tryin2trade: NF 5 Mins Intraday!!!

Friday, June 26, 2009

NF 5 Mins Intraday!!!

5 comments:

cdmoorthy said...: Oh,fantastic observation. Had I seen this msg at least by 12.00noon yesterday, i would not have booked my profits earler and waited for closing above 4350 as mentioned here.

Now, requesting you to explain one more thing. By the time nf reaches 4340-4350 indicators reached peak and started cautioning us. Weak hands like me, will not like to loose 60-70 points accumulated till 4340-4350.

How this kind of situation can be handled successfully so that one can keep their longs to book it at the higher stages.

Tnx & Regards

Panda msg is timely one and i am going to listen to it second time now in this fine morning.; June 27, 2009 at 8:16 AM
vignesh said...: Fantastic analysis sir. Please continue doing this.; June 28, 2009 at 10:47 AM
Tryin2Trade said...: Sweety Hi

Thanks.

Indicators peaking do warn you but not tell you to fold up! For that we need conformation by THE PRICE!

Trailing is a difficult process (even me struggling with that).

Now to come to you question on weather to take profits or wait for more....well its always better to have a bird in hand than two in the bush.

You could have trailed your postion by using a 10 point filter. For example one the price breaks a particular pattern or a TL or imp resistance you can place ur stop below that point (+filter)!

Two things can happen here and both are perfectly natural;

1. You would get stopped out!
2. Your stop is intact and mkt shoots up giving further gains.

Now even if we are stopped (anyway we have made handsome gains) and we find that the mkt after a few minutes consolidation is ready to breakout then in all fairness one can trade the new break out with now the SL being very tight just a wee bit below the breakout BAR!

And as regards to feeling bad that we got stopped out and stuff like that I just have to say "Its better to sell and be in the money rather than waiting to catch the TOPS and the Bottoms!

We all learn from practice and so am I learning too!

The above advice is nothing but based on some of my observations. Like I often say I too am tryin2trade!

I hope the answer is suffice or I am lacking to put my point across clearly?

Cheers and Regards; June 28, 2009 at 9:17 PM
Tryin2Trade said...: Vignesh Hi,

Thanks for appreciating and hey you can lose the SIR part. Just call me Manoj!

Cheers and Regards; June 28, 2009 at 9:18 PM
Tryin2Trade said...: Sweety

See if this Helps http://www.tradershelpingtraders.com/

Cheers!; June 28, 2009 at 9:26 PM

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