[09:18] Kris 123: @ST – both BN and NF have O close to the top – if it sustains for the IB time, expect some pumpkins 🙂
[09:19] Shares Trader: yes kris..bt in first hr may b soem rotations
[09:19] Shai C: Pls elaborate- [09:06] Kris 123: Wednesday should show its effect today! 🙂
[09:19] Shai C: 🙂
[09:21] Shai C: wednesdat tends to follow monday- http://www.vtrender.com/sites/default/files/WeekDayChange_0.png
[09:21] Shai C: and fri follows thurs
[09:24] Kris 123: @Shai – I know that you know my explanation! – I am a salmon hunter today 🙂
[09:25] Shares Trader: Monday means 11 June
[09:25] Shares Trader: wch ws down day
[09:26] Kris 123: https://twitter.com/cvkmohan/status/212755026576293888
[09:26] Shares Trader: wch is tht Trade kris
[09:27] Kris 123: 5100CE bought at 50 – covered half at 100 remaining!
[09:28] Shares Trader: ok
[09:29] Shai C: yes ST, just a ref point as a background picture for bias
[09:29] Shai C: OAIR
[09:30] Shai C: volume dying down already
[09:38] Shai C: 10022 is support for BN
[09:39] Tanay B: gm to shai,rm,kris & all others
[09:39] r m: Hi Tanay
[09:39] Shai C: GM Tanay
[09:40] Kris 123: Gm Tanay
[09:41] Shai C: some auto majors are intra day sellers on that proposed Diesel move on vehicles
[09:42] Shai C: may have been sold off already 🙂
[09:43] Pasi C: its good to increase excise on diesel cars ,otherwise petrol car will be a history soon
[09:44] r m: better to restore price normalcy in Diesel, after all the consumers are paying the price now as well, they are just paying more (including the cost of inefficiency at PSU OMCs)
*** Shai C, Welcome to the Vtrender conference room!
[09:45] Kris 123: We try to compensate for the inefficiency in the tax collection system with subsidy and/or irrational price fixing in petrol !
[09:46] r m: yes and pay for that thru budget deficit which means higher inflation – which takes more money from consumer's pocket than the right fuel price would have taken 🙂
[09:46] Shai C: Kris, I think if there were any official figures, the tax made on petrol should be bigger than the subsidy on diesel
[09:47] Kris 123: I meant – if the tax collection system is efficient – State Govt can reduce most of the tax on petrol products – which should make it absolutely affordable – and – whatever subsidy given to diesel is not all that high that we can not afford it.
[09:47] Kris 123: @Shai – I agree fully.
[09:48] Kris 123: finally – we get what we deserve! – period!
[09:48] r m: @Kris, the question is who gives subsidy to diesel, kerosene or LPG, the one who finance the government, that is public – so why not charge the correct price and do away with excessive taxation on fuels?
[09:49] Shai C: 'cos the thinking is that higher diesel/ kerosene is higher inflation and more political heat
[09:50] Kris 123: @Rm – kicking the can down the road is perhaps second nature to any political party – and – I dont think there exists an exception across the world! 🙂
[09:51] r m: that thinking is caused by Govt paid economists, budget deficit will cause the same amount of inflation, maybe after a delay of six months, so that could be a solution duirng the times like gulf war, but not a permanent solution
[09:51] r m: @Kris, 🙂
[09:52] Kris 123: please dont do any IB extension downside now – I dont like it – when we do it close to 10!
[09:52] r m: the can became so heavy after the royal spending by Rajiv Gandhi Govt that the successive Governments from 1990 to 2003 worked hard to chip away the weight from the proverbial can 🙂
[09:53] Pasi C: range extension
[09:53] Kris 123: @rm – there is no can – it is just metaphor now!
[09:54] r m: 🙂
[09:56] Kris 123: As you said in a gulf war – you are kicking the can – in present times, no kicking it – I pour diesel into my car – and pay service tax on my hotel bill 🙂
[09:57] r m: lol
[09:58] Kris 123: In cricket they say – you cant set fields for bad bowling – the political equivalent is you cant have policies for bad governance!
[09:58] r m: that is the point most of the people miss, that we are paying the price for fuel subsidy + fertilizer subsidy by paying extra for everthing else
[10:07] Kris 123: [09:52] Kris 123: please dont do any IB extension downside now – I dont like it – when we do it close to 10!
[10:07] r m: market gods heard your prayer 🙂
[10:07] Kris 123: [09:19] Shares Trader: yes kris..bt in first hr may b soem rotations
[10:08] Kris 123: thanks ST – that was useful.
