A good trader is a one who can make money consistently over a longer period of time. But how to become one such trader, who can make money in any type of market condition? A good trader keeps a close watch on the current information of the market and assesses it for change against previous information. You see current information through an Order Flow chart.
Order Flow can show how a collection of market participates has acted in the past and this helps to create profit by knowing if these traders are profitable or caught upside down.
NF
NF (Nov)
BNF
BNF (Nov)
Room Chat
08:48 Vtrender Live : (08:48) Vtrender Live: 30 min charts – https://global.gotomeeting.com/join/631667261
09:37 Shai : (09:24) Shai : test of 11804 coming
09:38 Shai : (09:37) Shai : Intra – Keep an NF short open below 11799 sl of 11828 tgt 11760
09:46 Shai : (09:46) Shai : exit the NF shorts 11815
10:16 Shai : (10:16) Shai : BNF part book 29975 F
10:20 Shai : (10:20) Shai : Intra – Book fully BNF 30000
11:06 Shai : (11:06) Shai : Intra – Buy NF 11829 sl of 11801 tgt 11870
11:50 Shai : (11:50) Shai : NF 11847 book half here and ride some at cost
14:49 Shai : (14:48) Shai : Intra – Buy BNF 29955 sl of 29840 tgt 30099
15:17 Shai : (15:17) Shai : Exit the BNF at cost 29963 – is a non mover
08:48 Vtrender Live : 30 min charts – https://global.gotomeeting.com/join/631667261
08:51 Shai : GM all
08:53 Chandrashekhar : GM all
09:04 Boppanna : GM Shai & all
09:06 Shai : 11804 ref line for the open. if we stay above we go above yesterday highs for a probe in the IB. Mostly the probe should meet RS. let’s see
09:06 Shai : below 11804 down to 11760 again
09:06 Shai : 29000- 29020 ytansition zone the ref in BNF
09:07 Boppanna : 29900-29920?
09:10 Uttam : Good Morning All 🙂
09:12 Shai : https://vtrender.com/market-profile-analysis-dated-29th-october/
09:15 Uttam : freak highs at open in both, RM’s markers
09:19 Boppanna : Low right there 100+ from there 09:07 Boppanna : 29900-29920?
09:19 Uttam : Nifty Spot also has a fresk OH
09:22 Govind : battle at 30k?
09:24 Shai : test of 11804 coming
09:33 Shai : and here – (09:24) Shai : test of 11804 coming
09:33 Uttam : +100
09:33 Boppanna : +1
09:33 Shai : 11800 call 66 to 54
09:34 Uttam : IS on 5 mins forming at 11822
09:34 Uttam : but some late reds coming here
09:35 Uttam : 1.2L geen
09:36 Uttam : roll Shai?
09:36 Uttam : 60k in BNF at 29850
09:37 Shai : Intra – Keep an NF short open below 11799 sl of 11828 tgt 11760
09:39 Shai : RS came to plan – (09:06) Shai : 11804 ref line for the open. if we stay above we go above yesterday highs for a probe in the IB. Mostly the probe should meet RS. let’s see
09:44 Jitender : no vut in personal itax…news on tv
09:44 Jitender : source based
09:44 Jitender : *cut
09:45 Shai : 🙂
09:46 Jitender : 🙂
09:46 Shai : exit the NF shorts 11815
09:50 Boppanna : BNF Morning Plan was a test of trend day vwap test if fails to hold 900-920 and expected at least a 60+bounce from there with SL of 40 both played to the T…All learnings from from VT experts:)
09:52 Shai : Intra – Buy BNF abv 29920 sl of 29840 tgt 30090
09:52 Uttam : NF for 11863 & 1895 looks like
09:55 Uttam : super Bops 🙂 Congrats
09:58 Boppanna : thx Uttam…have a feeling that BNF might oscillate 100+/- around 29900-920 for some more time before the next move
10:00 Jitender : +1 BoPs
10:01 Shai : +1- (09:50) Boppanna : BNF Morning Plan was a test of trend day vwap test if fails to hold 900-920 and expected at least a 60+bounce from there with SL of 40 both played to the T…All learnings from from VT experts:)
10:06 Jitender : vix up
10:07 Prakash : no screen
10:07 Upendra : Yeah, here also
10:10 Santhosh Kumar : pls screen
10:12 Chetas : i dont see the data, any else has the problem?
