My daytrading

[Suro]

Raghav,
why there is negative difference of 19- 20 rupees in tatamotors jul future price 1029 than spot price 1046. how one should form a view about the future price action in spot as well as futures. what is the implied meaning.. your insight sir.
Regards,
Bikash

I think this is because Rs 20 dividend. Ex date 19th Jul, after which this difference should go away!!

 

[bikashkumar11]

Raghav,
Gustakhi Maaf

Market Gap up open by 8 point around with upward bias and stayed there for 15 minutes
after that 7 candles remain in OB zone.....therefore market has a lot of steam after it did not went to os zone again took upward move make the days high of 5712...which was strong R2 zones...10 candle on 5 min chart in that ob zone.

therefore we could trade enter at 5650 level with strict stop loss of previous close... around 5633 gap up window or little wider sl at pivot support 1 level 5605-10 zone.
hope i am in the right track
Bikash

 

[rishiraj2]

Hi Raghav,

Great thread i must say..!! never came across such a nice explanation of concepts in any thread or any book (though read a lottt). Trading looks so simple now...I lost all hopes in trading after incurring big losses but after going through your pdf and all posts of this thread, i have developed the confidence again but need your help and guidance to maintain that confidence level...will be posting my doubts and trades as per your method..plz check them whenever you get time.

 

[bikashkumar11]

Hi Raghav,

Great thread i must say..!! never came across such a nice explanation of concepts in any thread or any book (though read a lottt). Trading looks so simple now...I lost all hopes in trading after incurring big losses but after going through your pdf and all posts of this thread, i have developed the confidence again but need your help and guidance to maintain that confidence level...will be posting my doubts and trades as per your method..plz check them whenever you get time.

Hi
welcome to the thread.. i share the same thoughts this thread is really helpful for novice trader like me .. i am sure you will have great learning experience.
thanks

P.S. is there new updated pdf? please provide the link.

 

[adityasaraf007]

Yes.... I have made a lot of Updations in the PDF..... but not uploaded it yet.....

I am facing a lot of issues with my Broadband Connection since last week...... It's running slower than the GPRS Connection........ Would upload the file once my connection gets normal...... till that time, please bear with me...... Don't worry, I would post the links to the updated file once I upload it.....

Regards,
Aditya

 

[Raghavacc]

Hi Raghav,

Great thread i must say..!! never came across such a nice explanation of concepts in any thread or any book (though read a lottt). Trading looks so simple now...I lost all hopes in trading after incurring big losses but after going through your pdf and all posts of this thread, i have developed the confidence again but need your help and guidance to maintain that confidence level...will be posting my doubts and trades as per your method..plz check them whenever you get time.

Hi Rishi,

Welcome to the thread.It's good to see you all learning and making development.

Sure, you can ask any questions here.Don't mind in case I take time to reply .

Keep the momentum going...

 

[Raghavacc]

bear with me...... Don't worry

Regards,
Aditya

Bear...??????? I could see only the bulls throughout the day.........:lol::lol:

 

[Raghavacc]

Let me get some time I will come up with remote price action for last three days ,how it all turned out and then today's chart and its analysis bit by bit.

I know you are all eagerly waiting for it. pls give me sometime....

 

[Raghavacc]

Nifty Daily - Dark cloud cover remains the monster for bulls.The top and bottom of this candle now remains LOC.

On hourly basis.Lower high then Higher low means there is desperate fight for getting in to drivers seat.A hammer also suggests that bulls have not gone weak.

5 minutes TF .A dull day.Even if you have shorted the break of IB downside on a daily TF, you had plenty of opportunity and time to cover for nominal loss or a small gain. Divergence. Tiny hammers all suggest that bulls have tried desperately to hold the price above the bottom of Dark cloud. 9.30 to 1.30 that range tells you something? can any one demistify it?

PS:Bikashji and Parthaji - I will surely reply to your posts once I get little bit more time.Have a good evening .....

Did any one tried to workout what I told on 5/7/11 about that 9.30 to 1.30 range?

Ok lets keep it like this. On 5th the bears have tried to pierce through both close and bottom of the cloud but could not succeed.We cannot say anything as at the EOD of 5th.We just say Bulls have worked very hard to keep the price above the close or bottom of the cloud.

Just look at chart how many hammers we have?That suggests that bulls have lot of orders at the bottoom to push the price up and not let the bears to crash through LOC.

6th July action in next post.

 

[rishiraj2]

Hi Raghav,

I am starting the exercise of posting my paper trades according to your method.....please correct the wrong trades and please let me know if i have missed any trade according to the system.

Sorry for being too enthusiastic but itz not my fault you have pumped in this energy in me thanks a ton for that I am really thankful to you.

I am posting last 3 days trades in Nifty...i took help of 30 min stoch. divergence and marked trades accordingly on 5 min with the help of price action and stoch. divergence...please see the chart:-

5min:-

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30 min:-(ignore the arrows)

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Thanks in advance