no one going to earn even single rupee day trading
- Thread starter abhiwhy
- Start date
1.I didnt trade 1st cross over ( 1st arrow) because I didnt have power!! . Anyway I would not have traded it as that signal to me was a state of confusion.
WHAT IS MEANT BY I didnt have power!!
I didnt mean muscle power or political power :rofl: Its electricity. Still need to bring a back up electricity in case of power cuts!!.
2. I didnt trade 2nd and 3rd crossover because the ADX line was below both DI+ and DI- and that remebered me what u told ( it shows that market has no life).
NICE DECISION TO TRADE ONLY IN TRENDING MKT.Thanks for seconding my opinion.
3.I caught the 4th cross over as ADX was rising and the DI- was moving up whereas DI+ was moving downwards. Then further when ADX crossed over DI+ upperside it confirmed the decision.
Also I never go long in a downtrend and viceversa even if it gives some good trades.
ALL DECISIONS WERE CORRECT BUT BEST DECISION IS THIS ONE , PEOPLE IN GREED OF A LITTLE USE TO LOSE TOO MUCH. Some one told told me that "A person catching each and every move is like a person who eats Bajji, bonda, vadapav, panipuri @ every corner of the street. He loses both money and his stomach!!. Professionals take just take 3 meals a day both healthy and non expensive."
So I shorted @ 355 and cameout @ 350. Good 5 Rs and move.Also I use 313 as moving average lines .MA's to me remain as secondary confirmation.Pls note that I didnt follow 0.50% target rule as I wanted to ride full move.
DECISION IS UPTO U WHETHER TO FOLLOW OR NOT 0.50% TARGET BUT IF U R NOT FOLLOWING IT BETTER TO USE TRAILING STOPLOSS WITH UR INCREASING PROFIT BECAUSE WINNERS NEVER LET ANY PROFITABLE TRADE TO CHANGE IN AN UNPROFITABLE TRADE .Absolutely I do that riligiously. 1st I try to bring S/L to cost and then protect 40% of the profit @ any point of time.I do fully understand your rationale behind going for 0.50% target.
Pls evaluate the trade and give your opinion.
NICE USE OF MIXED SETUP OF MINE AND MARUTI WITH UR GOOD SENSE OF HUMOR AND RATIONAL STYLE OF THINKING.All credit goes to you and maruti for sharing such simple and nice system.
WHAT IS MEANT BY I didnt have power!!
I didnt mean muscle power or political power :rofl: Its electricity. Still need to bring a back up electricity in case of power cuts!!.
2. I didnt trade 2nd and 3rd crossover because the ADX line was below both DI+ and DI- and that remebered me what u told ( it shows that market has no life).
NICE DECISION TO TRADE ONLY IN TRENDING MKT.Thanks for seconding my opinion.
3.I caught the 4th cross over as ADX was rising and the DI- was moving up whereas DI+ was moving downwards. Then further when ADX crossed over DI+ upperside it confirmed the decision.
Also I never go long in a downtrend and viceversa even if it gives some good trades.
ALL DECISIONS WERE CORRECT BUT BEST DECISION IS THIS ONE , PEOPLE IN GREED OF A LITTLE USE TO LOSE TOO MUCH. Some one told told me that "A person catching each and every move is like a person who eats Bajji, bonda, vadapav, panipuri @ every corner of the street. He loses both money and his stomach!!. Professionals take just take 3 meals a day both healthy and non expensive."
So I shorted @ 355 and cameout @ 350. Good 5 Rs and move.Also I use 313 as moving average lines .MA's to me remain as secondary confirmation.Pls note that I didnt follow 0.50% target rule as I wanted to ride full move.
DECISION IS UPTO U WHETHER TO FOLLOW OR NOT 0.50% TARGET BUT IF U R NOT FOLLOWING IT BETTER TO USE TRAILING STOPLOSS WITH UR INCREASING PROFIT BECAUSE WINNERS NEVER LET ANY PROFITABLE TRADE TO CHANGE IN AN UNPROFITABLE TRADE .Absolutely I do that riligiously. 1st I try to bring S/L to cost and then protect 40% of the profit @ any point of time.I do fully understand your rationale behind going for 0.50% target.
