Scalping My Way

#41
Arry tday looks over purchased. Could do. 7.9/7.0 in a day or two. Now trading at 8.58 which was resistance previous 2 times.
CLF just done the nhod 10.26 ;) as I was typing this post nhod 10.28
I was expecting that it would break the resistance that resistance
in USA if they test the res. near mid morning.... most likely they break it in the afternoon .. that is why I say I was expecting to break it...

Novice you called it down I call it up ... together we could make a good team :D:lol:
 
#42
Aja forgot to say that I haven't got a strict rule of how many scalps I do a day
all depend the opportunity that arise...


NoviceST
from 10.05 to 9.64 was a good move if someone caught it.
forgot to say that I don't short ... difficult to find the stocks to short so I give up
 
#43
Dear Dom,
How you trading this scrip in 2min?its looking ugly in 3 min chart....
How you select scrips for scalp for next day?i mean any creteria for selecting stocks?
VJAY take a look CLF now
you see what I meant it produced quite few scalp waves + nice day trades
that is what I meant.. not to complicate the chart +mind but keep it simple

that i show I do it anyway ... right or wrong is My Way ;):D:lol:

take care
 

VJAY

Well-Known Member
#45
VJAY take a look CLF now
you see what I meant it produced quite few scalp waves + nice day trades
that is what I meant.. not to complicate the chart +mind but keep it simple

that i show I do it anyway ... right or wrong is My Way ;):D:lol:

take care
Yes Dom ...now todays chart looks beutifull...can you please post your scalps trades on chart to understand how you enter in it....

 

VJAY

Well-Known Member
#46
Dear NST/aja,
Seeing your posts here I think you are involved in scalp trading in indian market here.Can you please share about that too.which scrips you are scalping here and which tf yousing for it?etc
 
#47
Pity you do not short. OK let us discuss only long set ups :thumb:
Good morning Novice

no you can talk about retrace ... small cap if I want to short I have to buy at market because the broker have to find the stocks so IMO not worth bothering big cap can be shorted on limit price ....


but we can talk abou retrace or support ....yesterday CLF I had even at just above 9
when a stock is "hot" I normally have 3 resist and 3 sup CLF many time does that now is on the momo and IMO still some to go

near close I couldn't resisted got some to hold overnight could get around $11 will keep an eye on the pre market (tied SL) then another of my good I will let it go (over my $10 limit)
 
#48
Yes Dom ...now todays chart looks beutifull...can you please post your scalps trades on chart to understand how you enter in it....
good morning VJAY

I am already in CLF decided to swing them (overnight hold)

VJAY isn't that I don't wont to post how I do it but my method is very simple

+/- I know that my stocks move even before the market open.. no I haven't got a crystal ball but bags of experiences and tested my trading strategy-plan
I only follow about 50 stocks ... the market is like a wheel after so many months each stock come to the surface and for some reasons it move
so that during those few days I am ready ....so to get few ticks isn't that difficult

I don't have to chase or study my chart etc,,,, the stocks come to me and I got sure scalps ok nothing is sure in trading but if one cut all the possibilities IMO it is easier to catch them..so when I see a good opening I jump in-out and centss are assured ;)

Let me put it this way... you corner, a lets say a mouse ... on an open ground would be nearly impossible to catch it but if you close the escape corner and just leave only one escape opening it has to come to you and most likely you catch it ... so are the stocks ... :)

MM they try all tricks to get us to "bait".. (if you use the L2 can see quite few of those tricks) how many time we buy and lose because we saw something that wasn't there.... that is why I say if the stocks come to me I cut dawn all the negative possibility and is just me and MM but I got an advantage that I know that the stocks is going to go up...

I hope I pass the meaning-thoughts because it was when I decided to do different (opposite) then everybody that I started to be very profitable but I start from "before" the beginning I don't wait the chart to tell me that it move I tell the chart that, that particular stock will move ;):D

I know it sound a bit weird but think about it and you will see that it make sense... it does to me anyway :D
then of course a full professional he trade maybe the way you would like to do it ... but my way it pay me a good money so why should I change because so ans so do it differently?
IMO we have to be ourselves not someone else... rightly so ask questions but then do you own "cocktail" (strategy)

example look yesterday CRK saw it move just jumped in because I knew it would.. so got +37 then left it be .. never be greed

when I say I knew that it move ... I mean I didn't need to do many researches that is done days before ...

I better stop here before I confuse you further but is another way of trading.. don't forget that my scalp is done on the first hour (most volatile market) then I give up because the stress and concentration is very high ..
at the same time I don't want to become a billionaire it would bring too many headaches :lol::lol::lol:

good day
 
#49
ok enough bla bla :D

for info
Cliffs Natural Resources: Key Indicators for Investors PART 1 OF 10 Cliffs Natural Resources: lofty highs Cliffs Natural Resources (CLF) was trading at $9.24 on December 1, 2016, which represents a 70% rise in the last one month alone. The stock has risen an impressive 52.0% since Donald Trump won the 2016 US Presidential election. That brings the YTD (year-to-date) rise to a whopping 474.0%. Now let’s compare that figure to 2015, when the stock had a loss of 78.0%. After trading for more than $100 per share in 2011, the stock was on the verge of being reduced to penny stock in 2016. It traded at $1.26 per share at the beginning of 2016.
interesting >> Cliffs Natural Resources: Key Indicators for Investors
http://marketrealist.com/2016/12/key-indicators-cliffs-natural-resources-investors-keep-track/?utm_source=yahoo&utm_medium=feed&yptr=yahoo
 

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