as mentioned previously , have not been trading overnight positions and happy with all the volatility and the massive intra day swings.

This is excellent for trading .

For the swing, of interest to me is the lows in #Nifty of today right at the channel of importance at 16980
There hasn't been buying in the #Orderflow for quite a while.

Was watching 17700 earlier last week and that did not show any buying.

This is a snippet from our room
we traded with a negative bias below it all last week
and today at #17240 there was no buying in the tape again , so that 3rd level became a reality
I'd like to see this above #16240 for a bounce to sustain , but the short move even on intra day is stretched now and if you are trading short now abv 16980 you may go under the bus once

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More from @Am_Shai

Jan 24
A lot of #OpenInterest traders will look at the high #OI of today in Futures

The #Nifty F addition was 30458 contracts, a high for the series of Jan

The #Banknifty futures addition was 6265 contracts today, not a high but big.

A quick thread on why this is a half- truth.
The futures market of today is just a fraction of the Options market.

Any day the options market beats the Index Futures 100 times & easy.

So if you are only looking at Futures Open Interest , you are reading just 1/100 th of the market
The entire market is not just divided between 4 players

a) FII's
b) Pros's
c) Retail
d) DII's

but is also hedged completely

So a long F in NF is with a short call as a pair.
Another reason you should not focus only on Futures OI
Read 12 tweets
Jan 11
A lot of people watch the #SGX pre and post close , and I know whatsapp and telegram groups are always focussed on the #Sgxnifty moves post our close.

New guys think what happens on SGX gets carried to Nifty next day .

Misconception NO 1.
Most SGX traders are short term traders and capitalise and close gains within hours.

This is the reason you won't see a follow through at the open. They are fixated on the global front and if that changes they move out.

The added hours help them to do so.
You will see memes of a drunk woman at night and a sober lady in the morning for SGX justifying the moves which took place overnight :)

A little bit of fun does not hurt

Reality -Open opportunity was closed in huge profits by funds who show up next morning with big big smiles
Read 7 tweets
Jan 8
It's the weekend and time for a thread.

I would like to share my views on #Trading and #Investing.

I see a synergy in the 2, fully aware that there are radical and often polar opposite views for both trading and investing.
Most traders diss investors and most investors do not think kindly of traders.

Investors talk in terms of wealth creating and urge you to invest savings etc in investing. Those who do so end up with the "good life" at 65-70 with no friends to share the riches with.
Traders on the other hand are constantly working for that extra few percent every month.

You cannot be wealthy, till you can make money whilst you are sleeping also.

Leveraging creates wealth.
Read 20 tweets
Aug 28, 2021
It's the weekend & I'd like to share with you a money making strategy in the #MarketProfile approach to trading the markets

And No ! I won't ask you to grab a cup of coffee & read this

Weekends are for more than coffee :)

But do take notes. There is a definite edge in this
First and foremost, to all who are new to the #MarketProfile- (MP) is a robust system of trading which involves Price, Time + Volume- 3 parameters

All 3 together, hence a bigger edge to us as traders

You can start reading about the #MarketProfile at - vtrender.com/what-is-the-ma…
The strategy we are going to look at today is called the Initial Balance strategy

The name is important

What's in the name?

Lots! & the game too

The Initial Balance is the first 60 minutes of trading. Now you understand why we use the word Initial .

But Why 60 mins?
Read 17 tweets
Aug 26, 2021
#35500 call #dukaan

sl at 185 tgt 310
265 bookd half
#BNF #Orderflow was clean and long from the open.

My long view from 09.30 am
The entire trading room was long and no one picked shorts as #process was clean for us Image
Read 6 tweets
Mar 14, 2020
I work with candle sticks also. They are present in all my #Orderflow charts  and I have them plotted to the left of my charts .

This disclaimer to all who think I do not use candle sticks and bars.

I repeat they are present in all my charts, even my #Orderflow charts.
But for intra-day , if you are using 5 mins and 15 mins or even 30 mins and using them to make decisions, you are at a big disadvantage.

Allow me to explain. I'll take a few minutes
Candles give us the Open, High, Low ,Close. We call it OHLC.

- 4 parameters to make trading decisions out of.

Then the relation between the open and the close and the shape it gets decides

a) the color of the bar
b) Bullishness or bearishness

Would you agree?
Read 15 tweets

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