Intraday profit system

[4xpipcounter]

Oops, one more thing.

Not all day traders lose money. I'm happy to say I am one of the dumbest traders around--lol.

 

[Rkji]

DM

Experience speaks below, i am usually away from trading when a fundamental news event is about happen, if your SL is not hit due to X reasons, your account will be wiped within no time & you can't do anything.

i am NOT against fundamental research, but eventually i have found it more profitable to rely solely on TA,
move in harmony with smart money to capture a little bit here or there & RUN AWAY as fast as you can, without taking another bet.

Rishi, that is exactly why I have said that even though forex cannot be manipulated, because of the mathematics that forces the interrelationships of all currencies; yet, brokers can still be a nightmare, and it is the little things they can do to you, such as your platform some how locks up on you during a key entry period, or your entry hits, but some how their back room platform says it did not, and other things.

regards as always
rishi

 

[Debarghya Mukherjee]

Today, the should have tanked more than 500 points based on GDP figure. Other day, sensex gained more than 450 points for nothing. It clearly proved beyond doubt that brokers are playing foul game. There should be some controls on the movement of sensex.

 

[4xpipcounter]

Debarghya, my opinion would respectfully disagree with you.
The rise in Nifty today shows why trading in lieu of the FA's is very unreliable. Once the brokers start getting blamed, it takes control out of what we do as traders. That strong move north was forecasted by me at Nifty50 Trends.
This is coming from someone who knows nothing about the FA's, and my charts are the only thing I use in making forecasts and trading decisions.

Today, the should have tanked more than 500 points based on GDP figure. Other day, sensex gained more than 450 points for nothing. It clearly proved beyond doubt that brokers are playing foul game. There should be some controls on the movement of sensex.

 

[Debarghya Mukherjee]

U rock buddy, I know.

Debarghya, my opinion would respectfully disagree with you.
The rise in Nifty today shows why trading in lieu of the FA's is very unreliable. Once the brokers start getting blamed, it takes control out of what we do as traders. That strong move north was forecasted by me at Nifty50 Trends.
This is coming from someone who knows nothing about the FA's, and my charts are the only thing I use in making forecasts and trading decisions.

 

[Smart_trade]

Today, the should have tanked more than 500 points based on GDP figure. Other day, sensex gained more than 450 points for nothing. It clearly proved beyond doubt that brokers are playing foul game. There should be some controls on the movement of sensex.

In the short term the markets will continue to do what they have in mind. As traders it is our job to align ourselves to the moves which the markets are making. There is no point blaming brokers, operators etc....it does not help us anyway to make a rupee from the markets.

Control on index movements is a terrible thing for traders ,it kills the free market. This is not likely to come anytime soon.

Smart_trade

 

[NTrader42]

In the short term the markets will continue to do what they have in mind. As traders it is our job to align ourselves to the moves which the markets are making. There is no point blaming brokers, operators etc....it does not help us anyway to make a rupee from the markets.

Control on index movements is a terrible thing for traders ,it kills the free market. This is not likely to come anytime soon.

Smart_trade

Yes . . .

Our focus should be on our Job and whatever helps us extract our points from the price moves that happen.

Do not know if there is manipulation or not, but now that we are already committed to be traders this is not even a right question.

If there is manipulation so be it, can i trade in-spite of that is the right question.

Thanks

 

[Debarghya Mukherjee]

Paul it is my view on the short term up move on market

• Central banks' move to reduce the cost of dollar
• Sharp appreciation in the rupee.
• No market will go only south or north. Time to time push and pull is a natural phenomena
• Market is little confused. If you see the PUT/CALL ratio then it is clear that the market still is very negative. Only because of the last day movement range has changed.
• You please study the movement of DII. They again sold at the higher level.
• There was no such big economical reform news yesterday except central bank movement. But still 9th December EURO meeting left.

Again with all respect friend, I don't see any strong technical reason in this up move.

I appreciate your comments on my opinion.