[10:09] Shares Trader: 🙂
[10:10] Kris 123: @St – I mean – I played for the rotation – 5105 I covered – and got in again now at 5116. – peanuts – but enough for me 🙂
[10:11] Shares Trader: not bad
[10:13] Kris 123: another 3 minutes – and then I can shut down the trading terminal – so as not to get tempted 🙂
[10:13] Kris 123: only worry is – if Shai and friends wrote 5100CE and PE 🙂
[10:13] r m: 🙂
[10:14] Shai C: a quite 20 point IB
[10:14] Shai C: another 3 Ib day on the cards
[10:14] Shai C: take a break of IB whichever direction with sl at vwap
[10:16] Shai C: 5135 looks more probable from here followed by 5154
[10:18] Pasi C: with out OTF(since OAIR) how 3 IB poss ?@shai
[10:19] Shai C: Pasi OTF should enter once value high is crossed
[10:20] Pasi C: ok
[10:20] Shai C: But you are right, without OTF can be local to local trading
[10:20] Shai C: then a neutral day become more probable
[10:22] Pasi C: ok
[10:39] Shai C: 5131
[10:39] Shai C: Bn is not supporting
[10:40] Pasi C: sl vwap? @shai
[10:41] Shai C: yes
[10:41] Shai C: Now BN moving
[10:46] Shai C: add abv pdh for 5155 later today
[10:46] Rahul Goel: shai bn will be abuy above ibh
[10:46] Shai C: yes
[10:46] r m: dpoc moving up in ICICI
[10:57] r m: back to vwap
[11:03] Rahul Goel: shai sl hit can I consider taking the trade again once on ib cross
[11:03] Rahul Goel: or should buy above the high i.e. 1011
[11:03] Rahul Goel: 10115
[11:04] Shai C: we will try the same trade abv pdh
[11:05] Rahul Goel: okay
[11:05] Shai C: not staying below vwap again shows more buyers
[11:05] Rahul Goel: okay
[11:06] Rajkumar S: shai sir are you getting msg on time in your reliance mobile?
[11:06] Rajkumar S: now?
[11:10] Shai C: yes. last msg at 10.41
[11:14] Rahul Goel: shai ideally short is correct in nifty, below vwap, dpoc around the same and also below POC
[11:18] Shai C: it';s the IB rule so should drify to IB low
[11:18] Shai C: volume are very poor and not much conviction now
[11:19] Shai C: the better trade was a long abv IBH which failed
[11:21] Pasi C: [11:05] Shai C: not staying below vwap again shows more buyers
[11:22] Pasi C: how to read such fast changes in price action@shai
[11:26] Shai C: Pasi that view was made based on chart which shopwed NF higher for past 30 mins
[11:27] Pasi C: ok
[11:27] Shai C: to read it see how many closing bars we get below the vwap line
[11:27] Rahul Goel: shai can we take this sell in BN
[11:27] Rahul Goel: or wait
[11:28] Shai C: I've taken the sell
[11:28] Shai C: take small qty
[11:28] Shai C: sl is higer at vah
[11:29] Rahul Goel: okay
[11:31] Shai C: already a neutral day
[11:35] Rahul Goel: shai a neutral day like when is not much movement happening or when the focus is centered around POC the whole day
[11:36] Shai C: a neutral day is when price will go on both sides of IB
[11:37] Rahul Goel: so w can have a neutral and neutral extreme days only
[11:37] Shares Trader: Small IB=Both sides of IB gets broken=mkt doesnt move stray too far frm IB= NEutral day
[11:37] Shai C: yes neutral centre or neutral extreme
[11:38] Rahul Goel: okay thanks ST
[11:38] Rahul Goel: thanks shai
[11:38] Pasi C: since it is neutral day can an IB break confirm a directional move ?@shai
[11:41] Shai C: Pasi- In a neutral day there are both buyers and sellers present, hence conviction for direction is not very strong as ina trend day
[11:41] Pasi C: k
[11:41] Pasi C: ok
[11:42] Shai C: so we saw a buyer lift the mkt to abv IBH and a seller now from vwap
[11:42] Shai C: the seller 's job is to keep the mkt below ib low
[11:42] Shai C: you can also use the lower yellow line to confirm the seller interest
[11:43] Pasi C: u mean brak of lower yellow line?
