General Trading Chat

[333]

Bullish analysts busy in painting bullish pictures...bearish predicting ghanghor mandi adead...truth is no one knows what will the market do in future.

Smart_trade

This is true: No one knows for sure what market next will do. Still: Some pattern can help a bit to guess a direction for an entry trade. This always in conjunction with price action or other tools which even you are using and in which are also patterns who paint from time to time on the chart.​

market gira aur humare juwan bahar nikle !!!! Big traders big talk!!!!

 

[praveen taneja]

out of all EUs Indian companies gave worst results and looks continue to do so lets see would like to grab 7000 put of april for good gain

 

[Smart_trade]

Nah.. not today.. It sank sometime earlier in March... now I was only trying to bring the body ashore .. Anyway, today's loss is a bit of costs. Can't figure out Crompton's moves.

BTW guys, with a much stronger rupee, shouldn't BNF be zooming up ? Is tomorrow buy on dips ?

ST, what does Mr. TDST say about BNF ?

Sequential is a long term system . It does not speak too often but when it speaks, it pays to listen very carefully.

Nothing on Sequential...but Pratap's 15 AMA bands ( and the pivots of course ) caught all the moves in last 2 days...see for yourself.

Smart_trade

 

[333]

Bear Baba may give 12666 on Bank Nifty and 6969 on Nifty.:thumb:
The BIG bad a$$ gap downs are yet to come.:thumb:clap::clapping::rofl:

News you can use for bear dance........:lol:

 

[praveen taneja]

Look at DAX....9700 from 9985....Jai Ho....

 

[WaveSurfer]

Does Nifty qualify for a double top on the daily ?:yahoo:

 

[cloudTrader]

Today I got this E-mail from NSE. Thought of sharing here, if by chance somebody may not have received the same.

Dear Sir/Madam,

1. Settlement of your funds & securities has to be done by your Stock Broker within 24 hours of the payout unless otherwise agreed. If you have given a running account authorisation, your broker has to settle your account once in a month or quarter depending upon your preference after retaining the following permissible amounts:
— In respect of derivative market transactions, apart from margin liability as on the date of settlement, broker may retain additional margins (maximum up to 125% of margin requirement on the day of settlement) to take care of any margin obligation arising in the next 5 days.
— Broker may retain entire pay-in obligation of funds & securities due from clients as on date of settlement.
— Broker may retain funds/securities/margin to the extent of value of transactions executed on the day of such settlement in the cash market only.
— Broker may retain an amount up to Rs. 10,000/- (net amount across segment and across exchanges), after taking your written consent.

2. It is your right to get your account settled monthly or quarterly basis as per your preference.

3. Please review the margin statements and statement of accounts carefully on receipt. If they are not received, demand the same from your Broker.

4. You are advised not to give instruction to your broker not to settle your account on a monthly or quarterly basis as this is a contravention to SEBI requirement for mandatory settlement of accounts on monthly or quarterly basis.

5. Please bring any instances of non-settlement of your accounts on a monthly or quarterly basis as per your preference to the notice of NSE at [email protected]. Please quote the name of your Broker, your PAN number and period for which your account is not settled in the email.


Warm Regards,
Inspection Department,
National Stock Exchange of India Limited.

 

[niftytaurus]

clear on chart did fall nicely.

Thanks RJshem Sir for this another nice pattern.
Can you please explain it a bit about this setup
thanks

 

[cloudTrader]

Thanks RJshem Sir for this another nice pattern.
Can you please explain it a bit about this setup
thanks

This is a 3 push price reversal pattern explained by Al Brooks in his book Trading Price Action Reversals .

Small Quote:

When the market makes three pushes in one direction
and then creates a reversal setup that triggers the reversal
trade, the first target is the beginning of the
pattern, and the next is a measured move based on
the height of the pattern. For example, if there is a
wedge top where the third push up ends with a strong
bear reversal bar, and the next bar trades below the
reversal bar, the first target is a test of the bottom of
the wedge (the bottom of the pullback from the first
push up), and the next is a measured move down,
based on the height from the bottom to the top of the
wedge.

 

[rjshem]

Leonid thanks for the explanation.ur trades and thread going nicely keep up the good work.nifty taurus clear on chart it failed at day high vph after trying numerous times also a very strong resistance area 371 to 372,yes also a three push.and that failure bar at last breakout attempt at diagonal line and next big red bar along with reversal signals on all the other charts time for very good short oppurtunity.