Learn How To Fish

[vivek.civil17]

First of all I not take that long as its not mph ...if its mph then I exit bearish bar low at top as failure to break VPH as this trade is not with clear trend ...its just TEST trade ....I personally took short trade below mpl at top today in TS

thank you sir . that long i enterd due to pivot upgrades ( it that wrong) . i went that short also . pls what is TS ?? couldnt able to find

 

[VJAY]

thank you sir . that long i enterd due to pivot upgrades ( it that wrong) . i went that short also . pls what is TS ?? couldnt able to find

Yes we take trade mph above ERL ..but it not mph .....TS means tatasteel

 

[VJAY]

Looks like day today

 

[vivek.civil17]

vijay sir , HINDALCO chart , is that VRL rejection can be consider ??? or it cannot be considered in trendy days ??

 

[VJAY]

vijay sir , HINDALCO chart , is that VRL rejection can be consider ??? or it cannot be considered in trendy days ??
View attachment 26765

Dear vivek,
Rejection trades are counter trend trade so its dif with traders ...I rarely use rejections in my trades except when I totally confident in rejection of price. Here you can take trade but must be exit if price not support rejection....one thing note price take support/resist most of VP's....at least staty some time near those levels rarely it go without staying except some extra trend days....

 

[VJAY]

As expected boring day ended ...in between 1 small loss trade done.....

 

[VJAY]

Looks like no trading day to me today...........................

 

[vivek.civil17]

vijay sir , something i m doing wrong . pls help me in this regards . meeting many failure trades . kindly recommend one or two good set ups to trade . i will follow it regularly .

 

[VJAY]

vijay sir , something i m doing wrong . pls help me in this regards . meeting many failure trades . kindly recommend one or two good set ups to trade . i will follow it regularly .
View attachment 26794

Dear Vivek,
Failures are part&parcel of every method....so take it as it is nothing ...here your stop loss is the problem ...when your short trade failed in same triggered bar itself ..so better to exit it abv same bar ...as its clear that move not supporting break down....

 

[vivek.civil17]

Dear Vivek,
Failures are part&parcel of every method....so take it as it is nothing ...here your stop loss is the problem ...when your short trade failed in same triggered bar itself ..so better to exit it abv same bar ...as its clear that move not supporting break down....

yes sir , BO failure one thing i need to look out more . thanks , pls suggest one or two set ups to trade , i will follow regularly