[11:43] Pasi C: *break
[11:45] Shai C: yes that's the devloping lower value
[11:45] Pasi C: ok
[11:48] Rahul Goel: shai when the yello is developing val so around the end of day the yellow line can give us an approx VAL and VAH for the next day
[11:49] Shares Trader: tomoro wch news ?
[11:49] Rahul Goel: inflation data ST
[11:50] Shares Trader: ok thnx
[11:50] Shai C: yes rahul
[11:50] Shai C: they firm up by close
[11:50] Rahul Goel: ok
[11:53] Shai C: back in IB
[11:54] Rahul Goel: I think the afternoon will be exciting after a few algo bars
[12:03] Rajkumar S: shai sir shall we take position in all orderflow signals blindly ? or have to check other things also in taking position?
[12:05] Rajkumar S: shai sir?
[12:06] Shai C: yes rajkumar you can take
[12:07] Shai C: but you can be careful when NF and BN are not on the same side
[12:07] Shai C: then you may have to wait longer for results
[12:11] Pasi C: vwap rejected?@shai
[12:12] Shai C: No mkt waiting at vwap for europe
[12:12] Pasi C: ok
[12:14] Rajkumar S: shai sir , i dont have speaker in my system , tweetdeck alerts based on sound or alerts comes to screen?
[12:16] r m: sound as well as screen
[12:16] Rajkumar S: thanks rm
[12:22] Shai C: writers have taken over 5100
[12:23] Pasi C: writers of?
[12:23] Rajkumar S: shai sir can you set tweetdeck through teamviever, please help?
[12:23] Pasi C: raj give me your teamview
[12:24] Rajkumar S: sir 1 min
[12:26] Rajkumar S: 132193596, pass-8113
[12:26] Rajkumar S: paci c sir
[12:27] Shai C: stop taken in BN shorts
[12:37] Pasi C: algo
[12:38] Shai C: 10123 algo
[12:39] Pasi C: abv VAH 2IB?@shai
[12:39] Shai C: yes that is the objective
[12:43] Shai C: Ib low in usd inr
[12:49] Shai C: 2IB now in NF
[12:56] Shai C: 5155 spot is the next alert
[13:03] Rajkumar S: paci sir , the browser tweetdeck not come?
[13:05] Rajkumar S: pasi sir
[13:06] Shai C: 10123 algo holding
[13:07] Shai C: Rajkumar just download tweetdeck and regsiter
[13:08] Shai C: http://www.tweetdeck.com/
[13:08] Pasi C: hi raj
[13:08] Rajkumar S: shai sir can u do through team viewer?
[13:08] Pasi C: ive team view
[13:09] Shai C: @ pasi, you are helping him out?
[13:09] Rajkumar S: 132193596, 5694
[13:10] Pasi C: yes shai
[13:10] Shai C: k
[13:10] Shai C: USDINR below pdl
[13:11] Shai C: tgt should be 55.65 with stop abv IBL
[13:13] Shai C: NF interest point is Neutral center or neutral extreme
[13:13] Shai C: has to climb abv pdh quickly for up auction to continue
[13:22] Shai C: 55.75
[13:32] Pasi C: BN way to hit
[13:52] Pasi C: OF blue shai but sell came in BN
[13:53] Shai C: exit longs
[13:53] Shai C: don't see yet
[13:53] Shai C: market churning
[13:54] Shai C: don't sell yet
[13:55] Rajkumar S: pasi sir are u free?
[13:56] Pasi C: tell me raj
[13:57] Rajkumar S: sir i did login, after that sir
[13:58] Pasi C: r u able to see tweets?
[13:59] Rajkumar S: no
[13:59] Pasi C: what ur seeing on that page
[14:00] Pasi C: ok give again team view
[14:01] Rajkumar S: 132193596
[14:01] Rajkumar S: 1837
[14:03] Pasi C: 1 min
[14:04] Pasi C: exit shorts also?@shai
[14:05] Pasi C: BN
[14:05] Shai C: pasi- mkt looks like it wants to stay here
[14:05] Pasi C: ok
[14:07] Dr Bansal *: Looks,bears and bulls manipulaing false buy/sell signals to trap small traders.
[14:08] Pasi C: oooooooooooo
[14:13] Pasi C: I could not understand the problem raj
[14:17] Shai C: market roataing around vwap/ dpoc
[14:17] Shai C: no clear edge for a new position
[14:17] Shai C: close favors a neutral center now
[14:20] Shai C: 5120 is now developing as the highest volume zone for this entire rise
[14:20] Shai C: from 04th June
[14:22] Rajkumar S: shai sir can u see through teamviewer , i did login in tweetdeck but after that dont know?
