Our Trade Setup analysis about market
Here comes some of our thoughts for educational purpose to help you to read OrderFlow data and our auto S/R indicator behaviour.
May
Nifty probably have potential upside
Nifty have created a rectangle chart pattern on Daily, hourly timeframe. The pattern started on 10-04-2024 and completed on 23-05-2024. The potential target of the pattern is 23800
May
NiftyBank also has a Bullish Triangle Pattern
NiftyBank has created a Bullish Triangle chart pattern on Daily timeframe. The pattern started on 26-10-2023 and completed on 16-05-2024. The potential target of the pattern is 54550
Learn Realtime Live Order Flow Data Analysis Technique
Order Flow is all about volume. Only with Volume Bar indicator one can not get the actual behavior of the volume. To understand the volume well one needs to learn the order flow theory which actually works in live market scenario.
Intra-Day Delta Divergent
With this technique one can understand the huge divergent in 15min timeframe..
Expiry Day Data Formation
On expiry day we can see some kind of seller trap on 15min timeframe. Thus it makes to guess the next probable short covering in the market.
Gapup / Gapdown Analysis
A theory which can be used to analysis the closing market data to get an idea of next day opening.
S/R Strength
We all can draw the Support / Resistance line, what if we could know the rejection strength of that level? A private trading view indicator helps you to do that.
Previous Day Close and CPR Analysis
A simple technique to match future contract closing price and the CPR level to get one strong level for the next day.
Volume Size Analysis
Depending on the volume size and buying selling qty on a given timeframe a lot of things can be understood.
Orders and Strength
This two combination of indicator creates the smart money trend and find the orders created by Smart Money. Also creates a buffer zone for the reversal.
Works in All Timeframe
One can use this indicator in all timeframe as per their analysis style.
Support all script and market
This indicator works on almost all scripts and markets.
Learn OrderFlow technique and use Smart Money indicator to create amazing levels and avoid misktakes.
Enroll Now! Get the Indicator Now!How should I create my trade setup ?
Trade setup is something gives you a clear idea about the market. Over the period of time, I have found that you need a real-time data about the script you are analysing.
So, order flow analysis is something which does this job. Also, along with this data drawing a proper support / resistance line in various timeframe is key.
Problem is while drawing this with the help of trend line there is a chance of human error and mistakes.
So, a proper automated and support and resistance line is really important to save the time so that you can actually focus on the trading. So, in short, my trade setup is the order flow chart and one indicator created by which draws finest support / resistance line.
How to get today's market view ?
To plan today’s market view you need to know what exactly has happened yesterday. What I mean is how much actual net quantity of future contract has been bought / sold throughout the yesterday.
Also what is the buy sell value of the ATM and near ATM option contracts. And all that information you need on live market. Because then only based on the data you plan out the decision for tomorrow.
So to get all that information on the live market you need to have the access of order flow chart which given data in real time on the live market.
Does a proper training really important for a trader ?
The direct answer is No. But the thing is what you can achieve in 1 week by a professional training the same thing will take more than a year to understand and perceive.
So if you are planning this trading as a business then you should go through a professional training.
Is there any way to get FII footprint on live market ?
By FII data if you want to mean that large quantity of specific buy / sell transaction on a very small price range then yes with order flow and my trade setup you can identify the large volume of specific transaction within a very small price point.