Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

NAVEEVIa

Members
  • Content Count

    44
  • Joined

  • Last visited

Everything posted by NAVEEVIa

  1. All stocks are actively traded indian equities
  2. The Plan Setup 1. Reversal a. Distribution /Accumulation with lower high/higher low. Lots of volume with no price movement. Checklist a.1 Potl. BC/SC should not occur in a trending market a.2 Support/Resistance, trendlines should be broken on closing basis b. Price advancing/declining on very low volume with lower high/higher low formed & confirmed with lower low/higher high Higher high/Lower low on very low volume (Buying/Selling exhaustion). Failure to breach high/low. Trading Toolbox 1. Demand/Supply- what phase is the market in? 2. Trendlines, Demand/Supply lines 3. Support/Resistance ( Both intraday & before the open) 4. Price (Volume). 5. Refer lower timeframe chart for volume flow. Exits 1. Break of trend line 2. Lessening of momentum( trend lines fanning out). 3. Buying/Selling climax. 4. Higher low or lower high formed. Money Management Position size with 2% risk on trade, take next trade after moving stop to breakeven. Stop trading for the day at 2% loss
  3. ] here is a 3 day , 5min chart of SUZLON( a wind energy company) Please comment on the trendlines also , are they correctly drawn, how to draw trendline after breakdown below 224 level
  4. OK here the chart with a few annotations, as u said a number of times i have stopped focussing on individual bar Trend: Down as we have LRH & LRL with no no successful attempts for making a HRL, subsequently we have trendlessness .Now my question is since trend has changed from down to lateral & we are holding our shorts . How do we make sure that base is not accumulative. Naveen
  5. Another help is to draw a line parallel to the bottom of your price-and-volume graph so that only the busiest days show above your line. Note what happens on the busier days.Is the price up or down? What about the slower days? Again, price up or down? If the price rises on heavier volume days (though not enough to break out of the base) and falls on lighter volume days, the stock is most likely being accumulated. Or vice-versa if it's being distributed I read this in Whats a Chart file
  6. DB, when looking at a PV relation in a base to find out whether accumulation or distribution is taking place, why do we look for high volume on upsides or when at upper limit of base & low volume for downside in Accumulation & vice versa for distribution. Please refer the rectangle in chart attached from 10:35to 13:20
  7. IMHO utility maximisation works most of the time when we buy something for consumption whereas if i see a stock rising & if i buy, my utility is the ability to be able to sell at a higher price in future. So in a sense i am creating demand, Higher prices do attract attention of herd though
  8. Thanks for the tip I would appreciate if somebody here could help me out. If anybody saved that thread & can send it to me or post a public link here, that would be great help for those learning VSA( including me). That guy did lot of incrdedible work Cheers Naveen
  9. Anybody have the KPCurrency moneytec thread on VSA. i am unable to find it. thanks in advance Naveen
  10. charts from previous VSA tread are here http://www.4shared.com/account/dir/5826532/3e357bf1/sharing.html
  11. If anybody here want charts from previous VSA thread, i can upload them. I had saved all charts from all contributors till page 144 of that thread Just let me know Naveen
  12. Newbee here i am studying the methodology in original VSA thread & applying to my trading. Heres a trade i took for a measly profit Saw a No demand inside WRB, confirmed & went short( Note the ND bar did not make higher high & was an inside bar not buying bar i.e higher low & higher high, so i maybe wrong in first place) After the ND got confirmed went short & exited on circeld bar( thought it was test), volume was high on test but tawe trader mentioned in previous thread that for Futures test can have a higher volume. Now my question is how should one trail stops based on VSA. Some ideas given earlier were a. Trail based on WRBs b. look for VSA signals, e.g. if short look for No supply etc & move stops c. If strength/weakness does not appear within n bars then exit whats do u guys think on this Good Trading Naveen
