Looks very interesting post,Can someone explain me how can we cash in..I will give an example please tell me whether its right or wrong...
Suppose todays Market high is 6020 at say 12:30 PM, then at 2.45 market comes at 5960 and the VWAP is 5990 then longs start building up and market ends near 5990?.. is this correct or wrong?
Looks very interesting post,Can someone explain me how can we cash in..I will give an example please tell me whether its right or wrong...
Suppose todays Market high is 6020 at say 12:30 PM, then at 2.45 market comes at 5960 and the VWAP is 5990 then longs start building up and market ends near 5990?.. is this correct or wrong?
It is a request from us-traders to you to post one or two gems from Al Brooks Price Action Methods this weekend, whichever you might be using in trade.
Exciting scalping day...Applied your theory.. NF future was at 5975 at 3 PM then VWAP was 6005, as though you told 40 to 45 gap but it was 30 points gap, bought at 5975 then sold at 5989 ..He he ..Nice technic
Exciting scalping day...Applied your theory.. NF future was at 5975 at 3 PM then VWAP was 6005, as though you told 40 to 45 gap but it was 30 points gap, bought at 5975 then sold at 5989 ..He he ..Nice technic
Exciting scalping day...Applied your theory.. NF future was at 5975 at 3 PM then VWAP was 6005, as though you told 40 to 45 gap but it was 30 points gap, bought at 5975 then sold at 5989 ..He he ..Nice technic
you are lucky anup as you exited early, bcoz when LTP is less than VWAP by 35-40 points,you should have to short the NF.
please read and understand the technic carefully before applying.
SQUEEZE THE LAST DROP OF THE JUICE ........GO FOR THE KILL
This is one trading technique which I use very regularly and I wanted to share the same with all. At 2:40 -45 I was long in Nifty Futures and the market was looking strong. I had to take a decision whether to book some profits there or wait till the end.
We play on simple technique that find out which is a side which is trapped and how much are they under water. At 2:45 the weighted average of Nifty future was showing 5035-40 whereas NF was quoting at 5085....a clear gap of 40-45 points. This means that the market is heavy at the bottom or lots of trades have happened below 5035 ......and the longs are comfortable but shorts are now feeling the heat. They will come for covering their short positions......also at 3:10 the brokerages will square off all loosing positions which are not covered by margins. So here instead of booking profits add on every dip ......the bears are dieing to cover their short positions.
After 3:10-3:15 there is panic in bear camp.......the die-hard bears come to cover after 3:20 and it is adding fuel to the fire. We just have to watch market going up like a rocket.....last 20 min give us a very quick move up.......and we get best price when the bears say " damn.....cover at any price...." and that is where we liquidate our long position built up anticipating this to happen.........it is a fun to trade this move.......
you are lucky anup as you exited early, bcoz when LTP is less than VWAP by 35-40 points,you should have to short the NF.
please read and understand the technic carefully before applying.