From : Dipa Acharya at 10:51 AM - Jun 27, 2009(32 months ago)
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MANY OF THE MEMBERS MAY LAUGH AT IT.... BUT THE BELOW MENTIONRD FACTS DO HELP A COMMON TRADER TO TO RECOGNISE THE TREND, IF IT IS UP OR DOWN. I HAVE SEEN THIS WORK MOST OF THE TIMES. JUST CHECK THIS OUT ONCE.
THOSE WHO USE A TRADING TERMINAL MUST BE FAMILIAR WITH TWO COLOURS RED AND BLUE.
RED IS SEEN WHEN THE PRICE OR THE FIGURE SUCH AS LTP.OFFER, BID BUY/SELL QUANTITY CCOMES DOWN
BLUE IS SEEN WHEN THE PRICE OR THE FIGURE SUCH AS LTP, OFFER, BID BUY/SELL QUANTITY GOES UP
THESE COLOURS KEEP ON CHANGING FROM RED TO BLUE AND BLUR TO RED THROUGH OUT THE SESSION. I HAVE OBSERVED IN A FALLING MARKET YOU WILL SEE MORE RED THAN BLUE AND IN A RISING MARKET MORE BLUE THAN RED. SOME MAY LAUGH AT IT. BUT YESTERDAY IT WAS ALL BLUE I MEAN I SAW MORE BLUE THAN RED AND YOU KNOW THE RESULT. THIS IS MORE LIKE A THUMB RULE. ADD RIL, ONGC, SBIN, BHARTI, ICICIBANK, INFOSYSTCH AND SOME OTHER INDEX MOVERS AND SEE HOW RED AND BLUE PLAY. ESPECIALLY WATCH DURING TREND REVERSAL INTRADAY. AT LEAST IF YOU SEE ALL RED IN THE SCREEN, DO NOT GO FOR A BUY. AND PARTICULARLY WATCH LTP AND AVERGAE PRICE
VIEWS OF MEMBERS ARE WELCOME.
THE ABOVE IS FOR INFORMATION PURPOSE ONLY
DEEPA ACHARYA
In Reply to above Message (21 to 28 out of 28) -- Latest Replies are put on Top
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.....
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