[14:24] Rajkumar S: pasi sir also tried, but could not find out
[14:26] Ravi Vrindavan: raj i am free here can i
[14:26] Deepak C : raj, i m not supposed to advice, but i think, if ur trading room is working and if u remain in trading room all signals r visible
[14:26] Ravi Vrindavan: send me the id and pass word of teamviewer
[14:27] Rajkumar S: 132193596, 1837
[14:31] Ravi Vrindavan: ok raj
[14:32] Rajkumar S: sir for pop up msg?
[14:32] Ravi Vrindavan: hi raj…is it ok
[14:32] Rajkumar S: any setting need
[14:32] Ravi Vrindavan: pop us msg means
[14:33] Rajkumar S: if new msg came, how we know?
[14:33] Rajkumar S: i dont have speaker
[14:33] Ravi Vrindavan: oh..i think there is no solution on that…want to wactch always…
[14:34] Ravi Vrindavan: u can add u mobile number for twitter msg for the same
[14:34] Ravi Vrindavan: do u already added ur mobile for tweet msgs?
[14:35] Deepak C : raj, besides there is web twwetdeck,web.tweetdeck.com, also whenever downloaded version does't work u can just log into web version, once downlooaded version didnt work for me , since then i m using web version
[14:35] Ravi Vrindavan: deepak …his tweetdeck is working…i solve that problem…but he asks can he get any sound when msg came…
[14:36] Rajkumar S: mobile already added , but 1.30 lately all msg come to mobile
[14:36] Ravi Vrindavan: ya raj….sometimes it happens…
[14:36] Rajkumar S: one and hours lately come
[14:36] Rajkumar S: no always late
[14:36] Ravi Vrindavan: which is the provider
[14:37] Ravi Vrindavan: reliance or like that
[14:37] r m: @Rajkumar, using tweetdeck application or tweetdeck on chrome?
[14:37] Rajkumar S: ravi sir , what is the use of tweetdeck?
[14:37] Rajkumar S: rm sir tweetdeck on chrome
[14:38] Ravi Vrindavan: its the parellel conn sms….
[14:38] Ravi Vrindavan: we want to acitivate both
[14:38] r m: just hover your mouse at 'home', you will see a wheel on right side of home
[14:38] Ravi Vrindavan: and also we want an attn on both
[14:39] Ravi Vrindavan: raj…now tweetdeck is working.. is it..
[14:39] Rajkumar S: yes rm sir
[14:39] r m: click on that wheel, and you get check boxes for "notification sounds" and "notification popups", check both
[14:40] r m: and just call me rm, no sir please 🙂
[14:40] Ravi Vrindavan: in twitter we want to update to see new ones….but trhough tweetdeck it come directly to ur eyeview
[14:41] r m: looks like neutral centre today (so far!)
[14:41] Pasi C: gap up if we close abv VAH in BN?shai
[14:42] Rahul Goel: shai can we have copper charts for a minute
[14:43] r m: timely tweet from Dalai lama – @DalaiLama nowI am increasingly convinced that the time has come to find a way of thinking about spirituality and ethics beyond religion altogether. 🙂
[14:43] r m: smiley is mine!
[14:43] Rajkumar S: rm sir i could not see "notification sounds"
[14:44] r m: your gmail please
[14:44] Rajkumar S: gmail address?
[14:44] r m: yes
[14:45] Ravi Vrindavan: raj…the msg of bn buy at Buy BANKNIFTY @ 10128.0 at 14:23:03..not delivered in my mobile..
[14:45] Ravi Vrindavan: but deliverd Sell CRUDEOIL @ 4644.00 at 14:41:12
[14:45] Rajkumar S: firstname.lastname@example.org
[14:46] r m: Thanks Rajkumar
[14:46] Rajkumar S: ravi sir what is your mobile network?
[14:48] Rajkumar S: rm sir , why you asked gmail?
[14:49] Ravi Vrindavan: reliance
[14:49] r m: so that we can sove your problem there on gchat
[14:51] r m: i said netral centre, so NF will end up neutral extreme, very spiteful character 🙂
[14:54] Rajkumar S: rm sir
[14:55] Rajkumar S: i saw notificaion sound and pop up
[14:55] r m: just click on the boxes adjacent to sound and pop up, then you will get the pop up
[14:56] Rajkumar S: ok
[14:56] Shares Trader: lot of action hapening
[14:56] Shares Trader: volatile
[14:57] Rajkumar S: thank u rm
[14:57] r m: welcome Rajkumar
[14:57] r m: @ST, most of the action is of the type "khaya piya kuchh nahin aur glass phodne ke paise" 🙂
[14:57] Shares Trader: ys
[14:58] Shares Trader: Shai..wht it looks lk now fr tomoro ?
