varun kochhar
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How to make volume data your friend.

Varun Kochhar at 05:02 PM - May 17, 2019 ( ) Views: 3,602

11 11

Hi. 

Over the past few days/months a lot many people wanted me to share my methodolgy on how i use Volume data to interpret the movement of the underlying.

This is my attempt to explain it to you so that you become better traders.

No Magic.

Only Logic.

So how many of you would like to learn seriously.

Please indicate so that i may start.

If i do not get atleast 20 people who want to learn then i would abandon this exercise.


From: varun kochhar at 05:04 PM - May 17, 2019( )


Volumes according to me are a better gauge for market moves and significantly high volumes leads to momentum or trend change.


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Tirumala Rao B at 12:40 PM - May 23, 2019 ( )

Sir kindly confirm, is this parameter setting 375 for Nifty, 870 for Crude applicable in 1min chart only or any TF either 1tick or 1 Hr chart to assess daily trend?

And parameter multiplied with 5 for weekly Supply and demand zones.?

For intra what TF and for positional what TF good to follow Sir?

Thanks in Advance.

Varun Kochhar at 01:15 PM - May 20, 2019 ( )

Kumudhan ji it should be no.of hours multiplied by 60.

Earlier timing was 10 to 11:55 so 895.

Now it is 9 to 11.30 so 14.5*60 = 870.

Varun Kochhar at 09:34 AM - May 23, 2019 ( )

This was so apt then.

Varun Kochhar at 05:25 PM - May 20, 2019 ( )

The joker does not have the guts to give his current trade. If we were to open 500 points gap down he would say that i told you that it was the underlying magic levels. I just have 1 question to ask his so called followers.

What is your current trade.

Are you long or short and when would you exit if it does not go as planned.

(i.e. what is your SL).

The market took so many days to come down. But all it took was just 2 days to recoup the losses.

Maybe it is trying to tell you something.

Anubhav Goyal at 05:35 PM - May 20, 2019 ( )

sir i m nt saying for spppon feed to any one, 

just these kind of timely alerts ..

and everyone doesnt have same analytical skills.

Thanks

Varun Kochhar at 05:29 PM - May 20, 2019 ( )

Thank you sir.

I am a free lancer. The reason i have been posting so much in the past 3 days is to lend support to the people that the trend is long.

I would keep on posting my views at turning points.

I have given the tools in my other thread for you all to charter your own course.

I do not want to spoon feed.

Varun Kochhar at 05:29 PM - May 20, 2019 ( )

Thank you sir.

I am a free lancer. The reason i have been posting so much in the past 3 days is to lend support to the people that the trend is long.

I would keep on posting my views at turning points.

I have given the tools in my other thread for you all to charter your own course.

I do not want to spoon feed.


Quoted Reply not available.

Varun Kochhar at 05:25 PM - May 20, 2019 ( )

The joker does not have the guts to give his current trade. If we were to open 500 points gap down he would say that i told you that it was the underlying magic levels. I just have 1 question to ask his so called followers.

What is your current trade.

Are you long or short and when would you exit if it does not go as planned.

(i.e. what is your SL).

The market took so many days to come down. But all it took was just 2 days to recoup the losses.

Maybe it is trying to tell you something.

Varun Kochhar at 05:20 PM - May 20, 2019 ( )

Just remember 1 thing. Market is moved by the market makers. It does not go up or down by hope.

one just should know what to follow.

All most all Technical Indicators are lagging.

 

I had stopped using them a long time  ago.

Those who are confident of their system/studies would always give a stop loss.

Open ended trades are like shooting in the dark. It may hit or miss.

Varun Kochhar at 05:11 PM - May 20, 2019 ( )

500+ points and counting from 11338

All transparent.

No Hocus pocus or magic.

Varun Kochhar at 05:10 PM - May 20, 2019 ( )

This chart really was the game changer.

Varun Kochhar at 05:42 PM - May 17, 2019 ( )



Varun Kochhar at 04:49 PM - May 20, 2019 ( )

The journey of 2000 points in just over 2 trading days.

Kumudhan Murugappan at 01:23 PM - May 20, 2019 ( )

thank you ji

Varun Kochhar at 01:15 PM - May 20, 2019 ( )

Kumudhan ji it should be no.of hours multiplied by 60.

