Chat transcripts

 

 

*** Shai **, Welcome to the Vtrender conference room!
[08:54] Shai C: Gm all
[08:55] J C: Gm friends!!
[08:56] r m: Good Morning folks!
[08:56] r m: Hi Shai, JC 🙂
[09:00] Pasi C: GM all
[09:02] J C: Hi Rm:-)
[09:07] Shares Trader: GM ALL
[09:07] r m: Hi ST 🙂
[09:13] Shai C: test
[09:14] Shares Trader: Hello RM, Shai
[09:15] J C: shai..the tos scr pls..tx
[09:15] Shai C: sure
[09:19] Vicky M: Good Morning Everyone 🙂
[09:20] Vicky M: hi Shai, RM, JC, ST, Pasi
[09:21] J C: hi vick…
[09:21] J C: *vicky…
[09:22] Shares Trader: hi Vicky
[09:23] r m: Hi Vicky 🙂
[09:24] Shares Trader: wht cud b targets shai ? NF
[09:25] Shai C: USDINR sl 55.53, intra can touch 54.85 today
[09:25] Shai C: watching NF for crossovers above 5121/ 10077
[09:26] Shai C: 2 sided movement possible
[09:26] Shares Trader: k
[09:26] Pasi C: ALGO 5113  can be bought/@shai
[09:27] Kris 123: Gm All 🙂
[09:27] Pasi C: Hi kris
[09:28] Shai C: Pasi ignore the open ones
[09:28] Pasi C: ok
[09:28] Shares Trader: n also @ close
[09:29] Kris 123: https://twitter.com/cvkmohan/status/202680126213857280
[09:29] Shai C: if this weekend was spain, then weekend will be greece again
[09:29] Kris 123: Here is a tweet that I made on 16th May!!
[09:30] Shai C: Good trade, atm call would have paid more
[09:30] r m: Hi Kris 🙂
[09:30] Kris 123: Hi RM 🙂
[09:30] Shai C: and vix took away maybe 20 %
[09:31] Kris 123: @Shai – true – actually I added some 5000CE on the second trading day of the series – at 40-45 zone – which is also booked out!
[09:32] Shai C: open gap staying- bullish
[09:33] Rahul Goel: Hello all gm
[09:33] Rahul Goel: shai did not take the position onf riday since lot of data points were coming out on weekend
[09:33] Rahul Goel: now should I take the buy
[09:33] Rahul Goel: or wait
[09:33] Shai C: buy abv 5121 only
[09:34] Shai C: res at around 5155
[09:34] Shai C: spot
[09:34] Kris 123: I could not locate the chat transcript where I was saying about 2nd day of series making a low – and we rally hard – I remember Girish and Rm also being present
[09:34] Shai C: remember 5165 is the lower base of the big balance zone from april
[09:35] Kris 123: We are 350 points from there in NF and 1K points in BN – hope Master passes me now atleast ! 🙂
[09:35] Shai C: 5165 nf- 5212 NF will produce about 250 points whther resisted or supported
[09:37] Shares Trader: Great Trade Kris
[09:37] Shares Trader: i do rember abt u saying 2nd day of series making low 🙂
[09:37] Pasi C: produce 250 points means  5165+250/5212+250  or  5165-250/521-250?@shai
[09:38] Kris 123: http://vtrender.com/content/trading-room-chat
[09:38] Kris 123: I could find the link 🙂
[09:40] Shai C: yes Pasi the forst one
[09:41] Pasi C: ok
[09:45] Shai C: 5119
[09:50] Pasi C: bought@5123 sl plz @shai
[09:50] Pasi C: spot
[09:52] Shai C: pdh is best for swing
[09:52] Shai C: but a smaller sl is day low
[09:52] Shai C: as it's open auction
[09:58] Pasi C: ok
[10:01] Kris 123: we are at 10 – look for some IB extension on the upper side till 10.15 🙂
[10:07] J C: another 8 min & top of the day is made shai…or v ignore that today…
[10:11] Shai C: It's not a 100 % rule, but we will play it that way
[10:12] J C: m just looking at es…
[10:12] J C: & tats y the doubt…
[10:13] Shai C: this is the new contract in ES
[10:13] Shai C: esu2 is sept
[10:13] J C: k…tx
[10:13] Shai C: that would be 1331 in june
[10:13] J C: got it…
[10:19] Tanay B: good morning to shai & all      from a new one
[10:19] r m: Good Morning Tanay
[10:21] Kris 123: GM Tanay – Wishing you the best of trading results!