  13. Hi everybody I am reading the previous VSA thread and do come up with doubts so heres one In One of posts PP asked a question: Why is a no demand within long shadow a better trade than no supply within range of WRB?( see attached chart) I have noticed that when there are tails when market is at new high/low PP annotates it as demnad or supply entering . So My guess is that if we see a long shadow at it represents demand/supply entering especially if price is into new ground on very high volume , if we now see a low volume signal there that reaffirms the previous supply/demand seen on shadows. Please correct me here. Another question we can have a no. of combinations of low volume signals in high volume area(WRBs) 1. No demand in dark WRB 2. No supply in white WRB 3. No demand in white WRB 4. No supply in dark WRB To me it intuitively seems that 1,2 are better candidates for trade since they reaffirm but i may be wrong here comments appreciated Naveen
  14. Nice Blog on MP I read the article & it seems the main idea he is saying is that one can have a fair predication of whether day will be two timeframe or onetimeframe based on 1. open type 2. open relative to yesterdays range/value area Till here I understand but after that his use of IB , ATR & normal range is not clear. It would be very helpful if after completion of IB itself one can have fair idea of possible daytype as he explains, Can somebody explain this thing Thanks Naveen
  15. Hi everybody, I am reading the earlier thread on VSA, i notice that PP has emphasized a lot about low volume signals like test/no demand inside the body of WRB or high volume area. It seems to me a WRB on volume profile will most likely show low volume on volume profile, MP will say Low volume areas to act as support/Resistance area , My question is can we use concept of low volume signal in high volume area on volume profile i.e. a test or no demad appears at the developing PVP? Anybody has any experience on that, Good trading Naveen
  16. I wil try on this , plz correct me if i am wrong Ans 1 Risk tolerance =2%*50000=1000 let SD be x ticks 1st entry long at 2nd SD , market moves down to 1st SD so loss = 1contract * x=xticks 2nd entry scale in 1 contract at 1Sd, market moves down to VWAP so loss =2contract* x =2x ticks, total = xticks above + 2x =3x ticks 3rd entry scale in 2 contracts at VWAP, market moves down to 1sd below VWAP so loss=4contract*xticks=4x ticks , total=3x tciks above + 4x=7x ticks at this pint risk tolerance hits so trader sells his 4 contracts. total commisions=4contracts * 5=20$ risk tolerance =7x ticks loss + 20$ 1000=7x*10(bcoz i tick is 10$) +20 x=14, so SD is 14ticks Ans 2 Let breakeven be y ticks above VWAP at vWAP previous loss is 3x ticks at y ticks above VWAP his profit is 4y ticks for breakeven 4y*10=3x*10+4*5 substituting x=14 40y=420+20=440 40y=420 so y =11 ticks so breakeven is at 11 ticks above VWAP
  17. Can somebody please advise me on this code. I am a newbie to Easylanguage. I am using this code on mullticharts Comments appreciated Naveen vars: vwap(0), pv(0), Totalvolume(0), Barfromstart(0), Squareddeviations(0), Probabilityweighteddeviations(0), deviationsum(0), standarddeviation(0); If date > date[1] then begin Barfromstart=0; pv=AvgPrice*volume; Totalvolume=volume; vwap=pv/totalvolume; end else begin Barfromstart=Barfromstart[1]+1; pv=pv[1] + AvgPrice*Volume; Totalvolume=Totalvolume[1] + Volume; vwap=pv/Totalvolume; end; deviationsum=0; for value1= 0 to Barfromstart begin Squareddeviations=Square(vwap-avgprice[value1]); Probabilityweighteddeviations=volume[value1]*Squareddeviations/Totalvolume; deviationsum=deviationsum+Probabilityweighteddeviations; end; standarddeviation=SquareRoot(deviationsum); plot1(vwap); plot2(vwap+standarddeviation); plot3(vwap+2*standarddeviation); plot4(vwap-standarddeviation); plot5(vwap-2*standarddeviation);
  18. Slow creep upward price action is difficult to trade under any circumstances. Jerry can u please explain why this is the case with respect to trading with market statistics.
  19. Hi Jerry, i have benn following your threads for about a week now & have gained more insight than all tomes i have read earlier combined. I was adviced to start with statistics & probability to learn about trading & its getting claerer now. Some doubts 1. You said about VWAP that it being a average the volume traded above & below shoild be identical, i take the word identical as equal here. So my question is , Is there a mathematical proof which says that for ANY distribution P[X>=E(X)] = P[X<=E(X)] i am thinking of VWAp as the expected value. 2. can this method be applied to stocks too. Thnx Naveen
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.