General Trading Chat

[cinderblock]

Source:Email from a friend

Looking at the data - Most 10% rallies (in 5 days) are countertrend rallies in a bear market (2008) or the very beginnings of a bull market (After Mar-09) after a vicious bear phase

It'd be helpful if the data looks further back upto 1995.

 

[timepass]

Looks like a difficult day to trade, so far

 

[arsh22g]

Intraday I entered short on the second bar of the trendline break, with SL above this bar, now above 61.8% retracement of the initial move.

No idea about swing, maybe hourly they use, that's why asking. A system that I am testing for swing hasn't generated a short yet though.

Update : Sell alert generated by the swing system.

 

[traderniftybank]

Looks like a difficult day to trade, so far

my problem is of wide discount between future and spot price.
I do not have rt charting for spot prices and during such days, only spot charting is reliable. moreover discount is very fluctuating.

 

[vikas2131]

Looks like a difficult day to trade, so far

yup wont be good for intraday trade...should be looking for some down side now...

 

[vikas2131]

Update : Sell alert generated by the swing system.

what kind of system are you using for swing trading ???

 

[cinderblock]

my problem is of wide discount between future and spot price.
I do not have rt charting for spot prices and during such days, only spot charting is reliable. moreover discount is very fluctuating.

The future discount will stay well into this series until we are past the ex-dividend dates of most of the NF companies whenever they announce the dividends

 

[traderniftybank]

looking for BNF 15200/250 and NF 7460/75
If holds 15000 and 7400

 

[Blackhole]

what is hedge covering

hedges are mostly insurance on main trading position in case things go wrong...

mostof the time big boys go for multi leg positions and start entering spreads as a hedge with some calculated ratios....when opp seems to happen they knew that they wont be able to get out....start covering their positions even their spreads and at the same time start taking different positions....normally they go for nexxt month but budget mostly happens during the start hence hence same month.


this time they already played budget before budget see all psu bank charts. They knew from start that psu banks will get a fund easy n cheap money from govt.They played it.


with big boys sometimes it becomes easy to predict... budgets,diwali xmas...hence they do opposite...they get what they want as we follow them.


If any part of system falters we people save it with our money ...we get nothing in return....

arey bhai woh log sirf 6500 ka pe ya 8000 ka ce leke kaam thode hi kar sakta hai....



this is what i think but must tell u, i know nothing. .

 

[vas2009]

Update : Sell alert generated by the swing system.

IMHO most aggressive swing systems may generate short if NF goes below 7390-7380 and stays below it for the rest of the session.ST sir can elaborate more on that whenever the time comes