10:13 Santhosh Kumar : s,no screen
10:13 Sabarish : no screen
10:14 Uttam : 2.9L green on 30mins
10:14 Uttam : watch the GoToMeeting link guys
10:14 Uttam : till the room charts are back
10:15 Shai : charts back
10:16 Uttam : 2.3L green we had on 5mins Shai?
10:16 Shai : BNF part book 29975 F
10:16 Uttam : 9:50 bar?
10:16 Shai : yes
10:17 Uttam : thanks Shai,
10:19 Uttam : boom boom
10:20 Niraj : next resistance for banknifty
10:20 Shai : Intra – Book fully BNF 30000
10:23 Shai : BNF got new vols for 30140
10:27 Uttam : 30000ce 50% booked from 190 to 267
10:27 Boppanna : Nicely played Uttam
10:28 MJ : Congrats Uttam.
10:28 Uttam : thanks Bops & Mihir, looks like more to come though
10:28 Uttam : TSL at cost no
10:28 Uttam : now*
10:36 Uttam : 11800 OI crossover happening
10:41 Boppanna : Shai BNF looks done or 100 more?
10:43 Boppanna : Sorry Ignore10:41 Boppanna : Shai BNF looks done or 100 more?
10:43 Prakash : @Shai, any long trdes in NF from here..
10:50 Niraj : sir can we look for a pull back
10:51 Niraj : to down
10:51 MJ : 87k reds 11852.
10:55 Shai : 11804 sl for 11876 – (10:43) Prakash : @Shai, any long trdes in NF from here..
10:55 Shai : waiting for RR to get better
10:57 Prakash : got it Chief
11:03 Niraj : rr ?
11:03 Prakash : Risk-Reward
11:03 Niraj : ok thanks
11:06 Shai : Intra – Buy NF 11829 sl of 11801 tgt 11870
11:10 Vijay : charts need refresh not updating?
11:11 Shai : stopoped at 30130- (10:23) Shai : BNF got new vols for 30140
11:11 Shai : should be a buy again near 29920
11:12 Uttam : refresh once at your end Vijay
11:12 Vijay : ok
11:12 Uttam : 11k red stuck in BNF at lows
11:12 Uttam : on 5mins
11:18 Boppanna : dipped till 950 11:11 Shai : should be a buy again near 29920
11:19 Shai : how is your 30000 ce today in the same zone?
11:20 Boppanna : 250-260 zone still resisting
11:21 Boppanna : 30Kce/pe straddle also still going down
11:21 MJ : 11835 – 11841 CD period poc. Get it out.
11:29 Boppanna : Uttam you still holding 30Kce?
11:30 Uttam : no Bops exited rem at 222
11:30 Boppanna : ok cool
11:32 Chetas : “o ” att top means selling? i want to understand this
11:33 Chetas : i notice zeroes at top/bottom gives easily 15-20 pts a
11:33 Shai : end of a mini auction within the 5 mins
11:33 Shai : not valid if 5 mins is crossed
11:33 Chetas : ok
11:37 Boppanna : Bank Nifty Spot today’s high right at the upper BB
11:47 Uttam : 11800ce OI seeing a drop
11:50 Shai : NF 11847 book half here and ride some at cost
11:56 Shai : 11850 ce pe short at 94 sl of 121 for day tgt 45
11:56 Shai : https://mplite.vtrender.com/?symbol=O_NIFTY11850PE20191031_NIFTY11850CE20191031&tf=daily&tpo=2&isComposite=0&ivp=1&sp=1&startDate=&endDate=&nDays=8
12:02 MJ : 11889 1.5ib
12:08 Shai : (11:06) Shai : Intra – Buy NF 11829 sl of 11801 tgt 11870- (11:11) Shai : should be a buy again near 29920
12:09 Shai : By the end of Nov I am confident all of you would be able to pick up such trades easy by following the charts here
12:09 Uttam : _/\_ Shai
12:09 Shai : it’s just a read off the charts
12:09 Uttam : RE coming in NF looks like
12:10 Shai : begins with a right perception followed by an accurate expression and all your trading issues would be sorted
12:10 Uttam : waiting eagerly for the Bangalore workshop Shai 🙂
12:11 Shai : The new structure of the Trading Room from Nov 1- https://vtrender.com/trading-room/
12:12 Shai : I’m ready to elevate this to a higher level- see you there
12:12 Chetas : Congrats Shai !!!
