Master one trick only

Just master one trick, don't allow the market to take money from you, if you master this market will left with no other option but to give money to you.:thumb:

very well said....

so now million $$$ question is........ how to do it?

Thanks, Million $$$$$$$ Answer is there for your Million $$$ question but do you have Million $$$$$$$$$$$ to get that answer.. Just kidding but think about it seriously.:thumb:

thanks bro,i do not have million $$$ (but i going to get them any way:thumb::thumb

and i think i have the answer of that question ,and i am trying to share the same here

you may or may not be agree with me,but it does not matter

what i want to share is that how a simple method,if practiced,
,can turn u in a winner
it does not matter,what method or trick u use

if u have any positive experience in this regard,kindly share here,for the benifit of all,
else enjoy :thumb::thumb::thumb:
thanks for your post

avny bhai,
nice informative posts :thumb:


if explain with u r chart it will be nice (if possible)

with cheers,
narayan.

who say's you have to throw out whatever you learned earlier? by learning new things you add to your knowledge not subtract from it.
I too went from the very common stages of a trader..speculating -> loosing->
using indicator->loosing->using price action->loosing-using p.a with only 1 setup and 1 scrip->winning but setups less frequent->pa with multiple scrips>winning and way more trades.
The stages are reflection of me at that time, the steps i needed to take to become better trader. If i could do it better i would have done it that time only. The fact that i was failing meant that i need to learn more, simple.

If you really know that your present knowledge isn't enough to make you a profitable trader then what's stopping you from learning more ? Only thing that prevents you from not moving on and learning whatever that needs to be learned is your lack of sincere willingness.
"Where there's a will, there's a way"

Regards

these two simple set up creates some very high probability
trades
but it does not mean that these set up does not fail,
ofcourse they fail at times,but the beauty is as one set up fail.it
it oftens creats the entry for other set up,and more often
than Not,this 2nd entry is more powerful than the 1st entry.


one set up failed and entry created for 2nd setup

I not told its impossible ..said its not easy....as for me am trading only one method since last 3+ years....but I said it as general ...thats why I requested avny is any tips are there...he allready replyed it...if you have any then please share....am not arguing for its possible/or not...

well..my story in many ways is similar to avny's. After each time i blew my account i had no other option left but to change what i was doing so after trying few things by chance YTC came into my hands. And as avny said it changed my view of market, and it was so simple and so structured. I just knew that it was the way to go and ever since then have read it many times over.

it is very difficult indeed. To do so generally some great force or some painful experience is required as it involves changing your beliefs too. For me the push was provided by the pain and frustration from loosing all the money.

"The only thing constant is change" so i have come to understand that all that we can do is to adapt. My current success is not a guarantee of future success, hopefully if indeed a change is needed it won't come after another account blownup .

My strategy for intraday trade

I am by nature an intraday trader,though i trade positional also,but my heart lays in intraday

REQIREMENTS

: 3M/5M (Chart W/O any indicator)

Addional req : quick fingers,alert mind,total concentration

TRADING INSTRUMENT : NF,BNF,scips with high vol and ATR

STRATEGY

for this strategy we require a support/resistence line/area,so we can take trade decision,based on price action around these line/area.

so, for support/resistence lines/area,i use,HIGH/LOW of first 3M/5M candle of the day

METHOD

1: concentrate only on two set up,

pull back and


failed break out

2: wait for the price to break out either side of first candle

3: let the price come back to S/R line,(be alert,when price approaches the
S/R line)

PULLBACk :A: let us assume the price gave a B/O,above the high of first
candle,then,
if price comes near to the S/R line and start reversing(in the
direction of break out),buy above the most recent bull candle,

STOPLOSS: is below the low of lowest bar prior to this bull
candle,or the low of this bull candle,if it is lowest,among the
recent candles

TARGET : it is a difficult part,there are so many variations of how and
where to, book profit,for simplicity i will tell what i was using
initially
book half the position at a predefined fix target and use TSL for
the rest
set the fix target as per your comfort,for me it was rs 1 for
scrips upto rs300,rs 2,for scrips upto 500 and rs 5 for rest,
10 points for NF and 20 point for BNF


CONTD......