[10:24] Shares Trader: Shai, chances of eneterign into  friday Range ?
[10:25] Shai C: Gm Tanay
[10:25] Shai C: ST if that happens we will see VAH as profile is thin
[10:26] J C: shai pls elaborate on profile is thin…
[10:26] Shai C: currently the paly is 3IB where we can have the highs made around IB or IB + few minutes
[10:26] Shai C: *play
[10:27] Shai C: JC there was no volume ditribution for that move from 5035- 5078
[10:28] Shai C: No volume distribution = poor structure
[10:28] Shai C: poor structures will always give quick moves
[10:28] J C: got it…tx
[10:29] Shai C: in MP it is called minus development
[10:29] J C: k…tx
[10:30] Tanay B: thanks  rm,kris & shai
[10:31] Tanay B: @shai,    follow request @twitter pending.    pl see it
[10:38] Shai C: Tanay – done
[10:38] Shai C: break of IB is the next trade
[10:39] Shai C: Long abv 5121 for 5144 with sl at vwap
[10:39] Shai C: shorts get bigger mileage below pdh 5079 only
[10:40] Shai C: but small shorts can be tries below 5096 for 5079 pdh with stop at vwap
[10:40] Shai C: *tried
[10:42] r m: @Shai, looks like your twitter account has got some intruders, it is tweeting spam 🙂
[10:43] Kris 123: @Rm – I thought Shai really made that work from home Mom money 🙂
[10:44] r m: lol
[10:45] Kris 123: Hmm.. Shai started sending direct messages as well 🙂
[10:55] Shai C: direct msg?
[10:55] Kris 123: nothing Shai – your twitter spam – as direct message.
[10:55] Kris 123: now it should be fine! 🙂
[10:57] r m: Sucheta Dalal's account recently began tweeting at a feverish pitch about a weightloss program 🙂
[10:57] Shai C: 🙂
[11:03] Rahul Goel: shai can u put the charts for copper for a minute
[11:06] Shai C: gap up holding in copper
[11:06] Rahul Goel: hmm okay shai
[11:06] Rahul Goel: actually did not take the buy on tht day
[11:06] Rahul Goel: so now will wait for vwap visit to take a buy
[11:08] Shares Trader: RM..whose Sucheta Dalal ?
[11:09] r m: Ex Ind Exp journalist who exposed Harshad Mehta scam 🙂
[11:10] Shares Trader: ohokk
[11:10] Shares Trader: boring tradign day so far
[11:10] Shai C: IB rule in USDINR
[11:11] Shai C: sl abv dpoc
[11:11] Shai C: 55.38
[11:44] Kris 123: such beautiful days to trade!
[11:45] Kris 123: I am in the third trade for the day – vwap bands and IB high tell that it is safe to trade the range!
[11:47] Kris 123: ofcourse – when we are clear that we are looking at peanuts – we will collect peanuts!!
[11:49] Kris 123: done!
[11:49] Kris 123: it can go more – but – I am trading only peanuts – 10080-10030 !
[11:50] r m: peanuts in Andhra are quite large compared to what is available elsewhere 🙂
[11:51] Kris 123: @Rm – there are people here who trade 1K points a minimum – and 50 is peanuts/popcorn only – nothing more! 🙂
[11:52] Pasi C: we have 5 min candles?@shai
[11:52] r m: @Kris 🙂
[11:52] Pasi C: oh sorry we consider only volume and price na ok
[11:54] Kris 123: around 12.35 we should be above IB high – and away from vwap bands
[11:56] Arun Madan: Hai Shai.. GM… For the past few days I am just observing the OF charts and I need some clarification
[11:57] Arun Madan: Its only a basic information, can you spare now else after 3.30
[12:00] r m: @Arun, some basic info on the charts is given here – http://www.vtrender.com/content/trading-room-charts-explained
[12:00] Shai C: Hi Arun- sure you can ask your questions
[12:03] Arun Madan: whats is the yellow band and white band?
[12:03] Pasi C: blue OF plz@shai
[12:04] Shai C: yellow band is today's value area- where about 68.3 % of todat's trading took place
[12:04] Shai C: white bands are vwap extensions of the main orange vwap line
[12:06] Shai C: as a rule, the mkt has a 5 % chance of staying abv the white band
[12:06] Shai C: and when the mkt moves beyond these yellow lines, a trending move is possible intra day
[12:09] Arun Madan: when we initiate larger move either breaking of white band or yellow band?
[12:11] Shai C: if you want to initiate trades after 10.15 am IB period, the nest and safest trades are break of IB area
[12:11] Shai C: *best
[12:12] Arun Madan: where the Blue-Red indicator change right?
[12:13] Shai C: blue red is more of a swing indicator and tells you that mkt will stay up if blue and down if red
[12:14] Arun Madan: ok thanks Shai i continue my paper trade for some more time and mail you if further assistance requirerd..
[12:15] Shai C: sure
[12:15] Shai C: the alst change of signal was on fri at 4918
[12:15] Shai C: when siognal changes best to go with the signal with a 40 point stop
[12:17] J C: shai..do u data on how many points after the OFLsignal…the prob of it being successful is >=90%
[12:19] Shai C: that kind os data would depend on the day type when the signal was generated
[12:19] Shai C: diff to compute
[12:19] Shai C: but if we apply basic market profile, we can increase the odds of spotting the right signal
[12:20] J C: k..tx
[12:20] Pasi C: shai can I request u one thing
[12:20] Shai C: like 2 mondays back we broke abv the 4970 bracket
[12:20] Shai C: that was a strong buy even though OF was in at 4918 the previous day
[12:21] J C: sure…
[12:21] Shai C: same thing for the 5040 bracket
[12:21] Shai C: and 5135 on fri
[12:22] Shai C: sure Pasi
[12:24] Pasi C: The alternative ways(sms through twitter)we adopted to deliver calls is not serving the purpose@shai
[12:24] Pasi C: posting calls in announcements is the best way I feel@shai
[12:25] Shai C: ok, will try to work a way to display calls on screen
[12:27] Shai C: watch BN for a move abv IB hight to confirm
[12:28] Shai **: still good- [09:33] Shai C: buy abv 5121 only
[12:28] Shai C: let the EU volatility off play off
[12:28] Shai C: 12.30
[12:30] Shai C: http://www.forexpros.com/indices/indices-futures
[12:32] Shai C: that IB band trade has failed
[12:32] Shai C: mkt abv 55.39
[12:32] Shai C: 1.2620 in the euro and 82 in the dollar are imp ref points for this week
[12:33] Shai C: mkt abv 1.26 and dollar below 82 points to risk ON, good for equities
[12:41] Shai C: spain is up 5 % today
[12:56] Pasi C: Good vwap band trades today
[12:56] Pasi C: may test our patience to break IB today
[12:59] Shai C: euro selling off
[12:59] Shai C: broke 1.2620
[13:00] Shares Trader: greta..BD
[13:04] Pasi C: short below 5096 on in NF?@shai
[13:04] Shai C: yes small qty, sl 5106
[13:04] Pasi C: ok
[13:11] Shai C: not staying down
[13:11] Shai C: buy abv vwap will bring IBh again
[13:13] Pasi C: 5106  🙁
[13:14] Shares Trader: Shai, no algo ?
[13:14] Shares Trader: @ 12.58
[13:15] Shai C: no
[13:15] Shares Trader: k
[13:15] Shai C: Bn at 9993
[13:16] Shares Trader: ok
[13:34] Shai C: back to prem in NF
[13:35] Shai C: 5100 ce has not made new highs
[13:36] Shares Trader: Neutral cnetre or extreme ?
[13:37] Shai C: looks more of a center from here
[13:38] Shai C: can't rule out a move to 5144 though
[13:40] Pasi C: centre is 5110?@shai
[13:41] Pasi C: 5112?
[13:43] Shai C: 5112
[13:44] Pasi C: ok
[13:44] Shai C: buying coming in slowly
[13:44] Shai C: watching BN abv IBH for confirmation
[13:52] Shai C: just get the feeling that this new move from 5015 has enough steam for another 90 points
[13:52] Shai C: maybe by wed
[13:52] Shai C: If Bn continues the rally then a high probabaility sell on RBI day should come
[13:53] Shai C: * SELL on RBI news
[13:57] Shares Trader: whn is RBI meet Shai ?
[13:57] Shai C: next mon
[13:57] Shares Trader: thnx
[14:01] Pasi C: Green globe
[14:14] Shai C: vix is up today
[14:16] Pasi C: BN not confirming
[14:25] Shai C: european bears look at the next tgt ITALY- http://www.telegraph.co.uk/finance/financialcrisis/9323070/Italy-in-focus-amid-fears-of-contagion.html
[14:40] Shai C: some news coming from S&P
[14:41] Shai C: will go to pdh
[14:41] Shai C: 5092 algo
[14:43] Shai C: pdh hit
[14:45] Shai C: 9975 algo bn
[14:45] Pasi C: buy?
[14:46] Shai C: no buy till pdh crosses
[14:47] Rahul Goel: shai can we take this sell at 9960
[14:47] Shai C: this can bring 5050/ 5035
[14:47] Shai C: rahull wait for a small pull back
[14:47] Shai C: very extended below vwap
[14:47] Rahul Goel: ok
[14:48] Shai C: it 's news driven led by some neg s & P comments
[14:50] Shai C: Moody's will be called in before the day is up
[14:50] Shai C: 🙂
[14:50] J C: 🙂
[14:50] Rahul Goel: will try a short near ib low
[14:50] Shai C: S&P : India may become 1st BRIC Nation to lose Investment Grade
[14:51] Shai C: Notice the 'May'
[14:51] Shares Trader: 😀
[14:51] Shai C: plenty of space for a clarification
[14:51] Kris 123: When the vwap band is at ib high – and if we find it difficult to cross in the first couple of attempts – it is a safe sell – I guess this is another example- hope some one utilised this! 🙂
[14:52] Rahul Goel: Bn and nifty both giving sell at the same time
[14:52] Rahul Goel: now
[14:53] Kris 123: Is that algo at 9950?
[14:53] r m: 9975
[14:55] Kris 123: [09:29] Kris 123: https://twitter.com/cvkmohan/status/202680126213857280
[14:55] Kris 123: The exit was well timed! – Master you approve? 🙂
[15:00] Shai C: yes kris I'm your admirer 🙂
[15:00] r m: 🙂
[15:00] Shai C: algo at 9975/ 5092
[15:01] Shares Trader: Shai, did u imported data again..cz i can see NF algo @ 12.48 nw
[15:01] Shai C: yes I noticed that now too 🙁
[15:01] Kris 123: @Rm – copied the whole transcript – just in case shai claims that he lost connection – so that this transcript stays on vtrender 🙂
[15:01] r m: lol
[15:01] Shai C: 🙂
[15:03] Shai C: I think the key slap on the face is the use of the word first in that s&p communique
[15:03] Shai C: slap on the face for the government of course
[15:03] r m: the head of the govt is immune to slaps (on face or  elsewhere) 🙂
[15:04] Shai C: MMS's retirement is confirmed
[15:04] Shai C: along with a host of congress leaders unless they switch before the elections
[15:05] Shai C: staying below pdh now
[15:05] Shares Trader: VAH visit possible shai
[15:05] Shai C: ruppee has reacted so we can be in for a touch of 5033 tom
[15:05] Shai C: 25 mins left?