Pls evaluate the trade and give your opinion.
NICE USE OF MIXED SETUP OF MINE AND MARUTI WITH UR GOOD SENSE OF HUMOR AND RATIONAL STYLE OF THINKING.All credit goes to you and maruti for sharing such simple and nice system.
tomorrow mkt may show some recovery (not sure but expecting and therefore exited all future short positions today ), in such condition bankings will lead the rally ,
don't confuse it with a come back of bull but as a secondary move from main trend , target is still 4870 , there are several noticeable things for example the banking giants such as sbin, icicibank etc are not moving for last 2 days and whatever may be the range of the day they are closing with very small body candlesticks , where as despite of fall in market axis bank was a gainer , pnb's range was very small , so banks may show some recovery tomorrow.
yet reality has also got to much corrections along with bankings but it is not looking or giving any sign of recovery , i think either they may be neutral or make some further falls tomorrow .
dow is rising and it may help the asians indices including ours for some recovery
so be cautious while making any short positions (intraday ), and see the market trend while trading .
for future traders i would suggest shorting tomorrow's top , so that u can gain when market comes in its gerneral tune .
lets wait and watch what happens with market tomorrow , it makes some recovery or goes on in its obvious tune .
regards
abhi
don't confuse it with a come back of bull but as a secondary move from main trend , target is still 4870 , there are several noticeable things for example the banking giants such as sbin, icicibank etc are not moving for last 2 days and whatever may be the range of the day they are closing with very small body candlesticks , where as despite of fall in market axis bank was a gainer , pnb's range was very small , so banks may show some recovery tomorrow.
yet reality has also got to much corrections along with bankings but it is not looking or giving any sign of recovery , i think either they may be neutral or make some further falls tomorrow .
dow is rising and it may help the asians indices including ours for some recovery
so be cautious while making any short positions (intraday ), and see the market trend while trading .
for future traders i would suggest shorting tomorrow's top , so that u can gain when market comes in its gerneral tune .
lets wait and watch what happens with market tomorrow , it makes some recovery or goes on in its obvious tune .
regards
abhi
My today's trade.
Picked HDIL today and I should say I am fortunate as well as lucky as it gave little movement despite of Nifty being ridiculously rangebound. A bullshit sorry rather a bearshit day!!!.
Here is my trade. Traded only once. today I did little experiment and it worked out. I mean As soon as I saw DI+ making lower high I shorted ( Pointed by arrow in the ADX indicator in the image below).Its a trial period so I can afford to make experiments. Entry was @347 and exit was @ 342.50 on an average a move of 4.50 RS.:clap: but it took lot of patience and in the end didn't dissappoint.However it justifies what Abhi told" More we stay more will be the risk that we carry". This range is really teasing .
http://img69.imageshack.us/i/hdil.jpg/
Abhi,
Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support) Dont you think what we have seen in last half an hour was professional buying?
Regards
Raghav
Picked HDIL today and I should say I am fortunate as well as lucky as it gave little movement despite of Nifty being ridiculously rangebound. A bullshit sorry rather a bearshit day!!!.
Here is my trade. Traded only once. today I did little experiment and it worked out. I mean As soon as I saw DI+ making lower high I shorted ( Pointed by arrow in the ADX indicator in the image below).Its a trial period so I can afford to make experiments. Entry was @347 and exit was @ 342.50 on an average a move of 4.50 RS.:clap: but it took lot of patience and in the end didn't dissappoint.However it justifies what Abhi told" More we stay more will be the risk that we carry". This range is really teasing .
http://img69.imageshack.us/i/hdil.jpg/
Abhi,
Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support) Dont you think what we have seen in last half an hour was professional buying?
