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Technical dissection - NIFTY |
RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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Post: #46  Posted: Mon Dec 13, 2010 4:03 pm Post subject: |
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Good one sharebaaz,
Today on intraday charts, if you analyse you will get selling climax, accumulation and finally the mark up..
In other words there was nvk set up
Someone may call it double bottom...
This is the beauty of TA ..
Happy analysing...
Regards,
RT
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WILL2WIN
White Belt
Joined: 05 Mar 2010
Posts: 51
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| Post: #47 Posted: Mon Dec 13, 2010 4:14 pm Post subject: |
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| Sherbaaz, RT nice VSA based predictions. Thats the only tool to detect the SmartMoney movement. Keep up the efforts.
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #48 Posted: Mon Dec 13, 2010 11:12 pm Post subject: |
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Today nifty respected the stop loss 5790..
Today market tested the level of 5800 and bounced back sharply...
It has conquered two imp levels 5870 and 5900
5870: Monthly opening
5900: 50% of 6070-5720
Maket closed above 5900 so clear strength..
Now we should revise our stoploss to 5840
Upcoming hurdles for the Nifty 5924,5952,5976
5976 is difficult one..
Lets see what happens..
(All levels are spot)
Regards,
RT
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yawalkar
White Belt
Joined: 02 Oct 2010
Posts: 58
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| Post: #49 Posted: Tue Dec 14, 2010 7:35 am Post subject: |
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| RoyalTrader wrote: | Dear acharyams,
If you are ready to take risk then yes you can short below 5790 with a s/l of 5820 and a target 5730 all spots.
My trailing stoploss levels should not be taken as SAR levels.. Agressive traders can do so but not advisable to all..
I always mention when to open fresh long or shorts and when to book profits..
Make an habit of booking profit, dont let greed to take control of your emotions, trade and finally money...
Regards,
RT |
Dear RT,
can you explain how you calculate stop loss. In this case how you calculate nifty 5790 for short and 5820 for long
Last edited by yawalkar on Tue Dec 14, 2010 7:46 am; edited 1 time in total |
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yawalkar
White Belt
Joined: 02 Oct 2010
Posts: 58
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| Post: #50 Posted: Tue Dec 14, 2010 7:45 am Post subject: |
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| RoyalTrader wrote: | Stoploss mentioned yesterday 5790 spot...
Today market gave another (mostly last) opportunity to go long.. Who made money..?
Today was a trap for bears..
Understand the power of SMART MONEY
Just follow it and enjoy...
Regards,
RT |
Dear RT,
Can you explain where u found smart money on chart? can you explain please?
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #51 Posted: Tue Dec 14, 2010 9:35 pm Post subject: |
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Dear Yawalkar,
SMART MONEY can not be easily seen on the chart like indicators or overlays.. For that you need to understand the relationship between volume and price,, If you analyse volume and price carefully you can spot what operators are doing.. It is said that in market 95% people loose money and only 5% people gain.. But those 5 % peoples profit = other 95% peoples loss.. as market is a zero sum game...
Knowledge of candlesticks is an added advantage to those who are following VSA (Violume Spread Analysis)..
As per VSA there are 4 phases in the market
1. Accumulation
2. Mark up
3. Distribution
4. Mark down
Some times there may be reaccumulation phase after a mark up..
Seeling climax, Buying climax are also two important concepts in VSA..
I will go step by step to explain this to all...
Watch out this space I will post an example soon...
Regards,
RT
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ashis
White Belt
Joined: 28 Mar 2010
Posts: 75
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| Post: #52 Posted: Tue Dec 14, 2010 10:21 pm Post subject: |
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Dear RT
It is our pleasure if you will guide us properly about your bellow mentioned 4-points.
Regards
Ashis
| RoyalTrader wrote: | Dear Yawalkar,
SMART MONEY can not be easily seen on the chart like indicators or overlays.. For that you need to understand the relationship between volume and price,, If you analyse volume and price carefully you can spot what operators are doing.. It is said that in market 95% people loose money and only 5% people gain.. But those 5 % peoples profit = other 95% peoples loss.. as market is a zero sum game...
Knowledge of candlesticks is an added advantage to those who are following VSA (Violume Spread Analysis)..
As per VSA there are 4 phases in the market
1. Accumulation
2. Mark up
3. Distribution
4. Mark down
Some times there may be reaccumulation phase after a mark up..
Seeling climax, Buying climax are also two important concepts in VSA..
I will go step by step to explain this to all...
Watch out this space I will post an example soon...
Regards,
RT |
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #53 Posted: Tue Dec 14, 2010 10:23 pm Post subject: |
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Before going deep in to VSA, some daily updates.
first let me answer to the question How I derived the level of 5790 as S/L
Dear Yawalkar, its simple 50% of last candle spread 5857-5721=136
136/2=68+5721= 5789
50% of big green candle is a good support...
