Trading room today

[10:26] Pasi C: ok thx rm
[10:27] jiignesh -: @shai TY, is it possible to get vah-poc-val- in our excel sheet?
[10:29] Shai C: can be done
[10:29] Dr Bansal *: jiignesh,give some comment on gold sell call
[10:30] jiignesh -: @dr bansal, 29407 is on radar
[10:31] jiignesh -: this BN, sucking blood from past 5-6 days, OF signal comes either at bottom or at top
[10:32] Pasi C: :)@jiigs
[10:34] Shai C: after thurs mkt will be kicked into motion by tech and banks, whther it likes it or not
[10:35] Shai C: so we are at the end of this balancing act
[10:35] jiignesh -: still 3more days???@shai
[10:35] Shai C: max 3 more days
[10:35] Shai C: 🙂
[10:35] jiignesh -: 🙂
[10:37] jiignesh -: bye all
[10:37] Pasi C: leaving early?@jiignesh
[10:37] r m: @Shai, if we ignore the opening ticks with no volume, IB should be 5293-5308?
[10:37] jiignesh -: @pasi, monday…too much work load
[10:37] Pasi C: ok
[10:38] jiignesh -: bye see u late
[10:38] jiignesh -: later
[10:38] Pasi C: u r a goldsmith?@jiignesh
[10:43] Dr Bansal *: rather goldmine.
[10:44] r m: 🙂
[10:49] Pasi C: 🙂
[10:56] Shai C: coming back with charts
*** Shai **, Welcome to the Vtrender conference room!
[11:10] Shai C: if 5290 breaks, 5265 is an imm tgt
[11:10] Shai C: test of the uptrend comes at 5225- 5245
[11:11] Shai C: 5170/ 5180 possible if 5225 breaks
[11:37] Shai C: algos at 5292
[11:40] Shai C: 5273- shorts from IB low think about covering part
[11:42] Shai C: dpoc should drop as there was an increase in volumes
[11:45] Shai C: I'll be happy to get a touch of 5265 LVN
[11:45] Shai C: 5244 will be better
[11:45] Pasi C: BN?
[11:46] Shai C: give me a min
[11:47] Shai C: 10495/ 10458
[11:47] Pasi C: ok
[11:49] Shai C: BN not yet below pdl
[11:56] Shai C: BN breaking 10490 opens up the selling momentum
[11:56] Shai C: positionally it should go to 10240 below 10490
[11:59] Pasi C: How to read ALGO at 10548 now ?buy/sell?@shai
[12:02] Shai C: looks like a sell
[12:04] Shai C: what's happening at 10548 is that along with the algo the dpoc shifted
[12:04] Shai C: hence mix of buy/ sell though the initial move was an algo sell
[12:19] Shai C: 5265
[12:19] Shai C: 5274/ 5265 algos
[12:20] Shai C: 10515 algo
[12:26] Shai C: 5265/ 10490 are crtical points now
[12:26] Shai C: a break below gives momentum to sellers
[12:29] Shai C: european cues take over
[12:31] Shai C: I think we got the first lower 2 IB after one week
[12:31] Shai C: signs of change
[12:33] Kris 123: Hope some one utilised the fact that we traded closer to IB high ( tradeable)  between 10-10.15 !
[12:33] Shai C: IN USDINR 56.28 is an HVN and an imp level
[12:33] Kris 123: was not able to update it live
[12:33] Kris 123: will be back in some time 🙂
[12:34] Shai C: can be a pivot to 56.71 or 55.95
[12:34] Shai C: it should be also roughly 61% of the fall from 57.2
[13:07] Shai C: vwap in NF/ BN
[13:10] Shai C: one of the possibilities into wed is that the mkt can auction this zone between 5295 and 5244
[14:22] Shai C: the mkt's played dead after hitting the LVN
[14:22] Shai C: a DD has formed with the lower distribution now between 5285- 5263
[14:23] Shai C: this value area is key into tom's trade with a 25-30 point move from those points
[14:24] Shai C: european mkts quite ahead of a meeting of fin ministers
[14:25] Shai C: diff to see these guys do more than what their counter parts did at the summit
[14:25] Shai C: but a negative news flow is a possibility
[14:46] Shai C: HIT 5292 now
[14:47] Pasi C: BN profile charts plz@shai
[14:49] Shai C: on screen lower pane
[14:49] Pasi C: ok thx
[14:50] Shai C: 5288 algo
[14:53] Rahul Goel: is tht a sell or a buy algo shai any idea, I feel more like a buy not a sell
[14:55] Pasi C: can mouse hover on the last TPo printed in NF@shai
[14:55] Pasi C: *can u
[14:58] Shares Trader: Algo looks lk Sell bar
[14:58] Shares Trader: its on next bar to big green bar
[14:58] Shares Trader: likly sell
[14:58] Bipin N: r m should the price go down after an algo one could consider it a sell algo and vice versa.is that so
[14:59] Pasi C: yes bipin wait for a candle
[14:59] Bipin N: no Pasi not sellng..talking about exing longs
[14:59] Bipin N: and asking generally
[14:59] Pasi C: ok
[15:00] Bipin N: algo candle has already closed methinks..2 candles hance
[15:00] Bipin N: hence
[15:01] Shai C: Yes bipin the thought process is right
[15:01] Shai C: but some of them are scaleprs and some longer TF
[15:01] Shai C: There's no way to know
[15:01] Bipin N: ok
[15:01] Shai C: *scalpers
[15:01] Pasi C: where the next TPO will be printedin NF?@shai
[15:02] Shai C: q at 3.15
[15:02] Shares Trader: Algo shd b traded with context i feel
[15:02] Bipin N: as in?
