Before the trade begins

pandumuchu · #1 6th July 2008, 12:31 PM

what is the information we should look out for before the trade on a particular day. How the international markets are doing, Crude oil, Brokerage house reports and many more. Lets share our experiences.

columbus · #2 6th July 2008, 12:44 PM

Quote:

Originally Posted by pandumuchu

what is the information we should look out for before the trade on a particular day. How the international markets are doing, Crude oil, Brokerage house reports and many more. Lets share our experiences.

In the morning session

1.Asian Markets
2.American Markets
3.Crude oil price
4.Nifty Futures on SGX(Singapore Exhange)

In the mid session
1.European Markets

Of course ,apart from Market sentiments.

sunil kalani · #3 6th July 2008, 12:52 PM

Quote:

Originally Posted by pandumuchu

what is the information we should look out for before the trade on a particular day. How the international markets are doing, Crude oil, Brokerage house reports and many more. Lets share our experiences.

from my all 3.5 year experiernce once the market settled and their is no movement at all in the market think of starting trade to buy sell anything. this time sometimes come after 1 hour 2 hour 3 hour 4 hour anytime dont trade just take care of happening of the market till then then think of trade 95% your trade will pay you in equities at least as in commodity it is highly volatile market even after 6.30 till 11.30 may be possible you will not get any moment like that.

aad · #4 6th July 2008, 01:04 PM

Quote:

Originally Posted by sunil kalani

from my all 3.5 year experiernce once the market settled and their is no movement at all in the market think of starting trade to buy sell anything. this time sometimes come after 1 hour 2 hour 3 hour 4 hour anytime dont trade just take care of happening of the market till then then think of trade 95% your trade will pay you in equities at least as in commodity it is highly volatile market even after 6.30 till 11.30 may be possible you will not get any moment like that.

Feeling like I am reading 'Breathless' of Shankar Mahadevan....

Can you please repost including punctuation marks ? It is very difficult to understand what you are trying to say.

Abhay

AW10 · #5 7th July 2008, 07:11 AM

My order of study will be
1) Support and Resistence level of NIFTY /Sensex - short term (next 5 days) and intraday. I will also pay attention to the Daily Pivot level
2) Quick look at gain/loss in S&P500/ DOW/ FTSE/ NIKKIE
3) Based on yesterday's action, what is the expectation about the price movement today
4) Based on post market analysis of open positions, what is the plan for today
5) What are the new trades planned for today, based on EOD analysis, technical analysis etc

IMO, there is vast amount of data available to traders specially if you goto intermarket analysis (currency, commodity etc). so one has to take precaution and maintain the focus. Whatever may be the trigger point, NIFTY / SENSEX price levels are the topmost thing that will perform during the day. and that is what I will be buying and selling. Hence without any question, they are on the top of my list. I don't want to figure out 10day SMA level or R2 / S2 level when I am focusing on intraday movement.

Hope this helps.
Happy Trading

sudoku1 · #6 7th July 2008, 03:40 PM

the very first thing......
keep ur plans ready in advance....

biyasc · #7 7th July 2008, 03:45 PM

Quote:

Originally Posted by pandumuchu

what is the information we should look out for before the trade on a particular day. How the international markets are doing, Crude oil, Brokerage house reports and many more. Lets share our experiences.

for me, i will concentrate only on my charts & will place my buy/sell orders depending on the chart patterns.