Nifty : Real time discussions...!

[rrmhatre72]

Too good statement linkon.... Got registered in my mind....

I keep reminding myself, some days i gain money, some days i gain experience.

 

[casonite]

here's what i see..

divergence with low volume (hidden divergence with price refusing to go down)
current price sitting on 20EMA on 10 min chart
seems double bottom formation on 10/15min chart
inverse head and shoulder pattern being formed on 5 min chart

above all are bullish sign and tell me to long once price crosses 5535....does this logic look like decent reason to go long?

 

[Smart_trade]

those were some formations that i was comfortable trading but as you say...market shows you new things each day..i don't know how to trade run away markets like these...so there is big gap in my knowledge which is making me fearful of taking any decisions

Run away markets ....trade on small pivots and keep your stops.....if the trade works it will be a high RR trade....if it does not work, you eliminated one loosing trade from your total quota of loosing trades....one less looser to handle in future....happy situation either way.....

Stops are very powerful shield a trader has which guarantees that nothing drastically wrong can happen to him.....always use stops.....

Smart_trade

 

[anuragmunjal]

Runaway markets...though I do not scalp the markets fr a few points anymore..but if one has already identified that a mkt is 'runaway',we can be certain of one thing, the reactions in runaway mkts are not deep, therefore buying on dips can be a good strategy.now if u are able to catch 3-4 dips and the 5th time the mkt does take a deep reaction,the option to get out is always there..moreover such an event wd also make one cautious that the run is probably nearing its end and the mkt. may now change its nature frm 'runaway' to 'rangebound'..
a good strategy here could be to buy if the mkt recovers by x points frm its low in a reaction with a sl of the low + a filter..

regards

 

[trader.trends]

Premium has shrunk

 

[linkon7]

here's what i see..

divergence with low volume (hidden divergence with price refusing to go down)
current price sitting on 20EMA on 10 min chart
seems double bottom formation on 10/15min chart
inverse head and shoulder pattern being formed on 5 min chart

above all are bullish sign and tell me to long once price crosses 5535....does this logic look like decent reason to go long?

market sustains imbalance only when bigger time frame players see value in their purchase. A big player wont buy at 5535 for a target of 5600 as he knows historically that's where supply had always come... he wont be able to liquidate his positions and the risk reward ratio is not in his favour. Value hunters are all waiting for a decent pull back for entering long. Keep in mind, these people normally dont have to exit the market by 3.30 and there is no compulsion for them to chase price also.

Imbalance will lead to balance. Thats where buyers shift their bids higher. Most likely area will be 38-50% retracement. That zone offers more risk reward that BO of the high of the day. Plenty of weak longs are in profit and they are looking for this BO for their exit. Some positional players also are looking to take some profit from the table and die hard bears will be looking for shorts above the 5550 mark with sl near 5600 for their entry.

Patience is the key...

 

[linkon7]

png upload

we can see supply coming at 5535 mark. The one time frame movement has halted. Now those who have missed the rally are the one trying to buy all dips...!

 

[linkon7]

Premium has shrunk

yaar..! my straddle is still trading at 240...! kaha shrink huwa hai...! Put not falling and call is rising...! this kind of market gives me acidity... from indigestion of whats happening...

Nf mein roller chalu hai... people exiting longs on june buying july series...!

 

[trader.trends]

yaar..! my straddle is still trading at 240...! kaha shrink huwa hai...! Put not falling and call is rising...! this kind of market gives me acidity... from indigestion of whats happening...

Nf mein roller chalu hai... people exiting longs on june buying july series...!

I meant premium on NF

 

[linkon7]

Notice a pattern that comes very frequently...!

Durring the run away phase of the market... most traders dont get a decent pull back and start shorting the market as they think RR is better. They get jacked....!

Then when the running stops... they get entry on the long side as pull backs start happening....! This time they expect momentum continuation and again get jacked....!

Somewhere down the line, they blame the system that gave them the entry and start tweaking them with the hope of never to fall for the same trap again. The point is, market is all about traders making trading decisions. We simply refuse to believe that trading has very little to do with the charts. We remain primary food for the big sharks....!