General Trading Chat

[blackberry]

China exports rise in yuan terms for first time in six months

Source investing.com
http://goo.gl/8ysWqv

 

[iwillwin]

@ rahul....prayers answered...

 

[timepass]

Doesn't look like a +WW. The lines are parallel, not converging. Looks more like a downtrending channel, but yes, the index is testing the bottom of the channel and likely to bounce up.

+WW in making @ BNS Daily chart = Still not point 5 formed right but it is coming.

 

[traderniftybank]

Doesn't look like a +WW. The lines are parallel, not converging. Looks more like a downtrending channel, but yes, the index is testing the bottom of the channel and likely to bounce up.

Yeah, thats right. Its more a falling channel.

 

[wisp]

ST Da,

In the VP method in Nifty yesterday was entry long above 11.24 (VPH)or 1.24 (BOF of VPL)?

 

[amitrandive]

SGX + 51 :clap:

RM

What made you go long overnight ?
Please explain with a chart

 

[Smart_trade]

ST Da,

In the VP method in Nifty yesterday was entry long above 11.24 (VPH)or 1.24 (BOF of VPL)?

Yes , Nifty future made a good accumalation between 7540 and 7500.Method is long was above 12:56 high.We have to see some consolidation with higher bottom in place particularly in the environment we were in yesterday.Bears made 4 attempts to break 7500 and market bounced back every time from that level.

7500 seems to be a bottom as of now.

Smart_trade

 

[blackberry]

SGX + 51 :clap:

:yahoo: we are on same side :cheers:

partial profit book for me

 

[amitrandive]

Humility and Investing

 

[wisp]

For 3 min intraday trades, how important is where initial SL is placed and if it is moved according to a pre-determined plan or not?