Day Trading Stocks & Futures

[travi]

Thanks Ravi bhai, I also found one:

Most important thing that I forgot to add you struck gold
When NF and BNF move in sync, its positive but when they aren't you need to watch out.
Yest I missed, but this is another strong support indication.
Volume divergence on both Indexes gives a clear indication of direction.

Today after opening, booked early bcos NS didn't budge that much.
This makes BN traders to book and vice versa.

 

[travi]

Ha ha ha, what a coincidence.
Just posted about NF-BNF divergence and look at the crack on BNF
No trade though :|

 

[pannet1]

Good charts travi bhai !!!



This is called volume divergence and it works with excellent strike rate in both daily and intra time frames ..it is one of the favorite setups i trade

How do you call it a divergence. All I have learnt about divergence these years is that one wiil go up (eg price) and the other will go down (oscillator). In the chart posted the price is going up and volume is also increasing.

Did you mean in a bearish low volume day suddenly when you have a bullish high volume spikes on lower TF, is it called divergence. Just lazy to google and if you tell here it helps many. That's why asked.

 

[vivektrader]

Most important thing that I forgot to add you struck gold
When NF and BNF move in sync, its positive but when they aren't you need to watch out.
Yest I missed, but this is another strong support indication.
Volume divergence on both Indexes gives a clear indication of direction.

Today after opening, booked early bcos NS didn't budge that much.
This makes BN traders to book and vice versa.

Does the colour of volume also matter?

 

[travi]

Travi bhai, what does option chain analysis tell about likely nifty direction?
Vivek

This week is just range bound should be much like the last bcos I think mkt is gearing up for UP Results and therefore nothing conclusive on Option Chain.

Many positions are hedged and neither VIX nor Option IV has bumped up,
although ideally from today recent positions tend to be exited if a major swing is expected.
Positions should have been lightened today & tomo but somehow mkt appears it'll decide everything on Thursday. Its weekly expiry as well
Tomo we'll know, a lot of whipsaws, higher volumes indicate positions being exited etc

Like a doctor, we don't predict symptoms, we predict illness based on symptoms.
Those two forms of prediction are very different

Now VIX has shot up, IV (Options) are rising above their AV.
Mkt preparing itself for tomo, all short-terms positions will be wise to exit.
That's happening today.

 

[vivektrader]

Does the colour of volume also matter?

What about this one in NIFTY yesterday, colour?

 

[travi]

Does the colour of volume also matter?

8/10 times, the dominant color will be in direction of trend.

More important than color will be rising volume.

So far only above discussed,
The contra to this is dropping volume. I will trade this setup and post if opportunity comes. This is trend exhaustion.

 

[travi]

What about this one in NIFTY yesterday, colour?

That one is also clear bcos you have the trend supported by 3-4 bars earlier.
Check the last 20m window.

Its a bit tricky, but the signs are more bullish than bearish.
Sometime what happens, just bcos of small difference in open and close, the color changes to confuse the brain but I'd still see it as bullish.

 

[travi]

Bhai log, Trailing 80-100pts ?

 

[monkeybusiness]

my position tsl is @ 585 spot...different methods and approaches

Sir was watching in 1minute. Initially it looked like ST Gap day but around 10.10 upmove was fizzling out, so decided to grab whatever market was giving.:thumb: