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Nifty View - August Series 2013 |
apka
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Joined: 13 Dec 2011
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Post: #661  Posted: Tue Aug 27, 2013 2:58 pm Post subject: |
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29.98 VIX high
RUPEE 66.075 high
Diesel hiked by Rs.3... Rs.5 was demanded. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #662 Posted: Tue Aug 27, 2013 3:06 pm Post subject: |
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| apka wrote: | 29.98 VIX high
RUPEE 66.075 high
Diesel hiked by Rs.3... Rs.5 was demanded. |
who told you? not yet. |
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apka
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Joined: 13 Dec 2011
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| Post: #663 Posted: Tue Aug 27, 2013 3:07 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | 29.98 VIX high
RUPEE 66.075 high
Diesel hiked by Rs.3... Rs.5 was demanded. |
who told you? not yet. |
ok. some online friend said. sorry. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #664 Posted: Tue Aug 27, 2013 3:09 pm Post subject: |
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| Hmm...someone told to buy Sep "out of money" calls for OIL stocks like BP HP in anticipation...not done myself yet...watching |
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vinay28
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Joined: 24 Dec 2010
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| Post: #665 Posted: Tue Aug 27, 2013 3:11 pm Post subject: |
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| nifty should go to 5550 from here and then tank. I feel you should close your short. |
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apka
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Joined: 13 Dec 2011
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| Post: #666 Posted: Tue Aug 27, 2013 3:23 pm Post subject: |
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| vinay28 wrote: | | nifty should go to 5550 from here and then tank. I feel you should close your short. |
Hmm, I'm taking the risk to carry fwd.
The govt has nothing in it's pockets or hats to show us as a surprise in 1 day for the economy. All they depend on is pep talk and steps from RBI to try to stabilize the market. The 'H' is silent for them when thinking of 'Need of Hour'.
Btw, VIX 30.04 fresh high. |
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apka
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Posts: 6137
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| Post: #667 Posted: Tue Aug 27, 2013 3:31 pm Post subject: |
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(1) 5200ce OI doubled. 5300ce OI more than 150%. This is 3 days before expiry. Surely 5300 will act as the resistance from hereon for expiry.
(2) 5300ce ATP being near 53 right now. So won't expect 5350 to cross from tomorrow onwards till expiry.
(3) And big short covering at 5400pe 5500pe.
(4) 47% OI added to Sept Fut shorts as of intraday.
Lets see at close where figures stand. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #668 Posted: Tue Aug 27, 2013 3:32 pm Post subject: |
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| vinay28 wrote: | | pkholla wrote: | | Super strong bear trend today also. Not yet gone back and hit 15 ema line. Best to use pull backs to short again at the top of the pull back. Cheers, Prakash Holla |
15ema on what tf? |
Sorry, Vinay, BSNL B'lore is part of UPA I think. Off since 1200 (after off whole day y'day). Just came back.
Standard Al Brooks trading funda: candles in 5TF, use 15 ema for checking strength of trend (if doesnt come back to test 15ema within 2 hours of opening, then strong trend, even after testing will go short again)
Prakash Holla |
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vinay28
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| Post: #669 Posted: Tue Aug 27, 2013 4:13 pm Post subject: |
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| pkholla wrote: | | .......Standard Al Brooks trading funda: candles in 5TF, use 15 ema for checking strength of trend (if doesnt come back to test 15ema within 2 hours of opening, then strong trend, even after testing will go short again)Prakash Holla |
then what shows trend reversal, since you will short after testing 15 ema again? By the way, 5tf crossed 15ema in the last 5 min. |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #670 Posted: Tue Aug 27, 2013 6:49 pm Post subject: |
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| NR 7 set up rocked to day.Nifty... gapdown opening breaking yesterdays low and continuous down word journey.No gap covering effort. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #671 Posted: Tue Aug 27, 2013 7:12 pm Post subject: |
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| vinay28 wrote: | | By the way, 5tf crossed 15ema in the last 5 min. |
Last 5 minutes mein ( ya last 30 min mein) kya INTRA karoge?
Anyway after 1500, NF expected to go against trend, from my experience.
