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Trade Log NIFTY May 11About trades today. I sold 9300 PUT as there was a gap up opening above 9350. This position is trapped. I squared off the position for loss. I also squared off my positions from Friday. I hold 9500 CALL. That position is open. NIFTY Opened gap up above 9350 and sustained there for some time, like 30 minutes. But then it was straight down day. So 9340-9440 is a hard to break resistance zone. I have the following observations about today's price action 1. NIFTY has opened gap up and closed the gap. This has happened 3rd time in last 5 days. 2. NIFTY showed follow through on the downside after breaking below 9350. 3. VIX fell little less than a percent. 5. Advance Decline ratio 30:20 , on positive side. 5. BANK Nifty fell down 2%, mostly due to ICICI Bank I read this action as 1. I assume now some momentum is gathered. If NIFTY breaks below 9130, this fall will touch 9000 region.
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY May 5 In my yesterdays review, I made the following points 1. This fall now wont be as unidirectional and steep as the March fall. 2. There will be choppiness with negative bias. 3. 8300 is not short term bottom. 4. The first bounce if any tomorrow will likely to fail. Point 3 and 4 were confirmed by today's price action. I have the following observations about today's price action 1. VIX did not dropped significantly. This means this continuation did not surprise or created fear. 2. The sell off after 1.30 was steep. And there is no climax action today. 3. Bank NIFTY under performed severely. 4. Breadth was not too bad considering the points lost, but banks contributed to the losses. 4. Option writers consider 9400 -9500 unbreakable by May 7. All this means 1. Trend is confirmed as negative. 2. This drop in now entering the choppiness zone of last rise, 9000 - 9150, This is likely to offer first support if any. For tomorrow, 1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news. 2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region.
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY April 29NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one thing to be noted is This breakout still need to be confirmed by spending couple of days more building on this strength and staying above 9400. The overall market breadth was not very strong. 38 Advances and 12 declines. Since large move is made today, tomorrow we may have consolidation. Once again remember overall view on monthly time frame , This is just a first meaningful bounce which can fail anytime. So better to stay light on long positions.
NSE:NIFTYLong
by Observe_Think_Act_Think
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range. Four trades today: 1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43% 2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1% 3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1% 4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1% Total PnL for the day: -1.57% Total PnL for the week: -1.57% Good trades, Tom | FINEIGHT
NASDAQ:SABR
by Fineight
Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.* I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine! Two trades today: 1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money) 2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks. This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go! Last week I ended with +8% so let's see. Fingers crossed ;) How was your Tuesday? Did you beat me? Good trades, Tom from FINEIGHT
AMEX:SPYLong
by Fineight
2
BTC is going to cream everyone then move to the sky.With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see them??? Liquidity for the taking. I will be looking to buy coins around the orange price. Also I will not be trading bitcoin, I will be buying the coins and storing them into a secure offline wallet. Must better to invest in bitcoin for long term than to try trade it. This is long term idea and is NOT a trade but an INVESTMENT.
BITSTAMP:BTCUSDLong
by joebrownFX
7
ATOM/BTC very risky trade for low reward.Hello Traders, ATOM/BTC dont have a profit/loss factor trading, For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk. For atom we can see that the only entry point that make sense is above the 0.00045 sats, and we have a very important resistance at 0.00050 sats, that means our stop will be 10% to have a chance to win 10%, so dont worth the risky that is what we call profit loss factor.
by MarketMinds
USD/CHF - Trade 1 - $5000 with 5% If I were to enter this trade with a 5% risk with a $5000 account Profit = $1262.02 Total Amount = $6262.02 Loss = $250.00 Total Amount = $4750.02 Total Trades = 20 with a 5% risk Goal = < 50% Win Rate Key Points: Fibonacci Level Support - Resistance - Key Levels 61.80% Lined up with support level Trend line + Support level = Trading Range (Area between trend line and support) -38.20% level would be maximum profit? Support level would be maximum profit? Trade 1 Result = ?
Long
by austinlmkc
Looking at the MACD, 4EMA and bollinger bands shows BTCUSD LongFor the upcoming week (several days), I would say there will be a price increase for BTC/USD symbol, by just looking at: RSI (not in current graph (sorry I don't have a pro account) MACD for sure! See the cross coming up on the 1D chart 4EMA is getting ready as well The price is less volatile and low in the bollinger bands Currently I bought BTCUSD futures at Bybit with 3x leverage for long in the coming days. See the dotted green lines for both stop-loss and take profit limits. Future plan: looking at the super trend later on..
BYBIT:BTCUSD.PLong
by Melroy89
6
GBPJPY - Long Trade - Up to ResistanceHello all - DuncanForex here with another trade idea I am looking to go long on GBPJPY Although there are trade wars going on in the back ground and in turn short term sentiment is being impacted. At the same time GBP is yo-yo-ing due to ongoing Brexit Hard or Soft short term sentimental views. I am going long GBPJPY, however will be managing the trade closely due to this. The website is now live - please head over for a lot of free content. Thanks for looking at my trade idea Duncan
Long
by UnknownUnicorn483829