NO.The problem is still there.This time NSE is the acuused party.
Yes,it is evident that when the Indian no.1 data vendor can't fetch data accurately,then the outsider esignal will also miss data,as the root problem is there in the technology used by NSE....
Yes,it is evident that when the Indian no.1 data vendor can't fetch data accurately,then the outsider esignal will also miss data,as the root problem is there in the technology used by NSE....
Thanks
nb
H
btw, who is this India's no. 1 data vendor?
Thanks
nb
Thanks
nb
P.S. I don't think these multimillionaire companies need advertisement from a poor guy like me.....but still for the stature Traderji has maintained for itself,I should mention that this is not an endorsement for them,neither I am satisfied with their service fully,till today.
Hari,
Now do you know why day trading does not work? The indicators just cannot be accurately formed on tick/minute data. The fault is not with NSE. The problem exists the world over (even the US). In fact its not a problem at all. Refer to trading books of any foriegn author and they will talk about whipsaws.
Have you ever plotted a graph? Graphs are plotted on time scale. i.e. the price "at that moment" for fixed intervals of time like n, n +1, n + 2, n + 3, so on. How can you expect a chart for every trade? Thats impossible. How can you plot a graph with 0.01 second time scale? and even if we could, are we super humans to trade on a 0.01 second time frame?
Please dont blame others for your trading faults. Your stops are too tight, secondly you are day trading. Your stops will be hit many times. Its not the systems fault.
Now do you know why day trading does not work? The indicators just cannot be accurately formed on tick/minute data. The fault is not with NSE. The problem exists the world over (even the US). In fact its not a problem at all. Refer to trading books of any foriegn author and they will talk about whipsaws.
Have you ever plotted a graph? Graphs are plotted on time scale. i.e. the price "at that moment" for fixed intervals of time like n, n +1, n + 2, n + 3, so on. How can you expect a chart for every trade? Thats impossible. How can you plot a graph with 0.01 second time scale? and even if we could, are we super humans to trade on a 0.01 second time frame?
Please dont blame others for your trading faults. Your stops are too tight, secondly you are day trading. Your stops will be hit many times. Its not the systems fault.
Have you ever plotted a graph? Graphs are plotted on time scale. i.e. the price "at that moment" for fixed intervals of time like n, n +1, n + 2, n + 3, so on. How can you expect a chart for every trade? Thats impossible. How can you plot a graph with 0.01 second time scale? and even if we could, are we super humans to trade on a 0.01 second time frame?
cheers,
jdm.
H
Hari,
Now do you know why day trading does not work? The indicators just cannot be accurately formed on tick/minute data.
Now do you know why day trading does not work? The indicators just cannot be accurately formed on tick/minute data.
The fault is not with NSE. The problem exists the world over (even the US). In fact its not a problem at all. Refer to trading books of any foriegn author and they will talk about whipsaws.
Have you ever plotted a graph? ..... How can you expect a chart for every trade? Thats impossible. How can you plot a graph with 0.01 second time scale? and even if we could, are we super humans to trade on a 0.01 second time frame?
I am expecting a chart for every trade because for getting this I am paying to the authority concerned.
Now,the question is how to plot a graph with 0.01 sec. time scale.Sir,kindly go back to the theory of 'limit'. U will get that the function's value can tend to zero ,like 0.1,0.01,0.001,0.0001....in all dese cases the value of the function is going to reach the zero,but it never meets.This is the basics of the differential calculus from which Newton originated the theory of calculus.Now if we can get derivatives of ne function,by differentiate it,we r simply assuming that the denominator is minimized to that extent,where it is 'tending' to zero.Here our denominator being time,and n being a number which is tending to zero,but not zero,like 0.0001,the value of n+1 is traceable in the X scale of our graph paper.So the price will also be traceable,in the Y scale if it exists in that time interval.So the point of plotting a graph at 0.01 second time scale is easily solved when the softwares and the system are made competent enough to plot the X scale of the graph paper with the n at 0.001 seconds,or whatever small time frame,which is less than the shortest time needed to occur a trade(which u say 0.01 sec.)
For trading successfully,in ne time frame,we need knowledge and competence to make a system which is winning.No superhuman is needed to trade a tick chart.A dumb also can do that.