[15:02] Pasi C: what decides the positioning of TPO q?@shai
[15:03] Shares Trader: like near ref lvls
[15:03] Pasi C: ok got it
[15:04] Pasi C: if price moves to 5286 by 3:15 next to O   is it correct?@shai
[15:04] Bipin N: say this algo near Ib low
[15:05] Shai C: next one after p 🙂
[15:05] Bipin N: what context should i take thatin
[15:05] Shai C: Bipin, near IB low a good algo will try to see
[15:05] Shai C: *sell
[15:05] Bipin N: long after D:)
[15:05] Bipin N: ok
[15:05] Shares Trader: Down day..also its below last weeks VA
[15:05] r m: @Bipin, the tick list gives a trade @ 5291.95 with Volume 115150, a peak at that time, that would suggest a seller – but only a buyer will cause that kind of peak, is'nt, I am thoroughly confused 🙂
[15:06] Bipin N: heh heh
[15:06] Shares Trader: so one shd trade short algos
[15:06] Pasi C: 🙂 after p its q to print but in which row/column it prints  was my question/@shai
[15:06] Shai C: Ok Pasi, it continues where p left off
[15:06] Bipin N: ok ST …as in algos with the rnd
[15:07] Bipin N: trend
[15:07] Shai C: so abv pcolumn now if price goes higher
[15:07] Pasi C: ok let me watch by 3:15
[15:07] Shai C: that's the split, to make the watch easier
[15:08] Pasi C: ok
[15:08] Shai C: n began below m and moved up
[15:09] Bipin N: so on up days one trades algo that are buy and ice versa
[15:09] Bipin N: sorry..intersting lesson going on
[15:09] Pasi C: some confusion shai
[15:10] Pasi C: Lets take  [15:08] Shai C: n began below m and moved up    for each 30 min one TPO but why N printed so many times?
[15:11] Pasi C: ok total 12 columns as of now correct?@shai
[15:11] r m: @Pasi, because in 'N' period price moved between a wider range 5264-5292
[15:11] Shai C: n is the total distance covered by price in thiose 30 mins
[15:11] Shares Trader: evry tarded price in N period wil get N printd Pasi
[15:11] Shares Trader: traded *
[15:11] Pasi C: yes rm,ST.Shai
[15:12] r m: @Pasi, you must have been drowned in the flood of replies 🙂
[15:12] Pasi C: I am not good at pie charts  🙂
[15:12] Pasi C: Happy to swim rm 🙂
[15:13] r m: lol
[15:14] Pasi C: so whats this profile today?balanced or …bla bla bla @rm  🙂
[15:15] Bipin N: yes guys thanks..that was very informative
[15:15] r m: DD without single prints, only Shai can give it a proper name 🙂
[15:15] Shai C: it's a DD in NF and balanced in BN
[15:16] Pasi C: what r the distribution points in NF?@shai
[15:16] Shai C: see q started at 5282
[15:16] Pasi C: yes Q
[15:17] Shai C: in a DD we go by the lower one 5292- 5263
[15:17] Pasi C: The profile view in NF is good rather BN shai
[15:18] Shares Trader: frm open NF is stronger thn BN
[15:18] Shares Trader: Open ws belwo VA in NF ..ws it in Inside range n VA in BN ?
[15:18] Shai C: yes
[15:19] Shai C: so isn't BN stronger?
[15:19] Shares Trader: fr day trade NF is stronger
[15:19] Shares Trader: i mean strong trend
[15:20] Shares Trader: right ?
[15:21] Shai C: value is lower in NF today
[15:22] Shares Trader: s
[15:23] Shares Trader: out of topic…any one gettign missd calls frm +375/371 ISD codes
[15:25] Bipin N: nope…belarus and latvia
[15:25] Shares Trader: yss
[15:26] Shares Trader: n also frm Gulf
[15:26] Bipin N: the disinegrated Balkans
[15:26] Bipin N: eh!
[15:28] Shares Trader: anyone rember merged profile chart i uplaoded in morning
[15:28] r m: yes
[15:29] r m: http://i48.tinypic.com/23ld0js.png
[15:30] Shares Trader: approx stopped near 29 June Balnce edge
[15:30] Pasi C: Bye all
[15:30] Shares Trader: if thts gone..can we expct 5200 Shai ?
[15:30] Shai C: no 5240 start of SP will supp once
[15:31] Shai C: 5180 below that will be quick
[15:31] Shai C: approc
[15:31] r m: 5215 gap open
[15:31] Shares Trader: ok..
[15:31] Shares Trader: lol i didnt get why Pasi is sayign Bye
[15:31] Shares Trader: hehe its 3.30..
[15:31] Shares Trader: cya all..hv gd day ahead
[15:31] r m: Thanks & bye all, have a great day 🙂
[15:31] Pasi C: 🙂
[15:32] Shares Trader: thnx Shai
[15:32] Pasi C: u r deeply immersed ST
[15:32] Bipin N: bye all
[15:33] Shai C: bye guys