General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Dow 700+ pt down, below 24000.
If the Nifty goes below 10000, then 10000 PE writers can start panicking. Only 4 Days to expiry, bears need a Dinesh Kartik like innings. 4 balls..
We need strong momentum to break 9950-10000 strong support.
Below 23800 Bank nifty can see real trouble.
MON day could also be FUN day after FRY day.
*******
I already said WED DAY Nifty retraced from 38.2% retracement, not even 50 or 61.8. That was the first sign of strong bears, then Trump helps...But tech chart mostly gives the first sign, but most traders fails to read..
Fortunately, I did not square off my intraday long 24000PE averaged around 128 for few lakhs. But ab khusi se nind ur gaya..
********
But for day trading opening gap is important. 9980-10040 band still good support due to HTF support & 10000 PE writers. Option writers will start panicking only below 9970. So be careful shorting if gap down around that support band, short at the clear breakdown or sell on high.
Finaly, kissi ko to 'Achhe Din' to aah hi Gaya...BEARS..
PE lene walle ko achhe din..Tomorrow vix will increase to add more premiums on PE.
If the Nifty goes below 10000, then 10000 PE writers can start panicking. Only 4 Days to expiry, bears need a Dinesh Kartik like innings. 4 balls..
We need strong momentum to break 9950-10000 strong support.
Below 23800 Bank nifty can see real trouble.
MON day could also be FUN day after FRY day.*******
I already said WED DAY Nifty retraced from 38.2% retracement, not even 50 or 61.8. That was the first sign of strong bears, then Trump helps...But tech chart mostly gives the first sign, but most traders fails to read..
Fortunately, I did not square off my intraday long 24000PE averaged around 128 for few lakhs. But ab khusi se nind ur gaya..
********
But for day trading opening gap is important. 9980-10040 band still good support due to HTF support & 10000 PE writers. Option writers will start panicking only below 9970. So be careful shorting if gap down around that support band, short at the clear breakdown or sell on high.
Finaly, kissi ko to 'Achhe Din' to aah hi Gaya...BEARS..
PE lene walle ko achhe din..Tomorrow vix will increase to add more premiums on PE.
Just before signed the presidential memorandum that could impose tariffs on up to $60 billion of imports from China, US President Trump said....
China tariff action ‘first of many’ against unfair trade.
The U.S. trade deficit with China was $375 billion in 2017. The trade deficit exists because U.S. exports to China were only $130 billion while imports from China were $506 billion.
************
U.S. companies that can't compete with cheap Chinese goods must either lower their costs or go out of business. Many businesses reduce their costs by outsourcing jobs to China or India, which adds to U.S. unemployment. Other industries have just dried up. U.S. manufacturing, as measured by the number of jobs, declined 34 percent between 1998 and 2010. As these industries declined, so has U.S. competitiveness in the global marketplace. President Donald Trump promised to lower the trade deficit with China.
***************
Just closely watch the Trump signature. Is not it similar to a RESISTOR (to an Electrical Circuit)? India's main enemy China's resistor.
China tariff action ‘first of many’ against unfair trade.
The U.S. trade deficit with China was $375 billion in 2017. The trade deficit exists because U.S. exports to China were only $130 billion while imports from China were $506 billion.
************
U.S. companies that can't compete with cheap Chinese goods must either lower their costs or go out of business. Many businesses reduce their costs by outsourcing jobs to China or India, which adds to U.S. unemployment. Other industries have just dried up. U.S. manufacturing, as measured by the number of jobs, declined 34 percent between 1998 and 2010. As these industries declined, so has U.S. competitiveness in the global marketplace. President Donald Trump promised to lower the trade deficit with China.
***************
Just closely watch the Trump signature. Is not it similar to a RESISTOR (to an Electrical Circuit)?
India's main enemy China's resistor.
Last edited:
WASHINGTON (Reuters) - U.S. President Donald Trump lit a slow-burning fuse on Thursday to launch long-promised anti-China tariffs, but his actions appeared to be more of a warning shot than the start of a full-blown trade war with Beijing.
China has threatened to target U.S. exports of agricultural commodities, in particular, the $14 billion in exports of soybeans.
The biggest risk to world trade over the longer term may not be a tit-for-tat trade war, but the breakdown of global supply chains that feed companies such as U.S. auto giant General Motors Co and Apple Inc.
So it's going to be a longer bear time than most people think....after a long time....bull-bear fight would no be so pathetic one-sided. More intraday volatility, gap up dn, is good for traders.
China has threatened to target U.S. exports of agricultural commodities, in particular, the $14 billion in exports of soybeans.
The biggest risk to world trade over the longer term may not be a tit-for-tat trade war, but the breakdown of global supply chains that feed companies such as U.S. auto giant General Motors Co and Apple Inc.
So it's going to be a longer bear time than most people think....after a long time....bull-bear fight would no be so pathetic one-sided.
More intraday volatility, gap up dn, is good for traders.
Great post da !!! with respective to understanding of working style of VWAP .it is (VWAP)more of an analysis tool than a trade signal tool. It provides a basic guide for whether there’s an upward or downward bias in price, but the actual VWAP line isn’t likely to provide consistently good trade signals. This is mainly because during strong trending moves the price is unlikely to touch (or even come close to) the VWAP.
Later in the trading day, the “lag” in VWAP becomes significant. This is because so much data is already being computed into the calculation that new data points have very little effect. Therefore, VWAP is of more value at the start of day to retail traders because it is more responsive to price moves. On the flip side, at the end of the day the VWAP will flatten out and be of little use to the retail trader. The end of day VWAP values are more important to the large players though, since the end of the day VWAP value gives a benchmark that the institution can compare their transactions to.
use of TWAP along with VWAP adds great value to intraday trading,It is mostly used for large players to execute large orders without disturbing the market volatility.
Later in the trading day, the “lag” in VWAP becomes significant. This is because so much data is already being computed into the calculation that new data points have very little effect. Therefore, VWAP is of more value at the start of day to retail traders because it is more responsive to price moves. On the flip side, at the end of the day the VWAP will flatten out and be of little use to the retail trader. The end of day VWAP values are more important to the large players though, since the end of the day VWAP value gives a benchmark that the institution can compare their transactions to.
use of TWAP along with VWAP adds great value to intraday trading,It is mostly used for large players to execute large orders without disturbing the market volatility.
China retaliates with tariffs on US agriculture products
The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, pork and recycled aluminium goods.
The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, pork and recycled aluminium goods.
Similar threads
-
My Views on the General Elections 2024
- Started by Verde
- Replies: 21
-
-
What are some general and basic price-volume action pattern one should know?
- Started by shyttrader
- Replies: 1
-
-