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[XRAY27]

Friends,
Please post mp levels for weekly and daily. ... also if there any nopc

VA's for reference

Daily:8886/8877/8868

Weekly: 8916/8877/8823

 

[VJAY]

Dear xray bro,
Now today is failed auction. ..In this situation you take trades failure auction against trend?

 

[XRAY27]

Dear xray bro,
Now today is failed auction. ..In this situation you take trades failure auction against trend?

Failed auction is not there !!! go through old post on this and understand the concept first !!!

 

[VJAY]

Failed auction is not there !!! go through old post on this and understand the concept first !!!

Okey. ..so if today bd 1st 30 bar and reverse and bo 1st bar you take long?btw good short trade for me

 

[XRAY27]

Okey. ..so if today bd 1st 30 bar and reverse and bo 1st bar you take long?btw good short trade for me

First 30 min candle was broken and i would have gone long if the break of the 8823 weekly VAL,but that went into 30 min bar range so no long for me,shorted on BO of IB and this turned out to be a scratch trade !!!

Intralong would have happend on 10.3 bar high (which not happened )

Swing above 8823 for FA/Poor high of 22 nd...

 

[manish9300]

Failed Auction=Open outside VA,No 30 min candle closing beyond IB( in the direction of open).Break of IB in the direction opposite to the open.

 

[VJAY]

Failed Auction=Open outside VA,No 30 min candle closing beyond IB( in the direction of open).Break of IB in the direction opposite to the open.

Then why not today's action not failed auction? means in 1st hour
Hope IB means 1st 30min candle

 

[XRAY27]

Then why not today's action not failed auction? means in 1st hour
Hope IB means 1st 30min candle

First 2 candles in 30 min TF !!! just check it where is the failed aution with this ?? Please go through each term in detail

 

[manish9300]

Then why not today's action not failed auction? means in 1st hour

Today,open below VA.So failed auction is possible if price break IB to the upside without any 30min candle closing below IB.Is there a break of IB to the upside in your 30min NF chart today?

Failed Auction checklist.
1.Open outside VA.
2.No 30 min close beyond IB in the direction of open (means no continuation).
3.Break of IB in the direction opposite to that of open(means price rejection).

IB=First 2 30min candle or first hour range.
VA=Previous day value area.
Open=Today's opening price.

 

[XRAY27]

Swing trade based on Weekly VA's

Intraday ended in scratch trade , option side is good !!! as always last 4 days nf options !!!