Nifty : Real time discussions...!

[linkon7]

Linkon, these partial exits that you do, is it psychological? Because when it moves 10pts in your favor, bringing the SL for the whole lots at BE and holding it for your targets gives you better rewards in the long run, does it not?

I avoid bringing sl to my BE... as it doesnt make sense... market will react at 5266 as thats a key lvl... if my BE is 5271... it can well take it out and then react near 5266... it can trigger a lot of sl and make it spike few points more... so ideal sl would be 5256...

I exit partially just to ensure my sl is safe for the other half... I feel secured holding a position knowing that worst case, the trade is a scratch trade.

partial exits are based on MP and band.

 

[sibumajumdar]

5278 was yesterday's VAL...

VAL...plz elaborate..thanx

 

[linkon7]

pardon my ignorance but what is VPC or VPOC?

VPOC is volume point of control...!

represents where maximum volume of trades have taken place yesterday...!

 

[sumosanammain]

VPOC is volume point of control...!

represents where maximum volume of trades have taken place yesterday...!

A Novice question, but does it hold importance? Because market memory is very short term. Have you been able to find a definite pattern to VPOC? Just curious. Also, if I want to see it in Amivroker, how do I go about it?

BTW your long was very good. I shorted at 63. It was low for the day And went long above 80. out at 94. recovered my losses. Well almost

 

[linkon7]

VAL...plz elaborate..thanx

VAL is value area low...

its like if we look at all the trades of yesterday... 70% (1 std deviation) of the trades took place between 5278 and 5297..with maximum trades taking place at 5287...

 

[sumeetsj]

What does this chart say ?

1. 5180 should act as a support
2. Although tired, there are going to be rangebound moves !!
3. Stochs crossover, mostly reliable, condition is it should come above 20, then some upmove can be seen,
otherwise they are infamous for staying in oversold zones for long periods.
4. Trades can be taken according to the channel drawn, try for longs.

Went long in NF at 5274, 8 lots, and again at 5285(just above previous close price), 6 lots.
Booked 10 lots at 5298, now will be holding rest with a stop of 5280,
if it does not come then will square all but 2 lots..
For the upside, will just keep moving stops further up ahead.
Reliance is strong today so chances are less of stops hitting

 

[linkon7]

A Novice question, but does it hold importance? Because market memory is very short term. Have you been able to find a definite pattern to VPOC? Just curious. Also, if I want to see it in Amivroker, how do I go about it?

BTW your long was very good. I shorted at 63. It was low for the day And went long above 80. out at 94. recovered my losses. Well almost

Market is made up of traders making trading decision.Value area is where 70% of the trades took place at a particular area yesterday, then either we don't visit the area again and keep falling... which is a one way market or if sufficient buyers are present then 80% of the time, we cover the entire VA... means tgt of the long was 5297...

a break above the 5297 mark will good volume... is a long...

a break above the 5297 mark with fading volumes... is a short... tgt 5287

 

[linkon7]

free image hosting

so far we have what dalton calls a single time frame market..where each slab of 30 min bar makes higher high... this is when he advises to avoid shorting the market... as participants are willing to pay higher price to get in the market...

5312-5326 is a good supply zone... and if buyers over whelm this zone... then we have a scenario where all the freash shorts created in the last 3-4 days will be squeezed...!

failure to break this zone.. means profit booking from bulls.. and we go into a limbo again...!

 

[ranger123]

10:15 oclock

CE 5400 = 13.55
CE 5300 = 46.15

I has down menton positon which I take yesterday closeing time:

6 lots Sell CE 5400 = Rs. 15.75 NOW TIME = 13.55 (Protif = 13.20)
2 lots Buy CE 5300 = Rs. 51.00 NOW TIME = 46.15 (Loss = 9.70)

Total profit / loss = + 3.50 for 1 lot


Thank you

11:00 oclock

CE 5400 = 15.55
CE 5300 = 52.70

I has down menton positon which I take yesterday closeing time:

6 lots Sell CE 5400 = Rs. 15.75 NOW TIME = 15.55 (Protif = 3.40)
2 lots Buy CE 5300 = Rs. 51.00 NOW TIME = 52.70 (Profit = 1.20)

Total profit / loss = + 4.60 for 1 lot


Thank you

 

[linkon7]

Trillian is an expert at market profile...! and he is a very helpful guy...! One of the nicest guys i know...!

he can help a lot with MP...!

But like all experts, he doesnt feel the need to share his views.. we have to ask him for it...!