General Trading Chat

[manoj2012]

Yes
This is what I wanted to point out
What does this indicate ???
Never heard of this much difference.
Any view or reasoning

Normally We should give importance to weighted average of last 30 min over LTP as a Closing Bias for that trading day because most volume towards day-end happened around the former where as latter is just last tick data (LTP). But normally there is not this much difference .... just some amount of difference.

However, in the context of Muhurat Trading ........ there is nothing much to be read in this aberration ....

In a normal trading of 6.25 hours of trading last 30 mins is 8% of trading time .....

In Muhurat Trading of 1 Hour, ..... 30 Mins is 50% of trading time and that also for BNF .... most of that downward move happened in last 30 Mins ...... so the weighted average will throw a freak value .......

 

[simplebuthard]

Results this week: From Moneycontrol:

The flow of results announcement was bit slow due to Diwali holiday in the week gone by but in the coming week, about 182 companies (as per BSE data) will release their earnings for the quarter ended September 2017. Major ones among them would be Infosys, HDFC Bank, Yes Bank, ICICI Bank, Maruti Suzuki, IOC, ITC, HCL Technologies, ONGC, HUL, Kotak Mahindra Bank, Asian Paints, Ambuja Cements, ABB India, Zee Entertainment, L&T Finance, M&M Financial, Mindtree, RBL Bank, Biocon, Jubilant Foodworks, Canara Bank, Adani Transmission and Bharat Financial.

 

[copypasteaee]

Bhai, what your system is indicating at/around eod
If you like to post.

System is holding shorts with SL at 24036 and longs above 244xx levels

 

[traderniftybull]

Sorry to disagree, who says there was no volume in last few minutes.
Following is the volume of BNF for last few minutes (not in any order), which is much better than first few minutes volumes. Only exception is first 1 min volume, which was the highest.

25320
17240
30680
15720
27040
13400
20040
28760

 

[copypasteaee]

Sorry to disagree, who says there was no volume in last few minutes.
Following is the volume of BNF for last few minutes (not in any order), which is much better than first few minutes volumes. Only exception is first 1 min volume.

25320
17240
30680
15720
27040
13400
20040
28760

Think in terms of relative volume not absolute volume.

Closing price = summation (p*v)/ summation (v)

Volume at top end is relatively more that's why average is up

 

[Nikhil Dogra]

There are two types of traders:

One looks for patterns and relationships that will occur universally and trades those consistently over time.

The other looks for stable periods in markets and trades the patterns and relationships that typify those regimes.

For the first trader, trading psychology is all about consistency and maintaining a consistent mindset.

For the second trader, trading psychology is all about flexibility, creativity, and adapting to changing conditions.

One is a stiff tree; the other is bamboo and willow.

The stiff tree has a hard trunk and looks strong. It breaks when the wind blows hard.

Bamboo and willow have no trunk and look frail. They bend with the wind and don't break.


Quoted from Dr Steenbarger's blog

 

[traderniftybull]

There are two types of traders:

One looks for patterns and relationships that will occur universally and trades those consistently over time.

The other looks for stable periods in markets and trades the patterns and relationships that typify those regimes.

For the first trader, trading psychology is all about consistency and maintaining a consistent mindset.

For the second trader, trading psychology is all about flexibility, creativity, and adapting to changing conditions.

One is a stiff tree; the other is bamboo and willow.

The stiff tree has a hard trunk and looks strong. It breaks when the wind blows hard.

Bamboo and willow have no trunk and look frail. They bend with the wind and don't break.


Quoted from Dr Steenbarger's blog

ha ha ha
There is one other way to look at

It needs special tools or extra labor to cut a stiff tree with a hard trunk. Will not be that easy (BTW, it is wrong to say that a stiff tree with a hard trunk breaks when wind blows hard, possible only if its very old or its roots are weak, but not otherwise)

And for bamboo and willow, any aira gaira naththoo khaira (any Tom and Dick) will go and chop it out with an ordinary axe, without any labor. No hard wind is required.

OR
Even otherwise, if I take your words in toto, then such hard wind blows only once in a blue moon and not always.
But axe is there all the time.

 

[Nikhil Dogra]

ha ha ha
There is one other way to look at

It needs special tools or extra labor to cut a stiff tree with a hard trunk. Will not be that easy (BTW, it is wrong to say that a stiff tree with a hard trunk breaks when wind blows hard, possible only if its very old or its roots are weak, but not otherwise)

And for bamboo and willow, any aira gaira naththoo khaira (any Tom and Dick) will go and chop it out with an ordinary axe, without any labor. No hard wind is required.

OR
Even otherwise, if I take your words in toto, then such hard wind blows only once in a blue moon and not always.
But axe is there all the time.

In simple words in which you can understand i will say

Trader A uses a system in a market ( a typical trend following system) which is designed for a trend regime & when it encounters a range regime Trader A will ensure his own rape in the name of discipline and consistency & at one point will break his profitable system by abandoning it.

Trader B uses a systematic process in a market (adaptive system designed for ascertaining whether current regime is trendy or ranging) & applies the system as per the current regime.

Trader A will abandon his winning system sooner or later wheras Trader B will be equipped to his process of innovation & continous research to apply his adaptive system as per the current environment.

 

[traderniftybull]

Just for Info
Sometime back we were discussing on grocery purchasing.
A good amount of cashback in available at Amazon Pantry (total upto 25% on MRP or already discounted MRP) on grocery and other household items, with goods home delivered. All deals are subject to some T&C
Available for today only (and then. may be next weekend)
Few hours left.

Best offer is at 2000 purchase amount

Disclaimer: I am no way related to Amazon and neither advertising for their business promotion.

 

[wisp]

Interesting article on working from home . Applies to full time traders too!

http://www.bbc.com/capital/story/20171020-the-trouble-of-being-both-boss-and-worker