BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
Market has really got into a nice swing now. With the bigger swings we made profits, now smaller swings taking away some gains. Today's swing long trade failed with a 17 points loss plus commission. Now the market looses bullish grip, starts to oscillate inside the value zone.
With bullish trend intact and the value zone moving up to 5234-5260, for the trend to change the market has to close below 5234. On taking off high of 5278, we still have long trades valid.
Our trend position is close to locking 200 points gains.
With bullish trend intact and the value zone moving up to 5234-5260, for the trend to change the market has to close below 5234. On taking off high of 5278, we still have long trades valid.
Our trend position is close to locking 200 points gains.
NIFTY has many interesting patterns
Daily chart opens out into a bullish trend but gets a down tick, while there are advancing bearish signs on the hourly charts. Whereas weekly is non-trending yet. NIFTY has turned down facing stiff resistance at the 5290 levels; now the market may stabilize, get support and resume its journey ahead to the next resistance at 5350 or has a probability to reach the daily value zone before making an attempt to the resistance. Value zone on the daily chart is at 5149-5114, NIFTY has to reach this level to get a swing long trade in the daily chart NIFTY,it to make a long downhill journey, while there are possibilities for an intersection in between the closing price of NIFTY and the value zone levels. If that has to happen market has to go sideways.
What is more likely? Checking with the hourly charts which has retraced very strong bearish divergence on both MACD and MACD Histogram, after having some failed long trades has a fairly good chance to turn into a bearish trend. On turning bearish we are likely to see the index near 5200 levels which at present has a very strong support and a congestion zone. Next would be 5165 levels from where we should see a strong bounce.
Today we have had some thrilling experience in the markets, Our overnight swing position got sold with a 35 points profit, while immediately we had another swing long trade with almost nullified the accrued gains. This month seems to be a month of the trend followers. The month of May was a swing traders month in which we had swing trades on the NIFTY futures giving a total profit of 470 points and trend trades giving 159 points gain. Comparatively this month is not up to May months gains. These are todays calculations, we are left with yet another 8 trading days which is 40% of a months total, anything can happen in the coming days.
There cannot be a one side journey any time in the markets, at some time if we have a run around winning trades, the next phase would be a give back period with a continuous streak of losing trades or at times can prolong with break even trades, like we witnessed today.
Trading your system with discipline having the strongest belief and faith will get the necessary reward in the long run.
Trend traders are enjoying a great weekend while Swing traders though not a worried lot have nothing to cheer. Very soon sun will shine on them too. Thank you, have a wonderful week end.
Daily chart opens out into a bullish trend but gets a down tick, while there are advancing bearish signs on the hourly charts. Whereas weekly is non-trending yet. NIFTY has turned down facing stiff resistance at the 5290 levels; now the market may stabilize, get support and resume its journey ahead to the next resistance at 5350 or has a probability to reach the daily value zone before making an attempt to the resistance. Value zone on the daily chart is at 5149-5114, NIFTY has to reach this level to get a swing long trade in the daily chart NIFTY,it to make a long downhill journey, while there are possibilities for an intersection in between the closing price of NIFTY and the value zone levels. If that has to happen market has to go sideways.
What is more likely? Checking with the hourly charts which has retraced very strong bearish divergence on both MACD and MACD Histogram, after having some failed long trades has a fairly good chance to turn into a bearish trend. On turning bearish we are likely to see the index near 5200 levels which at present has a very strong support and a congestion zone. Next would be 5165 levels from where we should see a strong bounce.
Today we have had some thrilling experience in the markets, Our overnight swing position got sold with a 35 points profit, while immediately we had another swing long trade with almost nullified the accrued gains. This month seems to be a month of the trend followers. The month of May was a swing traders month in which we had swing trades on the NIFTY futures giving a total profit of 470 points and trend trades giving 159 points gain. Comparatively this month is not up to May months gains. These are todays calculations, we are left with yet another 8 trading days which is 40% of a months total, anything can happen in the coming days.
There cannot be a one side journey any time in the markets, at some time if we have a run around winning trades, the next phase would be a give back period with a continuous streak of losing trades or at times can prolong with break even trades, like we witnessed today.
Trading your system with discipline having the strongest belief and faith will get the necessary reward in the long run.
Trend traders are enjoying a great weekend while Swing traders though not a worried lot have nothing to cheer. Very soon sun will shine on them too. Thank you, have a wonderful week end.
Swing Trade on the opening
With the markets rolling in the value zone and with a bullish trend in progress we have long trade options every time the market takes off previous bar high after piercing the value zone. Trade long above 5268.75 on NIFTY futures with a stop of 5222.
China currency valuation will play a major roll in the markets world over. Traders please watch out.
With the markets rolling in the value zone and with a bullish trend in progress we have long trade options every time the market takes off previous bar high after piercing the value zone. Trade long above 5268.75 on NIFTY futures with a stop of 5222.
