General Trading Chat

[TraderRavi]

Dow was up 90 points a while ago. Now selling off quite fast. SPX lost about 0.7 gains from top in minutes

have few calls , now confused about tomorrow , may be gap up .
hold or sold

edit : sold , no positional as not clear , so no tension.

 

[pareshR]

have few calls , now confused about tomorrow , may be gap up .
hold or sold

I smile :lol: b'coz i have no idea whats going on :lol:

 

[HEM]

I have come across two opposite views about Algo-Stop-loss Hunting on the internet.

ONE VIEW is-

stop hunting is done by algos .
Market movers have precise data of no of stops placed and where which are not available to the retail.
Stop hunting happens daily.
Stop hunting happens for the sake of running the stops.Because it is highly profitable..


ANOTHER VIEW is-

It is not possible for algos to know exactly the precise data of no of stops placed and where ..... for stops are known only by order placer ....... and other can know about it only when the stop is triggered .....

Which of these two are correct ? ... Experts ..? .... Anyone .... ??

Dear manoj 2012,

Don't think,worry and waste your precious mind, energy and time on these things ......... we should not worry about algos,algos stop-loss Hunting and market makers or movers and instead of this(think and worry about algos and market makers/movers) we must trade according to our method and chart rigidly with full concentration and with full confidence and after that whatever market gives us... we should accept with satisfaction.



HEM

 

[Somatung]

have few calls , now confused about tomorrow , may be gap up .
hold or sold

edit : sold , no positional as not clear , so no tension.

And I just wanted to post that you could make now a call credit spread to reduce your risk.

 

[Somatung]

Is it ok to post a youtube video on the economy? It is not about trading. Will it violate any rules?

Best you post it in the "Day Traders Lounge" thread which is here: http://www.traderji.com/general-trading-investing-chat/98792-day-traders-lounge.html

 

[timepass]

Today looks like a bear, feels like a bull

 

[TraderRavi]

have few calls , now confused about tomorrow , may be gap up .
hold or sold

edit : sold , no positional as not clear , so no tension.

what a bad timing !!!
just 5 min after NF& BNF moving up like crazy

 

[Somatung]

am i right ? is it a wedge ?

Use this link to make any analyzes you think you see with any chart pattern: http://thepatternsite.com/chartpatterns.html It surely helps in many cases.

 

[XRAY27]

NF 5 minutes , i wonder if it was a wedge top ?

am i right ? is it a wedge ?

NT !!!

That is a perfect pattern which formed below Previous day low... nice reversal pattern

 

[nifty trade]

NT !!!

That is perfect with which formed below Previous day low... nice reversal pattern

sorry i didnt get you