For tomorrow I am little cautious... If tomorrow happens to be a big green candle then I am ok.. But if Market starts fallling.. Then I would Like to keep 5910 (spot) as my stop loss for long.. aggresive traders can short but not recommended.. market may take support around 5860 spot tomorrow or day after.. One can think of re-entering there
Please find attached chart...
Regards,
RT
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525 Time(s) |
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yawalkar
White Belt
Joined: 02 Oct 2010
Posts: 58
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| Post: #54 Posted: Wed Dec 15, 2010 5:44 am Post subject: |
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| RoyalTrader wrote: | Dear Yawalkar,
SMART MONEY can not be easily seen on the chart like indicators or overlays.. For that you need to understand the relationship between volume and price,, If you analyse volume and price carefully you can spot what operators are doing.. It is said that in market 95% people loose money and only 5% people gain.. But those 5 % peoples profit = other 95% peoples loss.. as market is a zero sum game...
Knowledge of candlesticks is an added advantage to those who are following VSA (Violume Spread Analysis)..
As per VSA there are 4 phases in the market
1. Accumulation
2. Mark up
3. Distribution
4. Mark down
Some times there may be reaccumulation phase after a mark up..
Seeling climax, Buying climax are also two important concepts in VSA..
I will go step by step to explain this to all...
Watch out this space I will post an example soon...
Regards,
RT |
Thanks RT,
For such a wonderful explanation.
I am very hungry to know the details.
can you suggest me any book or web site for VSA?
And do share your knowlede ASAP.
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sharemuthu
White Belt
Joined: 21 Aug 2009
Posts: 154
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| Post: #55 Posted: Wed Dec 15, 2010 8:59 am Post subject: |
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Nice one RT thanks 
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #56 Posted: Wed Dec 15, 2010 2:02 pm Post subject: |
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| yawalkar wrote: | | RoyalTrader wrote: | Dear Yawalkar,
SMART MONEY can not be easily seen on the chart like indicators or overlays.. For that you need to understand the relationship between volume and price,, If you analyse volume and price carefully you can spot what operators are doing.. It is said that in market 95% people loose money and only 5% people gain.. But those 5 % peoples profit = other 95% peoples loss.. as market is a zero sum game...
Knowledge of candlesticks is an added advantage to those who are following VSA (Violume Spread Analysis)..
As per VSA there are 4 phases in the market
1. Accumulation
2. Mark up
3. Distribution
4. Mark down
Some times there may be reaccumulation phase after a mark up..
Seeling climax, Buying climax are also two important concepts in VSA..
I will go step by step to explain this to all...
Watch out this space I will post an example soon...
Regards,
RT |
Thanks RT,
For such a wonderful explanation.
I am very hungry to know the details.
can you suggest me any book or web site for VSA?
And do share your knowlede ASAP. |
Hi,
Read Tom Williams- Master the markets. He has coined the term VSA. Now you can understand it in theory but without a charting software it would be very difficult (but not impossible) to apply.
I differ with RT with regard to knowledge of candlesticks as an added advantage (even though I am BIG learner of it) for VSA. Actually its a disadvantage as VSA does not take into consideration the OPEN PRICE, which is very imp for candlesticks patterns and analysis.
Now why VSA does not take into account the OPEN PRICE? My guess is that Tom Williams wrote the book around 1992 and till that time candlesticks were not as popular as they are today.
Regards,
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #57 Posted: Wed Dec 15, 2010 9:43 pm Post subject: VSA |
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As commited.. Here comes my first example..
After going through the chart you will become familier with seiiling climax accumulation.. and a break out leading to a mark up...
Any comments, Suggestions doubts are welcome...
Rgards,
RT
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nageswararao_v
White Belt
Joined: 22 Jul 2010
Posts: 54
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| Post: #58 Posted: Thu Dec 16, 2010 12:06 am Post subject: Re: VSA |
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| RoyalTrader wrote: | As commited.. Here comes my first example..
After going through the chart you will become familier with seiiling climax accumulation.. and a break out leading to a mark up...
Any comments, Suggestions doubts are welcome...
Rgards,
RT |
Hi RT,
Can we apply the same theory for intra day? is it suitable?
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #59 Posted: Thu Dec 16, 2010 12:21 am Post subject: |
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yes nageswararao,
It is suitable to all timeframes in all markets.. It is based on law of demand and supply, which is universally applicable..
Regards,
RT
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #60 Posted: Thu Dec 16, 2010 8:12 am Post subject: nifty update |
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Nifty update:
As expected market broke yesteday 5910 and took support at 5865 and closed below 5900..
Now the weakness is clearly visible on charts.. Strength will come back only if there are two hourly closings above 5900..
Otherwise below 5860 targets are 5840,5800,5750,5730,5690..
This time 5690 may not hold out.. Take care...
Regards,
RT
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