i was waing for ths trade but the pric never touched the trendline but then went upwards. how to buy if the price has not touched the trendline as in the above image?
Thanks for this thread. This is my first posting on UMS.
Below is Nifty Weekly chart.
1. Please confirm if this is a valid UMS. I believe the BRL line is steep.
2. Would you take this trade? If no, why not?
3. Should we wait till the end of the week on weekly chart to confirm the trade and then trade?
Copper hit the upper end of the triangle in the downtrend and is correcting today. Attached is the daily copper chart, we are inside the triangle on the daily.
Thanks for this thread. This is my first post on UMS. Below is the Nifty weekly chart.
1. Is this a valid UMS? I feel the BRL is steep and the risk/reward ratio is high.
2. Would you take this trade? If yes, why? If no, why not?
3. Should one wait till end of week on weekly chart to confirm the UMS trade? Can one take a call in the middle of the week?
Thanks for your time.
PS: Have tried posting thrice with an embedded image. But message is not appearing.
I am trying to post an embedded image about UMS. Image has been uploaded at imageshack. However get the message that moderator has to approve. How long does it take for moderator to approve? It is more than 4 hours since I first tried.
Today's Range for Nifty Spot was 35.60 and that for Nifty Future was 43.60..... If we exclude last Saturday's Session and the Muhurat Session then, this is the lowest for Spot Nifty in last 197 trading sessions (since 24th March)...... However, in Nifty Future its lowest in 127 sessions (since 5th July)...... For more R&D refer to the Excel sheet provided earlier.....
But don't start jumping yet..... if we get another such day of lower range tomorrow..... then we may start hoping about an explosion of Nifty's anger......
A word of advice though..... if you have still not been able to have control over your ego.... PLEASE keep that aside for the next few trading sessions atleast..... Get out if it hits your Stops.....
Hi Guys, Just off topic (Its still related to commodities, but Agri), I was scanning the charts and came across GARSED, GARGUM, do you guys think we are at the end of WAVE 5?