General Trading Chat

Mungus

Well-Known Member
There are only 2 ways to trade Such Days-

1)Trade VWAP/AMA/ADN
ie.,Play Boundaries

or

2)Remain SOH

If someone trading Pivot today and getting stopped out and thus blamming like Pivot not working,then they dunno what they are doing.

We have to identify whether the market is in a trend mode or range mode.And if we could figure out that then any Tukka Entry also will make us money.(because Tukka Entry wont be anymore Tukka Entry)

Some friends here who are struggling with pivots method should try getting their hands over VWAP or Market Profile concept.
Why?
1)Because market remain in range 80% and only 20% trend plays.Many people lose the big chunk in range market and when a strong trend setup begins they dont dare to pull a trigger and blame like Pivot Not Working :D

2)VWAP/MP like concepts gives us the opening idea that where the market is likely going..
Everyday is not a Pivot Day,it could be a range day.ST dada also said ki consider every day as a range day and see how its reacting to those levels and then take a trade accordingly.

and yes,Pivots do work,but only in trending market.
And VWAP like concepts serves better for range market.

Happy Weekend on a Happy Note.
 

vijkris

Learner and Follower
There are only 2 ways to trade Such Days-

1)Trade VWAP/AMA/ADN
ie.,Play Boundaries

or

2)Remain SOH

If someone trading Pivot today and getting stopped out and thus blamming like Pivot not working,then they dunno what they are doing.

We have to identify whether the market is in a trend mode or range mode.And if we could figure out that then any Tukka Entry also will make us money.(because Tukka Entry wont be anymore Tukka Entry)

Some friends here who are struggling with pivots method should try getting their hands over VWAP or Market Profile concept.
Why?
1)Because market remain in range 80% and only 20% trend plays.Many people lose the big chunk in range market and when a strong trend setup begins they dont dare to pull a trigger and blame like Pivot Not Working :D

2)VWAP/MP like concepts gives us the opening idea that where the market is likely going..
Everyday is not a Pivot Day,it could be a range day.ST dada also said ki consider every day as a range day and see how its reacting to those levels and then take a trade accordingly.

and yes,Pivots do work,but only in trending market.
And VWAP like concepts serves better for range market.

Happy Weekend on a Happy Note.
can u explain/further clarify , how to use vwap @ opening /1st hr to determine whether day is likely to be trending or sideways ?
 

deba72

Well-Known Member
Its only the nifty that is in range. Some stocks have definitely crossed ranges. On downside BOB was 155+, icici bank was 240+ this expiry. Yes bank started at 940 now its a good way up.

Looks like net money in index is fixed just that its being rotated among stocks.
Yes, you are right. Thats exactly the way LIC is used ( grapevine ! and I may be wrong :confused: )
 

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