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  #21 (permalink)  
Old 26-06-2015, 12:51 PM
oilman5 oilman5 is offline
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There is another far superior group of traders, who r a big zero at first, then they understand market intricacy - proceed with objectivity- WHAT WORKS IN SHORT TIME FRAME WITHIN A DAY , RELATIONS IF SOMEWHERE GOES OUT, WHERE THEY WILL BE IN SIMULTANEOUSLY. use there programming skill ,test in past data then realtime data, then small size trade, and then they actual trade ,mostly intraday.
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  #22 (permalink)  
Old 04-05-2016, 05:47 PM
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A peculiar observation
...............................
Trading is journey normally from getting success to lower to Higher Timeframe. Predictability works better those who can do it.
Min is started with market maker -orderflow.
Lower time frame is better with momentum . Honestly upto 30 min bar momentum continuation is easy to play .
But from 1 hr bar( reason its available with EOD & i have studied with lots of combination) -some bias when its breaking also can be seen, -and if reversal at top of bar(bear attack ) -winning chance can be judged by trained eye.
Also Matter is excellently easy in EOD day bar. Biasness of holding or Breaking can be seen ,as they are forming, clears to choose BREAK OUT style. NOW pl understand market efficiency-mean reversion,what goes up must come DN,randomness- whatever u call, simple eye can detect std HOLDING at resistance ,then engulf to say -PRICE PREDICTABILITY.
So swing pt or pivot pt- how u may call it ,has its bias for MOB-make or break.
What i try to tell u 70% sideways range bound has different plan than other 30% up/DN day.Yes just SEE 5day bar as 1week,HIGH_low range. yes at high u can get breaking chance ,as well in range bound CLEAR holding chance.(so its my PIVOT)
NOW i add MONTHLY HIGH-low ,as visual pivot (VPH-VPL) - this pivots are exceptionally strong for holding ,pl use this bias.
Those who dont know as certain pt reversal trade is probability, -this will be an eye opener.
Similarly ZIG-ZAG tool which deals % TrendLine for big swing,another excellent bias, can be used with WRB(wide range bar)
.........................................
if u understand market structure,this is easiest way to trade.
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  #23 (permalink)  
Old 04-05-2016, 05:59 PM
oilman5 oilman5 is offline
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So i am introducing CONTINUATION vs REVERSAL - both the concept Pro.
With Time people more towards Reversal as they understand from Direct experience -pt of failure for Trend.
Weekly pivot is ok, but monthly pivot is stronger.
Market structure also to be put in CONTEXT. there are 4 context.
1] fundamental
2] news
3] trap
4] higher timeframe
Easiest is higher time frame.News to get success must be unknown before, and must have profitability inbuilt.
trap is for purpose(created by media/operator)-just play opposite what it tells.
Fundamental takes atleast 5 yr to learn, normally not everybody's cup of tea.
.....................................
WRB and GAP shows emotion ,pl observe and convert it to opportunity.In stock market TA, volume is cause ,see volume spike -its telling something.
Main thing is Support /resistance - how price is behaving in a particular context
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  #24 (permalink)  
Old 04-05-2016, 06:00 PM
oilman5 oilman5 is offline
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So i am introducing CONTINUATION vs REVERSAL - both the concept Pro.
With Time people more towards Reversal as they understand from Direct experience -pt of failure for Trend.
Weekly pivot is ok, but monthly pivot is stronger.
Market structure also to be put in CONTEXT. there are 4 context.
1] fundamental
2] news
3] trap
4] higher timeframe
Easiest is higher time frame.News to get success must be unknown before, and must have profitability inbuilt.
trap is for purpose(created by media/operator)-just play opposite what it tells.
Fundamental takes atleast 5 yr to learn, normally not everybody's cup of tea.
.....................................
WRB and GAP shows emotion ,pl observe and convert it to opportunity.In stock market TA, volume is cause ,see volume spike -its telling something.
Main thing is Support /resistance - how price is behaving in a particular context

Last edited by oilman5; 04-05-2016 at 06:01 PM. Reason: repeat post
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  #25 (permalink)  
Old 04-05-2016, 06:13 PM
oilman5 oilman5 is offline
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Most people dont know abc of trading(ya its true)
Assumption is key here.
Truth is 3 inbuilt quality - adaptability, risk management,visualization.
then comes risk/reward and high probability.

Real time scanning is useful only when u know -what to search.
Duality exists in market, be it bull/bear, risk/opportunity, trap/tips, trend vs range, continuation/reversal, swing vs break out, random event vs. predictable.
Most imp is i believe in stoicism (neutral controlled mind with objectivity)+ written habit
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  #26 (permalink)  
Old 04-05-2016, 06:14 PM
oilman5 oilman5 is offline
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Join Date: Mar 2009
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Most people dont know abc of trading(ya its true)
Assumption is key here.
Truth is 3 inbuilt quality - adaptability, risk management,visualization.
then comes risk/reward and high probability.

Real time scanning is useful only when u know -what to search.
Duality exists in market, be it bull/bear, risk/opportunity, trap/tips, trend vs range, continuation/reversal, swing vs break out, random event vs. predictable.
Most imp is i believe in stoicism (neutral controlled mind with objectivity)+ written habit
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  #27 (permalink)  
Old 04-05-2016, 06:30 PM
oilman5 oilman5 is offline
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Can i tell how it will behave ?
Ya certainly to make money out of it.
After watching some 20min i tell chance of up/dn/sideways.
No i can never say where it will close- but which side bull or bear has bias, and when it will be equilibrium and when they are reversing.
Their momentum , previous bias can be seen by any body. But if i know ,some way - who will perform today better than nifty , i can make money out of it.
Many a time they are not predictable, so i dont trade. (it protect my loss)
From anticipatory trader i slowly transform to Reactive one.
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