Debarghya, my opinion would respectfully disagree with you.
The rise in Nifty today shows why trading in lieu of the FA's is very unreliable. Once the brokers start getting blamed, it takes control out of what we do as traders. That strong move north was forecasted by me at Nifty50 Trends.
This is coming from someone who knows nothing about the FA's, and my charts are the only thing I use in making forecasts and trading decisions.

 

[Debarghya Mukherjee]

Yes,
As a traders we concern about short time up or down movement. Let the positional investors think about Rupee arpiciation, euro zone crisis, PIIGS situation, Gold-dollar ration, debt culture.

We are here to take position on every up or down move and quick exits with our profit.

"Baki sab bhar may jay"-- Let others f***k.

I am agree with you as trader.

In the short term the markets will continue to do what they have in mind. As traders it is our job to align ourselves to the moves which the markets are making. There is no point blaming brokers, operators etc....it does not help us anyway to make a rupee from the markets.

Control on index movements is a terrible thing for traders ,it kills the free market. This is not likely to come anytime soon.

Smart_trade

 

[4xpipcounter]

LOL, Debargyha, either I rock or I don't know what I am talking about. I prefer to be somewhere in the middle.
Okay, enough of that. This is the post I made 5 minutes before the market opened, and the time stamp at Nifty50 will verify it, "With the thrust we got heading back north, I'm expecting for it to continue to my WR3 at 4953. It's show a strong week anytime a 3 is hit, and that is what we are in for this week."
Without sounding like I'm tooting my horn, there was no doubt in that statement, because the move was strongly obviated from a TA perspective.

If you follow that FA stuff, I'm knocking it, but if all that information you gave was suppose to create a downside movement in Nifty, then something is wrong somewhere, and I do not mean your broker fixing the price action.
Quite frankly, I'm dumb as a box of rocks when it comes to the FA's. I choose to be that way, because I do not want the FA's creating any kind of a bias against my TA's, because I know they are correct (Understand what I mean is they are correct for me.).

Look. I've told my friends here in the local area the same thing, so I'm not cutting a shine as if hiding behind a computer screen. "You need to have total control of all your trading decisions. As traders, we need to take full responsibility of everything we do. Once you blame the broker, regardless of the reasons you use, you take all control and responsibility out of your hands."
I'll be honest. I did not win any popularity contests with a few people I told the latter statement to, but it's the truth. That's all that counts.

Let me also address a couple of the statements you made that I know something about. My responses are in bold print

Paul it is my view on the short term up move on market

• Central banks' move to reduce the cost of dollar
  Everyone in this forum would laugh if I commented on this.
  
• Sharp appreciation in the rupee.
  The USD/INR had its first major drop on Thursday. OTT, it was straight north, which means the INR has depreciated sharply.
  
• No market will go only south or north. Time to time push and pull is a natural phenomena.
  That's true, but what is your point? After hitting, 5002 yesterday, I also said it is time for the correction to take a rest, and it will go east before hitting 5058. BTW, if you are looking to go short on Nifty, that is the area to be looking at.
  
• Market is little confused. If you see the PUT/CALL ratio then it is clear that the market still is very negative. Only because of the last day movement range has changed.
  That still should not make a difference as far as your trading decisions are concerned. If it does, then enter short, turn off the computer, and go back when the market is around 4300.
  A more practical approach says, Forget the percentages. Debarghya should decide for Debarghya which way to go.
  I don't mean to knock anyone when I say this, but the really good traders thumb their news at what the crowd is doing. They simply do not care what the crowd is doing.
  
• You please study the movement of DII. They again sold at the higher level.
  Debarghya, this is not a higher level. 6300 was a higher level. We're talking sub-5000 before the day started. We are also talking the smallest of glitches on the computer screen with respect to the entire long term downtrend. In addition, this is only a correction. We are going lower. The TA's also show us that.
  BTW, when I say TA's, it has nothing to do with put/call ratios, which is more a measurement of what the crowd is doing. TA's are the charts. The charts are the road maps for future direction.
  
• There was no such big economical reform news yesterday except central bank movement. But still 9th December EURO meeting left.
  Go back to my "box of rocks" statement.
  

Again with all respect friend, I don't see any strong technical reason in this up move.

I appreciate your comments on my opinion.