General Trading Chat

[niftychartreader]

European market boom boom
SGX Nifty also boom boom
8,531.50 +67.00

 

[timepass]

Do you guys see something strange with above crudeoil snap quote...?

and the latest screenshot took few seconds before:

The scrip is locked in upper circuit.. The upper circuit was locked at 3034, then later revised to 3120 - maybe after a few minutes of the earlier lock. What exactly are you trying to point out ?

 

[PS Trader]

TCS Q3 PAT at Rs 5,444 crore versus Rs 5,288.3 crore, up 2.9% QoQ

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

Interesting thing is they said 100% bonus is coming for TCS employees and no job cuts for now as company growth is good.

 

[onlinegtrash]

oops... for the first time in my life seeing a scrip hitting circuit, was bit confused!
thanks timepass!

 

[Smart_trade]

Sudden gap ups/downs due to geo political news and development is a risk which a swing trader always has. These are called price shocks. These are larger than average gaps due to some events such as war breaking out, Fed and other central banks actions,terrorist attacks act of God like floods ,earthquakes etc.

These shocks occur once in few months/years. Swing traders position should be such that even 250-300 nifty points gaps should not make a big dent in his trading capital. Many will say then why trade swing ?? Swing trading is very profitable mode of trading and for a price shock of 250 points happening once in a while,we cannot let go opportunity of making that much or more per month in rest of the months.Good news is these price shocks do not occur too often.

Keeping the position size under control is the only solution. We cannot hedge our positions every day else it will dilute the returns to great extent.Sudden news no one can predict but known news events one can have a hedge only for that news if it is going to come when markets are not trading.Price shocks in downwards direction are more likely than in upwards direction.

Few of my thoughts on price shocks...

Smart_trade

 

[sudoku1]

Somebody once told me trading is one of the most boring job; you need to be pateint for the kill and then sit tight....

provided u r nt seated in d wrong direction :-D

 

[RAAMAKANT]

Don't know about Currency trends but
AFAIK Nifty is making Bow-Tie Diametric pattern.
I will post chart in the evening.

I too am not much familiar with this pattern
so I am just putting this chart for learning purpose only.

BOW-TIE DIAMETRIC PATTERN
Nifty Spot Chart
TF 1 hr.

 

[RAAMAKANT]

Dow crashing vertically........

 

[pakatil]

Dow crashing vertically........

It has become very choppy of late. Swinging between 200+ and 200- has become norm.

 

[stock72]

Dow crashing vertically........

Where crashing ? 0 .5%only down .