IT'S EITHER RED OR BLUE

DA...My personal exp. is that, especially during noon hrs, if the mkt is trading above the ATP for 15 - 20 mins i go long with a SL of 30 points and if trading below ATP line I go short with SL of 30 points and 95% times I am successful. This is how i drive my Blue and Red Line....I keep Nifty , Mini Nifty and Reliance on screen.....For the first time i came across Mudra in June and startedtrading in options on the calls given by M.Ramesh( Total loss of 80,000)..Otherwise I was very happy with my above trading strategy.Now iam left with 20000/- Monday onwrds iam again restarting my Blue and Red Line concept to recover my losses.....

THATS A VALID POINT BALJEET

AND NEVER DO NAKED OPTIONS

I DONT LIKE RED COLOUR EVER...I LIKE ONLY BLUE....SO I CHANGE BLACK COLOUR FRM RED...

YOU MEAN BALCK AND BLUE

dipaji what is atp?

YES ALWAYS

Thanks Dipa Mam for sharing personal experience of RED & BLUE, it gives the broad idea about the direction of the market.

DA...what happened is i got much impressed with the Mudra members...the first day i got a excellent call on nifty and i got carried away. B4 this i was writing on Trader bhai, but due to bad admin trader bhai has become porn bhai .Anyway  i am finding good friends on this site and more happy to note genuine friends on this site. I wish all the success to the Mudra team and its members...

can anyone explain me what is atp?

RM....Its Average Trade Price....and u will get this on ur trading terminal

thankyou baljeet sir

Yes Dipa I am fully agree with you. I track the market by keeping the order of Nifty fut, RIL, ONGC, INFY, LT, ICICI bank, Rel capt.SBI if you keep all these counter on the screen you can easily identify the trend of the mkt and as per that we can trade.

dipa ...i call this a trading trick to catch the trend ....i hve a quiry about this ...plz clear how long we watch more red or more blue for a successful decsion .

dipaji....GOOD INFORMATION..from u...thak u.

I track nifty chart in Yahoo finance fr 5, 20 , 50 minutes real time and frm this I get clear idea abt mkt trend Idon't get levels frm this.but clearity of trend.One more thing Inoticed if in line chart if nifty makesshape of M mkt goes down If if make shape of W IT GOES UP .KEEP WATCH BUT SHAPE SHOULD BE CLEAR M AND W .

Harsha has hit the bulls eye with Yahoo chart. There is a quite successful theory with Yahoo 5 Mts line chart. From top watch the first down leg line, it will be a slant line in downwards direction. Watch for the second leg, which should be a retracement in up direction. This second line should close well below the starting of first line. Now the third line should start forming again in the downward direction, as soon as it crosses the first line closing lower point take short sell call (It is better to wait till one is sure that the third line will close below the lower point of first line). Similar strategy to be adopted for taking a buy trade from bottom. In the starting if you have taken the trade before the closing of third line, please exit if it closes above the lower point of the first line. In general do not take trade on the fifth line, always take trade on third line itself. It works 80% of the time successfully. People who are aware of Fibonacci retracements take advantage of 5 mts chart very effectively.

TO FOLLOW YAHOO CHARTS IS ONLY FOR THOSE WHO KNOW ABT IT. BUT NEWCOMERS DEPEND ON MUDRAA.COM FOR GUIDANCE AND ABOUT EXPECTED BOTTOM AND TOP OF MKT IF THEY WATCH RED, BLUE AND LTP ATP OF INDEX MOVERS THEY CAN FOLLOW THE MKT TO CERTAIN EXTENT...WHEN THE MKT WILL REVERSE OR REACH TOP ATP WILL BE CLOSER TO LTP AND IN CASE OF A FALL ATP WILL BE MORE THAN LTP AND VICE VERSA. SUCCESSFUL CHART READING TAKES YEARS. WHAT DHEERAJ SAYS IS VERY MUCH TRUE.... AND ONE MORE THING TO ALL MEMBERS PLEASE CUT THAT ""SIR, MADAM"" STUFF. LETS TALK LIKE FRIENDS AMD AS A TEAM.

HELLO DIPA I WANT TO MAKE U MY GURU ARE U AGREE.

YES ANITA IT WILL BE MUCH BETTER/EASIER TO BE A FRIEND THAN GURU