Monday, May 17, 2010

Nifty at target 2.

I'm booking out of my  intra longs at 5072.

My day is over.

9 comments:

subrat said...

thanks shai,pls post regularly about yr trade as per market profile

veer said...

Dear Shai,

Excellant analysis. Have you arrived at the target of 5070 on some basis - can you pls share the same with us.

Regards,

Veer

mo h said...

hi shai,
fantastic, the way the price played to MP, and viren's weekender, and your tracking thro today.

was not in market, seeing this now only.
the impact is great ...
plz keep up the live posting whenever time permits.
with regards

Shai said...

Veer,

5071 represented the top of the (invisible)selling tail seen this morning when the market opened.In lay man's terms it is called "gap".But in MP it has it's own inference.

When the pendulum swung to the buyer above 5023, they would certainly look to cover this low vol region.Hence the trade.

Shai said...

Mok, Subrat,

:)

It's my belief that Market Profile is the cutting edge!!

Anisha said...

Hi Shai,
Can you please give me the link or explain me how your method works with respect to price and volume. I am a newbee and would like to learn from you people. Kindly advise.

Cheers,
Anisha

Unknown said...

Dear Shai & Viren,
Gr8 going.Good for small traders like us.Can u plz post daily MP levels on the blog.
Thanks & regards

veer said...

Dear Shai,

Thanks for the explanation.

Regards,

Veer

INDITRADER said...

Shai a very good onr from Ur side.
But Plz explain more on Market Profile still not compltly understand.
I also mail Viren to explain me more details but till no reply.