*** Shai C, Welcome to the Vtrender conference room!
[08:49] Shai C: GM all
[08:55] r m: Good Morning folks!
[08:58] Pasi C: GM all
[08:59] Pasi C: Hi rm
[09:01] r m: Hi Pasi
[09:05] Shai C: a falt open expected
[09:06] Shai C: flat*
[09:06] Shai C: usdinr putting in a oversold bouce
[09:11] Shai C: Open drive in UsdINR
[09:12] Shai C: will put pressure on BN at the open
[09:12] Shai C: BN has been sideways for 2 days
[09:12] Shai C: watch VAL at 10495 and LVN at 10453 for weakness
[09:17] J C: GM Shai, RM, Pasi:-)
[09:17] Shai C: 5290 hvn and 5265 lvn on watch in NF
[09:17] r m: Hi JC 🙂
[09:19] Shai C: open in value and range
[09:19] Pasi C: BN sell?
[09:19] Shai C: shorts at 5333 in NF, buyers below at 5290
[09:19] Shai C: sell below 10453
[09:20] Pasi C: ok
[09:20] J C: Shai…wat time is the ECB thing today…
[09:21] Shai C: late evening
[09:21] J C: k..tx
[09:28] Pasi C: open type?@shai
[09:28] r m: OAIR
[09:28] r m: 🙂
[09:28] Pasi C: thx rm
[09:28] Shai C: expected 4.30 to 5.30 pm
[09:29] Shai C: first BOE and then ECB
[09:29] J C: tx Shai…
[09:30] Shai C: the usdinr rise was shorts covering quickly
[09:30] Shai C: profit booking actually
[09:32] Shai C: mkts should look towards european cues for a move today
[09:32] Shai C: If this mkt had to move by itself it would have done so yesterday
[09:33] r m: so we are in for another micro range 🙂
[09:33] Shai C: yes
[09:37] Shares Trader: GM ALL
[09:38] Kris 123: GM All 🙂
[09:38] Shai C: Gm guys
[09:38] Shai C: 5318 algo
[09:38] r m: Hi ST, Kris 🙂
[09:39] Shares Trader: hi RM n all
[09:39] J C: Hi ST, Kris….
[09:39] Kris 123: GM Shai, ST, Rm, JC 🙂
[09:39] Kris 123: Looks 5300CE+PE is written by Shai and his friends last Friday – and they are on vacation this week 🙂
[09:44] Pasi C: [09:38] Shai C: 5318 algo is this sell?@shai
[09:44] Shai C: Pasi as a rule open orders to be ignored
[09:45] Kris 123: @Shai – it is at open – so need not be algos – it could be sell at open popcorn guys! 🙂
[09:45] Pasi C: ok
[09:45] Shai C: a few 100 retailers panicking at the open can create algos 🙂
[09:46] Shai C: yes Kris the fast finger kinds
[09:46] Shai C: like u 🙂
[09:46] Kris 123: 🙂
[09:53] Kris 123: 9.55 – look for some IB extension in the next 20 minutes 🙂
[09:54] Kris 123: If it does not happen – be careful with shorts! 🙂
[10:07] Dr Bansal *: kindly display crude oil chart.
[10:07] Shai C: up on screen
[10:07] Shai C: crude inventories are in the eve today
[10:07] Dr Bansal *: thanks.
[10:08] Shai C: were not out yesterday
[10:08] Dr Bansal *: yesterday was national holiday in usa.
[10:12] Shai C: yes
[10:13] Shai C: 15 point IB
[10:13] Shai C: the larger direction from 4800 has been driven by bulls
[10:13] Shai C: hence the seller needs to do more than just choosing a spot to sell and sit
[10:14] Shai C: for a trend change
[10:15] Kris 123: [09:53] Kris 123: 9.55 – look for some IB extension in the next 20 minutes 🙂
[10:15] Kris 123: happened finally – even if by a few points 🙂
[10:17] Kris 123: @Shai – I remember looking at a black flag yesterday at 5330 – is it there?
