Day Trading Futures

[Smart_trade]

rajbahiii torpedo man

Tomorrow a new torpedo of 6500 will be fired.....but his view on the market is right.

Smart_trade

 

[arcus]

Tomorrow a new torpedo of 6500 will be fired.....but his view on the market is right.

Smart_trade

The Sensex chart of 2012-2014 looks pretty similar to the 1982-84 chart.

Even then we had this slow grinding slightly upward sloping channel for around 2-3 years.

 

[Smart_trade]

The Sensex chart of 2012-2014 looks pretty similar to the 1982-84 chart.

Even then we had this slow grinding slightly upward sloping channel for around 2-3 years.

Bull market always builds in slow grinding upmove. Only in the last leg of the bull market we have euphoric steep rise and in this phase cats and dogs start rising and every trader/investor with 2 months experience thinks that he is born to become new Warren Buffet or Michael Marcus and the blow off phase sows the seeds of next severe multi -year bear market. This sequence continues with predictable pattern.

Smart_trade

 

[LivetoTrade]

Tomorrow a new torpedo of 6500 will be fired.....but his view on the market is right.

Smart_trade

 

[arcus]

Bull market always builds in slow grinding upmove. Only in the last leg of the bull market we have euphoric steep rise and in this phase cats and dogs start rising and every trader/investor with 2 months experience thinks that he is born to become new Warren Buffet or Michael Marcus and the blow off phase sows the seeds of next severe multi -year bear market. This sequence continues with predictable pattern.

Smart_trade

Yeah. Its possible to see an year or so bull market but I dont think we will see a multiyear secular bull run.

For a secular bull market to begin we always need massive undervaluation and pessimism to preceed it.

Before the 1988-1992 bull market we had a massive multiyear bear market.

Similarly before 2003-2007 bull market we had a massive multiyear bear market.

The indices have a PE of around 18 right now, so they are pretty much at their historical averages.

 

[Trader_PK]

Yeah. Its possible to see an year or so bull market but I dont think we will see a multiyear secular bull run.

For a secular bull market to begin we always need massive undervaluation and pessimism to preceed it.

Before the 1988-1992 bull market we had a massive multiyear bear market.

Similarly before 2003-2007 bull market we had a massive multiyear bear market.

The indices have a PE of around 18 right now, so they are pretty much at their historical averages.

As a trader wherever it go I don't care ...now it back to 6400 .. means uncertainty ..means volatility (this is what we want)

I dont want it again to go back 6100-6200 .. stay there for months

 

[XRAY27]

Gm,
TJ's

THOUGHT FOR THE DAY

"I always laugh at people who say "I've never met a rich technician" I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician"

- Marty Schwartz.

 

[niftyoption]

GM
TJ

THOUGHT FOR THE DAY


"Some traders are born with an innate discipline. Most have to learn it the hard way."

J. Welles Wilder

 

[pratapvb]

Me, I shot myself in the foot again today, with another Rs. 3000 loss

Kept buying BNF puts on each stochastic divergence. But the price never really diverged much. So I managed to convert small profits of the morning to a huge loss.. I guess I won't be posting my daily report today.

would like to point out 2 things

even if not using vwap (note in vwap +1SD was never violated after 10am), the gold and green band never got violated during the day....they were just sideways or pb to those zones

 

[pratapvb]

and the 2nd pt is

when the higher TF (15min or higher) is above RSI70 trying to trade divergence on lower TF (5min) is dangerous as pullbacks will be shallow

after 12pm even RSI of 15min was above 70 throughout....this shows high momentum