Please dont blame others for your trading faults. Your stops are too tight, secondly you are day trading. Your stops will be hit many times. Its not the systems fault.
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Friends,
You need to understand the trade execution and data transmission mechanism. Please understand that the data is for "transmission" to broker has a gap of atleast 1-4 seconds. You can zoom in to NSE charts for that (gap of 4 seconds). Hence the trades happening between those times are not recorded in the charts. A trade can happen at 0.8 pico seconds and nobody will even know.
Eg. if a stock is at Rs 100, I see that 100 shares are available at my desired price of 100.05 and I put a market order for 100 shares. What happens is that another buyer may similiarly put a market order. Secondly the quantity displayed is not the actual size. It may be one tenth of the actual size (we have facility to reduce exposed quantity remember? i.e. actual size may be 1000). Hence order of both the buyers will get executed at real time and the price may go to 100.20 and come back to 100.05 due to momentary selling pressure and exposure. All this happens within 0.01 seconds.
However the data transmission interval is 0.5 seconds. Hence the transactions will not be visble on charts but will have been executed at price of 100.20.
These are called whipsaws. Is a whip visible before it hits you?
Have you observed the best 5 bid/ask data for sometime? You can clearly see this happening. The "quantity available" for bid/ask changes above and below the current market price (observe carefully) due to the reason mentioned above.
Please do not blame brokers for everything! Hari, changing brokers/data providers will not affect the execution. Your stop would have been hit even if you placed the order with some other broker. You are placing very tight stops, these are prone to whipsaws specially during these volatile market situations.
A broker will not risk his license and 2 crore deposit for gaining Rs. 1.5 from you. Hope this helps clear your doubt. Learn the art of placing stops.
You need to understand the trade execution and data transmission mechanism. Please understand that the data is for "transmission" to broker has a gap of atleast 1-4 seconds. You can zoom in to NSE charts for that (gap of 4 seconds). Hence the trades happening between those times are not recorded in the charts. A trade can happen at 0.8 pico seconds and nobody will even know.
Eg. if a stock is at Rs 100, I see that 100 shares are available at my desired price of 100.05 and I put a market order for 100 shares. What happens is that another buyer may similiarly put a market order. Secondly the quantity displayed is not the actual size. It may be one tenth of the actual size (we have facility to reduce exposed quantity remember? i.e. actual size may be 1000). Hence order of both the buyers will get executed at real time and the price may go to 100.20 and come back to 100.05 due to momentary selling pressure and exposure. All this happens within 0.01 seconds.
However the data transmission interval is 0.5 seconds. Hence the transactions will not be visble on charts but will have been executed at price of 100.20.
These are called whipsaws. Is a whip visible before it hits you?
Have you observed the best 5 bid/ask data for sometime? You can clearly see this happening. The "quantity available" for bid/ask changes above and below the current market price (observe carefully) due to the reason mentioned above.
Please do not blame brokers for everything! Hari, changing brokers/data providers will not affect the execution. Your stop would have been hit even if you placed the order with some other broker. You are placing very tight stops, these are prone to whipsaws specially during these volatile market situations.
A broker will not risk his license and 2 crore deposit for gaining Rs. 1.5 from you. Hope this helps clear your doubt. Learn the art of placing stops.
I am sorry if I appear blunt, but being arrogant will not help you. I never said that a 0.01 second chart cannot be plotted. Even a 0.000001 second chart can be plotted, but whats the use? Data is not transmitted for less than 0.5 secs even in the US. Also please read carefully, I said indicators cannot be "accurately" formed on tick data not that they cant be formed at all.
Whipsaws exist in every time frame but they occur in very small time frames in day trading as happend in your case.
I am not a newbie and have been trading in cash and futures sucessfully for the last 10 years. I have traded many trading systems (including techniques for day trading).
BTW what is your age? you seem to be very young.
Whipsaws exist in every time frame but they occur in very small time frames in day trading as happend in your case.
I am not a newbie and have been trading in cash and futures sucessfully for the last 10 years. I have traded many trading systems (including techniques for day trading).
BTW what is your age? you seem to be very young.
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