Day Trading Stocks & Futures

[moneymanager1980]

I'm sure there is 20-30page terms and conditions which everyone signs without reading before opening account with brokers. This is why mr @Tejas Khoday is asking how he should present this data

 

[siddhant4u]

Do you think it would be helpful if we published stats about trading activity at FYERS? If yes, do give suggestions as to what could be interesting. We can give some useful data but cannot disclose individual traders' information at any cost. All other suggestions are welcome.

1) How many % trades result in profit
2) how many % traders result in profit over a period (quarterly should be fine, too much granularity not good
3) IF possible % of winning MIS trades. Positional would be difficult I guess if not,
4) Positional stats : how many positional trades (not traders) were in profit for 1 week holding, 1 month holding, etc (and booked, no paper profit)

 

[sanju005ind]

comparing covid data and this is not principally correct .. the data basically collected from individual to compile and share in a summary view.. obviously the consent from the individual must obtain else it is breach of trust ... i could be wrong as always ..

I'm sure there is 20-30page terms and conditions which everyone signs without reading before opening account with brokers. This is why mr @Tejas Khoday is asking how he should present this data

As part of my job I work with the global clients from US Europe. Both laws are very clear on not disclosing the data pertaining to an individual. It is called PII ( Personally Identifiable Information) As long as any part of the data which can identify and individual is not shared then it is no issue. Refer *GDPR(EU) GLB Act(US).
In india we do not have any such law .Even it was there it is only a summary or broad statistics. Even Iif my broker shared the data. What will i tell the courts. The courts will ask what part of your data has been shared and so on and so forth i hope you get the drift.

 

[against_tides]

broadly based on MP opening types like

open drive entry
open test drive
open rejection reverse

the above are 3 types of trade setups one can use. even if they fail they will give the confidence to trade on the opposite type as its a significant thing that an expected opening failed. also, these are the trades that mostly originate from 1M time frame as volatility is very high at the open so SLs are pretty big on 3-5M tf. so I prefer it on 1M. it's a quick scalp most o of the time

I use floor pivot along with PDH/PDL as key reference areas and some other PA/MP areas.

I can give you the eg of today's NF trade. opening for me was open rejection reverse from S2. I expected price to move us as OP took support @ S2. it did bounce back but did not get much out of the trade. then around 10:00-10:15 low of the OP was taken out indicated further downside. broadly this is how i look at the opening

I also trade opening.. I noticed one thing that there is a lot of fluctuation in the price of options ..even if the market is in your direction your option might get hit by SL.. I prefer to trade in futures if the trade has to be taken within 2 minutes of opening..

 

[niftytaurus]

a) When visual trend is sideways, we trade the sideways range boundries...ie buy on a minor uptrend near a lower boundry, book profits at or near the upper boundry and short the break of minor pivot low to ride the downmove......we can use failure to cross the upper boundry also to short.

b) I see both trends on the same timeframe ie 3 min...we have to train ourselves to see both trends on same chart without going to higher timeframe charts.....initially it is a bit difficult to see all the trends on same trading timeframe charts but with practice it is very clear to the eyes....

Smart_trade

Thanks a lot ST Da for your quick reply.
a) So, is it enough to know Visual trend & minor trend of 3 min to trade intraday? or Do we want to know Major trend of 3 min also?
OR shall we trade only those minor trends in visual sideways , which is in direction of major trend also?
b) how do we decide on Boundaries? whats the criteria to decide upper & lower boundaries? on last VPH OR VPL? as sometimes sideways turns to visual up & visual down.
Boundries we cant decide till at least we got 2 price points?

Thanks

 

[sanju005ind]

Since now a days we find lot of Gaps during the opening I thought I will put old post of Saint which might help some of the traders deal with the Gaps.. Read carefully and it could be very handy. It has helped me a lot

Trading the Gaps
-------------------------
While trading the markets, we come across many types of price action and gaps are one of them. It is indeed interesting to know whats the driving force behind these gaps and how can we really incorporate the concept of gaps in our trading. There would be days when we get gap up or gap downs. Understanding these gaps and trading them can be very juicy. But before we attempt to trade these gaps, it is important to understand them. Let's take various cases and make an attempt on how can we trade them.
Whenever we talk of gap, it must be a visual gap. Visual Gap is something which is very apparent and clear on charts. We are not talking in terms of points or %ges but just visual gaps.
There could be many types and gaps and there is a method to take care of each one of them.

