OrderFlow charts and Text from Room 06/08

Bnf_2 Nf_2

 

General Chat Transcript

 

Room Name: Vtrender
Date and Time: August 06, 2014 09:22:22

[08:55]   r m : Good Morning folks!
[09:00]   Shai : Gm all
[09:01]   Shai : http://vtrender.com/levels-and-plan-for-6th-aug/
[09:06]   r m : SBI results on 8th August
[09:10]   r m : pre-market suggests open at 7750/15300
[09:11]   Kathir : GOOD MORNING Shai RM all
[09:14]   r m : Hi Kathir
[09:20]   Shai : Open near the critical 7740- 7746
[09:21]   Shai : No follow up on Neutral extreme
[09:22]   Shai : could swing 7706-7746 or 7746- 7784 with 7746 being pivot
[09:26]   r m : NF seems to have more blue
[09:27]   Shai : yes buyers
[09:28]   Shai : vwap/dpoc centered so OTF not in
[09:28]   r m : ok
[09:28]   Shai : more likely rotation day
[09:28]   Shai : also inside in NF
[09:32]   Shai : more buyers in 1st 15 mins
[09:32]   Shai : showing that they want to hold 7740
[09:34]   Amit J : but buyers missing in bn
[09:38]   Shai : yes
[09:40]   Shai : NF will rotate 20 points eirther side of 7746 today
[09:40]   Shai : that vwap/dpoc is too centered
[09:41]   Shai : BNF weak below the 3 day avg of 15300
[09:57]   Shai : The vwap values in charts are trade weighted prices against the volume weighted ones we are used to . Hence would be differing by 2-3 points
[09:57]   r m : ok
[09:58]   Shai : IRT believes that these are more accurate representation on intra day charts
[09:58]   Kathir : IRT?
[09:58]   r m : they could have offered both alternatives
[09:58]   Shai : Yes I asked them to
[09:58]   r m : ok
[09:59]   r m : @Kathir, Investor RT- the software used by Shai
[09:59]   Shai : they are giving this as default option in tick charts which go by trade data
[09:59]   r m : ok
[09:59]   Shai : IF i go to one min non trade based ordinary chart then the vwap is volume based
[10:01]   r m : right
[10:01]   Shai : IB almost getting done
[10:01]   Shai : NO OTF
[10:02]   Shai : BNF a short again at vwap/dpoc
[10:02]   Shai : sl would be 15278 val
[10:02]   Shai : tgt back to 15180
[10:03]   Shai : short near 15253
[10:06]   Shai : sl has to be 15278- abv 15278 would mean day high again
[10:19]   r m : exact 180 done!
[10:20]   Kathir : superb
[10:22]   Kathir : @RM now this 15150 seems to be a big support and what wld be the trgt if it breaks?
[10:22]   r m : 14960, hypo 2
[10:24]   r m : a deep well below 14960 😀
[10:24]   r m : http://vvcap.net/db/eKgSzFr0FjWI06qLpNxv.htp
[10:30]   Kathir : ok thanks
[10:35]   Shai : posted yesterday’s orderflow and it showed bi buyers near 180
[10:35]   Shai : https://www.dropbox.com/s/nib52br89ukijnv/OF_BNF_10.png
[10:36]   Shai : Even now that dip to 15180 saw lots of blue
[10:36]   r m : ok
[10:37]   Shai : But open is a drive today and if sellers keep it below vwap/ val then they will be under pressure
[10:37]   Shai : But abv that 15278 is that easy long trade with sl 15240 for 15340
[10:38]   Shai : abv 15278 will be today’s sellers under pressure
[10:38]   Shai : classic auction theory
[10:56]   Shai : 2 mins just scrubbing some data in cnxit
[10:57]   Shai : Looks like a short term top in cnxit
[10:58]   Shai : but price confirmation is below 15380 only
[10:58]   Shai : and if that is true then BNF may just hold 15180 again today
[10:58]   Shai : as of now Buyers are coming in BNF
[10:59]   Shai : battle is at vwap
[11:51]   r m : bn staying above vwap
[11:55]   Kathir : low volume day
[11:59]   r m : yes
[12:01]   r m : sellers
[12:10]   Shai : 15180 is tested
[12:12]   Shai : 7719
[12:12]   Shai : 7717
[12:13]   Shai : 7695- 7705 is last supp
[12:13]   Shai : below that yesterday’s lows
[12:16]   r m : 7723 was yesterday’s vwap
[12:18]   Shai : yes and friday fall
[12:18]   Shai : and monmday high I think
