General Trading Chat

[TraderBharath]

There are better ways of doing it with more real simulations like Monte Carlo Simulation etc

Bcos in theory Batting Avg is like paper avg. but all trades may not be entered as per our liking ( forward test ).
So after you have a system, run it with MC and see how the edge behaves at 70-75% random entry.

And from the image you posted, its evident even without the Math
Risk of ruin is very obvious when you have 21% vs 2% loss per trade.

Monte Carlo is better. But I like understand what happens mathematically before going on with programs

 

[iwillwin]

At home ?

yes at home

 

[timepass]

?? Freak low in BNF ??

 

[timepass]

Banknifty looking to fill the gap in 36500 zone

 

[timepass]

Banknifty daily - does it look like a diamond pattern ?

https://www.investopedia.com/terms/... analysis pattern that,the shape of a diamond.

 

[Nish]

Banknifty daily - does it look like a diamond pattern ?

View attachment 45615

https://www.investopedia.com/terms/d/diamondtop.asp#:~:text=Key Takeaways-,A diamond top formation is a technical analysis pattern that,the shape of a diamond.

It can be viewed as Diamond, Triangle, DnwardTrendChannel etc.

Different people , Different views !

For me, it is a DWTrendChannel, and Breakout or Breakdown on either side of the channel can decide further journey of BN.
.. Till then, it may be range-bound btwn then chennel.

CHART

 

[timepass]

Nifty daily : ?? bearish Wolfe Wave ??

 

[TraderBharath]

Nifty daily : ?? bearish Wolfe Wave ??

View attachment 45619

Not an expert on this,but there should be a 5th wave and also swing low of 4 is not yet made.

 

[timepass]

Not an expert on this,but there should be a 5th wave and also swing low of 4 is not yet made.

Yeah. But I read somewhere in this forum that the point 5 could be imaginary. You could be right about the 4th point not yet made. Also, sometimes, the point 5 can overshoot the bearish resistance.

https://www.warriortrading.com/wolfe-wave-pattern/

That is the problem with trading the technicals, there are too many ifs and buts. Some theories even mention imaginary point 1 !!

https://cdn.website-editor.net/f40ba02b36644d0492ef95f16c4572d1/files/uploaded/Wolfe-Wave.pdf

Check it on page 15. This is a book by original Bill Wolfe !!

 

[Nish]

Nifty daily : ?? bearish Wolfe Wave ??

View attachment 45619

Good observation, but beware of intraday upward spike !