You obviously have a long way to go, it seems, interms of accumulating screen time, and execution discipline.
I could give 25 people a reasonable winning system, and most will end up loosing money.
If yesterdays direction was so clear to you, then let me congratulate you.
Though I know a few hedge fund traders, trading a corpus of a few hundred crores, that barely were able to break even on their day trades.
By the way, these guys have a team of 30 people, who analyse the markets, with all the fancy bells and whistles that a trader could ask for.
Including a co located server with their OWN RACK ( full rack ) at the NSE.
Looks like you have a great future, if you continue to make such excellent predictions.
You will be snapped up in an instand by some FII or hedge fund manager, its just a matter of time.
Congratulations once again, for outperforming at least one hedge fund yesterday. May you continue to do so.
though you are sarcastic, let me tell you any one with a close following of indicators and news flow can predict yesterday's short selling.
Incase you still doubt me, i put a lot of effort in analyzing a day's and week's progress every evening after the trading ends. I analyze the past 12 days intraday data available in NSE NOW everyday to attain for a opinion on how it is going to be on the next day.
there is a saying in the market. History always repeats. So, i take care of past data of until 2008 everyday to see what the candle patterns have been saying and how the next day behaved in conjunction with present day candle pattern in the last.
I take care of 3 indicators, CCI, MACD, ADX and match the present day's indicator positions with the same indicator positions that happened in the past for 3 years. Even then, i dont come to a conclusion, but i arrive at a probability of market behavior for the next day.
I am telling you how i prepare for a particular trading day only to let you know that i am not just passing time here and making bullshit comments on AuguBhai. If i really wanted to do that, i would not have researched the pin bars as soon as he quoted them and specify him what the mistake he might have encountered in the last two days(you can see it in the previous page). The only thing i want to do is - involve with many people who have more diversified strategies and improve one after the other to design a mmore profitable system for myself and in the process helping the other person too. I am a freelance member of Technical analysis research team in Indian school of Business - hyd. so i guess i am getting better in analysis than most of my counterparts - considering the amount of hardwork i put in every day and night. so, i took the liberty of passing a comment on augubhai's strategy.
I have never said that he is an idiot or something like that.. only thing i demanded is that i wanted to know his entry and exit points. and the reason for that demand is clearly said by me above.
My sole intention here is only to help Augubhai, but not undermine him or despise him or bring down his confidence. Since it has come to this level, i'd better get off from this thread for a while.
Tx. nothing said above is intended to hurt anyone or undermine anybody's strategies or intellect. period.