[12:18]   Shai : *monday
[12:18]   r m : yes
[12:18]   Shai : we are auctioning last friday
[12:19]   Shai : had to stay abv 7746
[12:19]   r m : should NF be shorted below day’s low or only below 7705 now?
[12:21]   Shai : beyond vwap
[12:21]   Shai : Not a place to short
[12:21]   r m : ok
[12:22]   r m : so the possible trade now is either buying when there is enough blue or wait for a pullback to short
[12:23]   Shai : yes
[12:23]   r m : Thanks
[12:23]   Shai : buyers are here
[12:23]   r m : that algo in BNF is a buyer?
[12:24]   Shai : No – looks like someone’s seell order got executed
[12:24]   r m : ok
[12:24]   Shai : could be one of the buyers from yesterday
[12:25]   Shai : back at IBL
[12:26]   Shai : let;s see if sellers come back in NF
[12:26]   Shai : High risk short is at 7731 with sl above 7747 for 7606
[12:27]   Shai : *7706
[12:27]   Shai : IBL to 2IBL
[12:27]   r m : ok
[12:35]   Shai : seller there at IBL also
[12:38]   Shai : If he breaks 7706 then all the way to 7652
[12:38]   Shai : maybe not today
[12:38]   Shai : nut on by tom
[12:38]   r m : ES fell yesterday by 10 points
[12:40]   Shai : I’m tracking the spx cash and that broke 1934 supp
[12:40]   r m : ok
[12:40]   Shai : so that should do 1884 next but there was some buying visisble from the 1914 zone last time
[12:41]   Shai : mid june
[12:49]   Shai : buyers
[12:49]   Shai : exit shorts abv 7736
[12:49]   r m : fast climb this time
[12:49]   r m : ok
[12:50]   Shai : yes bouncing from poc 7716
[12:51]   Kathir : @Shai dpoc and vwap @ 41 range ..will that be a better SL for this short?
[12:52]   Shai : No
[12:52]   Shai : has to come below IBL again
[12:52]   Kathir : ok
[12:52]   Shai : or get rejected abv 7746 again
[12:52]   Kathir : ok thanks
[12:52]   r m : it is flying now!
[12:53]   Kathir : 🙂
[12:54]   Shai : 5 point stop triggered – we could have cut out at 7717
[12:55]   r m : yeah, it gave an exit opportunity
[12:55]   Kathir : bnf above vwap now
[12:58]   Shai : 7700 pe additions from open- https://www.evernote.com/shard/s246/sh/accf4b3a-8540-4908-86d6-148fb3877809/59a0291e78d8270db4e27f0126bebe7f
[12:58]   Shai : RM, I shifted to skitch – I use that on my phone
[12:59]   r m : ok
[13:01]   r m : vvcap failed many times, rejected by me too 🙂
[13:02]   Shai : I need annotations
[13:02]   r m : yes
[13:03]   Shai : I was gonna buy from techsmith and then I decided to see if skitch was there on windows
[13:03]   Shai : saved 50 $ 🙂
[13:03]   r m : good
[13:05]   Shai : It’s good if you are already with evernote
[13:05]   r m : ok
[13:07]   Shai : technically defense of 7720 region – Now likely to go to 7804 tom , sl for the view is 7706
[13:08]   Shai : can also buy abv 7756 with sl of 7720
[13:08]   Shai : we could have another neutral day if we cross IBH now
[13:10]   r m : jing is ok, can do some basic notation – http://screencast.com/t/GGEYpxCbFfN
[13:11]   Shai : I liked Jing and was a heavy user earlier
[13:11]   r m : ok
[13:11]   Shai : don’t know why I stopped
[13:11]   r m : that is also by techsmith
[13:12]   Shai : yes
[13:12]   r m : i think Jing is relatively heavy on resources
[13:24]   Shai : ok
[13:24]   Shai : eith NF closes at 7746 today or ,makes a neutralo day and closes up
[13:24]   Shai : *either
[13:25]   Kathir : bnf shai
[13:26]   Shai : BNF in a tough place- previous buyers near 15180 and morning sellers holding vwap
[13:26]   Kathir : ok
[13:27]   Shai : Still 15256- 15258 ref for new longs
[13:27]   Shai : if crossed then day high with vwap as sl
[13:27]   Shai : else close at lows
[13:27]   Kathir : ok
[13:40]   r m : that means every touch of vwap from below can be shorted with stop and reverse at 15258 🙂
[13:45]   r m : too much testing of buyer at 180!
