Janak Said :
Dear Shai, Viren, Girish,
Today – I thought I learnt a revealation about market profile. No matter – how much market slides, it will go back and touch the white line and maybe VWAP – it was around 3 pm and shai was discussing abt. some stock – BN made a sharp upmove from 12140 to 12192 – i was just thinking to take that trade and missed it because the screen was not available 🙁 and immediately after that intraday closing was over at 3.12-3.13 – BN again made a move of 12182-12140 – ……..
1). Congrats for such a sureshot winner of the method. For few days, i think you will still have to guide us to take such sharp trades but I think if we follow this religiously – we can surely earn 50-100 pts daily in BN.
2). There must be a way to keep the market profile available even when you are discussing other stocks (which is also good as everyone has a query for some stock) – and I think a “password protected” dedicated weblink for market profile is one of the solution – so that evenif you don’t have that page open on your desktop – we subscribers can keep it open all the time – i wish to take many small trades in BN, NF – today, I managed 4-5 small trades in BN in between. But would fine-tune my skills in that if the profile is available all the time.
3). NF moved from 5945-5275 twice in those last 1 hour and BN made 3-4 moves from 12140 to 1265, 12160 and 12192 – i keenly observed these movements and concluded that if the skill is fine-tuned, one can take many such trades in the day time and easily manage 50-100 pts in BN.
September 23, 2010 6:45 PM
Shai Replied :
Your concerns about the charts are well noted.
It was my objective to bring live charts to all, which you could interpret with the best tools available.
I understand that any break would nullify the stated objective.
We have options, but at the moment are constrained to operate within our Limitations.
We will try to do exactly 45 min audio sessions for stocks at prescribed timings.
The above are important as swing trading is as important as day trading, and we are looking to develop ourselves as traders in all aspects.
Besides the larger TF in Ami Charts helps to detrmine the trend for the day.
September 24, 2010 11:26 AM
To summarize :
We will look at stocks in the afternoon session only.
Audio sessions will run for 45 mins exactly.
No changes will be done to the main page during the day trade session when Shai is not on.
Please note our timings again :
Vtrender Morning : 9.45 to 10.30 am
Vtrender Day : 11.45 to 12.30 pm
Vtrender Afternoon : 2.45 to 3.30 pm.