Swing trading hub

lemondew

Well-Known Member
#2


some statistics I did for myself

In last 21 months
12 out of 20 nifty has moved more than 500 points.
3 months has stayed in range less than 400 points
6 out of 20 it hast moved between 400 and 500 points.

I cant stay profitable unless I can get 300-400 points profitable trades. Aim to catch all the big moves. And keep the loss months minimum.
 

lemondew

Well-Known Member
#3
My Rules
1. Stay with trend.
2. Enter close to resistance/support on breakout/ reversal so SL is below support/resistance and not very high preferable 35-50 points.
3. Reversal trigger stalling. Breakout trigger - no quick pullback into resistance/support area after breakout.
4. Avoid holding or entering positions during events.
5. Patiently wait to enter till the above rules are satisfied.


Use daily/ hourly chart for trend identification. Lower timeframes for entry exit
 
Last edited:

lemondew

Well-Known Member
#4
For this month I ve had 5 trades .... 2 mistakes

trade 1 long on 28 nov. Was too late cd ve entered at 25 th only after first trend change... Moderate trend strength,
trade 2 Short on 2 dec. Didnt work
trade 3 Long on 7 dec. Worst trade. I knew never to trade before RBI news still did it . SL Mistake 2
trade 4. Reentered 8 th dec long correct trade post RBI event. Not much strength
trade 5. Long double bottom 20 dec. No strength.


Left out short trade on break down of 8162. Expected support at 8080-8100 area and continuation of sideways.
 

rkripal

Well-Known Member
#5
For this month I ve had 5 trades .... 2 mistakes

trade 1 long on 28 nov. Was too late cd ve entered at 25 th only after first trend change... Moderate trend strength,
trade 2 Short on 2 dec. Didnt work
trade 3 Long on 7 dec. Worst trade. I knew never to trade before RBI news still did it . SL Mistake 2
trade 4. Reentered 8 th dec long correct trade post RBI event. Not much strength
trade 5. Long double bottom 20 dec. No strength.


Left out short trade on break down of 8162. Expected support at 8080-8100 area and continuation of sideways.
Thanks for starting a thread on swing trading. The month of December is a bit slow for me as well. Only three trades for me so far. But no worries. You get such months a few times in a year. But if can manage to catch good moves on good months then on avg. result will be great.

Keep posting.. looking forward for discussions on various aspects of swing trading...:thumb:
 

Raj232

Well-Known Member
#6
Thanks for starting a thread on swing trading. The month of December is a bit slow for me as well. Only three trades for me so far. But no worries. You get such months a few times in a year. But if can manage to catch good moves on good months then on avg. result will be great.

Keep posting.. looking forward for discussions on various aspects of swing trading...:thumb:
Like previous years, December seems to be a flat month after 15th, expecting the same to be flat in 2016 as well.
 

VJAY

Well-Known Member
#7
For this month I ve had 5 trades .... 2 mistakes

trade 1 long on 28 nov. Was too late cd ve entered at 25 th only after first trend change... Moderate trend strength,
trade 2 Short on 2 dec. Didnt work
trade 3 Long on 7 dec. Worst trade. I knew never to trade before RBI news still did it . SL Mistake 2
trade 4. Reentered 8 th dec long correct trade post RBI event. Not much strength
trade 5. Long double bottom 20 dec. No strength.


Left out short trade on break down of 8162. Expected support at 8080-8100 area and continuation of sideways.
In technical trading try to avoid this thing expected :) you are trading your chart ,had your rules ,had your stops if your trade not works then why this expectation :D...sorry for disturbing you ....
 

lemondew

Well-Known Member
#8
By expecting I mean I wouldnt take a short trade if there is an anticipated support just below it in close vicinity. In this case 8080- 8100. That is a rule as well.
In technical trading try to avoid this thing expected :) you are trading your chart ,had your rules ,had your stops if your trade not works then why this expectation :D...sorry for disturbing you ....
 

Similar threads