[13:54]   Kathir : they are being tested for the past one week 🙂
[13:54]   r m : solid foundations!
[13:54]   Kathir : yes
[13:54]   Kathir : your short was right..did u trade
[13:55]   Kathir : 13:40 r m: that means every touch of vwap from below can be shorted with stop and reverse at 15258 🙂
[13:56]   Kathir : perfect view
[13:57]   r m : 🙂
[13:57]   r m : perfect but theoretical
[13:59]   Kathir : 🙂
[13:59]   Kathir : mostly our theoretical views is success 🙂
[13:59]   r m : if BNF sellers and buyers stand firm till evening then that views can give the monkey (the one who distributed the bread between two cats) earning to trader!
[13:59]   r m : 😀
[14:00]   Kathir : 🙂
[14:00]   r m : in theory we overlook the losing part 🙂
[14:00]   Kathir : yes ge
[14:01]   r m : the problem in above theory is that BNF may begin oscillating between 260 and vwap and hit stops on both sides 😀
[14:02]   Kathir : anything can happen if we trade
[14:02]   r m : yep
[14:03]   r m : not only can but it does happen 🙂
[14:03]   Kathir : 🙂
[14:04]   Kathir : your theory today gave two successfull enries from 230-180
[14:06]   r m : that happened before theory was formulated with the help of 20/20 hindsight 😀
[14:06]   r m : looks like some buyers trying to sneak in
[14:06]   Kathir : 🙂
[14:07]   Kathir : buyers expect somebody to come and take charge above vwap..
[14:08]   Kathir : this time NF above vwap again
[14:08]   r m : let us see if last hour buying happens today
[14:09]   Kathir : ok give me a call for last hour.RM special
[14:09]   Kathir : TTB requires a call from RM
[14:10]   Shai : even on a poor range day the 2 pm move was 20 points
[14:10]   r m : yes
[14:11]   Shai : BNF morning sellers are in control
[14:11]   r m : @Kathir, only issue is that this one will be from GTB – Guarantee to Bankruptcy 😀
[14:11]   Shai : stronmg chances of close at lows
[14:11]   Kathir : lol
[14:11]   r m : ok
[14:14]   r m : only 2 days out f 10 previous days NF did not rise to the occassion in the last hour even when it was in dumps – http://screencast.com/t/ls2cfEwGDKI
[14:15]   r m : but those 2 occasions did all the damage 🙂
[14:18]   Shai : Nice . Thansk
[14:18]   r m : welcome
[14:19]   r m : looks like markets off to nether lands
[14:21]   r m : @Kathir, are you buying BN at lows, an algo is there every time 🙂
[14:22]   Kathir : how many time i can buy near lows ge..it is creating new lows only
[14:22]   r m : lol
[14:23]   r m : no new low created in last 3 minutes
[14:23]   r m : 😀
[14:27]   Kathir : @RM where are the buyers who took NF from 650 to 780 yest ?
[14:27]   r m : waiting at 650 to have a second 100 point trip 🙂
[14:27]   Kathir : 🙂
[14:37]   r m : 7706, next stop buyers at 7650!
[14:39]   r m : vwap band is watching price go by with no reaction in NF
[14:40]   r m : @Shai, that vwap being based on trade instead of volume may be having impact on sd bands too?
[14:41]   Shai : no
[14:41]   r m : ok
[14:42]   Shai : the only diff is that when vwap is based on volume it takes into account all the volume based on bid ask
[14:43]   Shai : this vwap takes trades based on uptick /down tick
[14:43]   r m : ok
[14:43]   Shai : there’s a minor diff in classification of the trades as buys or sells
[14:47]   Shai : buyers came at 7690
[14:47]   r m : yes
[15:10]   Kathir : Bye all
[15:13]   r m : Bye Kathir
[15:17]   Shai : another 3 IB day
[15:17]   Shai : Headed now for 7652 again
[15:17]   Shai : globe is every shaky
[15:18]   Shai : wonder how yesterday’s buyers at 7655 react tom
[15:19]   Shai : 15180 now res in BNF
[15:30]   Shai : updown ranges from last few days
[15:30]   r m : Thanks and bye folks, have a great evening 🙂
[15:30]   Shai : Bye all
[15:30]   Shai : Have a nice eve