General Trading Chat

[deba72]

On friday most were expecting a uptrend day above 8250 after a breakout from 8225-175 range. But market stayed in range to slightly bearish. Its not new that market does something when it is least expected. And when its widely expected, market does the opposite.

But then question is - its we as traders create our view and thus our resulting order flow (supply vs demand) moves the price. So most are aligned in one particular direction lets say bullish its obvious will create a bullish order flow.. Then how come market does not move in that direction. Who is creating a much stronger supply zone which is absorbing the majoritarian of bullish demand ??

There is a similar concept on open interest as explained by John Murphy in his most famous book. As traders keep taking position on one side or the other, OI keeps building up. And there are some guys ( the most powerful ones ) who keep supplying those OI positions. Over a period time, when we see almost near consensus on one side there can be a scenario that 90% of the traders are long and only 10% are short ( same on the short side also ). So then the question is who are these 10% people who can supply 90% of the guys with open positions. Normally these 10% are the most resourceful and powerful ones who can bear this huge open position on contrary to the market expectations. And more often than not, these 10% guys have the last laugh ! :lol:

 

[amitrandive]

On friday most were expecting a uptrend day above 8250 after a breakout from 8225-175 range. But market stayed in range to slightly bearish. Its not new that market does something when it is least expected. And when its widely expected, market does the opposite.

But then question is - its we as traders create our view and thus our resulting order flow (supply vs demand) moves the price. So most are aligned in one particular direction lets say bullish its obvious will create a bullish order flow.. Then how come market does not move in that direction. Who is creating a much stronger supply zone which is absorbing the majoritarian of bullish demand ??

 

[timepass]

RBI policy - no change. Inflation may move up says RBI

 

[vikas2131]

RBI keeps repo rate, CRR, SLR unchanged

Read more at: http://www.moneycontrol.com/news/ec...unchanged_6821421.html?utm_source=ref_article

 

[Smart_trade]

RBI policy came and gone...market not going anywhere.It probably needs to spend some more time here and frustrate traders some more

Smart_trade

 

[cinderblock]

Ab aayega HOD

 

[vikas2131]

RBI policy came and gone...market not going anywhere.It probably needs to spend some more time here and frustrate traders some more

Smart_trade

i said the same thing when market went up 400 points in 4 days ..bauat tuk tuk hone wali ha ...aur wahi ho raha ha...

 

[cinderblock]

300-400 point khane ke baad thoda rest and relaxation to banta hai.

Look out the window and watch the rain clouds

 

[Smart_trade]

i said the same thing when market went up 400 points in 4 days ..bauat tuk tuk hone wali ha ...aur wahi ho raha ha...

Market if it can go up 400 points in 4 days, it can as well go up 400 points more in next 4 days...so saying that market has gone 400 points, and it has to go sideways is prediction.....but having observed that it is not going up any more and forming a range is trading on facts and data.So you are trading on facts.

Smart_trade

 

[rip07]

Market if it can go up 400 points in 4 days, it can as well go up 400 points more in next 4 days...so saying that market has gone 400 points, and it has to go sideways is prediction.....but having observed that it is not going up any more and forming a range is trading on facts and data.

Smart_trade

Yes Sir!! I remembered in may, 2009, two back 2 back circuits in nifty.

rip07