[10:23] Shares Trader: it is Kris
[10:23] Shares Trader: @ 2.54
[10:25] Kris 123: thanks ST – helpful 🙂
[10:38] Shai C: 40 point range in NF for 3rd day now
[10:39] Shai C: diff to get an IB extension
[10:39] Shai C: BOE will boost QE today
[10:39] Shai C: ecb will cut rates
[10:40] Shai C: that's the expectation in the mkt now
[10:40] Shai C: anything otherwise will give a direction
[11:14] Shai C: still a 15 poinyt range
[11:14] Shai C: even europe is expected to be quite into the announcemnt
[11:14] Shares Trader: whts Vix ?
[11:15] r m: 18.56
[11:15] r m: up 0.29
[11:16] J C: using the sell on news theory…do u expect europe to sell off after rate cut.
[11:17] J C: @shai…
[11:19] Shares Trader: thnx RM
[11:21] Shai C: JC expectation for a rate cut to 0.75 is built in after the summit. Mkt should carry on if that happens
[11:22] J C: k..tx
[11:22] Shai C: news scheduled at 4.00 pm and 5.15 pm
[11:45] Pasi C: there will be internet problems after jul 9 th due to some FBI orders anybody aware of this?
[11:49] Bipin N: eh!
[11:54] Pasi C: 6 lakhs computer r infected with an invisible virus across the world
[11:55] Bipin N: zounds
[11:55] Bipin N: if it is invisible how do they know it exists?.
[11:56] r m: ESP 😀
[11:56] Bipin N: yes…trust the FBI to abound in ESP
[11:57] r m: CIA has done deep research in all that we call "Superstition" 🙂
[11:58] Pasi C: www.dns-ok.us try this if resolution is green u r safe
[11:58] Bipin N: including getting Uri Geller to attend a meeting with a Russian delegation to get them to change their mind
[11:59] Bipin N: hmmm what if that is the site that is spreading the invisible virus
[12:00] r m: lol
[12:00] r m: suspecting the spy? 🙂
[12:01] Bipin N: heh heh thats naughty!
[12:01] Pasi C: Bipin probably they couldnt track your /mine personal website.blog but track it 24/7
[12:02] Pasi C: * but they can track this dns-ok.us 24/7
[12:02] r m: then they should trade Nifty and Banknifty by stealing Shai's signals 🙂
[12:02] Bipin N: probably are
[12:03] Bipin N: Shai you are being hacked by the Food & Beverage Institute
[12:03] r m: lol
[12:04] r m: Shai is too busy making money to notice FBI 🙂
[12:04] Bipin N: thats true…wouldnt notice them if they knocked him on the head
[12:05] r m: lol
[12:05] Bipin N: another assault on 5333
[12:14] Deepak C : i ve found a new indicator, because all our bars r equi volume, WHEN IN IB more green bars = more buyers, which we have today. all of u pl. don't laugh at me !!!
[12:16] Pasi C: Good point Deepak
[12:17] Pasi C: but can it give an entry point or a trade set up?
[12:17] Shai C: 🙂
[12:18] Shai C: bars are volume bars but color is measured on price displacemnt from open
[12:18] Shai C: the left of the bar is the open handle and the right is close
[12:19] Shai C: if close is up bar is green and vice versa
[12:23] Deepak C : indicator is not an appropriate word
[12:23] Deepak C : when in IB we r confused whether buyers are in control or nt, of course buyers will make candle green, Pasi, this is just history and not what may happen.
[12:26] Pasi C: ok
[12:29] Deepak C : to me, there were buyers in ib, there r no sellers above it, no algo abv, so a good bias for buyers, IMO
[12:30] Deepak C : no sellers nahin , but less powerful sellers
[12:32] Deepak C : sellers ko gussa aaya, lagta hai
[12:33] r m: they want to give you equal number of red bars 🙂
[12:34] Shai C: a proper trade is abv pdh + 2/3 with sl at IBH
[12:35] Shai C: evertyhing else is 8- 10 point scalps
[12:36] Shai C: this is what pasi was refering to ? – http://gadgets.ndtv.com/internet/news/malware-may-knock-thousands-off-internet-on-monday-239804
[12:37] Bipin N: see Shai knows all:)
[12:37] Shai C: just read the comments
[12:37] Shai C: FBI is trying to help
[12:38] Bipin N: and we were worried about you being hacked
[12:38] Shai C: 🙂
[12:38] Bipin N: what on earth does the Food & Beverages institute have to do with viruses
[12:38] Bipin N: unless it's in their food
[12:40] Shai C: presumably preventing the world from annihilation so that hollywood can sell more movies
[12:40] Shai C: and the US can steal more OIl
[12:40] Bipin N: and we can watch them
[12:40] Bipin N: Open Interest?