Earlier timing was 10 to 11:55 so 895.

Now it is 9 to 11.30 so 14.5*60 = 870.

Kumudhan Murugappan at 01:06 PM - May 20, 2019 ( )

Crude 1  min chart with 375 parameter actually it should be 895....why 895 ji?

Varun Kochhar at 09:54 AM - May 20, 2019 ( )

I guess you would have gauged the power of volumes by this chart.

Any ways People are saying that this is because of exit poll results.

They are wrong again. This upmove started on Thursday and the last hour on friday the momentum came.

 

Varun Kochhar at 05:46 PM - May 17, 2019 ( )

Just posting a Nifty future 1hr chart without price. Only with Volume histogram and the price range created by each successive higher volume bar.

Just observe this.

The last range was created on 14th of May with the highest Volumes in the past 2 months (I have data for only 2 months).

Till the time we were below this band it acted as resistance but once we crossed it, it became support.

So at first glance what appeared as selling (when it got made) has now turned out to be buying when we crossed above it.

Bappa Dey at 07:26 PM - May 19, 2019 ( )

Want to learn sir.

 

Varun Kochhar at 07:44 PM - May 17, 2019 ( )



Varun Kochhar at 05:54 PM - May 19, 2019 ( )

This method if you are able to master it would definitely give you successive 20 money doubling trades back to back.

Pure volume with price trading without any indicator.

Varun Kochhar at 05:47 PM - May 19, 2019 ( )

The idea of this thread was to get you guys started. You will have to do the hardwork yourself. Sorry no Spoon Feeding. Just observe as many charts as possible. Even 10000 charts would be too less as TA is all about learning more. One thing that i can promise you is that it would be worth your while. You would definitely become a better and succesfull trader.

If i were to spell out 1 USP of trading following Volumes it would be that it significantly and drastically reduces the decision points in trading. If earlier you were struggling with the Trend or which pivot to base your trades on ,then this would eliminate that dilemma to quite an extent.

Happy Trading.

Manaranjan Sahu at 10:11 AM - May 18, 2019 ( )

I am also keenly following and learning from you sir.Please explain fully.new to your trading style.

Udi M at 12:41 PM - May 19, 2019 ( )

Thank you very much Mr.Tirumala for your extremely useful suggestion on Amibroker software purchase and datafeed setup.

Thanks again for your faster reply. 

regards

Udi. M

Tirumala Rao B at 09:13 AM - May 19, 2019 ( )

Hello Mr. Udi,

I am not an expert in Amibroker,but have basic knowledge as user.

Please refer officialwebsite for availabe Amibroker versions n pricing here

I don't know about official vendors,seniors may suggest.

Unauthorized download do work,but i am not suggesting. As a beginner one can try,then purchase original version because software cost is high.

You have to consider ongoing data feed costs as well. Good quality feed costs around Rs 2k/month min. But to try as beginner one can use other data feed sources around Rs500/month

Hope this helps!

Tirumala Rao B at 09:13 AM - May 19, 2019 ( )

Hello Mr. Udi,

I am not an expert in Amibroker,but have basic knowledge as user.

Please refer officialwebsite for availabe Amibroker versions n pricing here

I don't know about official vendors,seniors may suggest.

Unauthorized download do work,but i am not suggesting. As a beginner one can try,then purchase original version because software cost is high.

You have to consider ongoing data feed costs as well. Good quality feed costs around Rs 2k/month min. But to try as beginner one can use other data feed sources around Rs500/month

Hope this helps!

Udi M at 11:29 PM - May 18, 2019 ( )

Hello Mr.Tirumala,

Thanks for detailed explanation. Since I have only heard about Amibroker charting software till now; I havea few doubt regarding this software. P

Any feedback from you is highly appreciated.

Q 1. Is this Amiborker software to be purchased legally from a vendor in India? Or any unauthorized download from net will work?

Q 2. If this software has to be purchased legally then what is the purchase cost? and cost for license renewal/year?

Q 3. If this software has to be purchased then any Vendor name you suggest?

 

Thanks for your precious time and help...

 

 

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