Regards
Raghav
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please post your charts on http://tinypic.com/ so that every body could see it without going to the link.
no i don't think there is any kind of professional buying there , professionals do not buy in such markets it is nothing but people buying stocks at lower levels and there is only dump money in the market and mkt is in weak hands , also , i think most probably , tomorrow market is up and
metals
banking
reality
fmcg
power
psu
may lead the rally and
there is going to be a weak sentiment from sectors such as
healthcare
it
consdurble etc.
the market is going to derive sentiment from world markets tomorrow so keep a close eye on dow and asian indices .
lets see what happens tomorrow :clap::clap::clap:
regards
no i don't think there is any kind of professional buying there , professionals do not buy in such markets it is nothing but people buying stocks at lower levels and there is only dump money in the market and mkt is in weak hands , also , i think most probably , tomorrow market is up and
metals
banking
reality
fmcg
power
psu
may lead the rally and
there is going to be a weak sentiment from sectors such as
healthcare
it
consdurble etc.
the market is going to derive sentiment from world markets tomorrow so keep a close eye on dow and asian indices .
lets see what happens tomorrow :clap::clap::clap:
regards
Great analysis and prediction Bhayya:clapping:
Today I didnt trade due to some other personal committments.( Whenever I am away market makes huge trends !!
I remember one episode of Mr.Beans where whenever he tries to watch TV it gets blurred.the moment he goes away it gets alright!!.
My broker said the rally was due to short coverings.Seems to be true.
Now what can we expect for another 4 days before going to new year?
Regards
Raghav
Today I didnt trade due to some other personal committments.( Whenever I am away market makes huge trends !!
I remember one episode of Mr.Beans where whenever he tries to watch TV it gets blurred.the moment he goes away it gets alright!!.
My broker said the rally was due to short coverings.Seems to be true.
Now what can we expect for another 4 days before going to new year?
Regards
Raghav
i m very very confused today i was expecting a bull run today but not so much .
market was moving with a clear intention to go down substantially but unfortunately everything changed so suddenly that is beyond expectation of any person .
market trend is now bullish in short and intermediate term , and is going to test the 5182 level again . This time table would be turned and all worse performing stocks and indices would show better recovery and top gainers of last time may show mixed performances .
last time some sectors such as banking , reality ,metals etc, do not supported bullish sectors such as IT , consumer goods etc. and market failed to break the 5281 level but this time market has made some corrections and is coming back with improved valuations and recovery so this time breaking of 5282 is very much possible and we are gonna see a super performance in market , in January .
for tomorrow's market i m very much confuse , but i see some profit booking tomorrow and market should retrace atleast 50% of previous day's range and tomorrow's intra day low should be equal to or less than 5070 , (closing not sure) but should be with a small body candle some point down .
tomorrow is going to decide the trend and is very important , for swing traders , tatasteel , jindal steel, sbin , icicibank and tatamotors are some buys for short and intermediate term and please avoid pharma stocks.
regards abhi:thumb:
market was moving with a clear intention to go down substantially but unfortunately everything changed so suddenly that is beyond expectation of any person .
market trend is now bullish in short and intermediate term , and is going to test the 5182 level again . This time table would be turned and all worse performing stocks and indices would show better recovery and top gainers of last time may show mixed performances .
last time some sectors such as banking , reality ,metals etc, do not supported bullish sectors such as IT , consumer goods etc. and market failed to break the 5281 level but this time market has made some corrections and is coming back with improved valuations and recovery so this time breaking of 5282 is very much possible and we are gonna see a super performance in market , in January .
for tomorrow's market i m very much confuse , but i see some profit booking tomorrow and market should retrace atleast 50% of previous day's range and tomorrow's intra day low should be equal to or less than 5070 , (closing not sure) but should be with a small body candle some point down .
tomorrow is going to decide the trend and is very important , for swing traders , tatasteel , jindal steel, sbin , icicibank and tatamotors are some buys for short and intermediate term and please avoid pharma stocks.
regards abhi:thumb:
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