need strategy for trading in non trending days

[shashank yadav]

Today staying calm and away helped me

 

[DanPickUp]

Today staying calm and away helped me

Well, you may then use your time to read in the following thread, in case you did not do it before:

http://www.traderji.com/options/28235-good-profit-hedged-nifty-positions-straddle.html#post301893

Take care / DanPickUp

 

[johnnypareek]

no more trade today
according to HEM's advice I m staying away

@ ur 1 short-Why you shorted there? why not 2 candle before?

oh now i see two lines , what are they? privious day high low?

 

[mastermind007]

yesterday on 12 june on 15 minute chart (nifty) I saw 6 continuous candles in almost same range.I took a great loss yesterday after three days in profit. And the loss eat my three day profit and my half investment amount. So very much disappointed .

Do not know how to trade them. Fearing for today's trading . God help me.

what time to what time?

Generally speaking, you should use oscillators on range bound day and moving average based indicators on other days ...

 

[shashank yadav]

what time to what time?

Generally speaking, you should use oscillators on range bound day and moving average based indicators on other days ...

Thanks I checked today william's % R giving good results if we go for 5 to 10 points only in a range bound market.

@ johny these lines are group of candle's high and low when price go beyond this high & low line I enter

 

[DanPickUp]

Make it simple and work with Point and Figure if your software has/gives this choice.

As imperfect as other things, but S and R are very clear. Do not get confused about the blue, horizontal lines. If you spotted a range, never trade it to it's absolute S & R levels. Combine what you read in the link I gave you with this picture and you will be able to make some profit even in range bound markets.

Take care / DanPickUp

 

[johnnypareek]

hm try to apply filter the candle which close above / below ur area , use that candle's h/l as trigger

 

[shashank yadav]

@ danpickup what is this called ?
I use amibroker

 

[DanPickUp]

Point and Figure

https://en.wikipedia.org/wiki/Point_and_figure_chart

 

[bunti_k23]

yesterday on 12 june on 15 minute chart (nifty) I saw 6 continuous candles in almost same range.I took a great loss yesterday after three days in profit. And the loss eat my three day profit and my half investment amount. So very much disappointed .

Do not know how to trade them. Fearing for today's trading . God help me.

dear shashank i must say that u hav a very poor risk reward ratio,and poor risk management ......fix it first and then trade u will not lose more