The market is showing tremendous momentum driven by liquidity. One should short only when it shows weakness. Shorting now will be like trying to stop a roadroller or a running train. Never stand in the way of momentum.
Market is in overbought area, but it can remain so and keep going up for an extended period of time. Good that you have kept tight stops which should take you out if market blasts further.
Correction is overdue and I am sure you will get a correction and be able to cover your trade in profits.
Best wishes,
Smart_trade
Market is in overbought area, but it can remain so and keep going up for an extended period of time. Good that you have kept tight stops which should take you out if market blasts further.
Correction is overdue and I am sure you will get a correction and be able to cover your trade in profits.
Best wishes,
Smart_trade
Absolutely right, boss. I mean, the way bulls took everything the bears threw at them this week, showed how determined they were to keep going higher and higher. Long tailed hammers all round on all frames should be enough warning to habitual scalping bears to keep away. And as last few steps are left, I think bulls would not risk correction at this point. If they did, the patterns might change shapes and then paataal lok... Rather I feel they might double their efforts and shoot through via gap-ups. If that happened, bears would be the ones who would switch and carry the market to the Everest on their own shoulders... Poetic justice, I guess. 
True market is in a strong bull run...the reason for shorting ..
no stop run up from...5460..is at strong weakly res...point
it is technically prudent to short at res..point by taking some small risk..
print screen
no stop run up from...5460..is at strong weakly res...point
it is technically prudent to short at res..point by taking some small risk..
print screen
Starting point of a bull or bear market is never known in advance..what appear to be a very strong bull market may be starting point of bear market..vice versa..very few would have thought damn small higher target of 5800 when market hit 5460....now we are at 6100 sure no one would think of even 5900 ..and that is the trick...
So what is the trick?
Thinking of the other side? Fine.
Now I think of the other side and I am long a call.
Have I now filled up the criteria of your trick?
How would I even make more money by thinking of your trick?
Now market falls and I want to have even more money I made with the long call.
How would your trick help me to make even more money with the trick you say it is a trick?
Good trading / DanPickUp
By the way: Your answer will be for those which do not know the answer for that puzzle.
Thinking of the other side? Fine.
Now I think of the other side and I am long a call.
Have I now filled up the criteria of your trick?
How would I even make more money by thinking of your trick?
Now market falls and I want to have even more money I made with the long call.
How would your trick help me to make even more money with the trick you say it is a trick?
Good trading / DanPickUp
By the way: Your answer will be for those which do not know the answer for that puzzle.
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