My daytrading

Discussion in 'Day Trading' started by Raghavacc, May 17, 2010.

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Did my thread made any difference to your trading?

Poll closed Feb 28, 2011.
  1. Yes

    12 vote(s)
    92.3%
  2. No

    1 vote(s)
    7.7%
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  1. rajputz

    rajputz Well-Known Member

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    Hi raghav. Nice intitative by you to discuss the day trading method. I have one request. Can you post the trades with charts in real time. It will be of great help, as we can interpret how you take buy and sell. Also mention the stoploss that you keep. Thanks alot. Once again, nice initiative.
     
  2. DanPickUp

    DanPickUp Well-Known Member

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    Hi

    I got a tip to read your post. I am not a newbie in no way. I got this tip in thread for newbies and so I checked it.

    I mean, what you write is surely a good thing.

    But now tell me, which newbie is going to understand that and using five minute charts ? Even intermediate trader will have a problem to follow your rules !

    Even than, thanks for showing your ideas and continue your good work for the ones which really can use and understand it.

    DanPickUp
     
    Last edited: May 18, 2010
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  3. Raghavacc

    Raghavacc Well-Known Member

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    Hi Dan,

    When you started learning say maths or Science did you ask your teacher how can I understand this complicated subject? No .Isnt it? If we have keenness to learn and grow there is no boundary .It will not matter whether its 5 minutes ,30 Minutes or 60 Minutes .The concept remains same.The concepts I am elaborating applies even to swing trading. Support ,Resistance, Shooting star,hammer all these have significance whether one understands or not.If one cant follow rules then he is not fit to trading markets.

    Its up to each individual to learn or not. If somebody has any issues they can stay away from this thread.

    Regards
    Raghav
     
  4. Raghavacc

    Raghavacc Well-Known Member

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    Hi Rajput,

    As of now I am not fast enough to do both trading and posting the charts in real time as I put full focus on price action whenever I am in trade.

    Regarding stoploss .I would elaborate the same in my next few posts very soon.

    Regards
    Raghav
     
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  5. rajputz

    rajputz Well-Known Member

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    Actually we understand the real working in the real time. IMO, Any intraday or swing method elaborated on EOD chart is of no use. I hop you get the point. Thanks.
     
  6. Raghavacc

    Raghavacc Well-Known Member

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    Friend,

    Perspective, comfort,convinience differ from person to person. I find everything usefull, even the one not usefull for anyone else.Its all individualistic.

    If some one has a calibre of trading 3 stocks+index and then posting the charts simultaneously without losing focus on trading its great. My regards to them.

    Regards
    Raghav
     

  7. Raghavacc

    Raghavacc Well-Known Member

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    We had a gap in the morning and whenever we have a gap we need to wait as the market takes time to come to equilibrium.

    The gap down sustained for first one hour which means more likely we are in for a down move.

    Lets see how our method worked.

    1. OS>5Bars - OK due to gap down there may be error in our data.So lets not consider that.

    2. Stoch flips without remaining in OB>5bars. Short 5010. S/L - 12 points 5022. ( I usually keep 12-15 points as my S/L).

    3.Stoch makes lower high.

    4.Stoch makes still lower high .We are in for a crash.Low of day is broken which also happenned to be previous 2 P/Ls.

    5.Trailing Stop profit hit at 4925. Good day

    Patience always pays in the market.

    [​IMG]

    Since the market was rangebound till 1.30 I did use BB today .Just see how it complements stoch and helps to remain in the trade.

    [​IMG]

    Regards
    Raghav
     
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  8. Raghavacc

    Raghavacc Well-Known Member

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    43 Rs. move


    [​IMG]

    39 Rs. move

    [​IMG]

    To develop temperament of staying in the trade till EOD based on technicals is as important as that of making an entry.

    Regards
    Raghav
     
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  9. rajputz

    rajputz Well-Known Member

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    Sorry raghav. But this way its not convincing that the trades you take are real profitable or not.

    I can show you many charts the same way. On EOD it is quite easy to plot the good trades, cause whole of the chart is in your front. Thats y i asked for the real time charts.

    This way the method is really not worth. Ask any trader who posts any system for discussion or method for discussion. Untill and unless you cannot put into real time, you cant justify that it is worth.

    Ok, i agree that you cant post the charts. But after taking the trades you can put the entry price and stoploss, in a 1-2 minute delay, so that atleast we can interpret how you are taking the trade. You are working on 5 minute candle chart and you have a lot of time to mention it. Post the chart at eod, in reference to the trades post in trading time.

    Otherwise its of no use.
     
  10. Raghavacc

    Raghavacc Well-Known Member

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    Rajput,

    Instead of asking me to put post the trades in real time ,I will ask you to try this on your own and see the great results it gives. I have anyway given you what all has to be done and what all has to be seen.I hope you are more than a matured trader to grasp this system.

    This is my answer to all who doubt my trades or intentions.. Try it on your own.

    There is one saying in our traditions. :Whenever you start a good work you will come across many obstacles,Opponents and doubting people. But one needs to carry on with that work to reach the objective"

    Here my objective is to show that simple things work in the market. And this system is tested by highly experienced traders in the market.If some one does not have the trust then let them not use the same.Also I am not here to prove anything like system is worth or not.

    You cannot ask a person eating a mango to tell his opinion every 2 minutes whether its sweet or not. You have to eat it and experience the taste.

    All your questions have been answered in my earlier posts.Its up to you how do you perceive it.

    Regards
    Raghav
     
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