General Trading Chat

ST or any1 who use it,

Can p1 bar be applied in 1 min chart at the extreme ends in sideways day?
On sideways day what can you make 5 points or 8 points in a trade ? P-1 bar method is a entry method in a trended market. If you use it for scalping or in sideways market, RR wont be favourable.

Smart_trade
 

XRAY27

Well-Known Member
Lot of police checks here. All major junctions. Some people with ammunition were sighted by 2 students outside mumbai at Uran.
This is yesterday evening story that is running till now !!!!
 
Expecting a tight range bound mkt today. Price action suggests both sellers and buyers are equal.
 
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lemondew

Well-Known Member
Sirji,

Just sharing. I find it a good trade when I miss a swing trade
lets say I missed a long. The market gaps up next day and starts running. That time I found it good for intraday very small SL .

In this scenario I avoid getting in swing too late after SLs hit :p.


On sideways day what can you make 5 points or 8 points in a trade ? P-1 bar method is a entry method in a trended market. If you use it for scalping or in sideways market, RR wont be favourable.

Smart_trade
 

amandeep86

Well-Known Member
da,

FII figures are absolute numbers ,how do u read them to identify strength?

Yesterdays FII figure not showing any strong buying....despite both events being favourable. Not a good news for bulls.

Smart_trade
 
da,

FII figures are absolute numbers ,how do u read them to identify strength?
I have observed that big moves are associated with strong buying from FIIs...so I need to see net strong positive figure from them.

Earlier I used to track their net buy/sell on each day, cumulative for 30 days and average for 30days....not tracking it in so much details these days.

Smart_trade
 

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