[12:40] Shai C: Oil
[12:40] Bipin N: 🙂
[12:40] Shai C: Lol- A traded sees a mkt everywhere
[12:41] Shai C: *trader
[12:41] Shai C: No mojo in the mkt today again
[12:41] Bipin N: now gotta start watching crude
[12:41] Bipin N: get Jim Morrisson
[12:42] Shai C: U a Jim Morrison fan?
[12:42] Bipin N: gonna play L.A.Woman rigt get…get some mojo rising
[12:43] Bipin N: who isnt
[12:43] Shai C: let's take a poll 🙂
[12:43] Bipin N: my 16 yr old nephew is a Morrisson fan
[12:43] Bipin N: 🙂
[12:44] Shai C: there's gonna be some heartburn tom at the open
[12:45] Shai C: think we are going to fly right out of here
[12:45] Shai C: just like the first friday of this series
[12:46] Shai C: the mkt rewards a few, punishes a lot and gives no opportunity to most
[12:47] Shai C: currency traders would get nervous as first impact will be on the euro
[12:49] Shai C: closed the window accidentally-
[12:49] Shai C: be right back
[12:49] Shai C: 🙁
[12:50] Shai C: IB band trade below vwap
[12:51] Pasi C: NF?@shai
[12:52] Shai C: yes both
[12:52] Pasi C: ok
[12:52] Shai C: NF below vwap
[12:52] Shai C: small stops and qty if you are trading
[12:52] Pasi C: ok
[12:52] Shai C: 5327/ 10540
[12:59] Pasi C: 🙁 going to hit?
[13:01] Shai C: low volume mkt – stops get noticed
[13:04] Shai C: exit
[13:18] Shares Trader: hardly 18 bars so far…yuks
[13:21] Shares Trader: okey guys..cya
[13:24] r m: back to sleep? 🙂
[13:36] Bipin N: stormed the castle!
[13:37] Shai C: spot needs to break 5320
[13:38] Bipin N: you are full of good cheer aren't you Shai!
[13:38] Pasi C: Europe opening swing or carry longs/@shai
[13:40] Bipin N: seems you got your mojo workinf @ Shai
[13:41] Shai C: it's an assault on sleeping traders!!
[13:41] r m: lol
[13:41] Pasi C: 🙂 rm must be listening
[13:42] J C: tgt 5366 shai…
[13:43] Shai C: can't see conviction but keep sl at 5330
[13:43] J C: k..tx
[13:45] Shai C: volumes coming now
[13:45] Shai C: 5345/ 10580 new dpoc
[13:47] Pasi C: BN sl VAH now?@shai
[13:47] Shai C: yes
[13:47] Pasi C: ok
[13:47] Shai C: stops should be below pdh
[13:47] Shai C: as we are attmpting break of range
[13:51] Shai C: looking like a DD now
[13:51] Bipin N: dead duck?
[13:52] Shai C: 10605 is an HVN in BN
[13:52] Shai C: 5366 another one in NF
[13:52] Shai C: Bipin, mkt choosing another range to auction in
[13:52] Bipin N: what a DD Shai?
[13:53] r m: double distributioni
[13:53] Bipin N: ok
[13:53] Bipin N: thanks
[13:53] r m: welcome
[13:53] Shai C: the move of dpoc was relatively quick
[13:56] Bipin N: r m looking at market profile you have a range, a gap and another range forming today…is that DD?
[13:58] r m: yes, specially when the two trading range during the day are seperated by a low volume area
[13:58] r m: also called single prints
[13:58] Bipin N: the lowvolume areas?
[13:58] Bipin N: are single prints
[13:58] r m: guess you used a better word "gap" 🙂
[13:59] Bipin N: still in the ol' TA
[13:59] r m: single prints are the area where price stayed for only one 30 minute period during the day
[13:59] r m: the PDH area will be single print at EOD if price does not trade there again today
[14:00] Bipin N: now that is useful…I keep reading about single prints and assumed it just filled one volume bar or some thing like that
[14:00] r m: you can see the profile map in the lower pane, L are single print letters for NF profile
[14:01] Bipin N: see alot of JKL's
[14:02] r m: yes, but two instances of L are single print
[14:02] r m: exactly at PDH
[14:03] Bipin N: single prints dont mean only an L will be printed with no other letters
[14:04] r m: only a single letter will be printed there
[14:04] Bipin N: any letter?
[14:04] r m: the letters denote time, D is for 0900 to 0930 and so on
[14:04] Pasi C: could be any letter as per time Bipin
[14:05] Bipin N: ok thanks…you have been very patient and I am keeping you from your trade
[14:05] r m: lol, i misssed the long trade anyway, it was too quick for me 🙂
[14:05] Bipin N: I will go through this stuff again and trouble you at an opportune time…
[14:06] r m: sure, Shai can recommend some excellent reading material on MP
[14:07] Bipin N: yes..he has also provide very useful links
[14:08] Bipin N: gets easier though to read and trade and ask the stupid questions
[14:08] r m: they are not stupid
[14:08] r m: to quote Shai, "only stupid questions are the one not asked" 🙂
[14:09] Pasi C: the stupid question is the one which is not asked forever
[14:09] Shai C: that 10580 algo means business
[14:09] Bipin N: Shai seems to be a wise man … how old is he…does he look like Santa?
[14:10] Shai C: 5337 in NF
[14:10] r m: lol
[14:10] Shai C: U guys talking about me?
[14:10] Kris 123: @Bipin – though it is not prudent to reveal the age of some one – I would want to give a hint to you – Shai and Aristotle have been contemporaries 🙂
[14:10] r m: 🙂
[14:11] r m: @Kris, Shai would be thankful to you for not describing his as bossom pal of Socrates 🙂
[14:11] Bipin N: and we know where Aristotle is now…Shows Shai must be very wise indeed to escape the same fate
[14:12] r m: LOL
[14:12] Shai C: 🙂
[14:15] Pasi C: booked BN at 3 IB
[14:16] r m: good trade Pasi, congrats 🙂
[14:17] Pasi C: THX RM
[14:17] Pasi C: credit goes to shai
[14:17] r m: yes
[14:34] Shai C: 10720 is a tgt now in bn
[14:35] Shai C: and abv that 10964 is the big one from RBI day in feb
[14:36] Shai C: 5366 hvn and 5398 LVN next in line for the mkt
[14:49] Shai C: mkt holding up as we head into the close
[14:49] Shai C: fairly small dd's
[14:50] Shai C: it may choose to come down and auction into the single print tom near 5330
[14:51] Shai C: in which case 5310 at d VAL is where the buyers of thois afternoon should come back
[14:51] Shai C: *5319
[15:06] Shai C: sbi and icici both pushing up
[15:08] Pasi C: Information: BANKNIFTY at 2IB @ 10652.0 at 15:07:03
[15:08] Shai C: there was a freak quote lower at the open
[15:08] Shai C: in BN which was not cleared
[15:08] Shai C: increased the IB span
[15:10] Shai C: euro is going down ahead of the news
[15:11] Shai C: we just have to be silent speactators after 20 mins
[15:11] Shai C: *spectators
[15:17] Shai C: chances of a big open away from today's range are diminished now
[15:27] Shai C: small profit booking coming in ahead of the close
[15:27] Shai C: sytem is long into tom
[15:28] Shai C: spot staying abv 5320 is also good
[15:28] Shai C: once more dpoc moves up in BN to 10630
[15:28] Shai C: could be liquidation by the algo at 10580
[15:30] Shai C: 5339/ 10630
[15:30] Shai C: bye guys
[15:30] Bipin N: bye folks
[15:31] r m: Thanks Shai, bye all, have a nice day 🙂
[15:32] Pasi C: bye all