China currency valuation will play a major roll in the markets world over. Traders please watch out.
Market gaps up in lieu of the China factor, that was the weekend transformation for the markets this week. Though the US markets closed flat with marginal gains, Asia opened strong.
Our swing traders were again left out, that is the dynamics of the markets, it plays tricky every moment with a different group.
Our trend position is close to reaching a whopping :clap:300 points gain:clap:. This makes sense, trading on both Swing and trend will keep us logged in & gain with the moves of Mr. Market.
Trend followers, enjoy the bull ride. Have fun.
Our swing traders were again left out, that is the dynamics of the markets, it plays tricky every moment with a different group.
Our trend position is close to reaching a whopping :clap:300 points gain:clap:. This makes sense, trading on both Swing and trend will keep us logged in & gain with the moves of Mr. Market.
Trend followers, enjoy the bull ride. Have fun.
NIFTY up and flying
NIFTY is flying high again after a brief touchdown. Our Trend long position has done a :clapping:320+ points gain at the peak:clapping:. Indicators show very strong multiple bearish divergences, a strong indicator signal goes false it is an indication that something under the bottom of the markets is brewing strong along with the tide. Being with the flow is the safe bet, do not use any judgment to exit long positions premature, run along as long as Mr. Market is going to make his relentless run.
Value zone has moved up to 5271-5244 which has locked above 200 points for our trend position. Swing traders became a butchered lot with no entries when the market is flying and rather having some whipsaw trades when Mr. Market withered on Friday.
Divergences show that there is a turn around the corner, where the actual corner is? Is the question now? Hopefully this question will get its answer in the coming few hours.
NIFTY is flying high again after a brief touchdown. Our Trend long position has done a :clapping:320+ points gain at the peak:clapping:. Indicators show very strong multiple bearish divergences, a strong indicator signal goes false it is an indication that something under the bottom of the markets is brewing strong along with the tide. Being with the flow is the safe bet, do not use any judgment to exit long positions premature, run along as long as Mr. Market is going to make his relentless run.
Value zone has moved up to 5271-5244 which has locked above 200 points for our trend position. Swing traders became a butchered lot with no entries when the market is flying and rather having some whipsaw trades when Mr. Market withered on Friday.
Divergences show that there is a turn around the corner, where the actual corner is? Is the question now? Hopefully this question will get its answer in the coming few hours.
As NIFTY continues on its uphill journey averages have started moving up to catch up with the speed. Value zone moves up to 5253-5284, every move up is an additional profit lock for us. Trend trade is adding more and more to its peak profits.
MACD histogram moves up above zero and shows some strength, will the super strong indicator surpass previous peaks to give a new high on the NIFTY? This is going to be an amazing event to be watched.
MACD histogram moves up above zero and shows some strength, will the super strong indicator surpass previous peaks to give a new high on the NIFTY? This is going to be an amazing event to be watched.
Continued bullish moves on the hourly chart of NIFTY makes it come closer to the previous high level. Will the market push NIFTY past previous high on daily (5398) or the resistance there would force it to take some rest there? While this has to be watched, value zone moves up to 5261-5296, locks 225 points on our trend long position.
Value zone moves up to 5270-5307, locks 235 points profit on the trend position. Nifty takes off nearest peak on the MACD Histogram, this adds strength to the markets present move.
Trend positions holders, just keep holding there seems to no action likely today. Enjoy gains with every incoming hour.
Trend positions holders, just keep holding there seems to no action likely today. Enjoy gains with every incoming hour.
MACD on NIFTY peaks
While NIFTY is managing to hold at the top, MACD has given a new high, now this adds more strength to the prevailing bullishness which indicates that the bullish move is likely to continue for some more hours. What this means? A new high on NIFTY is for a calling. Wow! Isnt it amazing that a intraday trade has gone into such a long journey. The last we have had these type of move was in July 2009, a repeat has come just close to a year from the previous event.
This is why it is said in the financial jargon, only the event changes the patterns remain the same. That is human psychology.
Value zone moves up to 5284-5323 which has locked 250 points profit to our trend long trade. There is no one to thank, its your discipline to trade your system that has given this rich reward.
While NIFTY is managing to hold at the top, MACD has given a new high, now this adds more strength to the prevailing bullishness which indicates that the bullish move is likely to continue for some more hours. What this means? A new high on NIFTY is for a calling. Wow! Isnt it amazing that a intraday trade has gone into such a long journey. The last we have had these type of move was in July 2009, a repeat has come just close to a year from the previous event.
This is why it is said in the financial jargon, only the event changes the patterns remain the same. That is human psychology.
Value zone moves up to 5284-5323 which has locked 250 points profit to our trend long trade. There is no one to thank, its your discipline to trade your system that has given this rich reward.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | BraViSa Commodity Calls | Commodities | 81 |