NIFTY 50 future TRENDS

[LivetoTrade]

Again and Again same mistake... why to speculate.? now I guess guys here including me gained experience not to guess.. if monday market pull back then slowly we start to look towards north and any continous move on green will make us to say " Nifty will reach 6000 by next year march .."

stock72, for the kind of fall we have seen in the last few weeks, there is every chance for the market to pull back - which is a correction within the trend.
And I am sure you should have by now guessed what the trend direction is.

An analysis is not speculation - it is an interpretation.

Experience and knowledge, help to reduce trading losses. :thumb:

 

[4xpipcounter]

Stock, if you really want an answer (I'm not sure if you meant it as a blanket question, nor am I certain what the motive is.), then for me, it is an analytic view of the markets which enables me to forecast the markets. My trades are based on my forecasts.
Therefore, I totally disagree with "Again and Again same mistake". Well, okay, I would replace it with one word, "Again and Again same success."

I'm not trying to take my bows, but you asked.

BTW, I've been following this thread quite closely. I don't recall anyone of late talking about 6000, even when the market corrected to 5400.

Again and Again same mistake... why to speculate.? now I guess guys here including me gained experience not to guess.. if monday market pull back then slowly we start to look towards north and any continous move on green will make us to say " Nifty will reach 6000 by next year march .."

 

[trade4joisar]

Again and Again same mistake... why to speculate.? now I guess guys here including me gained experience not to guess.. if monday market pull back then slowly we start to look towards north and any continous move on green will make us to say " Nifty will reach 6000 by next year march .."

OK.
No guessing, no guessing
Only trading, only trading

with system we believe

 

[stock72]

I dont know why I always getting confused with the below higlighted statement.

since we always being paid for our position with respect to market actual position and not for the market future postion.
with this fact why we need to predict the future?

Stock, if you really want an answer (I'm not sure if you meant it as a blanket question, nor am I certain what the motive is.), then for me, it is an analytic view of the markets which enables me to forecast the markets. My trades are based on my forecasts. Therefore, I totally disagree with "Again and Again same mistake". Well, okay, I would replace it with one word, "Again and Again same success."

I'm not trying to take my bows, but you asked.

BTW, I've been following this thread quite closely. I don't recall anyone of late talking about 6000, even when the market corrected to 5400.

 

[4xpipcounter]

Stock, when you take a position, and let's say it is a long position, you are counting on that market to go up whether it be 5 minutes in the future, 5 hours, 5 days, or even 5 weeks. When you take a position, if you close the position at its current value, you will make no money. This is why we need to have a gauge or some sort of barometer as to where it will be in the future.

If my forecasting was a mere prediction, then I would not risk my money on the markets. My forecasting is based on momentum factors, OB/OS factors, cyclical compositions of a trend, etc, etc. For me, this type of information transcends mere predictions. It is my road map that allows me to see what will happen in the future so I can plan and take a position accordingly. Knowing what the current value is is okay, but I need to know what the future value is going to be in order to place an intelligent trading decision.

I dont know why I always getting confused with the below higlighted statement.

since we always being paid for our position with respect to market actual position and not for the market future postion.
with this fact why we need to predict the future?

 

[stock72]

once we took position like taking a position in the road while driving and with traffic we start moving and keep on adjusting our position towards the direction we are moving considering only the current condition of the traffic. i nowadays start feeling trading is like driving .

Stock, when you take a position, and let's say it is a long position, you are counting on that market to go up whether it be 5 minutes in the future, 5 hours, 5 days, or even 5 weeks. When you take a position, if you close the position at its current value, you will make no money. This is why we need to have a gauge or some sort of barometer as to where it will be in the future.

If my forecasting was a mere prediction, then I would not risk my money on the markets. My forecasting is based on momentum factors, OB/OS factors, cyclical compositions of a trend, etc, etc. For me, this type of information transcends mere predictions. It is my road map that allows me to see what will happen in the future so I can plan and take a position accordingly. Knowing what the current value is is okay, but I need to know what the future value is going to be in order to place an intelligent trading decision.

 

[4xpipcounter]

It's kind of like you are coasting like at highway speed, and then there is construction that you see up ahead. You make adjustments in your speed. You can even pull off the freeway and take an alternate route.
As you mentioned, trading is the same way. Things are speeding along in your favor, then there is construction-- TL's in the way, as well as tenkens and kijuns. The decision is do you go with the flow and wait for that construction area to open up, or do you pull off the freeway and wait for the TL's, tenkens, and kijuns to clear out of the way before you get back on the journey.

once we took position like taking a position in the road while driving and with traffic we start moving and keep on adjusting our position towards the direction we are moving considering only the current condition of the traffic. i nowadays start feeling trading is like driving .

 

[stock72]

I guess Iam not understanding completely ...
the point you are taking a decision once the construction seen not taking a decision by forecasting there will be a construction ...

It's kind of like you are coasting like at highway speed, and then there is construction that you see up ahead. You make adjustments in your speed. You can even pull off the freeway and take an alternate route.
As you mentioned, trading is the same way. Things are speeding along in your favor, then there is construction-- TL's in the way, as well as tenkens and kijuns. The decision is do you go with the flow and wait for that construction area to open up, or do you pull off the freeway and wait for the TL's, tenkens, and kijuns to clear out of the way before you get back on the journey.

 

[4xpipcounter]

No, the charts help me to determine where the construction areas are at before the trip starts. As a trader, the decision I have to make is do I want to continue on the trip in the middle of the construction or do I want to take the alternate route. The beauty of the charts is you can already see the construction.

Let's use Nifty in lieu of our little metaphor.
Tentatively, the trip north is scheduled to take off at circa WS1 at 4548. Scheduled destination if no further than 4938. There will also be major construction around 4850.
At 4850, if I was trading this market, I would make a decision, "Do I want to take the country scenic route heading east before I head north, or do I want to just jump out and not endure all that construction, then catch the next trip heading south at circa 4938?"

That's the tentative schedule. Sometimes, the road map will change as the trip continues. Trip adjustments have to be made as changes evolve. There are surprises, sight-seeing tours, and yes, even potholes in the road. The navigator of the trip makes the best money when he is able to navigate the best around the unexpected things the trip will bring.

I guess Iam not understanding completely ...
the point you are taking a decision once the construction seen not taking a decision by forecasting there will be a construction ...

 

[EagleOne]

Hey Pips
The above construction metaphoric posts of yours are quite brilliant (OTOH quite intelligent; OTOH quite witty )

Loived them.