Learn How To Fish

[PreSap]

Tata Motors update: TSL hit

 

[VJAY]

Yesterday (27-Aug-2018) chart with entry and exit:

Was there an earlier entry around 10.40 am?

Yes..but in your chart its not a mph ...inmy kite chart its mph

 

[VJAY]

Tata Motors update: TSL hit

Dear presap,
Your entries mostly correct... You need to workout some ways to exits/tsl...when move weaken after entry....I not recos anything for that as it will confuse all...its need to workout as ones personality....make some your own rules for that when price not move strongly after breakout entry...I given many hints on this topic what i use...

 

[vivek.civil17]

Hi vijay bro , today took one long trade , . any early entry as per you ?? today lower VPL formed so i wait and take MPH above VPH , but today look the VPL it was a BOF so you have any rules regards this to take any long early ??

 

[VJAY]

Hi vijay bro , today took one long trade , . any early entry as per you ?? today lower VPL formed so i wait and take MPH above VPH , but today look the VPL it was a BOF so you have any rules regards this to take any long early ??
View attachment 27860

Yes vivek...uou can take bof/bdf trades...you also took these type of trades earlier I think....For taking failure trade note overall market structure...Here its UT and some kind sideways ..so you can take failures towards overall trend...falure trades always in small stoploss so I take those as TEST trades
You can watch these scenerio when it comes ....get familier with this scenerio then only try in it as trading ...upto taht time go with basic rules waht you following now

 

[vivek.civil17]

today 2 long trades ,

 

[VJAY]

today 2 long trades ,
View attachment 27897

Dear vivek,
Why not 1st trade above @ vph itself? after that no trade..though can take TEST trade with strictly sl/tsl on test trades we can exit @ resistance levels/bo bar lows as you took

 

[vivek.civil17]

Dear vivek,
Why not 1st trade above @ vph itself? after that no trade..though can take TEST trade with strictly sl/tsl on test trades we can exit @ resistance levels/bo bar lows as you took

yes vijay bro , i think i take it wrong , earlier one time u told not to take yesterday pivots , so i avoid take yesterday pivots , but i think u might told MPS, not VPS , - just now understood

 

[PreSap]

Yes..but in your chart its not a mph ...inmy kite chart its mph

VJAY bro,

Which one did you mention is not an mph? The one above which I have made the marking for longs?
Please feel free to point out any errors in my charts.

Thanks!

 

[PreSap]

Would this be the correct trade using the ERL? Today's Reliance Futures chart: