OrderFlow Charts and Notes 07/10/14

Bnf_Vol_At_Price_1 Nf_Vol_At_Price_1 Oct_Bnf Oct_Nf

 

 

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General Chat Transcript

 

Room Name: Vtrender
Date and Time: October 07, 2014 08:58:42

[08:47]   r m : Good Morning folks!
[08:47]   Porus : GM, RM
[08:49]   r m : Hi Porus
[08:56]   Amit J : gm
[08:58]   Sharad : GM all
[09:00]   Manik : gm rm ,porus,amit and sharad
[09:01]   Sharad : USDINR opened strong at 61.70
[09:01]   Sharad : so no major sell off in nifty
[09:16]   r m : Hi Manik
[09:22]   Sumit : gm everyone
[09:28]   r m : bnf into 80%
[09:28]   Rahul G : hello all GM
[09:28]   Rahul G : thanks rm for opening the room
[09:29]   r m : @Rahul, welcome, it was already opened by Shai in his “Vtrender Live” avatar 🙂
[09:41]   Sumit : rm, any conclusion for pink-green OF trades that you were studying, or still need more data?
[09:41]   r m : ultra narrow value areac covered by BNF
[09:43]   r m : http://tinyurl.com/smallOF
[09:44]   r m : @Sumit, i have just compiled from 12th Sep so far, i think data base is too small to analyse
[09:45]   Sumit : very nice. thank you
[09:46]   r m : but one thing is easy to find that all those instances which gave more than 40 points did not have adverse extension beyond -32, so perhaps one can quit part position beyond -32 point and quit the balance at a more advantageous price
[09:49]   r m : Signal reversals are noted only for those signals which happened above vwap (longs) or below vwap (shorts
[09:51]   r m : NF found sellers at 7970
[09:52]   Sumit : in the long term, it is positive but too many trades in short time. the max favorable for part booking are good numbers. overall, good number of points
[09:52]   Sumit : thanks rm. will study this more
[09:54]   r m : Thanks Sumit, my impression is that it should be traded with many parts (four lots or more) with staggerred booking after pre-fixed points or ref levels, because for big movements price swings back a lot before reversal signal comes
[09:59]   Sumit : yes
[10:00]   Sumit : 158 trades in less than a month are too many.
[10:01]   r m : most of them are on the adverse side but still too many trades
[10:02]   r m : may also need filtering out the trades where price hovers in a 40-50 point band around vwap
[10:02]   Sumit : 2462 +ve vs 975 -ve. thats like 1000 points in less than a month 🙂
[10:03]   r m : lol
[10:03]   r m : poinits are there but needs smart management to reduce the costs and slippages
[10:04]   Sumit : sorry, its 5100 +ve and 3079 -ve.
[10:04]   r m : 7927 is the target below 7956 as per hypo 1
[10:12]   r m : both going down on positive delta!
[10:57]   Sumit : delta near highs in both but still market going down. what it means?
[10:58]   r m : could be shorts booking profits, i am not very sure 🙂
[10:58]   r m : 7927 done – NF hypo 1
[10:58]   Sumit : thanks rm
[10:58]   Sharad : yes but very slow today
[10:59]   r m : yes
[10:59]   Sharad : not liking to do trade as delta very positive and price going south
[11:00]   Sharad : will buy above vwap
[11:00]   r m : yes, makes one uneasy with shorts
[11:00]   Sharad : yes no shorts … buy above dpoc and vwap
[11:59]   Manik : @rm BNF in no mood of moving abv vwap
[12:02]   r m : yeah, very reluctant customers 🙂
[12:03]   r m : maybe Europe open will give some direction
[12:04]   Manik : ok.
[12:06]   r m : @Manik, BNF seems to have accepted your vwap challenge 😀
[12:07]   Manik : patience pays 🙂
[14:39]   Manik : @rm 7902 is taken out, next support would be ?
[14:39]   r m : NF reaches 2nd target of hypo 1 as well, slow like a tortoise!
[14:41]   r m : 7841 spot was the low on 26th sep
[14:43]   r m : oct future low was 7897 that day
[14:44]   r m : http://screencast.com/t/LJHEO0Fi
[14:44]   Narendra : what is this vwap dotted line where nifty is trading currently
[14:45]   r m : 3 standard deviation band of vwap
[14:45]   r m : a profit booking or part booking point
[14:58]   Manik : @rm carry some puts for tomorrow ?
[14:59]   r m : delta is not suggesting any build up of shorts
[14:59]   Manik : ok
[15:00]   r m : S&P touched the low of 1920 while we were burning Ravana! http://screencast.com/t/HkHzB3xu7EEw
[15:01]   Amit J : best part is nifty extended 2x of IR but banknifty still above IR
[15:03]   r m : yes, on last trading day also BNF stayed inside IB
[15:04]   r m : we have IIP numbers coming up this Friday
[15:08]   r m : SGX Nifty made a low of 7827 on 2nd OCT
[15:09]   Narendra : in this holidays i guess sgx made low of 7786
[15:10]   r m : ok, on investing.com i could see only 7827
[15:13]   r m : sgx nifty on investing.com http://screencast.com/t/PVeCNJndftt
[15:30]   Porus : bye all
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:36]   Manik : @rm thanks and bye