NIFTY 50 future TRENDS

[manoharpillai]

Mano, I know if I was trading this market, my TP would have been 4723. I could imagine going for a walk of something and seeing that strong move right after my TP was barely missed. Yeeah--not good.

yes but unfortunately 80% or more of the traders are ill equipped with even basic technicals ... i am pretty sure that the level of your knowledge would have defiantly made lots and lots of different...

 

[4xpipcounter]

I can tell that in reading your analysis of the markets that you know it is important to see the whole picture objectively, and not look at it in terms of what you want it to say. This eliminates sitting in front of the 15m or hourly charts and watching every tick hoping it will turn in your favor.

yes but unfortunately 80% or more of the traders are ill equipped with even basic technicals ... i am pretty sure that the level of your knowledge would have defiantly made lots and lots of different...

 

[hills_5000]

Well sometimes even watching bigger time frames leaves you stumped.

The Ee's got hammered yesterday didnt they !!

I can tell that in reading your analysis of the markets that you know it is important to see the whole picture objectively, and not look at it in terms of what you want it to say. This eliminates sitting in front of the 15m or hourly charts and watching every tick hoping it will turn in your favor.

 

[LivetoTrade]

Can you please elaborate - fear of???

Okay, so the fear was of FOMC meeting and an expectation of QE3

 

[4xpipcounter]

Hills, my main point there was the higher TF's when they are obviated. If the market has me stumped, I won't trade it. OTOH, I'll get into some ugly like the EUR/AUD, forced to take a position at a lower level, ride it back up, then take it and the original position out for what still amounts to a net loss. It happens.

Ee's-The euro? Then, yes they did.

Well sometimes even watching bigger time frames leaves you stumped.

The Ee's got hammered yesterday didnt they !!

 

[timepass]

EE = European Eunion


I guess

 

[4xpipcounter]

adult image hosting

The hour or 2 was not necessary, as the day started with the strong spike south, so it wasted no time blowing the steam out of the rally on the 5-min chart.
In spite of the fact the market is now feeling good being back in its recovery still look for the MP at 4841 to contain for the day.

LTT, I'm not an Elliot Waver, but the 5-min chart tells me one thing. Circa 4843 mark temporary containment before we head higher. Of course, this is the 5-min, so the "downtrend" could last an hour or 2.

 

[EagleOne]

Since I trade in Rupees the above was Just My 2 Paisa......

Cheers...,

Kya baat hai, mere 'friendly bhoot'! :lol:

 

[sudoku1]

TITAN > big wild muv xpected in coming sessions !

 

[LivetoTrade]

Indian Rupee constantly depreciates. So Oil becomes expensive, and will result in more fuel hikes.
All these days hike has been for Petrol only, Diesel still enjoys subsidy - how long?

Matter of time before they de-regulate that also.

Will market accept, or is all this factored in?