Random thoughts on technical analysis

[orderflow13]

i wil try to answer folks, m out of my desk ..so figuring out how to write and post... haha
some one better start a new thread ' cell phones and trading".. got2u soon ..alex

 

[orderflow13]

alex,
is tht the parabolic sar u r using..if yes how u r interpreting it...is it useful in practical trading

my other trader frnds use it with good success,so i m experimenting myself, m using for s/l and reversing position.
p.s. i posted on sar,few pages back,if this is insufficient i will add more later regards ...alex

 

[orderflow13]

alex sir
want to know one thing as u told watch open interest for options but one thing is confusing where to see rise in OI in call or put at CMP I work in options n watch mostly that if call is not breaking n put rising buy call n vice versa.off course i watch levels of nifty too as suggested by seniors in other thread but i know technically it is wrong can u tell me wat is the best way to enter.I tried ghosh sirs system too on paper work but that 30% stop loss is huge if a sudden change appear but still it is success in last 24 trade i did with that got succeess in 17 times.thnx in advance

hi praveen congrats for making progress in options,
i didnt get ur qs,point me if m understanding correctly ,
if u want to see open interest there is column on o.i. on ur trading terminal,go through this,or ask the broker( i use odin,& neat n its in column profile settings)and if u want to compare current o.i. with historic o.i. kotaksecurities.com is helpful( though m not sure its allows user for free access that section,if not search4google)
& about dilemma of s/l i rely on indicators of technical analysis,boilinger band,vix r helpful,( adx is most helpful 4me).
s/l is very personal thing,it varies from person to person with his risk profile.

 

[praveen taneja]

hi praveen congrats for making progress in options,
i didnt get ur qs,point me if m understanding correctly ,
if u want to see open interest there is column on o.i. on ur trading terminal,go through this,or ask the broker( i use odin,& neat n its in column profile settings)and if u want to compare current o.i. with historic o.i. kotaksecurities.com is helpful( though m not sure its allows user for free access that section,if not search4google)
& about dilemma of s/l i rely on indicators of technical analysis,boilinger band,vix r helpful,( adx is most helpful 4me).
s/l is very personal thing,it varies from person to person with his risk profile.

thnx sir for ur reply i want to know should i note down OI after every hour or so to note that it is moving up or dn n one confusion more wat if some one is selling call or put then too OI will increase n can give wrong direction.I too use odin from religare of FT but in that in the F5 window it only show OI is at .......... change in % is always blank that i want to know from where i can check thnx again sir

 

[orderflow13]

thnx sir for ur reply i want to know should i note down OI after every hour or so to note that it is moving up or dn n one confusion more wat if some one is selling call or put then too OI will increase n can give wrong direction.I too use odin from religare of FT but in that in the F5 window it only show OI is at .......... change in % is always blank that i want to know from where i can check thnx again sir

hi praveen,
yes u have to note it down, see my nifty posts,
http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional-post217076.html#post217076

i copy pest o.i. p/c ratio, most active calls, puts..this is the only way to check microscopic details.
Options o.i will change by buying or selling, but if call o.i increasing and market is falling that means, big money selling calls, or selling nifty by buying calls,this way or that rising o.i in call with falling market is negative,
in last two three days o.i in call rose more than put, so
o.i. put/call ratio = o.i. of put / o.i. in call value is less than 1 , bears r active.

 

[orderflow13]

 

[orderflow13]

 

[orderflow13]

sbi is bearish but + ve crossover might stay away shorts. In columbus's now famous SIR ( sbi,infy,ril)sbi is the only trump card for bulls.
update on chess position- bulls playing with a knight & bishop down,only thing to watch out for is whether its a sacrifice to win the positional advantage?

 

[Czar]

arre yaar atleast you don't write like Renu

do you mean SBI is more bearish than RIL & INFY ?

 

[senty]

Alex, can you pls post your views on RCOM?? it seems to stand on its support of 380.. not moving much... any views?