General Trading Chat

[vishnu_1990v]

Seniors,
Are the markings of visual pivots and Major pivots correct.
Are we in sideways major trend?
Please tell us the imp of major trend and how to use for intraday trading and in higher time frames.

vishnu_1990v

 

[pareshR]

Good Morning

 

[XRAY27]

Seniors,
Are the markings of visual pivots and Major pivots correct.
Are we in sideways major trend?
Please tell us the imp of major trend and how to use for intraday trading and in higher time frames.

vishnu_1990v

@ vishnu

Bro !!! i think subhadip is covering this topic in his thread. it is better to ask there it self ...trading sideways is much more complicated subject for learning,check ST da thread for better understanding...

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading.html

One of the drawback of this system is sideway market !!! if there are any amendments or tweaks to this to cope with sideways i don't know !!!

 

[XRAY27]

ST da post on side ways market

What Should A Trader Do In A Sideways Market ?

Markets always go through trending and sideways phases. A sideways phase gives rise to trending phase and after trending phase we always get a sideways phase. This is very much predictable in any market, any timeframe.

If a trader is trading a trend following trading method trading Index Futures such as Nifty Futures , the sideways phase will give many false starts, whipsaws giving him losses.Trend following methods always make money during the trends and loose money in sideways markets. So if one is following a trend following method for all phases, he may make money overall if the length/ range of sideways phase is smaller than trending phase....but if the sideways phase lasts long...the losses will mount. I have seen some average crossover trading methods giving 8-10 consecutive loosing trades in last 8-10 days when market is sideways.

How does one handle this situation ? There are ways to find out ( though a bit after the phase starts ) that we are in sideways market. Once that is identified, either don't trade a sideways phase with trend following method or if you are trading thinking that the market has come out of sideways phase, trade small so that till market really starts trending your losses are kept minimum due to false starts....and when trend starts again, you can start making money with your methods.....not trading in choppy sideways markets which are unpredictable is very important trading decision.

Last few days being sideways many traders asked how to handle such a phase as they are loosing and getting whipped ....and remember that after sideways phase, a trending phase definately comes.....so be in good shape to trade that trending phase which will follow.

Smart_trade

 

[newuser_RK]

Seniors and all do you believe in astrology, I know an astrologer in my vicinity who tells things about you that no stranger can tell. I never used to believe in all these stuff but this incident is forcing me to change my belief which is difficult. Please share opinion if you feel the question is worthwhile

 

[TradeJoker]

Seniors and all do you believe in astrology, I know an astrologer in my vicinity who tells things about you that no stranger can tell. I never used to believe in all these stuff but this incident is forcing me to change my belief which is difficult. Please share opinion if you feel the question is worthwhile

Next time up meet him by wearing a shirt without pocket

 

[rahulmalik]

The US markets & the global markets have gone into most Fed meets on a bullish note i.e they are so sure that the FED is not going to hike rates...

OK. so what does this implies by looking only at the charts ?

On an additional note, by constantly watching BNF yesterday, it was pretty much visible that BNF was shorted above 16900 levels, and shorts covered and longs added on the dip to 16700. FII remain net sellers in cash ! So if Fed meet has to turn market to bullish, that would conclude that FIIs will start buying at these levels ? and that would easy pump Nifty up to 8300 / 8600 levels ? Or is that the selling in cash is precautionary and planned, so to exit cash market while above 7800 or 7900 (may be today), to avoid selling at lower levels of 7500 or below ?

Opinions Please...

 

[TraderRavi]

gap up opening :
nifty 7886 +57
banknifty 16885 +145

 

[Smart_trade]

OK. so what does this implies by looking only at the charts ?

On an additional note, by constantly watching BNF yesterday, it was pretty much visible that BNF was shorted above 16900 levels, and shorts covered and longs added on the dip to 16700. FII remain net sellers in cash ! So if Fed meet has to turn market to bullish, that would conclude that FIIs will start buying at these levels ? and that would easy pump Nifty up to 8300 / 8600 levels ? Or is that the selling in cash is precautionary and planned, so to exit cash market while above 7800 or 7900 (may be today), to avoid selling at lower levels of 7500 or below ?

Opinions Please...

We will never understand the full picture of FIIs action present and future. But the market on 30 or 60 min timeframe was bullish for last few days and we have to take bullish positions. Going into the Fed meet with our market closed may necessitate some risk control such as convert swing long position in NF to long calls so that the stoploss is inbuilt.Or trade verticle spread by going long in 7800/7900 calls and selling say 8200 calls.

The real buying will come only when the corporate results start improving and that will be Dec quarter or later in my view....

Smart_trade

 

[TradeJoker]

so better trust on your self and GOD ( may be u can see movie OMG/PK etc)
Note : this is purely my own view

It's my view too:clapping::clapping: