There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Sunday, June 16, 2013

From Harish Thahkkar

Reproduced below is a comment received from  Harish Thahkkar which is self explanatory
He is using VWAP to supplement his trading decisions.

"I am presenting some my observations which I think will be helpful to blog readers

(1) Draw horizontal lines on plain charts of Open,PDC place VWAP.Full IR above/below will be trend day

(2)VWAP works as regression line,turning points of mkt eg.price gap down open < PDC price remaing  mostly above VWAP throught day,it makes BO,PDL,PDC,sometimes even PDH

(3)VWAP can show success of BO on DPS eg.VWAP remaing good distance above PDL but price rmemains below it,if low volumes price moves above VWAP,makes BOF like wise on PDC,PDH

(4)1st swing H-L,1st BO or BOF.1st attempt to turn the market.1st WRB dominate the market.eg.1st attempt to turn the market is strong means bottom is near.If 1st low and next 2-3 lows are nearer with 5-7 points diffirence it is rounding bottom and trapes short sellers.List is big If you like, I will write.Thanks.

Please click the links to view charts

http://prntscr.com/1a222b

http://prntscr.com/1a2b7s

http://prntscr.com/1a2d5v

http://prntscr.com/1a2dsb 

Please do give your feedbacks

Do you want to know a simple method with which  you can get rid most of  your psychological and discipline problems in your trading ? Believe me it is very effective.
Start a blog. Every day document your trades in it. While trading imagine you are trading public money and you need to report the trades each and every day. You are accountable and you are responsible for every action.Your blog post is going to be this report.Try it. 
Posted by at

14 comments:

  1. vista consultantsJune 16, 2013 at 10:24 AM

    can you provide afl for vwap(

    regards
    rajamani



    ReplyDelete
  2. Sunil SaranjameJune 16, 2013 at 11:56 AM

    Dr Brett has tons of posts on VWAP

    VWAP

    ReplyDelete
  3. HARISH TAHKKARJune 16, 2013 at 4:13 PM

    Sir.
    If you go word to word few times on
    Breet's site
    http://traderfeed.blogspot.in/search?q=previous+days+range

    http://traderfeed.blogspot.in/search?q=vwap

    Being innovator of the concept,it can give wings your trading skill and benefit us.I have short notes
    which I will write latter.
    Following are 2 more screen shot one is of additional study of VWAP which explained in chart itself.

    http://i.imgur.com/VRMSpaZ.png

    http://i.imgur.com/OZkaRnb.png

    ReplyDelete
  4. HARISH TAHKKARJune 16, 2013 at 5:54 PM

    @ STOXTRENDS
    Send the afl as required.

    ReplyDelete
  5. VishalJune 16, 2013 at 11:23 PM

    hi ST sir,
    in my view,since the traders who are trapped when They try to catch the reversal of trend early,and when reversal fails,They will be waiting to exit their positions at a better price..hence VWAP acts as resistance and support..and it make sense using VWAP rather than normal moving averages..just my view...
    And Mr.Harish,nice work and thanks for providing FOOD for THOUGHT.. :)

    ReplyDelete
  6. HARISH TAHKKARJune 17, 2013 at 12:05 PM

    http://prntscr.com/1adoip

    Live Market example

    ReplyDelete
  7. HARISH TAHKKARJune 17, 2013 at 3:07 PM

    http://prntscr.com/1ae7nc

    Live market example

    ReplyDelete
  8. HARISH TAHKKARJune 17, 2013 at 3:18 PM

    http://prntscr.com/1ae7nc

    Live market example

    ReplyDelete
  9. SMART TraderJune 17, 2013 at 8:36 PM

    Harish

    Nice trade

    ST

    ReplyDelete
  10. HARISH TAHKKARJune 17, 2013 at 10:49 PM

    Sir,
    Thanks for your encouragements.
    I can send live market examples only for study purpose it should never be treated as a call by readers.
    To day after market hours I made detailed study which can be easy for
    readers to understand.
    Regards.

    http://prntscr.com/1ag7wm

    ReplyDelete
  11. mayurJune 18, 2013 at 8:48 AM

    Dear Harish Thakkar,
    Could you pls provide the afl that you are using.

    Thanks & regards

    Mayur

    ReplyDelete
  12. adhi narayananJune 18, 2013 at 10:24 AM

    Nice work Harish Tahkkar.

    ReplyDelete
  13. HARISH TAHKKARJune 18, 2013 at 4:04 PM

    Sir,
    Thanks lot for your encouragements.
    Yesterday as I send the live market
    chart of my trading I could not explain the trading ideas in detials.
    Better explaination will be this.

    http://prntscr.com/1ag7wm

    ReplyDelete
  14. HARISH TAHKKARJune 19, 2013 at 8:57 PM

    The undermentioned linke contains many afls as many as you want.Google serch specified one or write your mail ID behind the name as did by STOXTRENDS so I can send.


    http://www.wisestocktrader.com/programs/1/functions/41


    ReplyDelete

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