Trading with Volume Spread Analysis (VSA)

[rajputz]

Still bullish at current scenerio

 

[bunny]

Are you building long term position, like scalling in on every dip, in that case what would be the all out levels?

or was this for intraday, if intraday do you just use stops or also reverse with the stops

Nope, I am not trading NF as I already have positions in something else. I am thinking of a stop loss mechanism, but the problem is since I am not an intrday trader, the stops tend to be be deep.

 

[trader.trends]

Still bullish at current scenerio

Where is your turning point? Beak of 4825?

 

[superman]

this is really pissing me off .. whenever i see my portfolio at morning i will have green positions in my long and after a hour or so again its back to deep red ..
Its more like a roller coaster now ...
Its slowly dying ... BTW someone here in this thread told that if market enters into 9-10K then recession like situations may happen ... Is it true ..?
If i am right the recession lead to the collapse of share market a year ago .. not the other way round ..
the market looks very good for day traders .. but surely a nightmare for long as of now

 

[nimish_rulz]

I would use today's low as my stop loss as I believe if its still a bull market and the low of Feb should be higher than that of Jan and it would be ideal to use today's low or 4820 or 4800 as the stop loss.

 

[rajputz]

I would use today's low as my stop loss as I believe if its still a bull market and the low of Feb should be higher than that of Jan and it would be ideal to use today's low or 4820 or 4800 as the stop loss.

Tomorrow can be a gap down market with opening below the levels of 4800...then what wll you do...its an assumption....with this much fall it happens all the the time...market opens negative...

 

[bunny]

4766 on spot closing basis would be a good SL.

 

[rajputz]

Yesterdays volume of nifty was around .76 billion....untill now todays volume is .34 billion....does it say that test is there today or just a shake out to remove weak holders and do accumulation....

 

[nimish_rulz]

Tomorrow can be a gap down market with opening below the levels of 4800...then what wll you do...its an assumption....with this much fall it happens all the the time...market opens negative...

Have u seen the other markets there is no selling. Japan green. UK green now and so is rest of Europe, our market has opened gap down on previous 2 occasions only to close green. Btw I don't trade till 935 as the direction is set only after that time period before that its all the SGX nifty effect.

 

[rajputz]

i hope you prove to be right...i am also looking to the long side...but todays fall of 100 points is shaking me.... ....dont knw what will happen tomorrow....it doesnt even looks like test.... low volume with wide spread closing on down shows real weakness ahead...