General Trading Chat

[XRAY27]

sorry i didnt get you

 

[VaibhavPRO]

What a day. Didnt took any trade today. Hats off to guys who made profit today :clap::clap:

 

[snp1]

Bhai !!!
Only 3 trades +20+10 and BE fourth one missed watching positional chart in another screen:annoyed:...
with all (intra+positional+options)..eyes are coming out of socket ...

Xray Bhai,

Good job..
I guess u traded last 30 min.today.

 

[XRAY27]

Xray Bhai,

Good job..
I guess u traded last 30 min.today.

Some open positions are there on long side

 

[jagankris]

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

Dear HEM Bhai/Manoj,

For me stop loss/Stop Hunting/hitting is a technical subject not just a matter of worrying/cribbing.

It doesn't matter whether algo's hunt the stops or it is done manually.
But this happens every day and one need to acknowledge/understand this and use it for advantage in trading.

After stop loss hitting (hunting) - we try to see how price reacts there - if it is a sudden price shock or big orders triggering the stops and/if there is continuation in the direction of stop hunting(Mostly high volume - high momentum swift market moves - Trend reversal) or reversal (stopping /absorption volumes and price resuming in the opposite direction )?

Breakouts/breakout failures/Swing top/bottom failures/Trend reversals.
or a slow/tough trend which keeps making new new lower lows/higher highs - but keep hitting the stops (after making false PA and taking out previous MPH/MPL's ) or vice versa or price making complex pullbacks after hitting stops.

Or how other time frame traders take positions there (if it is a crucial support/resistance) coinciding with higher time frames.

And also this is very important for support resistance trader/counter trend trades/ as stops will be close and will not have the leisure of time like a trend trader to react.

 

[timepass]

Europe back in deep red, American futures showing the Himalayan pattern. What is happening ?

 

[Riskyman]

Europe back in deep red, American futures showing the Himalayan pattern. What is happening ?

Haha No clue. My last nite's trade on SPX hit trailing Sl at 1945 this morning and thereafter moved up to 1968 levels which was a 50% retracement of yesterdays fall. Since it failed to clear it, I went short again. here we go down with a lot of red bars. Not sure why/what but something spooking western markets. At the moment dow futures slipped into the red. Looks like long way down if 1930 gets taken on a closing basis. Will know when US opens.

 

[Somatung]

Europe back in deep red, American futures showing the Himalayan pattern. What is happening ?

Every body seems to need from time to time real, good and natural fresh air as non can live to long over there without any real, fresh air in the long run. But markets will be back when ever to test where the new, with little fresh air levels will be and how long they can stay on this levels.

 

[jagankris]

Friends,

Can some one pls share 3months Nifty/Few Nifty Options 1Minute data with Open interest ?
TIA.

 

[vijayanscbe]

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