The sell signal got triggered below value area low at 11250 and clocked another 200 points in the Bank Nifty at the close.
The signal changing from blue to red marked the return of the seller !
Friday, January 7, 2011
Amazing BN- part 2
Here is the second part of what happened in The BN after my post at 12.40.
The sell signal got triggered below value area low at 11250 and clocked another 200 points in the Bank Nifty at the close.
The signal changing from blue to red marked the return of the seller !
The sell signal got triggered below value area low at 11250 and clocked another 200 points in the Bank Nifty at the close.
The signal changing from blue to red marked the return of the seller !
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4 comments:
My observation below are not as a critique but genuine.
1. If i compare the first chart you posted for time upto 12.40 with the second chart (for full day) there are deviations in the order flow lines. These need to be similar for time upto 1240 but they are not.
2. In the first chart at 1211 the pink line crosses the blue line - this pink is not crossing blue in the second chart at 1211.
3. at around 1240 in the first char there are only 3 candles between green and blue but in the second chart at around 1240 there are more than 6 candles.
I am unable to understand why these differences.
BB. I also would like to understand the money management aspect here as well. We were short at 11250. As day progressed this got threatened twice rather breached 11250 once. The pink-green line signal prompted exit at cost. How do we know whether to hold/follow the green-pink signal or the blue-red signal line.
Thank You
Alphabet 1,
Good Observations.
The charts are infact the same but from 2 different machines and 2 softwares, though the definitions are the same.
The one in the afternoon was posted from my "research" comp, as the main chart was busy projecting to our subscribers.
The one posted at the close is actually the one which our subscribers see live everyday.
...and on the money management, our advise is to trade the full signal by not looking at price action.
Some of our people also trade the minis with the Green-pink and Nifty with red blue.
You can also trade in 2 diff accounts.
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