General Trading Chat

[XRAY27]

We are in making of NRx day in range of 11 Feb bar. option writers will mint money and future guys will cry. If some one feels like pulling his hair and bang head in wall, dont complain me

Just think of daily stop loss hit from tomorrow till 25 th feb still no issue as far as fut. traders is concerned because this month already given a ton to every body(intra+swing),business is already done done for this series ...i don't know much about option writers

 

[copypasteaee]

Auropharma yes has been showing signs of strength - but I think it's already at level where it facing resistance

Had brought it during last bottom - at Auro's bottom and sold intraday - been following as still in my watchlist

HDFC Bank is still weak - it hasn't corrected - if you watch it - someone is dumping it whenever market is moving up

these were just for btst.

 

[wisp]

Just think of daily stop loss hit from tomorrow till 25 th feb still no issue as far as fut. traders is concerned because this month already given a ton to every body(intra+swing),business is already done done for this series ...i don't know much about option writers

Can you please explain how you arrrived at this conclusion?

 

[wisp]

We are in making of NRx day in range of 11 Feb bar. option writers will mint money and future guys will cry. If some one feels like pulling his hair and bang head in wall, dont complain me

so you must be one of those options millionaires since you know exactly what market is going to do

 

[amitrandive]

what is vwap gap?

Copied from my notes,cannot locate original link.

VWAP is the Volume Weighted Average Price of a security. It shows the average price of the positions traders carry at the moment. In NOW terminal it is shown as ATP .

We play on simple technique that find out which is a side which is trapped and how much are they under water. At 2:45 the weighted average of Nifty future was showing 5035-40 whereas NF was quoting at 5085....a clear gap of 40-45 points. This means that the market is heavy at the bottom or lots of trades have happened below 5035 ......and the longs are comfortable but shorts are now feeling the heat. They will come for covering their short positions......also at 3:10 the brokerages will square off all loosing positions which are not covered by margins. So here instead of booking profits add on every dip ......the bears are dying to cover their short positions.

After 3:10-3:15 there is panic in bear camp.......the die-hard bears come to cover after 3:20 and it is adding fuel to the fire. We just have to watch market going up like a rocket.....last 20 min give us a very quick move up.......and we get best price when the bears say " damn.....cover at any price...." and that is where we liquidate our long position built up anticipating this to happen.........it is a fun to trade this move....

 

[vijkris]

Copied from my notes,cannot locate original link.

would like to know the location of ur "notes".
it seems lot of valuable items is present inside the notes.

 

[timepass]

what is vwap gap?

Copy !!!

Just read below posts...

http://www.traderji.com/day-trading/72827-thoughts-day-swing-trading-part-2-a-17.html#post741194

http://www.traderji.com/day-trading/72827-thoughts-day-swing-trading-part-2-a-17.html#post741362

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading-49.html#post595540

Here's the link to the original post (post no. 485 in "Thoughts on Day/Swing Trading"). Then it is discussed in the later posts.

 

[XRAY27]

Can you please explain how you arrrived at this conclusion?

Simple from the post of members

 

[traderniftybank]

vooooooooooom
Tomorrow a big gap up open.

SGX, Europe and US markets all in big time green.

 

[Fundootrader]

vooooooooooom
Tomorrow a big gap up open.

SGX, Europe and US markets all in big time green.

7300 touchdown ... vrooom vrooom..