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SwingTrader
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Post: #406  Posted: Thu Oct 03, 2013 8:38 pm Post subject: |
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Updated OTM PCR Rank chart (03.10.2013)
What a move!!! Nice!!! OTM PCR rank has had a major change. It is now significantly below 50%. So now there is a possibility that this could turn into an uptrend. But according to my trading rule price must now break above a resistance (after today's event of OTM PCR going below 50%). This means it has to clear the 19th high. But for me 5960 was critical for risk management. I will look at tomorrow's move and decide to hedge my put if market sustains above 5960. This kind of action on OTM PCR had happened during Feb-Mar-Apr 2012 sideways to down move after the huge Jan-Feb 2012 rally. So unless we break above the 19th high things can go either way.
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vinay28
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Joined: 24 Dec 2010
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| Post: #407 Posted: Thu Oct 03, 2013 8:48 pm Post subject: |
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| SwingTrader wrote: | Updated OTM PCR Rank chart (03.10.2013)
What a move!!! Nice!!! OTM PCR rank has had a major change. It is now significantly below 50%. So now there is a possibility that this could turn into an uptrend. But according to my trading rule price must now break above a resistance (after today's event of OTM PCR going below 50%). This means it has to clear the 19th high. But for me 5960 was critical for risk management. I will look at tomorrow's move and decide to hedge my put if market sustains above 5960. This kind of action on OTM PCR had happened during Feb-Mar-Apr 2012 sideways to down move after the huge Jan-Feb 2012 rally. So unless we break above the 19th high things can go either way. |
probably rank will cross 80% tmrw or on Monday.
ST, could you find out whether pcr used in chart is available intraday? |
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SwingTrader
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| Post: #408 Posted: Thu Oct 03, 2013 9:44 pm Post subject: |
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| vinay28 wrote: |
probably rank will cross 80% tmrw or on Monday.
ST, could you find out whether pcr used in chart is available intraday? |
I think so too. Will be holding my put, maybe with a hedge if price sustains above the current level. But price will have to do a lot more to get back into an uptrend from here.
We are in the process of making changes to the intraday feed database. I should probably be able to generate intraday OTM PCR in the near future. Will let you know once I am able to. But I am not sure how much it will help...let us see.
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vinay28
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| Post: #409 Posted: Thu Oct 03, 2013 10:05 pm Post subject: |
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| SwingTrader wrote: | | vinay28 wrote: |
probably rank will cross 80% tmrw or on Monday.
ST, could you find out whether pcr used in chart is available intraday? |
I think so too. Will be holding my put, maybe with a hedge if price sustains above the current level. But price will have to do a lot more to get back into an uptrend from here.
We are in the process of making changes to the intraday feed database. I should probably be able to generate intraday OTM PCR in the near future. Will let you know once I am able to. But I am not sure how much it will help...let us see. |
agreed that it won't help normally but I imagined that it could, particularly when rank shows signs of going to an extreme in a day or two. e.g. if it gos to an extreme tmrw or monday, we may get a chance of an early entry without having to wait for next day. Of course, we need to make sure it doesn't boomrang!  |
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SwingTrader
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| Post: #410 Posted: Sat Oct 05, 2013 11:52 am Post subject: |
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Updated OTM PCR Rank chart (04.10.2013)
Price has not yet done enough to make me hedge my put. Will decide on it on Monday if we see a forceful move up. OTM PCR is more or less neutral at this time with bias more on the downside. This would change only if we get a strong move up with price breaking above nearby resistances.
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apka
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| Post: #411 Posted: Sat Oct 05, 2013 12:31 pm Post subject: |
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| crucial juncture it seems, there is a iHnS in your chart also. |
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bharatpatel
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| Post: #412 Posted: Sun Oct 06, 2013 11:00 am Post subject: Little Innocent Note |
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| SwingTrader wrote: | Updated OTM PCR Rank chart (04.10.2013)
Price has not yet done enough to make me hedge my put. Will decide on it on Monday if we see a forceful move up. OTM PCR is more or less neutral at this time with bias more on the downside. This would change only if we get a strong move up with price breaking above nearby resistances. |
pls see P M |
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SwingTrader
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| Post: #413 Posted: Sun Oct 06, 2013 8:43 pm Post subject: |
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| apka wrote: | | crucial juncture it seems, there is a iHnS in your chart also. |
True, but we will require a new high for it to come into play. Let us see...
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SwingTrader
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| Post: #414 Posted: Sun Oct 06, 2013 8:44 pm Post subject: Re: Little Innocent Note |
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| bharatpatel wrote: |
pls see P M |
Thanks, will check and reply.
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SwingTrader
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| Post: #415 Posted: Sun Oct 06, 2013 8:49 pm Post subject: |
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Updated Market Breadth chart (04.10.2013)
Next moves in the market are crucial. Long term breadth is improving fast, if we can get a pullback without damaging the long term breadth we could see a sustained uptrend. If the next pullback is serious then the picture could turn bad quickly. We seem to be near a pullback as intermediate term breadth is extremely overbought.
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buddhas
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| Post: #416 Posted: Sun Oct 06, 2013 10:53 pm Post subject: |
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| apka wrote: | | crucial juncture it seems, there is a iHnS in your chart also. |
Is it a H&S pattern or a cup&handle in Nifty. |
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apka
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| Post: #417 Posted: Mon Oct 07, 2013 12:09 am Post subject: |
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| buddhas wrote: | | apka wrote: | | crucial juncture it seems, there is a iHnS in your chart also. |
Is it a H&S pattern or a cup&handle in Nifty. |
iHnS from June end week to current only daily chart... nifty 3 year weekly is cup. |
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amitagg
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| Post: #418 Posted: Mon Oct 07, 2013 4:59 pm Post subject: |
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Hi
Would it be possible to know the average call put premium difference also...it if helps besides OI..and the timeframes u are using for long, intermediate and short term trends.
Thanks |
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SwingTrader
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| Post: #419 Posted: Mon Oct 07, 2013 7:55 pm Post subject: |
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| amitagg wrote: | Hi
Would it be possible to know the average call put premium difference also...it if helps besides OI..and the timeframes u are using for long, intermediate and short term trends.
Thanks |
I should have this chart somewhere, I had posted it earlier but have not updated it for a while now. I will post it here once I find it.
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Srikanth Kurdukar
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SwingTrader
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| Post: #420 Posted: Mon Oct 07, 2013 8:19 pm Post subject: |
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| SwingTrader wrote: | | amitagg wrote: | Hi
Would it be possible to know the average call put premium difference also...it if helps besides OI..and the timeframes u are using for long, intermediate and short term trends.
Thanks |
I should have this chart somewhere, I had posted it earlier but have not updated it for a while now. I will post it here once I find it. |
Here you go...found it, updated it. I am posting both the raw PE/CE avg premium and also the "rank" chart of the avg.
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