Long or Short Opinion

[rajputz]

This could and could not go in your favor Rajputz. Though the markets are showing internal weakness, the fact that markets are showing so much resilience to go down should be noted. Need to see what actually happens. We should correct from these levels. If we don't then we should propel higher. My bias though is still towards correcting from these levels.

Tc.

I made some phone orders later on...was out at market hours...covered a put taken at 48 previously at 66 today...then again entered in it at lower levels...at first it seemed the trend was reversing to upside as price was taking support and 20 and 34 ema on daily basis. But then entered the shorts again after covering long at par.

Thanks raunak sir for confirmation though.

 

[praveen taneja]

Dont fill stomach of brokers bro wait for break of 5208-5333 zone till then do your TA experiment as money is not urs it is for u and ur GF combine

 

[SwingKing]

I made some phone orders later on...was out at market hours...covered a put taken at 48 previously at 66 today...then again entered in it at lower levels...at first it seemed the trend was reversing to upside as price was taking support and 20 and 34 ema on daily basis. But then entered the shorts again after covering long at par.

Thanks raunak sir for confirmation though.

The fact that you don't hold your opinion and are prepared to reverse your position speaks volume about your growth as a trader. When I started off, I struggled a lot in reversing positions. To be very honest, till today I struggle sometimes reversing my positions.

Keep up the good work.

Tc.

 

[crown]

The fact that you don't hold your opinion and are prepared to reverse your position speaks volume about your growth as a trader. When I started off, I struggled a lot in reversing positions. To be very honest, till today I struggle sometimes reversing my positions.

Keep up the good work.

Tc.

thanks raunak bhai
I am also trying to learn and build this habit.

 

[rajputz]

well said raunak sir anmd pt bhai. Your words and guidance keeps me motivated. Actually CCI is at the place where it can do either of the two movements.

1. Continue its movement to downside.
2. Give a Trend Continuation Signal to upside.

So at this time i try to trade with 15 minute charts on intraday. And at eod take position home as i feel it. Like my signal of of short of eod from 29 june was still valid so covered the intraday position the same way. First exitted the short position as 15 min gave entry today. And gone long at the same time. Then 15 min gave exit, and EOD chart was not giving any reversal so carried EOD position.

 

[rajputz]

Dont fill stomach of brokers bro wait for break of 5208-5333 zone till then do your TA experiment as money is not urs it is for u and ur GF combine

PT bhai,

gf's pe paise kharachne layak nhi hua abi...abi tak khud ki aish karta hoo....

waise gud news here frm my side...sharing wid all...This august i am going for MBA(finance). Very excited abt that. Will not be able to give good time on intraday, so will shift to swing. So help frm all of here will be needed.

:clap::clap:

 

[columbus]

PT bhai,

gf's pe paise kharachne layak nhi hua abi...abi tak khud ki aish karta hoo....

waise gud news here frm my side...sharing wid all...This august i am going for MBA(finance). Very excited abt that. Will not be able to give good time on intraday, so will shift to swing. So help frm all of here will be needed.

:clap::clap::clap::clap:

 

[scplindia]

Beware, most countries are weak & have been weak for the last two weeks. But for how long, sometime, there has to be a dead cat bounce. it can happen any time, this is good enough for Indian traders, they will rally the nifty by 150 points to the upside, as they are not allowing nifty to fall.

Hence, it is very risky to take directional trade home at this point of time, today can be okay, as US is closed and most markets do not have the spine to dictate the direction, but tomorrow will be dangerous as US will be opening after 3 days of holidays.

 

[rajputz]

Beware, most countries are weak & have been weak for the last two weeks. But for how long, sometime, there has to be a dead cat bounce. it can happen any time, this is good enough for Indian traders, they will rally the nifty by 150 points to the upside, as they are not allowing nifty to fall.

Hence, it is very risky to take directional trade home at this point of time, today can be okay, as US is closed and most markets do not have the spine to dictate the direction, but tomorrow will be dangerous as US will be opening after 3 days of holidays.

How about a dead cat fall at the same time...May be bears are waiting to join the move. If it has been taking support at lower level then resistance also at the upside...

 

[scplindia]

Rajputz,

It is just a word of caution, because, first we may have a false break out and then the real break down in the opp direction with huge volumes. This is what most probably will happen to trap all retail traders by smart money.