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Intraday Trading Method By Dheeraj Trivedi
| From : Dheeraj Trivedi at 04:58 PM - Mar 02, 2010 ( ) |
Share it on Facebook- 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 ?
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Pl see the support it has taken at 20 EMA despite a bad fall from 10445 levels. This is going to be the basis of our theory.
http://in.finance.kahoo.com/q/ta?s=%5EDJI&t=1d&l=on&z=l&q=c&p=e20,e50&a=&c= Please monitor the the above link for DOW... 20 EMA and 50 EMA is shown. Note down the value of DOW when Europe closes. Please write y in kahoo.
reload every is a plugin for mozilla fire fox..and the data is not delayed on the sites i mentioned thanks..
DEAR SAJAY .use a software to refresh it every 5 sec...i use reload every with mozilla and use same with hsi site for hang sang ---HOW A DELAYED CHART COULD B REFRESHED EVERY 5 SEC.PL EXPLAIN---RAGARDS--NATARAJAN
Please carry out following exercise today: 1. Note down the value of DOW when European Market closes at around 1030 Hrs tonight. 2. And also Note down the closing value of DOW. 3. Find out the difference of the two. 3. In absence of any fundamental news in Europe this difference will directly impact the opening of CAC (France 40)... So this will help you in predicting the CAC opening value. (We will take up the DOW future later on). This will determine the movement of our Nifty at around 1315 Hrs onwards..How we will see !!
yes about point 2 i have seen most of the time if dow futures are not down more than 40 points ftse will open in positive and even when it has opened negative it will try to recover(if ftse opened positive we get a spike up and vice versa immediately) ... about point 3 open cnbc.com (on home page dont go to details as it is delayed quote) on market overview click europe..use a software to refresh it every 5 sec...i use reload every with mozilla and use same with hsi site for hang sang hello prakash about point 7 use iguidestocks or chartnexus (google them) both are very good for analyzing end of day charts...thanks
Sanjay, Can you share in details about Pt# 3, and also pt#2. Please provide more detailed inputs like Sanjay, we can summarize at the end and a very good market outlook will come out of these.
tiwariji, with respect to your reply on point 7.- kindly inform which is the software.
i THINK MOST OF THE MUDRAA MEMBERS OFFLINE AFTER TRADING HRS
1. Can you identify the market sentiment for the day ? if yes how ?
yes ..hang sang (hsi.com.hk/HSI-Net/) dollar index bloomberg , us closing yesterday
2. Can you predict the opening of European Market at around 1330 ? if yes how ?
american futures if more thyan 40 points cut it wiull open negative...
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 cnbc.com (see europe real time)
4. Do you check the values of DOW future during our trading hours ?
after europe opening only see europe
5. Have you ever observed the way European Market behaves once the American Market opens up at around 2000 Hrs.
yes exactly like europe market
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 ...kindly explain
7. Do you have a charting software which can be configured for EMAs and Stochastic ?
yes
8. What is better: Trading with the pre calculated levels or intraday live chart indications ?
both
9. Do you understand the significance of Double Top, Previous Day closing value and major EOD Resistance and Support values?
yes
10. Do you see the option strike price (Call / Put) which have maximum open interest.
no
11. Do you think it is wise to trade in the first 15-30 minutes of the day ?
not in first 15 min but 15-30 min is ok
Share your views please on these points, any of these points ?? I am sure you must have seen a sudden increase in price movememt at around 1330 (before & after). I am sure you must have seen the support and resistance provided by previous day closing, I am sure you must have seen the support or resistance provided by various levels.
Q 1 TO Q6 NO Q 7 YES Q 8 BOTH Q 9 D TOP YES P CLS YES OTHER NO Q IO NO Q 11 NO
dear u hv started a new good thread I offer my full co operation--regards--natarajan
No one wants to understand the importance of these points ? No one wants to know a method based on these points, which is very simple and effective ?? I want more participation so that it is useful for maximum number of members.
Nitin, Probably in due course of time in this thread you will see how the balance points are crucial to trading in our market.. I look forward to more honest particpation, as well as views of seniors members on above.
For me, except 7 & 9, answer for all other question is NO. For Q.No.8, intraday live chart indicators are better for trading.
JS, You are a technically equipped trader, I would like to have your valuable feedback on any (or all) of the above points. The idea is many people most of the time take uninformed trades based on certain tips, that has to be avoided, trade must be taken when one has verified hismself/herself. Information, global data and understanding of basic technical analysis is very critical in today's scenario... I hope many people benefit out of this.
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