Friday, 9 September 2016

9 comments:

  1. Hi Dave,
    What is your thought process for Trade 1 on consolidation before DP

    ReplyDelete
    Replies
    1. Anand

      There were some clues in yesterday's price action. Prices kept on moving up with less volume yesterday which gave me an impression of retail traders getting too much active. Now today it opened gaped down and just halted at PDL/NSBRN. Prices just remained around the level and did not give a rejection from the level.

      These clues were enough to take that trade with small risk.

      Trading is all about reading the markets, reading the prices and aligning our thought process to it.
      URD

      Delete
    2. Thanks dave...so if price moves without sufficient volume then chances of price holding the level less

      Delete
    3. Anand

      If the trading is so easy, why 95% of the traders fail? So be prepared for the fact that it is not easy. In trading, it is not always 1+1=2. The thought process that involves in Trading is very complex. We need to put all the different things together and then come to a conclusion. It is like solving a puzzle.

      Send me a mail requesting an access to the Volume video and I will give you a free access to it. It will help you understand how to trade using Volume in intraday.

      URD

      Delete
  2. Sir,
    have u taken any trade yesterday? if no then any specific reason for no trade

    ReplyDelete
    Replies
    1. Prakash

      I am a day trader but it does not mean I am able to trade every day.

      Try to learn the reason behind the price moves rather than focusing on day to day setups.
      URD

      Delete
  3. Sir,

    Also "Prices kept on moving up with less volume yesterday which gave me an impression of retail traders getting too much active."
    How u consider yesterday volume is less..Also if possible kindly do post daily ur morning view on nifty atleast before market open

    ReplyDelete
    Replies
    1. Prakash

      I am giving you a task. Have a look at last few days 3-min chart and try to assess yourself the relationship between price and volume. Look at the volume whenever the Nifty was going up 20 to 30 points. Then compare all those moves and volume. After that go back to the week and do the same assessment once the prices broke out 8700. Then again compare and share your assessment with the chart with all of us.

      Regarding Premarket post, I thought nobody was interested in it as I did not receive any feedback. It is very disappointing to learn that readers are not believing in sharing the posts through twitter, Facebook, Google+. Most of the readers even fail to appreciate or acknowledge the efforts. The only way any reader can show his or her appreciation, affection towards the blog, or even criticism is by commenting and sharing it on social media as much as possible. But to sheer disappointment that is not happening.
      URD

      Delete
    2. Sir,

      I will try to do in weekend , Regarding premarket view kindly post ur view.

      Delete