Manoj's Trading Diary

[manojborle]

@manoj you'r back using nest ?
Not trading with PI ?

if possible post charts it explains lot better that those order book image

 

[manojborle]

 

[manojborle]

 

[manojborle]

 

[timepass]

Today's candle makes last 3 sessions look like an island reversal; accompanied by a bullish stochastic divergence in your charts (but the stochs aren't out of the oversold zone. ).

Or, by a stretch of imagination, there could be a head of an inverse H&S.

Maybe the 30/60 min charts will show the inv.H&S more clearly.

 

[manojborle]

 

[manojborle]

 

[arcus]

I am around 80% certain that the one year bull market has ended.

The evidence comes from the various major indices from Europe/USA breaking important supports.

Also the forex market and the bond market.

For Nifty, A close below 7450 would confirm my view but that is still a long way away.

 

[timepass]

I am around 80% certain that the one year bull market has ended.

The evidence comes from the various major indices from Europe/USA breaking important supports.

Also the forex market and the bond market.

For Nifty, A close below 7450 would confirm my view but that is still a long way away.

Maybe so.. CNBC showed that the Dow has turned net negative for 2014 with yesterday's close.

 

[arcus]

Maybe so.. CNBC showed that the Dow has turned net negative for 2014 with yesterday's close.

Yes, But the more important US index is the S&P 500 because it has millions of contracts linked to it and is the biggest ETF in the world linked to it. (Nifty for us is like S&P 500 for them and Sensex for us is like Dow Jones for them in importance)

The S&P 500, the DAX, the FTSE, the EUR-USD, the USD-JPY, the AUD-USD, the US 10 year bonds everything point in one direction (away from risk) and that is very rare.

By the way, I get to know the international markets news from DailyFX news on youtube.

Here is yesterdays summary (they cover US & Europe Markets) - https://www.youtube.com/watch?v=pV7PEIYHc0g

You need to know some economics to understand their news but it is very in depth and I like it.