General Trading Chat

[vivektrader]

Thanks Augubhai
Please advise on my understanding

Nifty Daily

Amit ji, isn't the concept similar to the following post by STsir:
Yes any system can be traded more intelligently...that is where experienced traders score. I will give you following example .
We know that we are shorting the VPL ...now imagine that we are in uptrend and the upmove shows tiring out signs...now we get a minor downtrend....at some point it exhausts and we get a minor uptrend....making VPH....now we make a lower VPH....so in the new minor uptrend,the moment a mpl is cracked, we have what is known as likely visual downtrend....so instead of waiting for VPL to crack,we start short trade much higher with a small stop of mph.....method will not tell you this and traders keep waiting for crack of VPL and visual downtrend is confirmed...and enter too late...<br />
<br />
Are you all with me ? This is how a good trader works with the method.<br />
<br />
ST

 

[sherbaaz]

Sirji

This is Spot Nifty daily chart.

that does not make any difference dear. if you know price action throughly u dont need even the volume to tell u is it accumulation/dist. volume is just a supportive tool like any other tool.

regds,
s

 

[arsh22g]

Nifty looks way too pessimistic as compared to international markets and oil, but volumes are average. Still betting on an up move today

1/3rd long at 7180 (no SL), 1/3rd long at 7144 (7135 SL)....let's see

 

[pratapvb]

still just trailing the shorts on 15ama as nf below -1SD2

pb was only till 15ama

now if 15ama BOs could be a -1SD and -1SD2 failure longs till vwap ... not sure if worth it though

or +1SD and above that day reversal ...

but until then trailing and taking whatever the trend gives...looking for some more intraday profit taking in 7133-40 range

 

[blackberry]

still just trailing the shorts on 15ama as nf below -1SD2

pb was only till 15ama

now if 15ama BOs could be a -1SD and -1SD2 failure longs till vwap ... not sure if worth it though

or +1SD and above that day reversal ...

but until then trailing and taking whatever the trend gives...looking for some more intraday profit taking in 7133-40 range

I think there is little chance of long today,Just looking for long failure at VWAP if bounced but there is time constraint for intraday.

Sir are you trading with Bracket order or cover order

 

[pratapvb]

I think there is little chance of long today,Just looking for long failure at VWAP if bounced but there is time constraint for intraday.

Sir are you trading with Bracket order or cover order

I put SL order after trade triggers

cover orders was having problem in editing the SL for trailing

 

[amandeep86]

without having knowledge of accumulation and distribution, at max u can use it as pattern, which is not going to make profit. secondly trying to make it work on intraday chart is too risky. It was meant for EOD and weekly TF's with strong understanding of accumulation/dist.

regds,s

Hi,

Please advise how to understand is it Accumulation or distribtion ??

Also how it can help out in decision making process while short term trading??

 

[blackberry]

Siachen braveheart Lance Naik Hanamanthappa Koppad dead

My salute to another brave solider
They worked in such a difficult conditions...

 

[iwillwin]

Salute to soldier...
May his soul rest in peace...

 

[josefjohny]

BNF doing summersaults