NIFTY 50 future TRENDS
- Thread starter sudoku1
- Start date
- Status
Mano bhai, you don't have to explain your position. I respect your experience, sincerity and TA expertise. As you know I track DAX, FTSE etc more seriously than our dummy Nifty. So let me tell you why that Dax gap-up thing didn't get reflected in our market as expected. Because it opened precisely at the top of its hourly ascending channel. From where it had to come down for correction. FTSE confirmed by doing the same later. When I saw this I immediately shorted a stock that had been on my watch, showing drying demand for days. The risk reward ratio turned out to be beautiful.
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money. Rest are just colorful lines on equally colorful charts, which could be yours, mine or anyone's else at a given point in time.
(hope I didn't sound serious!
)
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money. Rest are just colorful lines on equally colorful charts, which could be yours, mine or anyone's else at a given point in time.
(hope I didn't sound serious!
)
Mano bhai, you don't have to explain your position. I respect your experience, sincerity and TA expertise. As you know I track DAX, FTSE etc more seriously than our dummy Nifty. So let me tell you why that Dax gap-up thing didn't get reflected in our market as expected. Because it opened precisely at the top of its hourly ascending channel. From where it had to come down for correction. FTSE confirmed by doing the same later. When I saw this I immediately shorted a stock that had been on my watch, showing drying demand for days. The risk reward ratio turned out to be beautiful.
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money. Rest are just colorful lines on equally colorful charts, which could be yours, mine or anyone's else at a given point in time.
(hope I didn't sound serious!)
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money. Rest are just colorful lines on equally colorful charts, which could be yours, mine or anyone's else at a given point in time.
(hope I didn't sound serious!
)I was Talking of DAX's channel, SJD bro. But FTSE had better ' shape and figure' (English are better looking than German girls. I should know, I lived in both countries!
:lolOTOH, Desi Nfty has nothing to look at. Total flat. Emaciated. Almost in coma...I guess, waiting for Dire Straits to play 'Fade to black'! :rofl:
I was Talking of DAX's channel, SJD bro. But FTSE had better ' shape and figure' (English are better looking than German girls. I should know, I lived in both countries!
:lolOTOH, Desi Nfty has nothing to look at. Total flat. Emaciated. Almost in coma...I guess, waiting for Dire Straits to play 'Fade to black'! :rofl:
EAGLE BHAI :
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money.
Very true in my earlier post some days ago i did mentioned about it ...TA is a tool and learning it is a process almost never ends.........but by one's experience and the level of understanding TA gives confident to trad with 60-70% success
According to me the most crucial part is physiological aspect.. as i mentioned earlier i am almost finished the hay days of my trading ..What i am doing is just to keep my self engaged and trade only Mini Nifty one are Two lots. My max loss fixed at Rs.1000/- per trade (Intra day) and Rs.2or3 Thousands for positional. Some days i don't trade.
I make my trading enjoyable and very much simple and light
Eagle bhai This is public forum i place my views/TA and i may go wrong as well at times and subjected for comments as long its with in limit (using words) have No Problem at all with your comments...
My point is: TA is a very subjective field. And every trader nowadays trade with some sort of TA knowledge - borrowed or one's own. But in the end, the only TA that matters is the one that gets validated by the market by bringing in money.
Very true in my earlier post some days ago i did mentioned about it ...TA is a tool and learning it is a process almost never ends.........but by one's experience and the level of understanding TA gives confident to trad with 60-70% success
According to me the most crucial part is physiological aspect.. as i mentioned earlier i am almost finished the hay days of my trading ..What i am doing is just to keep my self engaged and trade only Mini Nifty one are Two lots. My max loss fixed at Rs.1000/- per trade (Intra day) and Rs.2or3 Thousands for positional. Some days i don't trade.
I make my trading enjoyable and very much simple and light
Eagle bhai This is public forum i place my views/TA and i may go wrong as well at times and subjected for comments as long its with in limit (using words) have No Problem at all with your comments...
- Status
Similar threads
-
NSE Changes Nifty Bank Expiry Day to Friday for Future and Options Contracts
- Started by DreamDeal
- Replies: 11
-
NIFTY/ BANK NIFTY Option Trade Tool (Buy/ Sell) based on Futures / Spot Prices- Started by allex418
- Replies: 7
-
-
-