tag:blogger.com,1999:blog-441270257889145227.post7719687121464076788..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: Nifty LevelsSMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-441270257889145227.post-41974327593228705002012-10-15T18:52:52.002+05:302012-10-15T18:52:52.002+05:30@ rb
In Kerala, those who demand a bribe is refer...@ rb<br /><br />In Kerala, those who demand a bribe is referred as a "Gandhian" because they collect pictures of Gandhi (on currency)<br /><br />ST<br /><br /><br /><br /><br /><br /><br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-3931792504912325452012-10-15T15:33:00.535+05:302012-10-15T15:33:00.535+05:30At least it proves you are a Gandhian :-)
rbAt least it proves you are a Gandhian :-)<br /><br />rbRaghu R Bhathttps://www.blogger.com/profile/15891682082599798658noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-12523529805241251332012-10-15T14:28:20.261+05:302012-10-15T14:28:20.261+05:30lol!
lol!<br /><br />Sunil Saranjamehttps://www.blogger.com/profile/03965099584244733042noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-25235008934576133132012-10-15T10:53:41.297+05:302012-10-15T10:53:41.297+05:30Thanks for your inputs.
Most of my stop outs are d...Thanks for your inputs.<br />Most of my stop outs are during Market transition to a channel or Barbed wire.I was exploring the possibility of using the "Divergence" to avoid this.Back tested results are not at all encouraging. Instead of getting slapped on the right cheek, I am getting it on the left cheek . That is all.<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-69341460686920377802012-10-15T10:32:16.979+05:302012-10-15T10:32:16.979+05:30The way things are - NF and NS are two different i...The way things are - NF and NS are two different instruments tied together only by their cash equivalents. If they were fungible on a day to day basis to their underlying- NF and NS would be forced back to the underlying DemandSupply equation. Settlement is also in cash - so the cycle continues over without resolution. Since no one is bothered about these linkages - it is best to view it as two separate games. Of course some people will play both these games simultaneously. <br />To come back to your earlier post on illusions - finding an edge would mean trying to find which of NF, NS is "real" and which is derived and try to find an edge. IMHO NF is a derivative only in name.<br />rbRaghu R Bhathttps://www.blogger.com/profile/15891682082599798658noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-15616119114670376492012-10-14T21:24:36.461+05:302012-10-14T21:24:36.461+05:30ST, this kind of divergence will always be there e...ST, this kind of divergence will always be there especially smaller TF's and we have no way of exploiting it.<br /><br />Maybe one can plot NF/NS in real time - that will be a kinda oscillator - but using it in trades will be almost impossible.Sunil Saranjamehttps://www.blogger.com/profile/03965099584244733042noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-1985186683380843382012-10-14T10:10:59.703+05:302012-10-14T10:10:59.703+05:30SS, Raghu, KPL Sir
I totally agree with your view...SS, Raghu, KPL Sir<br /><br />I totally agree with your views. I am against trading signals on NS and focus only on NF. I don't want to make this complicated.<br />I am afraid , I was not able to convey the idea properly.Let me explain a bit<br />Case 1.NF tests a previous peak and we are thinking to short. We look at NS and finds it is comfortably trading above its own previous high. So there is a clear " Divergence" .This will help us to avoid a premature short trade.<br />Case 2.NF breaks a previous low and pull back. We are ready to short BPB, but we notice NS is yet to crack its own previous low. There is a "Divergence". So we can wait for a clear signal to emerge and avoid a premature short entry.<br /><br />The issue is NOT Whether to trade signals on NS or not, but<br />Whether this "Divergence" could be used as an effective decision making tool when trading the extremes.<br />@kpl Sir<br />I have noted down your recent significant Bar concept. Thanks<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-73132825757727266712012-10-13T20:07:39.379+05:302012-10-13T20:07:39.379+05:30Ignore NS and focus on NF as we are trading NF and...Ignore NS and focus on NF as we are trading NF and not NS.<br /><br />Some few hits and misses may be there but that is ok. More importantly it has the advantage of being simple.<br /><br />On a different note, I look at a reversal of a the most recent significant bar as an indication of trend change. This does not always happen near a decision point so it pays to be alert here.<br /><br />For eg., on 12 OCT, the bar was around 11.00-11.05 am on 5 min charts.<br /><br />Note that the candlesticks will appear as a hammer on the next higher time frame.Kamalesh P Langotehttps://www.blogger.com/profile/17624960461969779015noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-49925268759767308112012-10-13T15:12:31.280+05:302012-10-13T15:12:31.280+05:30I agree with SS - it will add one more interpretat...I agree with SS - it will add one more interpretation - and a bigger decision tree thereby violating the KISS priciple - rbRaghu R Bhathttps://www.blogger.com/profile/15891682082599798658noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-91708353514688740992012-10-13T13:27:10.582+05:302012-10-13T13:27:10.582+05:30No, I don't think it is important - one may mi...No, I don't think it is important - one may miss a few trades but if we take into account a full trading year then it will all average out.<br /><br />So one must focus on the traded instrument NF and not on the underlying.Sunil Saranjamehttps://www.blogger.com/profile/03965099584244733042noreply@blogger.com