my broker i have always given it to clear my debit.
Now , I am of the opinion that nothing works properly. Or i am not able to understand any of that after 9 years of trading or i am not able to take timely decision to enter or exit from position.
Now i have last couple of lakhs rupees and decided to trade using only trend line. My stop loss is calculated as 50000 rupees and will trade only either side trending script and breaking that trend line mwans exit from that trade. All matters regarding trend line trading will be strictly followed. If this amount is wiped out then good bye for ever to stock market.
I am here with attaching my first trade taken in RELINFRA.
After gathering lots of courage from my inner self i entered long at 6 dec 11.25 am candle at price of 500.10 and exited 7 dec 11.20 candle at price of 515. (used 5tf chart)
For those who masters trend line trading pls help me to make my trading better (profitable
Bharat..... |
search for a thread under forums, written by "as4manju".
real nice work on TLs
hope it suffice |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
