Dear Saint,
I had never read ur threads meticulously earlier. So have no idea about ur trading strategies. Now after reading this thread, am watching the similarities with my very own or even it is similar to the throusands of successful traders (as a moderator u can check my deleted posts where swing trading calls were given, except those were given based upon chart patterns).
In my small trading life I have hardy used any indicators/oscillators to trade. Thus there is no question of any filtering system or any automated formula etc. The same thing I had told in this forum earlier. But every time I was critisised by some members. I still remember some of the comments " go and teach these kindergarden stuff to the kids" etc.
The critism helped me a lot to concentrate on my own trading rather than giving calls in the forums and getting applauds. Today I have totally stopped giving calls to others. What is the benefit of doing this.....only I know.
The purpose of this posting is to express my pleasure, that u have made it possible to make others in believing that successful trading is not impossible without a complicated or formula based system instead of using a basic concepts of pivots.
All the very best to u.
regards
dev mookerji
Thank you Dev......Welcome back.Let bygones be bygones........and looking forward to some good posts from you in the future.
And remember Dev an important thing:Nobody likes anyone who says,"Hey,Nifty is at 4300....just watch,it's going to go to 4325
......"and then,"See,I told you so...
..."
The game in this thread is for much bigger gains,but more importantly,it is to have a Plan and adhere to it.And at the end of the day,we might post,"........made 600pts."But there will be no,"I told you so."or "We are the best"........There is a Plan,a strategy and executing that strategy.And when it is done to Perfection,we pat ourselves once and look to put in our next trade.
Please take the above as an advice from my end...........we are traders,and we in this thread are dependant on the Flow of the Market to give us our gains.Let us never become haughty and vain,drunk with our success , ............. for the Market and Life has a way of luring you into overconfidence and complacency......and then comes that all might thwhack that becomes a killer punch,too strong to recover from.
So let us always remain humble.....
May great success be yours........And once again,a welcome back to Traderji and to this thread.
Saint