Thursday, April 28, 2011

Desi MO (McClellan's oscillator for NSE) for 28th April 2011

17 comments:

r m said...

@Shai

Girish's VWAP AFL works in conjunction with MP AFL. So I have shown the monthly POC too, hope it is not information overload!

r m said...

On second thoughts I should hide the POC. Since EOD data is used, POC calculation would be wide off the mark.

Shai said...

RM,

The POC is important. I'll check the data from the chart with the data I have .

I should compliment you for the chart, because in one chart you have given an excellent depiction of market generated info.

1) a rising poc is an uptrend
2) a rising vwap confirms it.
3) the McClellan is on money management or risk-reward, tells us when the risk is increasing for long/ short positions.

Congrats the chart is a 'work of art' !

r m said...

Thanks Shai.
:">

manu said...

now desi MO gets copyright to RM..

:)

r m said...

Hi manu
I can always lease the copyright to you. :)

manu said...

rm..another way to earn money at v2

sunblock said...

Applicable preparation
after lots deliberation.
Congratulations.

r m said...

@sunblock

Thanks man though congratulations are a bit premature. Manu is yet to write the cheque for the lease!

Janak said...

shai, i request u to propse "highly dangerous" trades for first 5 minutes in mkt. - you can keep a warning "high probability high risk trades - not compulsory" - as in the first 5 minutes - there are some violent fluctuations but if you study them with ref. to the previous day's close - they all make lot of sense....we can ill-afford missing such trades.....

Shai said...

Janak,

Trades in the first 5 mins of the day can only be taken based on a very good plan, knowing imp demand supply zones.

I suggest a careful study of V2 prior to open, as the levels are matching up during real time action.

Case in point are yesterday's morning highs and lows of 5823 and 5785, both of which were given at v2. A quick trader like you would have ensured profitable returns even in the first few mins!

sunblock said...

@ r m
If manu not gives cheque,
r m gives manu not "MO" but "OW"
Then he gives r m "I OW U"

Janak said...

shai, based on Friday's close - what possible trades you propose in first few min. on Monday morning? sell at open in BN? i wish to take one such trade exactly after 15-20 sec. of the opening - don't worry - risk is all mine. Friday - in the first 1 minute - i took 740-765 a sharp trade in BN - what i missed out was to short again at 770 as that was the mkt. all day - sell on rise - confirmed by the red OF - and I kept forgetting this all day - sell on rise, sell on rise.....but i want to refine this now onwards

Shai said...

Here are some levels as per open price ( if it is flat) :

1) above 11540, u get 11580 and 11625

If gap down goes below 11452, you may get 11405 and 11366.

Further selling during the day will bring 11280/ 11250.All Fut prices.

Janak said...

thanks shai - i am definitely going to watch out for these levels

manu said...

hi janak..
y i didnt read ths before 9:15
:)

Shai said...

New post. Sample notes from V2