Daily Tryst with Nifty

[Sunil]

inv-H&S with NL xx70
it's also 20SMA in 5min....

target = 4520 negation = 4435

but such patterns usually form after sharp downmove and may not fructify - take your call


My guide for this= 20SMA in 1min

booking most longs here at xx83 - TL from up

4490 completes 38% retracement from peak (4610) and 62% from base of H&S - 4530

surprise.........
Inv H&S target nearing = 4520

now at 4530 - test of the H&S' neckline..
exited balance there........

wish I had carried more

 

[Sunil]

what a day....
first a successful 80pts H&S break
and now Inv H&S fructified too with 50pts!!!

 

[Sunil]

 

[AW10]

SM, I think I have found answers for most them in last two weeks...you will see the change...

WOD, not sure if you have come across this thread/post or not.
Someone was asking for guidence on developing trading plan long back and I made a post there. There is another nice post by Uashish there.. Plz chk them. Hope that helps in answering some of your questions /doubts.

http://www.traderji.com/technical-analysis/24388-ready-start-journey-help-needed-build-trading-plan-2.html#post230237

Happy Trading

 

[MurAtt]

What fun ....

I think that is why Nicco Parks and Essel World are not doing so good nowadays
Everybody coming to NSE for free Rollercoaster ride

Rollercoaster not available in 90% of amusement parks in India

 

[WOD]

WOD, not sure if you have come across this thread/post or not.
Someone was asking for guidence on developing trading plan long back and I made a post there. There is another nice post by Uashish there.. Plz chk them. Hope that helps in answering some of your questions /doubts.

http://www.traderji.com/technical-analysis/24388-ready-start-journey-help-needed-build-trading-plan-2.html#post230237

Happy Trading

No, I did not read that before but then I will read may read it tonight.....frankly don't wanna read it cause it seems like it is just another forum member trying to review her TPlan.....

Now enough of reading and talking about psychological, technical and risk management things.
Its time for action now; its time for applying all the said things above that I learned from you in a proper way......

I know I need to have one system; backtested prides system last two nights and found it very good and simple..........done enough study till now on NR7, Fibonacci, Divergence trading, Elliot waves.......Also have realized the importance for having respect for the risk.......

Now thats all I needed.......

only talks leads to poority while actions lead to prosperity.....

Now its time for applying the things..........I want to move on to the next level now....

 

[MurAtt]

Neg Div on Nifty 5min Spot

 

[earlydews]

WOD, not sure if you have come across this thread/post or not.
Someone was asking for guidence on developing trading plan long back and I made a post there. There is another nice post by Uashish there.. Plz chk them. Hope that helps in answering some of your questions /doubts.

http://www.traderji.com/technical-analysis/24388-ready-start-journey-help-needed-build-trading-plan-2.html#post230237

Happy Trading

can i know the name of the software use for tracking nifty ( the one above)

 

[MurAtt]

Bad day today for me :-

Had bot strange at 23+35=59, sold at 73+6.5=79.50 excl of brokerage.
(Kuch aaya but that made up for the loss in the straddle bot the day before)
Bot 2x4400CE @ 90, sq off at 96 then went on to 120
(Kuch aaya but that again made up for the loss in a PE purchased and made loss)
Placed order for RIL 1890CEx1 @ 25.3, went to 25.4 and then to touch 40+

Very bad

Thoda aur discipline and less disturbance required

 

[WOD]

Bad day today for me :-

Had bot strange at 23+35=59, sold at 73+6.5=79.50 excl of brokerage.
(Kuch aaya but that made up for the loss in the straddle bot the day before)
Bot 2x4400CE @ 90, sq off at 96 then went on to 120
(Kuch aaya but that again made up for the loss in a PE purchased and made loss)
Placed order for RIL 1890CEx1 @ 25.3, went to 25.4 and then to touch 40+

Very bad

Thoda aur discipline and less disturbance required

Yup, SM same is here.....but need to take some serious and disciplined action now......