Nifty : Real time discussions...!

[tnsn2345]

...................test...

 

[.Pride.]

...and me too !!!...flat markets too make some of my positions happy.

When markets are range bound everyone says it's too boring saying there are no opportunities. A moving market, either side, shouldn't be a problem to any. In anycase, who is interested in "why" the markets are moving, the bottomline is they are moving and that is what we all want.

Regards,

our job is to trade the moves...the "why" part is better left to be answered in complex and ambiguous terms by the charlatans sitting on news channels

Enjoy this song by Ed Seykota...

http://www.youtube.com/watch?v=LiE1VgWdcQM

You get a whip and I get a saw, honey
You get a whip and I get a saw, babe
You get a whip and I get a saw
One good trend pays for em all.
Honey, trader, ba-by mine.

Banjo (Ride Your Winners):
What do we do when we catch a trend, honey
What do we do when we catch a trend, babe
What do we do when we catch a trend,
We ride that trend right to the end,
Honey, trader, ba-by mine.

Mandolin (Cut Your Losses):
What do we do when we show a loss, honey
What do we do when we show a loss, babe
What do we do when we show a loss,
We give that dag-gone loss a toss,
Honey, trader, ba-by mine.

Fiddle (Manage Your Risk):
How do we know when our risk is right, honey
How do we know when our risk is right, babe
How do we know when our risk is right,
We make a lot of money and we sleep at night,
Honey, trader, ba-by mine.

Guitar (Use Stops):
What do we do when the price breaks through, honey
What do we do when the price breaks through, babe
What do we do when the price breaks through,
Our stops are in so theres nothing to do,
Honey, trader, ba-by mine.

Bass (Stick to the System):
What do we do when a draw down comes, honey
What do we do when it gets real big, babe
What do we do when its even bigger,
We stick to the plan and pull the trigger,
Honey, trader, ba-by mine.

Banjo (File the News):
What do we do with a hot news flash, honey
What do we do with a hot news flash, babe
What do we do with a hot news flash,
We stash that flash right in the trash,
Honey, trader, ba-by mine.

 

[kevin_shah]

what is this man...total frustation..
it goes to the high just comes back and then again goes to the high and then comes back and
then the news say we made a new high today...
and my stop gets hit.....
total **llsh**

 

[sumosanammain]

what is this man...total frustation..
it goes to the high just comes back and then again goes to the high and then comes back and
then the news say we made a new high today...
and my stop gets hit.....
total **llsh**

Hmmmmm... a professional trader watching the news.... bad for your accounts health!

 

[sihasan]

We have a double top scenario at 5580 spot (today, and yesterdays high). It very unlikely for NIFTY to trade lower today, but longs are to be at caution

 

[kevin_shah]

ya i know..i only watch the news just to be aware of something that i don't know about...
its just that nifty making higher lows have made me think of some explosive moves in the later half...My mistake was not keeping proper stops...this have impacted my account and it is in red...
Let see what happens after 2:00 pm...
Anyways...the ascending triangle formed makes me nervous...

but why is the thread quiet...no posts , no opinions...

 

[kevin_shah]

i think the time from 12 to 2 pm here is what we should call the" NO TRADE ZONE"
this is the time we have unnecessary emotions and may have the urgee to trade plus we do keep wrong stops...
so its better not to trade
what say guys..?

 

[sihasan]

I would't say we keep a close stop, just keep it at a level wherein it won't be hit if we are still right. And also don't recommend building barriers/ assumptions (like No trade zone, etc.) it has costed me a lot earlier. Take a hit if you are wrong, and u can always re-enter... just my 2 cents

i think the time from 12 to 2 pm here is what we should call the" NO TRADE ZONE"
this is the time we have unnecessary emotions and may have the urgee to trade plus we do keep wrong stops...
so its better not to trade
what say guys..?

 

[anayash]

:fatigue::fatigue::fatigue:

 

[timepass]

Today's closing moves are similar to yesterday's, in the opposite direction. Yesterday nifty shrunk by 15 odd points to end at 5514, today it ballooned to 5592. After averaging we may have 20-25 points premium on NF.. yesterday it was a small discount.