Stocks To Keep A Close Eye On

[fabrics]

aane wala koi toofan hai ( jaise toofan ke pehle sanaata hota hai )

 

[rajputz]

Infosys generated at 3091, then retraced to 3080 and then straight to 3108....more tomorrow.

 

[Lalit.Sikaria]

NF long at 6000 sqr off at 6035.... profit after a month of continuous losses... feels so goood...

NF long @ 5998 squared off @ 6020

 

[saivenkat]

Dull day today for me ...
Reasons:

1) Its raining all along here non stop since night...so gloomy weather
2) Market making no moves... as PGDIMES bro said.. nifty was stalled at 6000 levels
3) SG bro is not here..
4) This thread has lost the fire power today that it had for the few days.

5) Added to this.. it took a long time for refreshing the site..

6) My 40 shares of SBIN bought at 3121 tanked to 3096..

7) Even the above six points i can somehow manage.. but with GOOFY bro.. saying...

Mr SG,
My connection is going down.. what to do now with 20 HH..Please Instruct me now!

I can not imagine that a day has gone by.

 

[sagarkapoor]

VIJ bought @ 105.50 and covered @ 105.80

 

[trader_man]

Tried doing Price Action trading with very small amounts to test but had no success.

The problem is that when the Bid Ask spread narrows to 5 paise, the price does increase by a few rupees but then it comes down again so you never know how far it will go. We can tell that price will jump but the quantum is not known unless you are looking to scalp a few rupees. Even that is difficult since price jumps and then comes back quickly.

Second problem is that for many stocks, the Bid Ask spread is already 5 paise so how do you tell?

Third problem is the Index so if the spread has narrowed but suddenly the Index starts going down, then that has a negative effect on the stock.

To me, there are a sequence of events that need to happen in addition to the narrowing of Bid Ask spread to 30-5 paise to effectively trade Price Action. Perhaps, when the spread has narrowed, it should stay there for a few minutes. And/or the buy quantity should be significantly larger than sell quantity. And/Or the stock should test a certain price but never break it....or it should pivot around a certain price....so many things.... I tried everything...nothing worked....and very exhausting.....

What those sequence of events are is anybody's guess or if Mr SG would be so kind to elaborate on this....

 

[Prashant Patel]

Short 1 Lot Dabur @ 100
Long 1 Lot Sail @ 184

Chairman Saheb ne gaaloo khave padsey.

 

[rrmhatre72]

Tried doing Price Action trading with very small amounts to test but had no success.

The problem is that when the Bid Ask spread narrows to 5 paise, the price does increase by a few rupees but then it comes down again so you never know how far it will go. We can tell that price will jump but the quantum is not known unless you are looking to scalp a few rupees. Even that is difficult since price jumps and then comes back quickly.

Second problem is that for many stocks, the Bid Ask spread is already 5 paise so how do you tell?

Third problem is the Index so if the spread has narrowed but suddenly the Index starts going down, then that has a negative effect on the stock.

To me, there are a sequence of events with regards to Bid Ask that need to happen in addition to the narrowing of Bid Ask spread to 30-5 paise to effectively trade Price Action. Perhaps, when the spread has narrowed, it should stay there for a few minutes. And/or the buy quantity should be significantly larger than sell quantity. And/Or the stock should test a certain price but never break it....or it should pivot around a certain price....so many things.... I tried everything...nothing worked....and very exhausting.....

What those sequence of events are is anybody's guess or if Mr SG would be so kind to elaborate on this....

I agree with you.....
It will be better if SG can explain one more time....

 

[alroyraj]

Tried doing Price Action trading with very small amounts to test but had no success.

The problem is that when the Bid Ask spread narrows to 5 paise, the price does increase by a few rupees but then it comes down again so you never know how far it will go. We can tell that price will jump but the quantum is not known unless you are looking to scalp a few rupees. Even that is difficult since price jumps and then comes back quickly.

Second problem is that for many stocks, the Bid Ask spread is already 5 paise so how do you tell?

Third problem is the Index so if the spread has narrowed but suddenly the Index starts going down, then that has a negative effect on the stock.

To me, there are a sequence of events with regards to Bid Ask that need to happen in addition to the narrowing of Bid Ask spread to 30-5 paise to effectively trade Price Action. Perhaps, when the spread has narrowed, it should stay there for a few minutes. And/or the buy quantity should be significantly larger than sell quantity. And/Or the stock should test a certain price but never break it....or it should pivot around a certain price....so many things.... I tried everything...nothing worked....and very exhausting.....

What those sequence of events are is anybody's guess or if Mr SG would be so kind to elaborate on this....

Repost of mine in the morning:
My observations on price action (SG's type-pure tape no charts) is this.I think the narrowing of the ask -bid spread depends on the speed of the price action. When the price movement slows typically there is a reversal.This is typically accompanied by a wide spread but not always. If the speed is fast and in an uptrend and the spread narrows then time to buy at market for the expected up move.

Additionally:
SG uses this for scalping for a few points. He stresses on nimbleness for this to work for us. It is quite challenging.
Another point is that SG watches 4-5 shares no more than this.
The more liquid the stock less is the spread. If the spread already is often 5 paise then we obviously have to play for a larger move.
I think it depends when the narrowing of the spread happens,in an uptrend it occurs very fast,so depends on the terminal you have whether the order gets executed as soon as you shoot it while it appears in the order book.
A lot can be inferred by the candlesticks. If the candlesticks line up and the price movement slows then spread narrow indicated weakness. The charts are say in a position where the price is unable to retrace.

All said it takes a lot to fire an order based on this ,since one needs to be equally quick in exit.

 

[gourav_s]

Tried doing Price Action trading with very small amounts to test but had no success.

The problem is that when the Bid Ask spread narrows to 5 paise, the price does increase by a few rupees but then it comes down again so you never know how far it will go. We can tell that price will jump but the quantum is not known unless you are looking to scalp a few rupees. Even that is difficult since price jumps and then comes back quickly.

Second problem is that for many stocks, the Bid Ask spread is already 5 paise so how do you tell?

Third problem is the Index so if the spread has narrowed but suddenly the Index starts going down, then that has a negative effect on the stock.

To me, there are a sequence of events that need to happen in addition to the narrowing of Bid Ask spread to 30-5 paise to effectively trade Price Action. Perhaps, when the spread has narrowed, it should stay there for a few minutes. And/or the buy quantity should be significantly larger than sell quantity. And/Or the stock should test a certain price but never break it....or it should pivot around a certain price....so many things.... I tried everything...nothing worked....and very exhausting.....

What those sequence of events are is anybody's guess or if Mr SG would be so kind to elaborate on this....

yes sir i had similar problem... :annoyed: