General Trading Chat

[manojborle]

Bhai 8305 to nahi aaya par 8278 aa gaya n I am out with short now. Still I dont see any demand till 8256 so now wait n watch game.

Finally it went to 8256, just need to be more patient with trade

 

[vivektrader]

TD sell countdown 12 after a perfect TD sell setup in Tata Steel on hourly.

Vivek

 

[travi]

TD sell countdown 12 after a perfect TD sell setup in Tata Steel on hourly.
Vivek

That's why Mr. TD preferred it on daily charts
You can see tons of them on 1m chart but they will recycle or fail that often.

 

[manojborle]

UPDATE:

Seems it is stuck in the zones.

 

[vivektrader]

That's why Mr. TD preferred it on daily charts
You can see tons of them on 1m chart but they will recycle or fail that often.

If the CD 13 is complete and next hourly candle close is bearish, will you enter at its close or below its low?

Vivek

 

[manojborle]

If the CD 13 is complete and next hourly candle close is bearish, will you enter at its close or below its low?

Vivek

Safest will be wait for TD point reversal after the countdown is over.

 

[vivektrader]

Safest will be wait for TD point reversal after the countdown is over.

Thanks, and how should one trail stop after entry? on pivots? or hourly highs?

Vivek

 

[manojborle]

Thanks, and how should one trail stop after entry? on pivots? or hourly highs?

Vivek

You can simply trail stops beyond TD Supply line and ride the trend.

 

[travi]

If the CD 13 is complete and next hourly candle close is bearish, will you enter at its close or below its low?
Vivek

Everyone's system combines multiple factors, no one just does pure TD seq,combo etc.

Given me I look at it this:
1. Two Bars after CD9 and CD11,12 form double top: Bearish
2. CD11 shows strong exhaustion, and selling continues in CD12: Bearish
3. Break of low of CD11: Confirmation of Bearishness.

Aggressive entry: close of CD12
Safer entry: Break of Low of CD11

Tight ISL: High of CD12
Loose ISL: High of CD11

EDIT: I wouldn't wait for CD13, bcos if it did come, then there is a chance that the setup failed altogether.

 

[vivektrader]

Everyone's system combines multiple factors, no one just does pure TD seq,combo etc.

Given me I look at it this:
1. Two Bars after CD9 and CD11,12 form double top: Bearish
2. CD11 shows strong exhaustion, and selling continues in CD12: Bearish
3. Break of low of CD11: Confirmation of Bearishness.

Aggressive entry: close of CD12
Safer entry: Break of Low of CD11

Tight ISL: High of CD12
Loose ISL: High of CD11

EDIT: I wouldn't wait for CD13, bcos if it did come, then there is a chance that the setup failed altogether.

As per my understanding trend hasn't changed to down at break of CD11.

Vivek