Short term trading needs volume profile not indicators

#1
Hi friends

All the indicators are mostly made for buy & hold type of trading.
The normal Technical analysis indicators you know really dont work good
for intraday trading or short term trading.

Volume profile and market profile are specifically made for new generation short term trading.
Price movement is a function of active PARTICIPANTS OF MARKET-BUYERS AND SELLERS.
YOUR TRADE SUCCESS DEPENDS ON WHAT THE ACTIVE PARTICIPANTS DO(AFTER YOU ENTERED A TRADE) IN THE MARKET.

REPEAT
The success or failure of your executed trade depends very much on what the active participants of the market-the buyers & sellers do after you entered the trade.
Market auction is is there to facilitate buying and selling.



price moves from fair price(with high volumes) to unfair price(with low volume areaS).

You can use volume at price multi in Amibroker




Where most traders go wrong?
Every trader listens to some source and then takes decision.(tips,one indicator,forums,tweets)


They rarely listen to market,the correct source.
 
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#2
Hi
here is the thing you need to learn

when price seems not going anywhere,it is not really so.
see L&T stock chart 5 min chart on 22 july 2013
why the smartmoney has to wait till 1345hrs to begin shooting????
becoz more they could not get as many dumb traders as they wanted.by 1345 all are ready (need at least 5 lakh traders and got 5 lakh)

stage1
they (smartmoney)prepare
stage 2
they shoot the novice traders



 
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maneverfix

Well-Known Member
#3
Hi
here is the thing you need to learn

when price seems not going anywhere,it is not really so.
see L&T stock chart 5 min chart on 22 july 2013
why the smartmoney has to wait till 1345hrs to begin shooting????
becoz more they could not get as many dumb traders as they wanted.by 1345 all are ready (need at least 5 lakh traders and got 5 lakh)

stage1
they (smartmoney)prepare
stage 2
they shoot the novice traders



Magic is how to listen to market?, it speaks only in subsonic or ultra sonic sounds, very few able minded traders can listen to it, if you have any insights about listening to markets, all of us will be highly grateful, and thats what is required for sucessfull day trading.
 

Vertigo_1985

Well-Known Member
#4
Hi
here is the thing you need to learn

when price seems not going anywhere,it is not really so.
see L&T stock chart 5 min chart on 22 july 2013
why the smartmoney has to wait till 1345hrs to begin shooting????
becoz more they could not get as many dumb traders as they wanted.by 1345 all are ready (need at least 5 lakh traders and got 5 lakh)

stage1
they (smartmoney)prepare
stage 2
they shoot the novice traders




The concerned chart is of LT on 22- 07-13, the day it announced it's quarterly revenue. The results were announced around the time the fall began. Volatility is expected after results so with all respect your explanation seems to be out of context in this case. Anyways few points :-

1. You have mentioned that price wasn't moving, before the fall it made a low of 972 and high of 987 before fall. So there was movement, maybe because of fall after the movement is not visible.
2. In chart i see you are asking if they are buying why it's not moving up ? well...for every buyer there is a seller, so if they are selling why it's not going down?
3. And what's smart money? if i had been short in that trade would i have been in smart money too ?
 
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