General Trading Chat

ST Sir,
This question is in context of "Virtual High" Method. We have 5 different cases here, all of them closes above previous mph body pivot high, but the wicks are in different states. Can u please answer following questions:
1. Which of these are ideal case of virtual high.
2. When we are shorting, should we consider body low or the wick should also me considered ?
3. In which condition can we go 'long' above virtual high.

 
Last edited:

wisp

Well-Known Member
Sukhani at 3:20 on TV said take profits . Price at that time was 7840-41.

I am holding the long position in NF and will hold it overnight.

ST

Note : Posted just as record .
ST Da,

For swing trading, what Timeframe chart do you use?
 
Currency strength so mkt will get support...
If rs weakens....or any short covering in usdinr.. We may see nifty below 7800
Also European markets and US Markets went down in last hour of trade - Not that it makes any dent in our nifty's attitude/swag ..
 
US mkts going down due to low oil.Reason being lot of US shale producing company's have taken huge loan from financial institutions and mkts are speculating about bank defaults and subsequent fall outs.Low oil is a positive for US just like it is pos for India.So fall maybe shortlived
 

stock72

Well-Known Member
US mkts going down due to low oil.Reason being lot of US shale producing company's have taken huge loan from financial institutions and mkts are speculating about bank defaults and subsequent fall outs.Low oil is a positive for US just like it is pos for India.So fall maybe shortlived
What's going in oil field seems it will not end as simple as that ..IMO ..
Eventually oil will reach 20$ and will stay there for long time till shale productions in US shuts down .and if that happen US will be in deep trouble ..if that not to happen US will start some gimmick like war on OPEC countries to make them to cut production ..need to wait and watch .
 

Similar threads