Day Trading Stocks & Futures

it came off fast from the clif. lol , got out with 25 points. $52.60/53 dekhne ki hasrat poori nahi hui.
yes bhai, I forgot to update the post because I was returning from office. The down crossover happened and then it started to fall vertically
 

sanju005ind

Investor, Option Writer
Near 10000 I was a buyer and added in stocks and mutual funds ( also mentioned in the forum) ....now I am booking profits in the qty added near 10000.....I still have my basic holding which I will not disturb....so if it drops again to 10000 I m happy, I can buy from the liquidity I am generating now,till then I generate returns on parking of this liquidity...if it does not and straight shoots up ( unlikely but it is market ) then I have already booked trading profits plus returns on bonds funds where money is parked , plus I will book long term capital gains.....that is the plan ..let us see how far it succeeds..

Smart_trade
Yes st da i don't have any positions now. Sitting on cash. Waiting to enter after correction. If not i know my swings will give me good return. Franklin ultra short bond super institutional fund is where i parked
 

lemondew

Well-Known Member
What trade I would have taken on crude if I have to. tr bhai, I now depend on volume candles.

Thanks to st.He had posted it long ago. I also read a varuns posts in tunas thread on multiple systems his first posts. Varun has detailed on obv. But in the first posts he has mentioned volume gives an early indication.



Ok so now how I have been going about it. On 14 -12 high volume mentioned in chart clearly beats low volume green bar indicates theres selling there.Price confirms. Trend changed to down on 14-12. In last 2 days range is 150- 14 dec/13dec . So assuming range doesnt expand today also we will move 150 points. This helps me define the range for day.

Now today in crude I wouldnt have taken any trade early since the volumes were mixed and no clear signal. The first high volume bar today was green indicating no continuation. This was later followed by a high volume red bar indicating trend continuation at 6:30.Marked in chart. Now generally when a high volume bar is followed by weak volume bars in opposite side it means a trade. Only if its a continuation. I have avoided contra trades. Hence green bar followed by weak red bars I would have avoided for today. With all this I expect 3710 to 3560 range crude today unless range expansion.

When to close the trade when green bars with volumes beat the red bars. Generally if high volume green bars do come today it is followed by red bars if it is not high volume and weak still it gives a good exit.


PS: Tested on limited scenarios and seems to do well since last 1 month.
TR bhai I love your choice of instrument. Crude/ USDinr are much better than nifty. Even if range is high the lot size is low so you can trade less lots. do position sizing. . USD/ INR works better than nifty for me. USD/INR has options for hedging overnight.Is available 8 hours for trading.




51 seems more likely.

ST
 

Riskyman

Well-Known Member
Trump Slams Fed on Eve of Rate Meeting Amid `Very Strong' Dollar

(Bloomberg) -- President Donald Trump slammed the Federal Reserve on the eve of a pivotal policy meeting for “even considering” another interest-rate increase, laying out arguments against a hike to savor the achievement of a strong U.S. economy.

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike,” Trump said in a tweet on Monday. “Take the Victory!”

December 17, 2018

The Federal Open Market Committee begins a two-day meeting in Washington on Tuesday and trading in interest rate futures indicate a greater than 70 percent chance of the panel’s fourth hike this year. Analysts said that his latest attack make it extremely hard for Chairman Jerome Powell to pause this week, even if he wanted to.

“Trump makes very good points, to be honest. But if they skip a hike are they caving to Trump?” said Neil Dutta, an economist at Renaissance Macro Research in New York. “If they hike and change nothing else, the stock market will tank as growth expectations decline and Trump vindicated. If they skip, and say they are responding to data, stocks probably catch a bid.”

Trump’s tweets about monetary policy have intensified as U.S. stocks tumble amid signs the world’s largest economy may be moderating. Fresh evidence of that came out just minutes after his latest salvo. The New York Fed’s Empire State manufacturing index tumbled this month to a 19-month low.

For months, Trump has accused the central bank of undermining the economy’s growth by hiking interest rates. U.S. presidents have typically refrained from encroaching on the independence of the Fed.

“The criticism by the administration of the Fed is not going to stop, and it’s likely to intensify,’’ said Joshua Feinman, global chief economist at DWS in New York and a former Fed staff economist. “The president stakes so much of his claim to achievement on the stock market and economic performance. He’s worried about whether that will falter, so he’s setting up the Fed to take the blame.’’

After the Fed’s Dec. 18-19 meeting, expectations of further hikes shrink, with investors betting on only one move next year. The consensus among economists is for two 2019 hikes. That is partly due to Fed officials signaling in recent speeches that their tightening campaign has succeeded in raising borrowing costs near to territory that they consider neutral in terms of speeding up or slowing the economy.

Fed officials will update quarterly forecasts for the economy and the project path of interest rates at this week’s meeting. In September they penciled in three moves in 2019.

Fed officials have also noted they are paying attention to risks such as slowing growth in Europe and in interest-sensitive sectors of the U.S. economy. Financial conditions have also tightened, partly because of stock-market losses on the White House’s harsh trade rhetoric and fears that uncertainty over Trump’s policies could hit business investment.

Data released in recent weeks show economic growth is moderating in the fourth quarter -- following the strongest back-to-back periods since 2015 -- while remaining faster than the average pace during an expansion poised to become the longest in U.S. history.

While job and wage gains missed forecasts for November, they were still consistent with solid growth, and strong retail sales suggested Americans are opening their wallets for the holiday season. At the same time, many measures of consumer and business sentiment have declined in recent weeks, particularly gauges of the economic outlook, and factory production was weaker than expected last month.

“We gave the Fed a job. We delegated to them responsibility for two things: managing the long-run inflation and keeping output close to potential. And also being the actor of last resort when we got a financial crisis,” Paul Romer, the former World Bank chief economist who won the 2018 Nobel prize in economics, told Bloomberg Television on Monday.

“And once you give them a job, the thing to do is to let them do their job,” he said. “They’ve got the best data, they are the ones looking past the next election cycle too. And we want someone to being doing that.”
 

Riskyman

Well-Known Member
The thing is my google search begins with markets related forums and ends at TJ.
I am yet to figure out from where google is getting it's Adsense.
hehehehe. what a dilemma:p

On a serious note... This is what I think.. Im not a tech guy but will speak only from experience..

You dont necessarily have to search on google for adsense to know. Google picks up stuff from your browsing history etc as well.
So even if you didnt search on google but went directly to a website, good chances it will be picked up by google.
 

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