Time to Stick my Neck Out ,Nifty 7300

biyasc · #**521** 22nd February 2008, 05:01 PM

Quote:

Originally Posted by adilsaleem

Even if you have 4 winning trades out of 10 you can make a million in 1 year

. Just start telling yourself one simple thing "I wont lose money". If you learn how not to lose money you are the biggest winner.

what is the suitable risk:reward ratio with these statistics?

adilsaleem · #**522** 22nd February 2008, 05:41 PM

I did not understand your questain. What i am trying to say is that once you delvelop a stratergy wherin you are in small profits as soon as you enter, it will always give you a chance to break even. Say you do 20 nifty trades and lost 20 points per trade (stop loss hits everytime), the 21st time you will take more time to enter to make sure u dont continue making a loss. So you end up learning various techniques put forward in history which have been proven. So once you get this nack of entering trades that will immediately give you 15-20 points then it makes life simple as you can have your STOP at breakeven. After this stage you would realise that atleast 2 or 3 trades out of 10 are giving you huge profits and most of the others are at breakeven. The next thing we learn is how to make sure we dont let go our big profit trades using a trailing stop loss.

biyasc · #**523** 22nd February 2008, 05:43 PM

Quote:

Originally Posted by adilsaleem

I did not understand your questain. What i am trying to say is that once you delvelop a stratergy wherin you are in small profits as soon as you enter, it will always give you a chance to break even. Say you do 20 nifty trades and lost 20 points per trade (stop loss hits everytime), the 21st time you will take more time to enter to make sure u dont continue making a loss. So you end up learning various techniques put forward in history which have been proven. So once you get this nack of entering trades that will immediately give you 15-20 points then it makes life simple as you can have your STOP at breakeven. After this stage you would realise that atleast 2 or 3 trades out of 10 are giving you huge profits and most of the others are at breakeven. The next thing we learn is how to make sure we dont let go our big profit trades using a trailing stop loss.

ok, thanks, i understood now.

rajaram.dilipkumar · #**524** 23rd February 2008, 06:23 PM

Quote:

Originally Posted by Ajax

Hi all

Bullish wolfe on Nifty future. Should see beyond 5200 any time
before expiry

Bought 5200 call Nifty

Thanx all & regards

Ajax

thx ajax for the charts

uasish · #**525** 23rd February 2008, 06:45 PM

The attached chart of Nifty Fut 60 mins is self explanatory.

akgandhi · #**526** 23rd February 2008, 07:50 PM

Wat Kind Of Stop is that Ashish Da ??? Stop Line Itself is in Down trend :d .....
Pls tell us how to use it for trading

hari09omkar · #**527** 23rd February 2008, 09:58 PM

Quote:

Originally Posted by biyasc

you wasted your valuable time & made a reply. at first i like to say you a big "THANK" alongwith uasish & saint.
PAST INTRADAY HISTORY: are you talking about daily bars?
......
now tell me what should be my next step. should i stop trading untill i learn some technical analysis.

Actually I wasted some good amount of time on the cricket thread.....but not on u...no way.

By past intraday history,I mean history of minute bars,if not tick data.

I strongly suggest u to take a week's break from trading and read Saint's "Teach a man...." in that time.....from first to last.Your idea of trading will be changed because that thread contains reality of trend trading.Read it and don't forget to thank me for referring to it.Search the whole internet and there is not a single most writing which is at par with that doctor's brilliance!The best advice I can give is the above.....
Best of luck.

biyasc · #**528** 24th February 2008, 11:32 AM

Quote:

Originally Posted by hari09omkar

Actually I wasted some good amount of time on the cricket thread.....but not on u...no way.

By past intraday history,I mean history of minute bars,if not tick data.

I strongly suggest u to take a week's break from trading and read Saint's "Teach a man...." in that time.....from first to last.Your idea of trading will be changed because that thread contains reality of trend trading.Read it and don't forget to thank me for referring to it.Search the whole internet and there is not a single most writing which is at par with that doctor's brilliance!The best advice I can give is the above.....
Best of luck.

thanks a lot for your advices.

uasish · #**529** 25th February 2008, 08:31 AM

Quote:

Originally Posted by hari09omkar

Actually I wasted some good amount of time on the cricket thread.....but not on u...no way.

By past intraday history,I mean history of minute bars,if not tick data.

I strongly suggest u to take a week's break from trading and read Saint's "Teach a man...." in that time.....from first to last.Your idea of trading will be changed because that thread contains reality of trend trading.Read it and don't forget to thank me for referring to it.Search the whole internet and there is not a single most writing which is at par with that doctor's brilliance!The best advice I can give is the above.....
Best of luck.

The single most reason ,as highlighted by Hari is why he is my Teacher.

uasish · #**530** 25th February 2008, 08:41 AM

Quote:

Originally Posted by akgandhi

Wat Kind Of Stop is that Ashish Da ??? Stop Line Itself is in Down trend :d .....
Pls tell us how to use it for trading

Yes you are right in your observation that it itself is in Down trend,it is so designed that it will emerge only to catch the Reversal in Downtrends,hence it's emergence is a warning for Shorts,then to Enter Longs when it becomes FLAT,means Ref(x,-1)=x .
With that Yellow line indicator,whenever the Closing is above that watch when it becomes FLAT;just to Buy with 1 point below that as Stop is the method.

As you are aware Nothing is Sure in Trading,this also has its Limitations.