Breakaway Gaps
Breakaway gaps occur when the price breaks out of a congestion zone. Congestion zone is basically a price range where the scrip has been trading for while. The top of this congestion zone acts as Resistance and the bottom acts as Support. To breakout of these areas, require a lot of momentum, volumes etc.. Volume needs to pick up not only for the enthusiasm for the Breakout or breakdown, but also for people caught on the wrong side of trade.

In case of breakaway gap, we expect the momentum to continue in the direction of trade. So, if we have a breakaway gap up, we would be looking at a long trade. And in case of a breakaway gap down, we would be looking at a short trade. Allow the 1st 5min bar to form in case of breakaway gap, and go long above this bar in case of gap up or go short below this bar in case of gap down.

Continuation Gaps
Continuation gaps occur in the middle of a trend and signal a rush of buyers or sellers who share a common belief on the continuation of the trend in the same direction for some more time.
In this case we expect the trend to continue in the same direction, so would like to take a trade in the direction of the gap. In this case too allow the 1st 5 min bar to form and we go long above the 5 min bar in case of a gap up, and go short below the 5 min bar in case of a gap down.

Exhaustion Gaps
Exhaustion gaps happen near the end of a trend. Many times these are the first signs of end of the present move and reversal of trend. Let us suppose we have had an extended upmove, then a WRB, some more bullish bars and then again a WRB and then continuation of trend for some more time, and then a huge gap up with huge volumes and vice versa for downtrend and gap down. This is exhaustion gap.

In the case of exhaustion gap, we expect the market to reverse the trend. So, in case of gap up after a large uptrend, we allow the first 5 min bar to form and look to short the break of the low of this bar. Similarly in case of gap down after a large downtrend, we look to go long on the break of high of the first 5 min bar.

Now we have seen the gaps where Exhaustion gaps and Continuation gaps are in the direction of the trend, and Breakaway gaps are breakouts or breakdowns out of a range. But there are more possibilities on how a gap can occur. Let us look at what other possibilities are there and what other types of gaps can we have.

Gap down when the market is in uptrend
While the charts show that market is in uptrend, we might suddenly get a gap down opening. We are not interested in the reason why this happened, instead we are interested in how tackle or profit from this situation. A gap of this kind, could imply sudden panic which might cool down once the market is opened or this might be change of the trend. So, we wait for the first 5 min bar to form and look forward to go long if the high of this bar is taken out and go short if the low of this bar is taken out.

Gap up when the market is in downtrend
This is exact opposite situation of the above. The charts show that the market is in downtrend, we suddenly get a gap up opening. In this situation, again we wait for the first 5 min bar to be complete, go long if high is taken out and go short if low is taken out.

 

[checkmate7]

Let me tell tomorrow's gap

 

[afin]

Let me tell tomorrow's gap

View attachment 42541

what a fall!

 

[checkmate7]

Only thing that can save tomorrow nifty big gap is US market..which should be in very deep green...Otherwise I see total carnage tomorrow so that they can blackmail FM for his last season finale episode ..

Nifty will be atmanirbhar

 

[Smart_trade]

Thanks a lot ST Da for your quick reply.
a) So, is it enough to know Visual trend & minor trend of 3 min to trade intraday? or Do we want to know Major trend of 3 min also?
OR shall we trade only those minor trends in visual sideways , which is in direction of major trend also?
b) how do we decide on Boundaries? whats the criteria to decide upper & lower boundaries? on last VPH OR VPL? as sometimes sideways turns to visual up & visual down.
Boundries we cant decide till at least we got 2 price points?

Thanks

a) For intraday, minor and visual trends are sufficient.
b) Boundries of sideways zone we will know once they get defined...and after that the market spends enough time in that sideways zone to give us few good trades near the boundry....

Smart_trade