The Nifty Trading Lounge

[Taurus1]

US market at a crucial resistance. If broken, at least 1.5% up today.

By my calculation, Sbi and Bnf low was today.

Gap up needed.

Seems the Fed is not inclined to continue supporting the US market.

The local market jumping over a forecasted high/low is very bad news, my yesterdays longs closed and shorts opened ............

 

[MurAtt]

Boom Boom.

 

[TraderRavi]

Pata nahi but a massive downmove is what could possibly be the case.
Of course I do not want that BUT .....

Life is all full of Ifs and Buts.

Yes .. some major planetary positions today ... 5 Stars in One Sign or something to that effect ....

Bang on...:clapping:...ab tu bhi anda dena shuru kar de baba, but weekly not daily.........:lol:

 

[Arsh]

Pata nahi but a massive downmove is what could possibly be the case.
Of course I do not want that BUT .....

Life is all full of Ifs and Buts.

Yes .. some major planetary positions today ... 5 Stars in One Sign or something to that effect ....

Really Bang on... Bernanke-China-RBI-SBI-LnT wat not could be blamed!

 

[timepass]

Looks like 315 crossover on NF (but not yet on BNF).

 

[Taurus1]

Trend change for 24 May
High at 11:25 AM

 

[jamit_05]

Looks like 315 crossover on NF (but not yet on BNF).

This information can be used in two ways:

1) If one is aiming for big gains, then he is prepared for small losses. Hence, uses 315 signals as trend changer. The normal way.

2) If one wants small gains, then he could do a reverse play: Most of the 315 signals are false. It has a very poor strike rate like most trend following setups. So, in this case one could go long and exit at 1:1

 

[Taurus1]

Trend change for 27 May
High at 1:40 PM

 

[Taurus1]

Trend change for 30 May
Low at 9:29 AM

 

[Taurus1]

Today or 31/5 is the low for this move.

Once this settlement is over, bulllsss will start moving.