The Nifty Trading Lounge

[waktem]

Its a nice trading lounge on nifty as i can put some nifty trends and a good approach to make the nifty trading a good market.

 

[Taurus1]

The next high is on Aug 7th, +/-1

This high is an inverted low for which buullllssss will pay heavily.

Certain highs and lows must never get inverted.

 

[Taurus1]

The next high is on Aug 7th, +/-1

Yesterday, I expected a high at 11:35 which never came

Then decided to get in anyway with 27.7k of puts. Profit of 30% so far.

The bear market is starting ..... Ftse, Dax, Cac all well below their 200 mas......

The US is getting there........

Buulllsssss are being evacuated in preparation for the Grand Finale....

Which starts after the Final Countdown

http://www.youtube.com/watch?v=9jK-NcRmVcw

 

[Taurus1]

I'm holding October GLD calls in the US, hedged.... my usual set and forget trade,..... total risk is only 18$, expected return 1000$ .....

Added 3 more positions, total risk of 87$, expected profit 4000$

Then decided to get in anyway with 27.7k of puts. Profit of 30% so far.

Profit over 100% but it may not last long with a gap on Monday.....

The next low is on Aug 19th,+/-1

Time price calculations do not give me a number for that date, but I expect about 7400....

 

[Taurus1]

Profit over 100% but it may not last long with a gap on Monday.....

Got out at the open with some 30% profit intact, and shocked to see that by EOD, most puts were down by >50%. :annoyed:

The next low is on Aug 19th,+/-1

There is no high on my chart between now and the 19th, but a friend has it on the 14th, exact.

Until the 14th, no trade.

 

[Taurus1]

Until the 14th, no trade.

I will buy housefull puts at 7740-50 S, or by 3:20pm

 

[TradeJoker]

 

[Taurus1]

I will buy housefull puts at 7740-50 S, or by 3:20pm

All in at 7770 S.

Got a call in the afternoon from a friend to short Sbi, so I bought puts from another account.

I saw a hillarious con interview on TV while flipping channels, will share it later

 

[timepass]

All in at 7770 S.

What would be your stoploss ?

 

[Taurus1]

I saw a hillarious con interview on TV while flipping channels, will share it later

Wording is what I remember of it
Interview of guru

by TV channel host

: The market has moved up confidently and close to the last high of 78xx

: An excellent move and we could see new highs by next week

bla bla bla bla
bla bla bla bla
bla bla bla bla

: The situation in Iraq and the Ukraine is getting worse. Your view?

: It is a cause for concern to global markets and we continue to watch it carefully

Notice that he has not said yes directly to any market direction but has implied agreement to both sides,while keeping his own position hidden. He has not even declared if he is holding longs or shorts. :rofl:

Declaring long/shorts will lock his opinion in and open to the risk of being wrong. It doesn't get more vague than this. Watch for it, you will see it many times.

What would be your stoploss ?

On Monday there is a gap. If up .....depending on size, I will get out, and if down, stay in. How to put a stop on a overnight gap??
On calculation, this upmove started on 4th Feb, and it's time is up.