General Trading Chat

[ROCKSTAR55]

how much Snap Quote Window is reliable?

I read some interviews.Some of them using Snap Quote Window/Market Depth Window to decide whether to take Long o Short.

some XYZ scrip showing more Sellers in this window,does that mean,we can sell that? Dunno..
But on on the charts its making lower lows..so looking good for Scalping..

Quick Replies pls.

Due to the disclosed quantity option this numbers are not much reliable. You can show your quantity much less than actual to avoid manipulation by others.So this figures may mislead. May be some of this people have systems to watch actual buyers and sellers with actual quantity.

 

[pareshR]

7800/16600 dila do bhai , long jana hai , but ye faltu mein ud raha hai

NFFut 7802 made low ,

 

[nifty trade]

Bitcoin guy says some big event to take place sep 13/15 would that be true? https://www.youtube.com/watch?v=rkELgi6EkNo

there are literally thousands of videos like this on youtube , not exactly on shemitah but on various other theories ,when and why the world will go down .

interesting thing is that the dates keeps changing in future again and again and yet again................there is no end to this theory , whether world has an end or not :lol:

 

[rahulmalik]

NFFut 7802 made low ,

get ready for band bajaoing

 

[TraderRavi]

NFFut 7802 made low ,

messed up day for me so far

 

[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

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.

Dear Jagan bro,

you totally misunderstood my post.........when i said that stop loss/Stop Hunting/hitting is a just matter of worrying/cribbing and not a technical subject ......... and bro whatever you wrote regarding stop loss/Stop Hunting/hitting is all technicals and i know that very well and this is covered in each individual successful trader's trading method and i already wrote in my post that we must trade according to our trading method and chart rigidly.

I only wrote about algos,algos stop-loss Hunting and market makers or movers....... because we are very small retail traders and all these things are not in our hand and not in our control so why worrying about these things...... we should only worry about our trade, partial/full profit booking, SL,TSL , MM and TM according to our method and that's all.

Market and price is dynamic and random and we can not predict the next move of price/market also with all knowledge of technical stuff........... all technical stuff gives us whatever knowledge is all probability based and so how we can win the path of stock market....which is full of thorns......... so the only path is first make the trading method with positive expectancy and according to your personality and then do pratice and pratice and pratice of your trading method and comply your trading method rigidly with full concentration and with full confidence.






HEM

 

[Blackhole]

 

[talyan]

messed up day for me so far

Me too

 

[wisp]

Xraybro, will you please post the image in this post if you still have it? http://www.traderji.com/general-tra...learning-group-vijaywada-119.html#post1085080

 

[sangram1705]

FAILED breakout in INFY futures