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Old 27-05-2015, 10:46 PM
manoj agrawal manoj agrawal is offline
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Default Rome was not built in a day.

Will be posting my trading here. Hope it will improve my trading.

I have taken a short trade today June series @ 8345.
Stop I can afford is up to 8500.
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Old 28-05-2015, 12:08 PM
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Originally Posted by manoj agrawal View Post
Will be posting my trading here. Hope it will improve my trading.

I have taken a short trade today June series @ 8345.
Stop I can afford is up to 8500.

Thats OK you took short,and decided the stop also.
question to ask yourself are,

1)what is Leading Direction cue supporting this short ?
2)Which time frame you decided to base for your short trade ?

btw have an eye on any development above 8360 even if with June contract prices, if it happen then consider this as a trouble for your short trade.
But do not cross your trade till your decided stop hit.

https://www.bigmiketrading.com/tradi...tml#post496542
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Old 28-05-2015, 07:42 PM
manoj agrawal manoj agrawal is offline
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Weekly time frame I used as leading direction and trade is taken on daily time frame.
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Old 29-05-2015, 11:05 AM
manoj agrawal manoj agrawal is offline
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Trouble time for short trade ?

Why I not gone with long trade
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Old 30-05-2015, 01:55 AM
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Originally Posted by devdas View Post
...................
1)what is Leading Direction cue supporting this short ?
2)Which time frame you decided to base for your short trade ?

Originally Posted by manoj agrawal View Post
Weekly time frame I used as leading direction and trade is taken on daily time frame.

Originally Posted by manoj agrawal View Post
Trouble time for short trade ?

Why I not gone with long trade

You are trying to solve question of 9th class from 11th class book. Do you expect to get that ?
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Old 01-06-2015, 10:24 AM
manoj agrawal manoj agrawal is offline
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Originally Posted by devdas View Post
You are trying to solve question of 9th class from 11th class book. Do you expect to get that ?



pl explain what is wrong ?
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Old 01-06-2015, 10:26 AM
ashis_ch ashis_ch is offline
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I think 150 points stop is a bit wide , but it is ok if it goes with your trading plan
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Old 01-06-2015, 10:42 AM
manoj agrawal manoj agrawal is offline
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Originally Posted by ashis_ch View Post
I think 150 points stop is a bit wide , but it is ok if it goes with your trading plan

Honestly Ashish Ji , I am trying to build a trading plan with help of expert traders like you and others of the forum. But this will be long ptocess . I took first step now I am reading for more input from others system also.

I see how trade goes but currently feel trade hanged in RBI policy.
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Old 01-06-2015, 10:46 AM
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Originally Posted by ashis_ch View Post
I think 150 points stop is a bit wide , but it is ok if it goes with your trading plan

Actualy 150 points stop is too less if u are trading with help of weekly charts

In weekly charts range of 1 bar is normally 200 -500 points for nifty.


@Manoj ji , better try to trade with help of daily charts or lesser TF
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Old 01-06-2015, 11:06 AM
manoj agrawal manoj agrawal is offline
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Originally Posted by Ashes View Post
Actualy 150 points stop is too less if u are trading with help of weekly charts

In weekly charts range of 1 bar is normally 200 -500 points for nifty.


@Manoj ji , better try to trade with help of daily charts or lesser TF

You r right. But I took trade on daily tf so 150 point stop looks appropriate in that.
I am waiting for explanation from devdas Ji , how and what I am doing wrong ?

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