General Trading Chat

[XRAY27]

See the last few minutes footprint chart :clap:

Nice image of OFA(Order Flow analysis)..there are few setups in that...i was a OFA trader ,at start of my career ,thanks to the finest traders who taught me that, which is almost uses the D and S along with it volume which forms deception zones and acceleration zones ,but i'm using manual calculation for all this...

 

[traderniftybank]

Do not think NF will move above 7525/30

7454 is coming and I fear 7454 may not trigger a fall

 

[Smart_trade]

Nice image of OFA(Order Flow analysis)..there are few setups in that...i was a OFA trader ,at start of my career ,thanks to the finest traders who taught me that, which is almost uses the D and S along with it volume which forms deception zones and acceleration zones ,but i'm using manual calculation for all this...

Please write some posts on which software to be used, Ninja trader,Gomi charts,data source, how to trade these charts etc in simple to understand by all here manner.

I get a feeling that it is more of a tool for scalpers ...I may be wrong.

Smart_trade

 

[XRAY27]

Please write some posts on which software to be used, Ninja trader,Gomi charts,data source, how to trade these charts etc in simple to understand by all here manner.

I get a feeling that it is more of a tool for scalpers ...I may be wrong.

Smart_trade

Dada !!!!

I'm not using any of this software nor having any knowledge on them..whole thing will end at Demand and supply zone analysis at start,only addition is the D and A zones..

yes !!! studying individual candle only help for scalpers... as a "zero " knowledge fellow on the softwares,i kept out of the thread on OFA..

i will try to present the whole thing in new way without much use of any other software..with in short time in best possible way..

 

[timepass]

Looks like VWAP gap working in the bulls' favor since last few minutes.

 

[arsh22g]

What a trap...what a trap :clapping:

 

[blackberry]

Support in making ???

 

[Tavnaz]

Arsh,

Just a simple analogy. E.g a newly constructed building has a value (Cost + labour) of X amount. Say this is the 'value' of the building, and is represented as same as 'Spot Nifty' Now the owner wants to sell it. Surely he will not want to sell at cost, but rather at a premium. But what price will the property attract? This will be based on the 'trend' If real estate prices are on the upswing, the owner will want a premium. And if the prices are on a down swing, the seller will want a discount. Consider the price the building gets transacted 'As Nifty futures' This price is a consensus price of the buyer and seller....

So to answer your question, futures prices take into account trend, expectations, volatility, demand-supply, greed and fear etc.... The same principal (in my view) determines Index or Stock futures trade.... and Nifty Spot follows these unquantified view of the market participants.....

Trust this helps....

Nice Explanation.

 

[XRAY27]

Support in making ???

Answer !!!!

 

[eku]

I am 49
Hope it'd help some1 in a trading