Thoughts on Day/Swing Trading

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munde_77

munde_77

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#224
#224
Smart_trade said:


What makes the markets to go up

Markets go up and down and have we ever thought of what makes the market go up ?? Todays market was a very strongly uptrending market. Do we get any clue about such strong markets in real time ?

Markets go uo on money inflow and it goes down when the money is sucked out from it ...so the strong buying pushes the market up. No amount of intelligent analysis, brokers tips, financial news channels wish talk, greed and fear of the market participants will take the market up. It is only strong buying which will take it up.

When the strong hands buy or sell, they may try to hide their real intentions but they cannot erase the trail. They walk with heavy boots and leave behind impressions in the sand which they cannot hide/erase.....I am talking about the volumes...the volumes reveal the market's hand.

I have posted today's 5 min Nifty Futures chart. I have marked uptrend and corrections by red vertical lines.When the market opened, observe first few bars....the volumes are 2-3 times the normal volumes of earlier day. This indicated right in the beginning that we are going to have some fireworks today. Today's market had all tell-a-tale signs of a strong trend day.

See the correction marked by red vertical lines.... observe the angle of these corrections, a shallow correction with volumes dwindling down to 1/3 of the trending period volumes....and when the correction gets over and on breakout volumes surge again this indicated that this upmove is going to sustain,it is durable...we had two such corrections today and many small 1-2 bars dips....

All the action necessary today was buy, add on every breakout and trail the stops to the black supports shown and let the market do the work. Last 30 min rally , even the bears came to help the market to go up by last minute short coverings.

We are traders...neither permanant bulls nor parmanent bears...we just join the more powerful side and relax....and today more powerful side was unarguably bulls.......

Smart_trade
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Wah.........Kya bath Hai St Sirji. Meri tharapse ONE BILLION THANKS Keep on posting such ideas. Dil Mangey More
 
munde_77

munde_77

Banned
#225
#225
krish4166 said:
Ist Let me also pray to meet ST in person.
THEN To trade live with his advice ,support and experience.
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I am also wishing the same. St Sirji se Milney ki thamana Hai. Unkey cheley Banney ki Thamana Hai. Chalo krish hum do no milkey St Sir ke yeha settle ho jathey hai
 
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balasoft80

Active Member
#230
#230
Hello ST,
I have a small request.

So far we have been using 5 min chart to take the trading decisions. Could you please clarify how to use 30 mins,daily and weekly charts to take trading decisions along with 5 minute charts? It will be so helpful for the learners like me.

Please post few charts and explain when your time permits.

Thanks much for your valuable time

Bala
 
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