[15:05] r m: yep
[15:06] Shai C: BN is going lower
[15:06] Shai C: the holder of a sell will benefit
[15:06] Shares Trader: s..so today or tomoro open intresting
[15:06] Shai C: intra dayer from 9980 should book part here 9928
[15:10] Shai C: now RBi director talking down rate cut hopes
[15:10] Shai C: instant reaction in BN
[15:13] Shai C: ST is pushing NF along
[15:13] Shai C: no tom …happening right now
[15:13] Kris 123: 4914 is the fairest price last month – we reached 5114 today – 200 points – I rest my case! 🙂
[15:14] Kris 123: and – to repeat – we should continue with our bullish bias as long as 4914 is held!
[15:15] Shares Trader: 🙂
[15:15] Shares Trader: chk daily chart NF
[15:15] Kris 123: [10:26] Shai C: currently the paly is 3IB where we can have the highs made around IB or IB + few minutes
[15:16] Kris 123: 3IB at 5050 is done – Master – hats off! 🙂
[15:17] Shai C: No Kris- I was refering to a 3IB day from friday when highs get made in the first session
[15:17] r m: now low in the first hour tomorrow 🙂
[15:18] Kris 123: that is what happened – highs are made in the first hour – 3IB downside is my interpretation 🙂
[15:18] r m: 🙂
[15:19] Shai C: we should auction this zone tom
[15:19] Shai C: 5035- 5080
[15:19] Shai C: 2 fast moves- now market needs to auction it
[15:20] Kris 123: @Shai – so you think 5000PE+5100CE can be sold here?
[15:20] Shai C: a break below 5030 however can briong 4975/85
[15:20] Shai C: Kris expecting vix to keep rising this week as it is news filled
[15:20] Kris 123: so – no point writing then!
[15:21] Shares Trader: not very clean chart..bt Ok http://i45.tinypic.com/2s96a81.png
[15:21] Shai C: unless you want to hold it till next mon eve
[15:21] Shares Trader: so may b as Shai said..some rotations  n thn 4960
[15:21] r m: Thanks ST
[15:22] Shares Trader: itne gande chart ke liye kaisa Thanks RM
[15:22] Shai C: I saw in the daily the top today the same as 8th may
[15:23] Shai C: check that auction on 8th- 9th may
[15:23] Kris 123: so – more shorts will be brought in! – so I can retain my hopes of 5400 atleast! 🙂
[15:24] Shares Trader: ys Shai 8th may
[15:24] Shares Trader: same high
[15:24] Kris 123: @Shai – I guess it will be flat to negative opening tomorrow – is it?
[15:24] Shares Trader: 5125 on 8th May
[15:25] Shai C: menatime our euro bears have brought euro below 1.2626 again
[15:25] Shai C: day lows now
[15:25] Shai C: and a possible move by the es in the previous bracket 1288- 1329
[15:25] J C: carry shorts shai…
[15:26] Shai C: take some profits, but short is right
[15:26] J C: k…tx
[15:26] Shai C: good chance that we stay right here
[15:27] Shares Trader: VIx 6% +
[15:29] Shai C: 5000/ 5100 pe writers staying
[15:29] Shares Trader: my VAH targt missing by few points..n days over
[15:29] Shai C: it's done
[15:30] r m: Thanks friends, bye all, have a nice evening 🙂
[15:30] Shai C: 5037 vah
[15:30] Shai C: bye guys
[15:31] Shares Trader: bye all