Priyanvada's chit chat home ...

[priyanvada]

Song of the day (Night?!)...

(sorry prasadam

only God understands the language n meaning but the song is immortal for me ...:thumb:

http://www.4shared.com/file/131391614/c2a54654/Oru_Deivam_F_.html

 

[prasadam]

@ prasadam,

Will you please tell me,

1.What does the marked column represent?
2. Can the differnce of Total buy-sell quantity during a day can be useful for predicting stock movement? :!

1).total pending orders at that price.

2). I don't think it is useful, because operators can always manipulate it by placing far out of range prices. In fact, NSE is imposing penalty on such members. so, it is highly possible.

http://www.nseindia.com/content/circulars/faac13029.pdf

(2) Of late, it is observed that the Order to Trade ratio in the F&O segment has been increasing significantly. Based on the analysis of the same, it has been observed that some trading members have been placing very large number of unproductive orders which rarely result into trades in the F&O segment which leads to increase in latency in order placement and execution for the other members. Such members are observed to have very large order to trade ratio which is significantly higher than the market average.
In order to prevent such system abuse and to ensure fair usage of the system by all the members, it has been decided to levy a charge to deter system abuse in the F&O segment with effect form 1st October, 2009 as per the slabs below

 

[prasadam]

so, finally you got the settings you are comfortable with.

:thumb:

Stoch 3,5,3 really rocked today for herohonda ...

I am feeling ...what one Really needs for day trading???... just price, volume, BB and stoch ... this should be quite sufficient ...

Just have a look at chart below ...

Today stochastic has helped me in RPL too ... I made Rs. 12 profit! :thumb:...

... I felt a stock remaining in overbought not more than 100 minutes in overbought region is very unlikely move downwoards ... So I went long here (although I entered near the end of day but still ) and made profit! ...

So I think consistent overbought position in stoch for equal or more than 30 minutes should safely make a really strong bullish trend signal ... my point can be easily understood from following picture ...

 

[prasadam]

Now, what are your trading plans / business plans.?

what are your targets? how u r going to achieve them?

Don't say I will double my capital every month:lol::lol:

of 300 will become 1 crore within 5 years, if compounded @ 20% per month.:lol:

 

[priyanvada]

@prasadam...

Thanks!

This abuse point is out of grasp of my understanding level ... still I will keep in my mind that something ill is happening in F&O ...

Anyway, this long stay in stoch pattern is looking something really really serious to think about ... There is late entry in the market but the Huge Reward at the day end makes everything worth!

Just one or two big fishes like this daily and what else I want?!

We need to formulate the rule for perfection of the long signal (or short signal inreverse case) ... here is another example ...

Ohh Mamaa... here it is giving almost 8-10% reward!!!

1. Stock stay in overbought for 30 minutes...
2. steady (not mad) price increase during this period...

 

[rajeshn2007]

Song of the day (Night?!)...

(sorry prasadam

only God understands the language n meaning but the song is immortal for me ...:thumb:

http://www.4shared.com/file/131391614/c2a54654/Oru_Deivam_F_.html

yes, you have picked up a terrific one.Oru deivam thandha poove -maniratnam movie, ar rahman music.

 

[prasadam]

http://www.traderji.com/day-trading/30182-how-trade-oscillator.html

@prasadam...

Thanks!

This abuse point is out of grasp of my understanding level ... still I will keep in my mind that something ill is happening in F&O ...

Anyway, this long stay in stoch pattern is looking something really really serious to think about ... There is late entry in the market but the Huge Reward at the day end makes everything worth!

Just one or two big fishes like this daily and what else I want?!

We need to formulate the rule for perfection of the long signal (or short signal inreverse case) ... here is another example ...

Ohh Mamaa... here it is giving almost 8-10% reward!!!

1. Stock stay in overbought for 30 minutes...
2. steady (not mad) price increase during this period...

 

[priyanvada]

another one ....

What do you think @ this prasadam?!

 

[prasadam]

Please go through the link. ST da, nicely explained how to trade in overbought / oversold zones.

BTW, stoc setting need not be those mentioned by ST da. you can have your own settings. only thing is you should be comfortable with it.

 

[priyanvada]

..... Honestly speaking you have asked me really most difficult questions of my trading life here ... Still I will face one by one with whatever courage I have ...

Now, what are your trading plans / business plans.?

... This plan thing really scares me ... Still I will tell what undercurrents are flowing right now in my mind right now ...

See i will keep on day traing with this setting until I am amulgumed ... Rs. 10,000 more capital has been available right now ... but my mind has got hugely scared off with the total sigma loss till now ... So my legs are not moving to deposite new ...
... Its true I have got the system or my system to follow ... but I will need absolutely disciplined while following my system ... i am such a lazy girl that I don't follow my disciplines .... such a weak personality ... I can discover a lot ... but when it comes to follow word by word creativity starts playing in and trying to experiment something new every now and then and the plan goes astry ...
... So in all ==>

1. Let me get disciplined in following my system!
2. Once I get confidance about my behaviour, then there is not problem ... I can even loan money (yea it is not recommended) and trade or day trade confidently ...!
... So this much I can say ... need to think more on this further ...

what are your targets? how u r going to achieve them?

... this is a question of specifics ... and I am very very poor in that ... just show me 1000000 and tell me read this I will take atleast 10 or more seconds before I speak what it is exactly ...

... my target is keep making as much as can with whatever I have! ... just for the argument earlier I have said 1 crore in 5 five years ... actually I don't know how it is going to increase day by day, month by month, year by year ... So I am speaking vague here ...

... How u r going to achieve them ?

... trading trading & trading ... more better ... more sure ... more safe ... more disciplined ... more mindful trading ... moment by moment and day by day ... What else I should mention here ? ...

Don't say I will double my capital every month

... I will double my capital every month!

of 300 will become 1 crore within 5 years, if compounded @ 20% per month

... this 300 is a just a capital I am using to get confidant about myself and my system ... Capital will be added time to time depending on my confidance on my behaviour and my system ... So 1 crore is not so tough target as I feel right now ... (but when I start counting zeros after 1 in one crore, it really starts feeling again a tough nut to crack! )