Learning Group -VIJAYWADA

[anilnegi]

Demand and supply area for 16th june

the bounce was very sharp, but million dollar question is how to trade using this information

thanks

 

[XRAY27]

Demand and supply area for 16th june

the bounce was very sharp,but million dollar question is how to trade using this information

thanks

Anil bhai,

First study the rules in my trading system and know price action for getting answers to your million dollar question...

 

[XRAY27]

BREAKOUT TRADING

Breakout Trading as they say is not for tech new bees. Here is my humble experience about trading them

1) When ever prices break an imp. S/R level it’s a breakout. So the important thing about picking them is to judge the importance of those levels. But more important is the pattern that suggests a breakout.

2) There are many-many patterns and each of them has a specific set of criteria. Sometimes prices survive double tops, wedges or similarly others. Thus it requires experience of reading innumerous charts.

3) Price targets are determined from the pattern how the s/r levels are breached. Volumes are equally important. And again retracements and extension levels are very important, but I consider them important in all trading decisions, momentum based or after completion of a pattern.

4) Once the risk factor is conceived they are the most profitable trades.

Source:Internet

 

[XRAY27]

Idea/s of ST...

"Intraday trading can be done in following ways :

1) Take all trades in the direction of the longer timeframe. So if we are trading on 5 min chart, see what is the trend on 30 min chart...if it is down, take all short trades on 5 min chart.....but your trade entry,stops and profit taking all has to be on 5 min chart.. This is relatively easy as we are trading in one direction generally unless the trend on larger timeframe reverses during the day..

2) Trade the intraday swings without any bias....trade as the price flow moves...trade from short and long both sides....this mode is bit difficult as we need to be fast in reversing our positions and we need to understand the market action well....and very rigid on stops....

Smart_trade "

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading.html#post518620

"MULTIPLE TIMEFRAMES

Multiple timeframes is a great concept even for day trading and short term trading . This concept was developed by many and Dr Alexander Elders and Robert Krauz are the two names I associate with concept of Multiple timeframes.

There are many ways multiple timeframe concept can be used in our trading.Some of the applications are as under :

1) Trade in the direction of trend on higher timeframe.....suppose you are trading 5 min bar, take all trades in the direction of higher timeframe...say 30 min timeframe. So if 30 min timeframe is in uptrend, take all long trades and no short trades.....our sequence of trades should be long...add....book profits.....stay out....again long...add....book profits. But what if the 30 min is not trending and is in sideways phase ? Either dont trade in this period or even if you take trades, be very fast to get out on first sign of trouble....We daytraders want our trades to move in our favour quickly after we enter....and we dont like hanging around in a trade which is going nowhere.

2) When longer timeframe is trending, we trade more aggressively in direction of that trend....we give bit more room for our trades to work.....but when the longer term trend is sideways.....these trades are small , choppy and frustrating ,we enter and exit fast....grab whatever profits we can.....but in trending period we play for big win.

Smart_trade"

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading-5.html#post523367

My trading system which i disclosed is almost of same idea of "Higher time frame rules" just tuned to suit my needs..

Points for newbies and system searchers

1. There are many setups already there in the forum.so continue searching for new trading methods is not of any use ...

2. Try to apply the systems/setups ..and make necessary changes for your risk appetite.

3. Albrooks (based 20 MA),neil fuller,bob volman (based on 25EMA[/B]...trendlines ..some pattern/s..(just name change at max)

4. YTC based on BRN,RN,YH,YL,DL, etc...

5. Always remember that no two traders follow same system..but there concepts may be same..it is the fine-tuning that gives edge in market

 

[anilnegi]

Nifty 30 minute- supply area 8180, demand area 8100-8092, we might see upper level today lets see

 

[XRAY27]

 

[XRAY27]

 

[XRAY27]

NIFTY SPOT EOD

Options data also showing resistance around 8250 and 8300 as charts

..

 

[amitrandive]

Which section on NSE you get this data?

 

[XRAY27]

Which section on NSE you get this data?

compelled from nseindia.com

http://nseindia.com/live_market/dyn...-&segmentLink=17&symbolCount=2&segmentLink=17