Diary of a day trader - Part 2

[bthakwani]

the results for karnataka elections will start coming tomorrow.. almost all exit polls on tv showed good gains for congress.. if the results were to come in a similar fashion.. can that propell nifty above 6110 tomorrow..??

arrey koi to bata do...

 

[humble]

arrey koi to bata do...

Not sure just one state election can propel Nifty. My humble opinion.

FII's are scampering for buying, which is why everything is going up .

Humble

 

[humble]

Ok let me describe my problem.

Say There is a rally of 80-10 points in one day. The next day also there is an upmove of another 50 points. I just can't identify the trend. I always think that in two days it has gone up 150 points so there may not be much steam left ans I can't just identify when the trend is changing. When I identify It's too late.

Depends what's your strategy - timeframe, entry, trailing sl and exits.

What has helped me immensely which ST da shared in a different forum is to use a "MA" with a large value, for ex: 50 or 60. It is very simple and very effective to identify the trend. Plot it and you will figure it out yourself .

No rocket science to identify the trend.

With all due respects rocket science is this:

http://www.traderji.com/trading-diary/39288-diary-day-trader-799.html#post805549

Humble

 

[bear]

thread not active like before,but anyway shorted rcom at 112.7

 

[timepass]

HDFC results ... after 12??

 

[soft_trader]

thread not active like before,but anyway shorted rcom at 112.7

Good luck :thumb:

 

[soft_trader]

HDFC results ... after 12??

As far as I know it will be between 1:00PM - 2:30PM

 

[bear]

congress may opt for early elections as it has won karnataka polls, as per business standard article i have read 2 days back

 

[bear]

rcom gave me 2 rs formed doji yesterday on daily

 

[rajgreenpeace]

@TR plz b active again..........