Suppose Nifty all day going down, shorts will cover up by buying and other buying will come in and market will for last few minutes go long
Same for Nifty trending whole day up, last few minutes will lead to longs covering up by selling and fresh shorts will also join in
See historical charts if you dont believe?!
Vinay: please dont go on asking 101 Qs to which u prob know the answer. Read Al Brooks. I have offered to send you a CD. OR DL from free websites
Jai Hind, Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
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| Post: #672 Posted: Tue Aug 27, 2013 7:21 pm Post subject: |
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| pkholla wrote: | | vinay28 wrote: | | By the way, 5tf crossed 15ema in the last 5 min. |
Last 5 minutes mein ( ya last 30 min mein) kya INTRA karoge?
Anyway after 1500, NF expected to go against trend, from my experience.
Suppose Nifty all day going down, shorts will cover up by buying and other buying will come in and market will for last few minutes go long
Same for Nifty trending whole day up, last few minutes will lead to longs covering up by selling and fresh shorts will also join in
See historical charts if you dont believe?!
Vinay: please dont go on asking 101 Qs to which u prob know the answer. Read Al Brooks. I have offered to send you a CD. OR DL from free websites
Jai Hind, Prakash Holla |
my dear mr Holla, my question was not about doing anything in last 5 min. You had said that you will short again when price touches 15ema again. Hence my question, I repeat, after shorting when price touches 15ema, how do you decide when to square off and go long i.e. what is the sign of reversal (SAR)? sabe? |
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pkholla
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| Post: #673 Posted: Tue Aug 27, 2013 7:33 pm Post subject: |
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| vinay28 wrote: | | You had said that you will short again when price touches 15ema again. Hence my question, I repeat, after shorting when price touches 15ema, how do you decide when to square off and go long i.e. what is the sign of reversal (SAR)? sabe? |
1 In a SUPER STRONG BEARISH TREND like today did you notice any chance of making money going long? (Before 1525 that is?)
PROBABILITY favors trades going short, all day long, on days like today. You can enter anywhere (before 1500 and while market is going down) and make some money but Al Brooks reco placing fresh short when counter trend starts failing and you can place the trade near about end of such counter trend
2 All trading is based on probability. Nothing is certain. But with proper stops today we could have made a ton of money going short
3 To answer your Q, suppose you saw the downward trend temporarily stop and reverse upwards, you could have either continued with stop OR squared off and placed fresh short at top of counter trend
The reason why Al recos 5TF is that it is easy to see where the price is headed. False starts and confusing moves seen in 30 sec to 2 min TFs are minimized by the longer TF
Al also says if you want, you can view chart in 3 min TF but action is faster like in fast forward and you need to be quick and considerably more alert
Vinay: Please read Al Brooks. All you Qs are answered there!!!! |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #674 Posted: Tue Aug 27, 2013 7:35 pm Post subject: |
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| vinay28 wrote: | | pkholla wrote: | | vinay28 wrote: | | By the way, 5tf crossed 15ema in the last 5 min. |
Last 5 minutes mein ( ya last 30 min mein) kya INTRA karoge?
Anyway after 1500, NF expected to go against trend, from my experience.
Suppose Nifty all day going down, shorts will cover up by buying and other buying will come in and market will for last few minutes go long
Same for Nifty trending whole day up, last few minutes will lead to longs covering up by selling and fresh shorts will also join in
See historical charts if you dont believe?!
Vinay: please dont go on asking 101 Qs to which u prob know the answer. Read Al Brooks. I have offered to send you a CD. OR DL from free websites
Jai Hind, Prakash Holla |
my dear mr Holla, my question was not about doing anything in last 5 min. You had said that you will short again when price touches 15ema again. Hence my question, I repeat, after shorting when price touches 15ema, how do you decide when to square off and go long i.e. what is the sign of reversal (SAR)? sabe? |
do you understand the words coming out of his mouth?
( if anyone remembers chris rock, rush hour  ) |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #675 Posted: Tue Aug 27, 2013 7:37 pm Post subject: |
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| pkholla...or hollapk, whichever is active right now... you were updating some levels not long back... what's the status with those? expectation of levels to come from hereon? |
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