General Trading Chat

That means globalriskinsight guy is short :D
On what, how many positions, when did he short and why even post it in public? Big guys do not make such comments in publicity for free. NO DOUBT ABOUT THIS. :)
 

manish9300

Well-Known Member
Quote:
Originally Posted by Smart_trade View Post
For swing ,we are in uptrend....for intraday we are in visual uptrend but we get smaller degree visual downtrend also within this uptrend. There is a possibility of developing visual sideways trading range also (7410-7495) .
ST

Sir ,
Break of mpl 7441 will form lower VPh and trend change is possible.But if a higher Vpl forms above todays Vpl than trend will turn sideways. so sideways range will be todays High and todays Low 7414-7498.Is this correct analysis?

http://i63.tinypic.com/23ho8ww.jpg
Structure is visual Sideways with range (7410-7498).Thanks sir.Now understood meaning of ur statement.
 
7410-15 is a strong support area...it may not break on one or two attempts but if it breaks, it will open NF for further downmove.

ST
insightful statement..
 

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