[15:00] Shai C: Gausssian distribution- value area imp tom
[15:00] Shai C: very symmetrical in BN
[15:00] Rahul Goel: profile is very balanced rgt shai
[15:00] Shai C: 5205 or 5160 tom
[15:01] Shai C: yes balanced profile
[15:01] r m: @ST, trying to learn NT, have only succeeded so far in importing historical tick data (just one day sample!), are the indicator limited to those already available or fresh ones can be added?
[15:02] Shai C: ST you use any of the profile indicators on NT?
[15:02] Shares Trader: fresh ones can b added
[15:02] Shai C: @ RM, Nt is got some very good Market profile tools
[15:02] Shares Trader: yes
[15:03] Shares Trader: Final
[15:03] Shares Trader: i recently got Final
[15:03] Shares Trader: bt i liked GOmi tools n DVA indicator
[15:03] Shai C: Is that thew same one as GOMi
[15:03] r m: yes Shai, that is why i am very keen to learn working on that
[15:03] Shai C: oh ok
[15:03] Shai C: final algo cost how much?
[15:03] Shares Trader: yes bt DAV is good one fr volm profile
[15:03] Shares Trader: final is best..almost lk MD
[15:04] r m: all greek to me 😀
[15:04] Shares Trader: wil upload all charts fr u..later
[15:04] r m: thanks ST
[15:05] Shares Trader: http://www.fin-alg.com/index.php/products
[15:05] r m: let me note down the tools you mentioned, google here i come 🙂
[15:05] Shares Trader: shai..long 5000 PE/short 5100 PE amkes sense
[15:05] Shares Trader: credit spread ?
[15:06] r m: Thanks ST (once again) 🙂
[15:06] Shares Trader: WC
[15:06] Shai C: that will be a debit
[15:07] Shares Trader: hw
[15:07] Shares Trader: shorting 5100 PE
[15:07] Shares Trader: n long 5000
[15:07] Shares Trader: 30 pts credit
[15:07] Shares Trader: aprox
[15:08] Shai C: okay 5000 pe
[15:08] Shai C: yes
[15:08] Shai C: mkt is short 5200 ce and 5000 pe
[15:13] Shares Trader: ys
[15:13] Shares Trader: i still feel thr r sellers near 5020-30 area
[15:13] Shares Trader: Shai, RM here is final chart http://i46.tinypic.com/2hf8jlc.jpg
[15:14] r m: Thanks ST, that is too good!
[15:15] Shares Trader: http://i47.tinypic.com/292mgow.png this is DVA indi
[15:15] Shares Trader: ys RM final tools are very clean
[15:15] Shares Trader: chk out thr anothr unitliy foot print
[15:15] Shares Trader: bt thts info overload so i didnt take it
[15:16] r m: ok ST, thanks
[15:16] r m: USD squirming at close!
[15:17] Shai C: that second link is tailored or ready?
[15:17] Shai C: I mean you put the alerts on that one or came as it is
[15:18] Shai C: 55.65 within reach
[15:23] Shares Trader: shai , u askd me ?
[15:25] Shai C: yes
[15:25] Shares Trader: wch laerts ? i didnt get
[15:25] Shares Trader: alerts *
[15:25] Shai C: I meant the indicators
[15:26] Shai C: like yesterday high, pivots etc
[15:26] Shares Trader: those are applied to charts n saved as workspace
[15:26] Shai C: ok
[15:26] Shares Trader: so they r always on chart
[15:27] Shares Trader: purple are volaility bands
[15:27] Shares Trader: n swings are show by Swing indicator..
[15:28] r m: NF showing sell
[15:29] Shares Trader: i thnk tomoro move wil b with Gap
[15:29] Shares Trader: possibly away frm VA
[15:29] Shai C: No a;lert on twitter
[15:30] r m: yes
[15:30] Shai C: don't take the sell
[15:30] r m: ok
[15:30] Shai C: 55.6550
[15:31] Shares Trader: ok Bye all
[15:31] Shai C: Bye
[15:31] r m: Thanks and Bye all!