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  #21 (permalink)  
Old 31-08-2010, 07:41 PM
no1lives4ever no1lives4ever is offline
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This is today's chart. Data for today has been updated from nseindia.com using data that is used to display the TAMELite charts.



Here is my attempt at reading today's chart.

The market opened below yesterday's value area. It traded down and based on the POC, sellers were dominant in the market. At the later part of the day, there was some buying, but it was still not able to penetrate the VAL of yesterday.

-- no1lives4ever
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  #22 (permalink)  
Old 31-08-2010, 08:27 PM
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No1, so what to expect next day
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Old 31-08-2010, 08:40 PM
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I was wondering if CV would say - 'the bias for the open tomorrow is up' Think he would.
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Old 31-08-2010, 08:41 PM
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Originally Posted by no1lives4ever View Post
This is today's chart. Data for today has been updated from nseindia.com using data that is used to display the TAMELite charts.



Here is my attempt at reading today's chart.

The market opened below yesterday's value area. It traded down and based on the POC, sellers were dominant in the market. At the later part of the day, there was some buying, but it was still not able to penetrate the VAL of yesterday.

-- no1lives4ever

Notice the single print as well with rejection at lows and rally off it in search of value.
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Old 31-08-2010, 08:42 PM
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Originally Posted by kkseal View Post
I was wondering if CV would say - 'the bias for the open tomorrow is up' Think he would.

I wasn't basing my biases off MP.
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Old 31-08-2010, 08:44 PM
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Ok, but just to tally, is it up or dn for tomorrow?
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Last edited by kkseal; 31-08-2010 at 08:49 PM.
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  #27 (permalink)  
Old 31-08-2010, 08:51 PM
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Originally Posted by kkseal View Post
Ok, but just to tally, is it up or dn for tomorrow?

Didn't generate the biases yet, not focused on Nifty much these days.
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  #28 (permalink)  
Old 01-09-2010, 01:35 AM
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Originally Posted by edakad View Post
No1, so what to expect next day

As of now nothing.. still learning. Help from seniors would be really appreciated here..

-- no1lives4ever
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  #29 (permalink)  
Old 01-09-2010, 01:38 AM
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Originally Posted by Saurabh View Post
n1... trading is tricky in that way... 3 years of backtesting/preparation and things go up in smoke when it comes to live trading.

Will you start tracking ES similarly which you have no intention to trade?

IMHO you should only work on things which you can relate to real trading.

Saurabh,

Here the idea is to learn MP and the theory first. Practical use comes after that.

As for ES, the reason why I am using NF in this thread is that it is something that people other than myself can also relate to and learn from.

-- no1lives4ever
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  #30 (permalink)  
Old 01-09-2010, 02:36 PM
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Today's open said a lot, didn't it? (particularly if you add the 'virgin POC' theory )
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Last edited by kkseal; 01-09-2010 at 02:46 PM.
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