12:13 Govind : Same here….12:10 Uttam : waiting eagerly for the Bangalore workshop Shai 🙂
12:13 Shai : Bangalore would be a rocking one – am looking forward to it
12:14 Shai : we have several high profie twiterrati – some accomplished gurus alrady signed in for Nov 23/ 24
12:15 Uttam : oh wow 🙂
12:16 Govind : Great!!
12:17 Govind : Subhadip told me he will be attending your Mumbai workshop
12:17 AmitN : Looking forward to it and to meet you and Uttam _/\_
12:17 AmitN : in Blore
12:17 Uttam : same here looking forward to meet all the VT family members 🙂
12:18 Uttam : NF going for 11895 looks like
12:18 Uttam : 863 almost done
12:18 Jitender : congo n +100 Shai
12:18 Uttam : (09:52) Uttam : NF for 11863 & 1895 looks like
12:18 Uttam : NF high 11863
12:20 Shai : see you there – (12:17) AmitN : Looking forward to it and to meet you and Uttam _/\_
12:20 Shai : he conf for banglaore – (12:17) Govind : Subhadip told me he will be attending your Mumbai workshop
12:21 Govind : Oh cool, would be nice to see Dada again
12:21 Shai : you guys should be there – the cost is nominal. James Dalton charges 10 times or 300,000 for his program and he won’t speak on Orderflow at all
12:21 Govind : Yes Shai, I registered on the second day itself I think
12:22 Shai : with me – it is all on the table
12:22 Shai : won’t be a better place to learn everything in 2 days
12:23 Shai : I don’t believe in keeping secrets- all this is common knowledge- all the institutions know of this – you should too – It’s your edge
12:26 Bhavani : Yes.. Shai, We know that you would certainly do whatever you have told..!
12:26 Uttam : BNF can fill up the profile till 29975 & 29900 if does not make new highs here
12:26 Amit : @shai any chance will there be any recording which we can acces later?
12:26 Azmath : Highly recommended to all new guys here in Room.. one Session from Shai, your view of looking at markets will change.
12:28 Govind : 30095 has resited three times since 11;45am. 12:26 Uttam : BNF can fill up the profile till 29975 & 29900 if does not make new highs here
12:28 Prajwal null : i was fortunate to be in mumbai last time
12:28 Shai : No won’t be recorded- it’;s a live event – (12:26) Amit : @shai any chance will there be any recording which we can acces later?
12:29 Shai : +1- begins with a right percetioon in place – (12:26) Azmath : Highly recommended to all new guys here in Room.. one Session from Shai, your view of looking at markets will change.
12:29 Shai : perception*
12:29 Shai : without it you are lost
12:36 Shai : Move sl of the NF trade to 11844 F
12:37 Shai : was expecting 11870 F off the 11828 buyer – stoopped at 11864
12:37 Prakash : seems issue with 5mins charts
12:39 Uttam : 29989 so far (12:26) Uttam : BNF can fill up the profile till 29975 & 29900 if does not make new highs here
12:40 Uttam : 0s at 30030
12:41 Govind : Every dip is being bought Uttam?
