iCharts Discussions

[riyan]

Hi RoyalTrader,

Your analysis is very good, last to last week I entered the rally quite late and missed a lot of profit. Then I came across your post and found you had realized it at the beginning of the rally just when the trend changed. Keep up the good work. We are benefiting a lot from your TA.

Thanks
riyan

[RoyalTrader]

Thanks for your encouraging comments riyan

Ragards,

RT

[acharyams]

sir,
Should one go short if spot breaches 5970 on intraday basis on Monday?

[RoyalTrader]

Dear acharyams,

Is it 5970 or 5790?
Kindly clarify..

Regards,

RT

[acharyams]

sorry, typing mistake, it is 5790

[RoyalTrader]

Dear acharyams,

If you are ready to take risk then yes you can short below 5790 with a s/l of 5820 and a target 5730 all spots.

My trailing stoploss levels should not be taken as SAR levels.. Agressive traders can do so but not advisable to all..

I always mention when to open fresh long or shorts and when to book profits..
Make an habit of booking profit, dont let greed to take control of your emotions, trade and finally money...

Regards,

RT

[casper]

hi rt, gr8 thread bro

but nowadays u r not updating the thread about trading psychological and money management, ur professional and enthusiastic approach in nifty and banknifty is making me demand more from u

plz try to cover the topic u once started if possible

[RoyalTrader]

Welcome casper,

Thanks for reminding me, going forward i will update the thread regularly.. Now a days there is a need to discuss about the psychology aspect of the trade, trading tactics etc. I will do the needful...

People are learning a lot from experienced traders like you.. Keep rocking...!!!

Regards,

RT

[ashis]

Dear sir,
Can you clearify what's the meaning of SAR levels.
I refer your blog first time so I can't undestand.
Hope you will reply me.
Regards
Ashis

[RoyalTrader]

Dear ashis,

SAR is a technical term, which means stop and reversal. It is normally use for trailing stoploss.

If you are long at say 5800 in nifty and now nifty is trading at 6100 and your SAR level is say 6050, then it means below 6050 you will not only exit long but also initiate short (reverse postion) position in the market..

In my posts i only mentioned trailing stoploss and not SAR.

Hope your concepts are clear now...

Regards,

RT

[ashis]

Dear RT
Thanks for information.
Hope your guideline will help every one for earning.
Regards
Ashis

[RoyalTrader]

Stoploss mentioned yesterday 5790 spot...

Today market gave another (mostly last) opportunity to go long.. Who made money..?

Today was a trap for bears..

Understand the power of SMART MONEY

Just follow it and enjoy...

Regards,

RT

[sherbaaz]

[Ravi_S]

Baaz, can you explain what this SMART MONEY concept is all about? I'm new...

[sherbaaz]