How one trader made $2.4 million in 28 minutes by a tweet

An options trader made more than $2.4 million based on a single news wire in just 28 minutes. Nice work if you can get it.   Quicker than any human seemingly could have done it, someone—or rather something—bought $110,530 worth of cheap options on Altera, a company that makes digital circuits. Over the next several minutes and until the end of the day, as...

Read More

Trade with Doji in intraday

It is similar to spinning tops but it has a very small body. It also represents indecision in markets. Neither bulls nor bears are in control. Generally. the trend reverses from that point. So, its better to take some profits off the table when this is formed. ...

Read More

Trade with spinning tops in intraday

Japanese candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important. The pattern indicates the indecision between the buyers and sellers. If we are already holding a position and in good profit then we can book profit as the trend might might reverse from this point. ...

Read More

Trading with Shooting star in Intraday or delivery

It is single candlestick pattern It is the exact opposite of hammer. For reversal from uptrend to downtrend the following conditions should met. 1. Occurs after uptrend. 2. Should form at resistance 3. Ofcourse high volume (buyers should get trapped). The name shooting star is apt as the prices keep falling after that like a shooting star until it touches to the ground...

Read More

How to trade with hammer in intraday

Hammer is a pattern which has small body compared to the tail. For intraday, we will look at 5 min time frame. It generally leads to trend reversal from downtrend to uptrend but there are some other conditions that should occur for this to happen. 1. Volume should be there. 2. Previous downtrend. 3. Hammer with a good tail. 4. It should not overlap with at least previous...

Read More

Swing Trading with McDowell-N

There is a hammer formation on the weekly chart of McDowell although it does not have a good tail. But, we have other compelling reasons to take this trade. The stochastics is still in oversold region and  hammer is formed at the support. Also on daily, there was a bullish engulfing pattern at the support and the stock has already started going up. So, we are bullish...

Read More

Intraday Trading in india DLF

Buy DLF target 117. There is a bullish engulfing pattern and a positive divergence in the stochastics oscillator. ...

Read More

Intraday trading in india

Trading with divergence in oscillators. For high probability, look for atleast 3 bumps in the stochastics oscillator. ...

Read More

Technical analysis - Intraday trading in india

The following links are good for learning price action. They have enough examples to clear things up. http://zerodha.com/varsity/wp-content/uploads/2015/05/module2-1.pdf http://zerodha.com/varsity/wp-content/uploads/2015/05/module2.2.pdf NSE has got one module for technical analysis. http://www.nseindia.com/content/ncfm/CourseOutline_TAM.pdf For intraday trading, we will look at 5 min time frame. But, before making any trade, we will take ...

Read More