12:41 Uttam : but looks like its the locals who are byuying the dips
12:43 Govind : FIIs probably waiting for the FOMC decision tonight
12:43 Shai : test of vwap required in NF- sl of 11859
12:44 Shai : 11828
12:46 Niraj : Sir how much time will be given for Q&A in training session
12:46 Niraj : Sir can we look for short now
12:48 Shai : this is a short per chart right price was 11850- (12:43) Shai : test of vwap required in NF- sl of 11859
12:49 Shai : it is interactive mostly, certainlly not a 1 way street- (12:46) Niraj : Sir how much time will be given for Q&A in training session
12:50 Shai : 11834- (12:43) Shai : test of vwap required in NF- sl of 11859
12:50 Shai : book
12:50 Chetas : bn did already
12:50 Shai : got 1: 1.5
12:52 Shai : 92- (11:56) Shai : 11850 ce pe short at 94 sl of 121 for day tgt 45
12:53 Shai : Now the so called smart money will start shorting this
12:53 Shai : below 90 momentum increases
12:57 Shai : That buyer is defending the 11828 zone nicley
12:57 Uttam : boom boom coming?
12:59 Uttam : ‘I’ period could give a good move
13:03 Rajesh : 11850 put 7 nov
13:04 MJ : +100 AZ, I am grateful to be a part of Shai’s workshop for 3 times, it is worth the time you spend with him, it changes the way you take trades, but honest and hardworking revision of concepts back in room is your effort that you have to put. (12:26) Azmath : Highly recommended to all new guys here in Room.. one Session from Shai, your view of looking at markets will change.
13:04 Azmath : MJ _/\_ +1
13:07 Manish : Shai can u pls explain abt the short straddle trade @11850? and how did u arrive at the SL of 121 and tgt 47 ?
13:10 Uttam : @Manish did you chekc this chart? (11:56) Shai : https://mplite.vtrender.com/?symbol=O_NIFTY11850PE20191031_NIFTY11850CE20191031&tf=daily&tpo=2&isComposite=0&ivp=1&sp=1&startDate=&endDate=&nDays=8
13:11 Uttam : that straddle has given a drive down today from yesterdays POC of 118 & tpday high is 121 with a tail at top
13:13 Uttam : 47 is the 2 IB objective of today
13:13 Shai : +1
13:14 Shai : That’s why Uttam is Uttam – he picked up all the concepts and the setups and even went ahead and refined the FA _/\_
13:14 Uttam : _/\_ all learnt & still learning here Shai
13:15 Manish : can we apply this logic on individual option chart ?
13:15 Shai : Go higher @Uttam- don;t let anything stop you
13:15 Uttam : Market profile works on all charts & all timeframes 🙂
13:16 Uttam : yes Shai, when you are there the direction will always be up 🙂
13:16 Shai : _/\_
13:17 Shai : MF llooking for 11870 plus
13:17 Boppanna : +100 13:14 Shai : That’s why Uttam is Uttam – he picked up all the concepts and the setups and even went ahead and refined the FA _/\
13:17 Shai : may spike to 11930 also into close if buyers show up abv 11870
13:17 Shai : 11825F sl
13:17 Uttam : bring it on Shai 🙂
13:18 MJ : Uttam, /\
13:18 Boppanna : Looks like text book behaviour in BNF after a trend up day so far …with a short term trend also up …early freakish high, followed by dip to trendday vwap check for buyers, who took back day vwap, pushed on to almost test freak high, unable to get past that spending time just oscillating around vwap all this while creating value up before the next move
13:19 Uttam : Bops, setting up for an explosive expiry tom?
13:19 Boppanna : Can manage to Close above this then yes 11:37 Boppanna : Bank Nifty Spot today’s high right at the upper BB
13:36 MJ : This time the rollovers are back to their t-1 slot to rollover their positions.
13:39 Uttam : exoected ‘I’ period to do this at the start but doing it at the close 🙂
13:39 Govind : Big fellas are here
13:39 Shai : done – (13:17) Shai : MF llooking for 11870 plus
13:39 Uttam : boom boom
13:45 Rajiv : Shai with BNF OI 30K PE still no tin favour where can one book NF
13:46 Shai : NF 11895 visible sl of 11855
13:46 Rajiv : Thanks
13:46 Shai : strict SL of 11855
13:46 Uttam : BNF could give a surprise into the close?
