Nifty Swing & Intra Trades

[Tuna]

Today's trade:

 

[Tuna]

Trade # 1 Closed
Shorted @ 8275, scratched -2 points. Staying away today from Nifty for next few days.

This week was a bad one for me. All profit earned in whole of week, was lost in a single bad trade yesterday. Need to fine tune my Psy system.

 

[mark8tune]

Whatever outcome is of this week, but I like the way you think about things.
Happy Trading.

 

[Tuna]

Just one input (as I am not live trading and not day trading next week on Nifty, but only on crude) - the current bounce up on Nifty may look very tempting for short (even I fall for the trap), I missed the bigger picture. This may not be a dad cat bounce.

1. Just draw 100 DEMA, on weekly chart of Nifty Spot

2. Plot a BB (20,2,SMA) BB on Weekly chart

check out the confluence of bouncing point.

This is precisely my mistake. Sometime the evil of trading at lower timeframe is missing out the bigger picture - And this is not my saying.

See you guys. Nice weekend. And stay tuned for posts on the Best Trading System

 

[tarun1313]

@Tuna,
Can you please guide which Study is DEMA in Pi? I can't find it.

 

[Tuna]

Exponential Moving Average on daliy chart bhai-


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[Tuna]

Check the drop down from Study on the chart tool bar


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[Tuna]

Yesterday had Sold NF @ 8225 due to trigger from my Fool's system, did +50 point today till 8172.

But I was expecting more and holding. Finally gaveaway most of the profit and TSL got hit @ 8210

Rare choppiness day around 20 DEMA.

 

[Tuna]

Questions worth pondering:

• Who controls the index movement
  
• What they generally do on options
  
• What makes those actions on the option chain profitable for them

Now think is this really a surprise that market remains sideways for 70% of the time.

 

[Tuna]

Wondering if the last post for YTC trader was for today's Nifty