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[Taiki]

ST, I am not really comfortable with the trending days, maybe because I am expecting sudden reversals.

I have also seen this emotion in me during strongly trending days.

 

[jagankris]

I have also seen this emotion in me during strongly trending days.

ST ji,

Yes I am also suffering from this disease when markets trend slow and steady with out showing any momentum.

 

[Taiki]

As usual be prepared and expect the unexpected .

I guess this is the best weapon for any kind of market movement.

 

[jagankris]

I guess this is the best weapon for any kind of market movement.

Usually Taiki after a gap down and V reversal filling the gap and Index moving like to anything to 5885 levels will make every one think that markets are strongly bullish and they will try to buy at all the supports with out going for shorts.

So beware of V reversals.
Don't see charts just as prices.
See what moves them - I still have a question on this.Will check with ST Da.

 

[Taiki]

Usually Taiki after a gap down and V reversal filling the gap and Index moving like to anything to 5885 levels will make every one think that markets are strongly bullish and they will try to buy at all the supports with out going for shorts.

So beware of V reversals.
Don't see charts just as prices.
See what moves them - I still have a question on this.Will check with ST Da.

Thanks Jagan bro..

Do not know about your question, but I am also wandering something now.. That is this gap (today), was it only because of the strong US market (prev night), or gas price hike ?? Or was it predictable from yesterday's closing ? The way Nifty moved after 1pm yesterday and gave a close around 5680.

Asking this out of my ignorance, Are gaps are predictable in someway ??

 

[DanPickUp]

Are gaps are predictable in someway ??

Simple answer: NO

 

[qu@nt]

Thanks Jagan bro..

Do not know about your question, but I am also wandering something now.. That is this gap (today), was it only because of the strong US market (prev night), or gas price hike ?? Or was it predictable from yesterday's closing ? The way Nifty moved after 1pm yesterday and gave a close around 5680.

Asking this out of my ignorance, Are gaps are predictable in someway ??

I have read this few days ago. No idea whether it works or not.

http://www.traderji.com/technical-a...ection-prediction-strategy-80.html#post819719

http://www.traderji.com/technical-a...ection-prediction-strategy-80.html#post819686

 

[jagankris]

Thanks Jagan bro..

Do not know about your question, but I am also wandering something now.. That is this gap (today), was it only because of the strong US market (prev night), or gas price hike ?? Or was it predictable from yesterday's closing ? The way Nifty moved after 1pm yesterday and gave a close around 5680.

Asking this out of my ignorance, Are gaps are predictable in someway ??

I don't know how to predict gaps.
May be we can home work and see what events triggered the gaps.
But Gaps occurs on news days.
So we have to be careful about the news (Importance of news).
Some times news is discounted :rofl: if it is not in the favour of smart money,
Usually the counter trend traders will get slaughtered.
I.e The day before gaps markets will move against the trend.
Gaps occur in the direction of Trend.

 

[jagankris]

Simple answer: NO

Dear ST,Dan,

When Lance Beggs says - people trade the shadow and not the reality ?
What does he really mean ?

Thanks in advance.

 

[DanPickUp]

Dear ST,Dan,

When Lance Beggs says - people trade the shadow and not the reality ?
What does he really mean ?

Thanks in advance.

I guess you should ask Lance directly about that, as he made that comment.