General Trading Chat

[XRAY27]

According to the flow method, they see three trends (Minor, Visual, and Major) on a single timeframe. And that single timeframe is your trading timeframe. For intraday it could be 3m/5m.

Well, flow method is also multiple time frame method Minor pivot is trade time frame and Visual pivot is lower time frame and Major pivot is trend time frame..Multi time frame trading with new way of presentation...

Example:

3 min is minor pivot then 15 min pivot are visual and one hour holds Major pivot

 

[LoneWolf]

How index movements are decided ?

Index represents a basket of stocks, like - NIFTY 50 has some 50 stocks under its belt. Is the price of NIFTY being decided by the average of all its 50 stocks and the weight they contribute to the index ? Or by some other means ??

Why I am trying to understand this is - When we see a good trend day in NIFTY 50, nearly 90% of its 50 stocks, move in the same direction giving a one sided advance decline ratio. But on other days let say If 28 stocks are trying to go up and 22 are going down, to compensate them, NIFTY might stay range bound. So what are the probability of getting 90% of stocks moving in same direction in a month so that we can catch a good trend in NIFTY to trade intraday ?

So does it mean, trading intraday on high beta stocks has a better probability of catching good intraday swings than trading the index ? Yesterday I got this question from one of my friend. So decided to start this for discussion. Experienced traders, Please give your valuable opinions on this,

 

[Smart_trade]

Yes,stocks give much better trending moves than index.Nifty and Bajaj Finance are almost same price counters but Bajaj Finance can give 250-300 points move on a good day whereas nifty will give 100-120.Trading index has its own advantages too.

ST

 

[rkripal]

According to the flow method, they see three trends (Minor, Visual, and Major) on a single timeframe. And that single timeframe is your trading timeframe. For intraday it could be 3m/5m.

Thanks for your reply..

I know multiple timeframes.. but i asked ST because he mentioned 'swing trading' and i have been doing swing trading for a long time... For swing trading, one definitely doesn't look at 3 or 5 min as far as i know(of course unless he mentioned intraday swings )

thanks

 

[timepass]

So does it mean, trading intraday on high beta stocks has a better probability of catching good intraday swings than trading the index ?

It has an even better chance of getting caught on the wrong foot and blowing your account, with high beta scrips.

This is from someone pretty much experienced in such a strategy

 

[vas2009]

ST sir just for learning.Swing longs triggered again at 8256-8260 NF range or am I jumping the gun.Thanks

 

[TradeJoker]

It has an even better chance of getting caught on the wrong foot and blowing your account, with high beta scrips.

This is from someone pretty much experienced in such a strategy

Exactly:clapping:

 

[mudraatrader]

Surprising
most of the traders and analysts were waiting for 8150/8050 and 17650/17500
and
market clocked for 8300 and 18000

 

[XRAY27]

Best example of Trading failure :lol: :lol:

 

[rip07]

seems like bnf n nf still in yesterday hangover.

--rip07