General Trading Chat

[wisp]

ST Da,
Yesterday you said you are going to take profits in all dips. Does this mean daytraders should stay away from the market since positionals are taking profit on every dip.

 

[traderniftybank]

yeh lo 7171 bhi aa gaya, as posted, in 2 trading sessions.

 

[amitrandive]

Nifty Weekly

Is this a rounding top pattern in Nifty Weekly Chart ?Just asking for educational purpose.

 

[praveen taneja]

too many bad result expected today but most are already discounted and VIX at peak so around 100 point bounce mangta hai but mkt is king for my study purpose etc etc

 

[cinderblock]

Yeh rounding pattern ka target to abhi bhi bahut door hai

 

[wisp]

too many bad result expected today but most are already discounted and VIX at peak so around 100 point bounce mangta hai but mkt is king for my study purpose etc etc

According to Elliot, news only accelerates the move, does not change direction of market ....I recall reading something to that effect.

 

[Smart_trade]

ST Da,
Yesterday you said you are going to take profits in all dips. Does this mean daytraders should stay away from the market since positionals are taking profit on every dip.

Daytrading and Swing trading are different so each to be done separately....swing traders booking profit does not mean daytraders should be away from the market as daytraders trying to catch 20-30 points which market can still give..

Smart_trade

 

[vikas2131]

Very close to bottom for now...stocks have started moving up..

 

[augubhai]

2B Pattern for catching reversals. I do not trade this. I found this while browsing and thought of sharing it here...

http://www.surinotes.com/research/articles/suri2B_TJDec2007.pdf

 

[amitrandive]

2B Pattern for catching reversals. I do not trade this. I found this while browsing and thought of sharing it here...

http://www.surinotes.com/research/articles/suri2B_TJDec2007.pdf

Thanks Augubhai
Please advise on my understanding

Nifty Daily