|
|
| Buy & Sell Cars at
CarBHP.com |
Intraday Trading Method By Dheeraj Trivedi
| From : Dheeraj Trivedi at 04:58 PM - Mar 02, 2010 (24 months ago) |
- Can you identify the market sentiment for the day ? if yes how ?
- Can you predict the opening of European Market at around 1330 ? if yes how ?
- Did you notice the change in NIFTY values at around 1315 to 1330 Hrs (Pre Europe Opening) and after it opens up (1330 to 1400 Hrs). Is’nt it predictable ?
- Do you check the values of DOW future during our trading hours ?
- Have you ever observed the way European Market behaves once the American Market opens up at around 2000 Hrs.
- Have you ever noted down the value of American Market (DOW) when European Market closed at around 2230 Hrs ? Have you compared this value of the DOW to the closing value of the DOW ? What impact this difference will have ?
- Do you have a charting software which can be configured for EMAs and Stochastic ?
- What is better: Trading with the pre calculated levels or intraday live chart indications ?
- Do you understand the significance of Double Top, Previous Day closing value and major EOD Resistance and Support values?
- Do you see the option strike price (Call / Put) which have maximum open interest.
- Do you think it is wise to trade in the first 15-30 minutes of the day ?
|
CR/PB.. I was away for last 3-4 days and could not access internet. I will surely conclude soon.. But meanwhile I hope those who have gone thru' this thread has started understanding the general implication of Global Markets.
dheeraj ji pl post ur ideas in day trading method, and help new mudraa members --thanku very much--natarajan
dheeraj ji- pl keep it up/ and continue on this thread
Vijay, Method is not fully put up, it has entry point, time frame, target and stop loss. First let all understand the significance of above. Today on 4th, Dow closed again around 0.45% below from the time of Europe closing. So again technically we can expect a negative opening for Europe. Our market has up momentum, but uncertainty will lead to profit booking even above 5100 levels. Be careful at around Europe opening, if we are trading in good green at that time (5120+), try to book profit and wait for Europe to open and settle down. Today for India is somewhat uncertain day, may be a range bound pause between 5060 to 5125.
Today after opening europe first break out of few ppts & then sudden drop of 15-20 pts to 50 EMA hwy it can be Dheeraj Ji?
Dhiraj bhai, Europe closed FTSE-5533.2 +49.15 +0.9%, DAX -5817.88 +41.32 +0.72%, CAC 40 (FCHI) 2842.52 + 30.6 +0.8% This time Dow was around 10451.63 +45.65 +0.44% & Nasdaq +0.48% Further at around 11.45 am (Their time as per chart)Dow hit 20 EMA & again at about 12 pm hit 50 EMA, and crossed down 50 EMA at around 12.05 pm. Now rising but still below 50 EMA
Very informative and useful thread.
Did any one notice a clear method here ? We hit the 20 EMA first time after 30 minutes of trade. This point was buying point, with a target of previous highest. Subsequently trade should be initiated only when it hits the 50 EMA, it did that and that was second buying opportunity again with the previous high as target. This is just to give you an idea, see any intraday chart, if trend is identfied (we will see how to identify this), then it is very effective method to get into the trade. You can see yesterday's Nifty, yesterdays European indexes, Dow any thing.. It works.
Did you notice how much red Europe was in (at opening) ? It was around 0.3 to 0.4% (Monitor CAC, that will do), exactly following the DOW closing. So don't you think a fall of 0.3% was already anticipated by our market, if Europe had opened further deep in red, probably we would have stopped at 5070. Also did you notice a upsurge just before Europe opening ? Please recall during that Dubai fiasco, we were down by 3%, but when Europe opened it was down by just 1% or so, what happened, we quickly covered the losses. Now since our market is closed I want more particpation from members to understand this global linkage and then we will come up with a simple trading method..
@ 13.30 europe opened in red but our mkt went up
When Europe closed DOW was 45 points up, but finally DOW closed with just 2 points up. So DOW is down by 45-2 = 43 points almost 0.4%.. This alone gives good indication that when Europe opens at 1330 on wednesday, they will be in red. Now please watch our market just pre opening of Europe (1315 to 1330 Hrs) and just after it opens up.
1. Can you identify the market sentiment for the day ? if yes how ?
Usually yes. Check the Dow/Asian Markets and Singapore Nifty. And also to some
extent the closing period signals on Intraday Charts of Nifty.
2. Can you predict the opening of European Market at around 1330 ? if
yes how ?
I check the FTSE/DAX/CAC only after they have opened and see Nifty’s
reaction if any.
3. Did you notice the change in NIFTY values at around 1315 to 1330 Hrs
(Pre Europe Opening) and after it opens up (1330 to 1400 Hrs). Is’nt it
predictable ?
Yes it is predictable with CNBC hyping up the details.
4. Do you check the values of DOW future during our trading hours ?
Not at all. Best to focus on our trades without too may details/factors.
5. Have you ever observed the way European Market behaves once the American
Market opens up at around 2000 Hrs.
Almost similar to how our market reacts to the European Markets opening.
The FTSE and CAC react more than the DAX.
6. Have you ever noted down the value of American Market (DOW) when European
Market closed at around 2230 Hrs ? Have you compared this value of the DOW to
the closing value of the DOW ? What impact this difference will have ?
No I check only the closing of the DOW the next morning. As said in point
4 Best to focus on our trades without too may details/factors..
7. Do you have a charting software which can be configured for EMAs and
Stochastic ?
I use Amibroker along with a realtime data feed from Indiabulls PIB for
NSE cash and futures and RealtimeDataExpress to feed live European and US market
data into Amibroker. Ami has all types of EMA/Stoch/RSI that u could possibly
want.
8. What is better: Trading with the pre calculated levels or intraday
live chart indications?
Best is a combination of both.
9. Do you understand the significance of Double Top, Previous Day closing
value and major EOD Resistance and Support values?
Yes, very important parts of chart analysis.
10. Do you see the option strike price (Call / Put) which have maximum
open interest.
Not at all.
11. Do you think it is wise to trade in the first 15-30 minutes of the
day ?
Very often the best scalping and big money is made in the first 15 min.
before the market settles down into a range. I use it frequently. Then u don’t
need to trade for the rest of the day. But newcomers should wait for the mkt to
settle down after the first half hour to gauge the sentiment and trend.
sir in 5 mins chart it first broke 20ema line with a black candle,then why not we shorted? Playing long as because gap up opening or any other reason.
DOW opened 40-50 points up, all around positive sentiments. It corrected upto 20 EMA after 30 minutes of opening and a gave buy signal at 20 EMA and now its moving up... Check todays NIFTY chart, exactly same thing happened... http://in.finance.kahoo.com/q/ta?s=%5EDJI&t=1d&l=on&z=l&q=c&p=e20,e50&a=&c=
I think most of the members are more focoused on technical part of stock trading.You have opened up the broared window of trading.Please keep it up sir.
| 1 to 20 out of 41 | | First | << Previous | Next >> | Last | |
| (1) 2 3 |
Login to participate in discussion.
Recently Discussed Posts of Dheeraj Trivedi
Learning Section >> Understanding trend type with Nifty Intraday Chart (27)Technical Calls >> Buy Calls (1)
Technical Calls >> Nifty View : Dheeraj Trivedi (3)
Technical Calls >> EW Theory and its excellent impact on Market (7)
Technical Calls >> Nifty Buy Call (8)
Disclaimer: The messages and ideas posted on this website are user's own views. Mudraa.com does not own any responsiblity for the information provided by the users.Data delayed 15 to 20 minutes unless otherwise indicated.
