General Trading Chat

[eku]

AMA AFL with Green and Black ma/sma i.e., 15fast and slow works fine.
Pratap Sir shared both the AFL's.

If someone can add the parameters for the AFL as per my requirement, I'll be thankful..

http://www.traderji.com/general-tra...68-general-trading-chat-1896.html#post1098462

http://www.traderji.com/general-tra...68-general-trading-chat-1897.html#post1098545

 

[eku]

Hello All, Does anyone know any good books/website/article/thread or reference to study chart interpretation from candle by candle analysis.. Need to learn the language of market.. Plz,, Thanks

Albrooks has 3 books..It has candle by candle analysis.
Language is lil hard,you hv to read it multiples time.

 

[amitrandive]

Hello All, Does anyone know any good books/website/article/thread or reference to study chart interpretation from candle by candle analysis.. Need to learn the language of market.. Plz,, Thanks

http://www.brook sprice action.com/
http://www.traderji.com/advanced-trading-strategies/50888-reading-price-charts-bar-bar.html

 

[talyan]

Nifty revised market lot size 25 to 75 bank nifty 25 to 30
Lot of margin required

 

[talyan]

Deleted.....

 

[vijayanscbe]

Today Nifty spot have broken the imp support level 7723.85 ( 17 oct 2014) ......... two two possibilities are now ...... one is recovey from current levels second is some pullback and then more fall till 7540 (another imp support level).

Very nice explanation. As per your observations do these major levels always produce jumps in short timeframes. Or have you observed nifty hanging around on support levels for some hours.

I am giving my opinion.
Demand/Supply is another form of the support/resistence. If price moves up steeply, then mark the starting point as demand zone. When price visit this zone it may see reversal. Amount of reversal depends on whether the zone is early part of the rally and if its touched for 1st time. Vice-versa for decline.

Demand/supply or Visual pivots or support/Resistance or Trend lines, any method apply that to big picture (Higher TF), you can have some clear picture.

 

[pravi_kanth]

ST Da,
Yesterday you hinted about the V reversal pattern, is today's 25Aug nifty made the same pattern? How to identify this quick upmove, I missed it and even burnt my fingers.

Thanks,

Ravi

 

[Somatung]

ST Da,
Yesterday you hinted about the V reversal pattern, is today's 25Aug nifty made the same pattern? How to identify this quick up move, I missed it and even burnt my fingers.

Thanks,

Ravi

If you want answers, then you also should post from your side.

How did you burn your fingers, what was your mistake and how do you think you could improve your trading?

Only pushing for free answers from dear ST, but not giving any thing to him is really a cheap trying to suck out some bodies way.

So how did you burn your fingers in details and then lets analyze it.

 

[pravi_kanth]

I will try to explain how it happened.
My indicators are Fast Stochs and BB and 2 min for Trading and 5 mins for Trending. Reliance does not give a good charts in the web terminal so I follow Google finance nifty.
Nifty was consistently nearing mid of BB and was falling and I thought the same would happen around 12pm. 2min Chart candle was also making lower high and 5 min had been in OS for more than 5 bars. Then thought it is again going down and initiated short at around 7680 level, it went down for some time but zoomed up in a very short interval.
I was trying to cover but could not do due to reliance terminal got hung for very long period, that was different issue but on the whole I missed that opportunity and had to bear loss.
Now u would have understood that my trading is not completely as per rules and I am in very starting stage of learning. I thought I will unnecessarily post wrong observations.
During EOD analysis I found it like V shaped which I could not understand during the trading, this is a surprise and then suddenly realised that yesterday it was been hinted. Hats off to the experience and remembering these things which I am bad at learning now.
Anyways, thanks Somatung for inspiring me to write my trading. I never wrote the trade journal (a bad habit) will try to bug you guys or will note it down.

Please share your experience for today's trade.

BTW - Learning whatever I have till now is based on ST Da's posts, Mr. Raghav's document and many more on Traderji.

 

[XRAY27]

Max pain for :-

Nifty :8000

Bank Nifty:17500