General Trading Chat

[Snake.Head]

Wrong thread

 

[vikas2131]

kya hua everyone busy scratching their heads with this stuck market & soh or busy trading

more like people are stuck at nifty...stocks are moving just fine...

 

[pareshR]

are nahi bhai 20 points scalp kiya abhi,screen se najar nahi hat ti jab tak sauda khula rehta hai

Nazar Hati to durghanta ghati

 

[Fundootrader]

will we see another 7600 touchdown ?

 

[blackberry]

is there any method to know about accumulation or distribution is going on on intraday charts???

 

[wisp]

yes, but i removed them later to keep it cleaner after gap up as vERL for uptrend ( gap up that failed) was same.
The one on the right too - All prices within 1 red bar - i dont want to micromanage too much for a tick break. It only makes trend as sideways after tick break failed and trend resumes below 5 - same as looking at Inside bars.

Does not effect question.

I can see your point of view on the VP I marked on the right because it is within the single bar. But the VPs on the left, I would keep them.

I am not sure if there is an upgrade VP on minor ERL in DT like here over which to go long. STDa please help! Is minor ERL based contra entry similar to head and shoulder pattern after some move?

 

[TracerBullet]

I can see your point of view on the VP I marked on the right because it is within the single bar. But the VPs on the left, I would keep them.

I am not sure if there is an upgrade VP on minor ERL in DT like here over which to go long. STDa please help! Is minor ERL based contra entry similar to head and shoulder pattern after some move?

They are VPs but they dont affect the trading plan as we have same vERL below which we got reversal trade. So i removed for less clutter but we can keep them.

For your chart - mine is bit different. Instead of pin bar it is full body so mERL is lower and so cant upgrade. Even in yours the close below is not convincing to call it trend change, i am not sure about it.

This actually makes my question more clearer, i wanted to simplify the question but maybe i made it more confusing ...
If you see my question about vERL, If we can move the vERL down from VPL3 to VPL1 ( for downtrend), then we get reversal on pivot above 163.5 which is roughly same area.

 

[vikas2131]

is there any method to know about accumulation or distribution is going on on intraday charts???

volume is the only way...

 

[traderniftybank]

will we see another 7600 touchdown ?

Looking difficult. By now even 7530 not broken. May be/likely if NF be able to cross 7550
Nifty looking tired/exhausted, even in this todays upmove

 

[wisp]

They are VPs but they dont affect the trading plan as we have same vERL below which we got reversal trade. So i removed for less clutter but we can keep them.

For your chart - mine is bit different. Instead of pin bar it is full body so mERL is lower and so cant upgrade. Even in yours the close below is not convincing to call it trend change, i am not sure about it.

This actually makes my question more clearer, i wanted to simplify the question but maybe i made it more confusing ...
If you see my question about vERL, If we can move the vERL down from VPL3 to VPL1 ( for downtrend), then we get reversal on pivot above 163.5 which is roughly same area.

VPL1 will be a Major pivot, so may be we can take it as pivot above Major ERL.