MCX:NATURALGAS1!   NATURAL GAS FUTURES
Short arnd CMP (184.4-184.5)
Sl: 1.3 Point
TGT: 3.0 Points++
Comment: Comments are getting posted slow, CMP 184.1
Comment: I have given a limit sell order at 184.5
Trade active: Shorted @ 184.5
SL: 185.8 (1.3 point)
TGT: 181.1
Comment: Long time in trade- safe traders can exit at CMP (182.9-182.7)
That will be more than a 1:1 risk reward
Comment: I am still holding on to the trade, updated my SL
Trade closed: target reached: Tgt reached, it was very close to my Trailing SL, next candle boom and down to target in 2 candles. :)
Comment: Entry: 184.5
Exit: 181.1 (3.4 Points=4250 Rs per lot)
SL was 1.3 Points and Tgt 3.4 Points - that's almost a 1:2.5 Risk reward

Finished for the day - only ONE trade for the day

Good night pals.

Comments

Its really cool.

Do you mind telling us the overview of how you trade?

Taking trades with that confined SL, is absolutely amazing.
+2 Reply
@Vineeth_Jb, Hi bro... thanks..

Sure bro- there's nothing big about the trade.

Its simple price action based trade - always keep in mind that anywhere if there's a volume burst then that same level will be retested again - so if you take a trade using limit order during the retest you can always keep minimal SL. Use a 15 min chart for finding volume burst- and enter using a 5 min chart. SL will be the previous swing high/ low (depending if it short or long)

However sometimes that retest can also be a change in direction of the market sentiment - this happened recently with NIFTY (last week where SL also hit and then I took a reverse trade and market went highly upside hitting my tgt which not only covered my loss but also gave a handsome profit)- So need to be really fast sometimes.

Its difficult to write and make anyone understand - but I hope you got a vague idea - its merely based on volume based moves (along with some major candlestick patterns).
I will try making a video of this and all the trades taken this month - hope it might be clear.
+1 Reply
Vineeth_Jb theTradingSailor
@theTradingSailor, Can you say something about fixing targets ?

Making video - better way to enlighten us in this part and would be really appreciated.

Thanks for disclosing, bruh!
Reply
@Vineeth_Jb, Targets depends on the momentum again.. Normally the next Pivot, S1/S3,,, R1/R3 are good for setting targets. Atleast try a 1:2 Risk reward, usually we can get higher.
Reply
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