Traders Diary

[jdm]

dow jones

everyone said panic below11000,,and it did went
and now position 800 points in 2 adys
my one cent question...did any technicals / indiactor predict 800 points in 2 days

well this is shortcoming of technical what we do,,,, they cannot interprete,,,the unnatural up // down moves
like one whihc we had circuits

prediction is a bad word to use. but yes with ta how big the move will be, can be forecasted albeit like everything cannot be 100%.

 

[renu daga]

sorry jdm sir

jsut a sspekaing lang i use prediction..nothing advers in mind
i menat 800 [points were if were loked upon ,,its ok,, but in 2 nights/ 2 trading session,,

NO WAY!!!

RENU

 

[praveen taneja]

Thats the spice of Indian stock mkt renu ji

 

[renu daga]

no...in one of my post ,, much earlier when mkt was in terrible bull run,,
i had stated this is not market ,,this is pagla market,,paglapanti

and same this is happening in dow mkt..
traders are wiped up in nights position...when they go adverse

renu
one big lesson,,
thsi si true but many of us dont trade to this rule,,,,avoid overnight position(which even i ahve)

 

[praveen taneja]

no...in one of my post ,, much earlier when mkt was in terrible bull run,,
i had stated this is not market ,,this is pagla market,,paglapanti

and same this is happening in dow mkt..
traders are wiped up in nights position...when they go adverse

renu
one big lesson,,
thsi si true but many of us dont trade to this rule,,,,avoid overnight position(which even i ahve)

That is also not easy renuji bcoz one if stop loss dont hit one doesnot book loss n second matter of greed stop from booking loss n profit........

 

[renu daga]

majority banks,,, s howing pos indications
shwoing w shape patterns based on close basis

just keep tracking
canara bank
sbi bank
syndicate bank
union bank
uti bank
vijaya bank
andhra bank

renu
going fo rlong trade for sbi at teh range of 1550

 

[renu daga]

extremely trend lien support

acc
cipla
syndicate
bank of india
sun pharma

renu
i shall go for acc around ..and below 600

 

[praveen taneja]

majority banks,,, s howing pos indications
shwoing w shape patterns based on close basis

can u explain little more wat is w shape pattern if u dont mind????????

 

[renu daga]

,,W shape means W shape,,exactly. the pattern is this
for this posting charts
this is called bullish W shape
and inverse is M shape,,, which is beraish pattern

simply as novice if we think of W,,,,what come sin our mind,,,2 botoms,and third leg going upward breaching the uper 2 tops,,,

 

[renu daga]

one chart is based on high lows
and second chrt based on close

renu
seniors comment