13:46 Shai : as oF is howing lons coming off
13:46 Shai : longs*
13:53 Boppanna : 30k straddle made an attempt tp break out but now down again13:46 Uttam : BNF could give a surprise into the close?
13:55 Shai : Longs out
13:57 Niraj : next support level
14:06 Rajiv : Shai all the red are liquidations now?
14:19 MJ : 70 mins to go. Will vwap hold in for the day or nope?
14:30 Shai : 11828 again a supp
14:31 MJ : These are things that help trade management so well. (13:55) Shai : Longs out
14:32 MJ : +1 chief.
14:33 Shai : 79- (12:52) Shai : 92- (11:56) Shai : 11850 ce pe short at 94 sl of 121 for day tgt 45
14:34 Boppanna : 30K Pe attempting a break out below 900 can test morning buyers?
14:35 MJ : 11814 out (14:19) MJ : 70 mins to go. Will vwap hold in for the day or nope?
14:36 Shai : 11810 sl for 11840- 7 point sl 11817 cmp
14:36 Govind : Back to dPOC now in both
14:36 Govind : ?
14:36 MJ : Lets get it Gov.
14:36 MJ : 🙂
14:36 Govind : +1 Shai
14:37 MJ : 56k reds on 30 mins. they might tumble at 11840.
14:39 Shai : Sl
14:42 Shai : thye greens coming now 🙁
14:42 MJ : Bugger went 2 pts down.
14:43 MJ : I took your 11804 ref 🙂
14:48 Shai : Intra – Buy BNF 29955 sl of 29840 tgt 30099
14:52 Shai : cool- (14:43) MJ : I took your 11804 ref 🙂
14:52 Shai : At least many of you were not shorting there
14:52 Shai : better if you were booking shorts ant
14:52 Shai : was the right place to cover or go long
14:52 MJ : +100
14:54 Shai : 90 to 74 – (12:53) Shai : Now the so called smart money will start shorting this
14:54 Shai : cover at 66 if intra only
14:54 Shai : the rest hold for 45
14:55 Uttam : +1 Shai
15:00 Uttam : 3:05 move coming?
15:05 MJ : dpoc close uttam?
15:06 Niraj : BUY BANKNIFTY CALL CAN BE CARRIED OVER IF SL NOT TRIGERED TODAY
15:08 Shai : No tom is expiry- won’t recommend
15:08 Niraj : ok sir
15:13 Shai : 73 tgt is 66 in 10 mins – (14:54) Shai : cover at 66 if intra only
15:13 Shai : run baba ran 🙂
15:13 Uttam : PE needs to drop premium then in that?
15:15 Shai : yes ce is 29, pe to drop
15:17 Shai : Exit the BNF at cost 29963 – is a non mover
15:19 Shai : CE started rising 🙁
15:19 Uttam : yep
15:19 Uttam : gap up tom?
15:20 Shai : yes something up
15:20 Shai : 34 is the buyer
15:20 Govind : Nice
15:20 Shai : Good close this
15:21 Shai : makes it bullish for tom
15:21 Shai : 11804 sl for 11930 F tom,
15:21 Shai : that CE 11850 just got some ammo
15:23 Uttam : good vols in BNF
15:23 Uttam : charts stuck?
15:23 Boppanna : yep
15:26 Uttam : dPOC in BNF shifted to 29971
15:26 Uttam : 30012 here
15:26 Shai : BN should expire above 29870 spot tom
15:26 MJ : Shai book out nf longs?
15:26 Uttam : 30k CE OI dropping
15:26 Shai : looking toi sell 29800 puts downwards
15:27 MJ : Just in two minds as expiry is there (15:19) Uttam : gap up tom?(15:20) Shai : yes something up
15:28 Uttam : 30k round figure
15:28 Uttam : dPOC in BNF
15:29 Uttam : looks like will be a good expiry move tom
15:29 Uttam : thanks All 🙂 have a lovely evening
15:30 Shai : Bye all
15:30 Shai : Have a nice evening
15:30 Boppanna : thx and Bye all