Friday, October 21, 2011

Nifty completes a contracting triangle ahead of settlement week.

When you see your "Planned numbers", act. Other tools such as intraday charts, Hour TA parameters come as confirmatory tools. If you have an expectation, then you become prejudiced which does not mean you don't make any trading plans. You make it based on the available facts and follow it till the price unfolds within your workings.
Having an alternative plan works but give weightage to the one that has credible evidences. "Fire's" contracting triangle observation made it possible to plan and TT positioning also helped(Sell on rises above DHEma).



9 comments:

DKG said...

An engulfing bear candle pattern for the day.

venkatapathy l said...

Since the low of today has not reached below of yesterday's low it cannot be strictly called an engulfing bear candle.

LV

Dinesh Rishi said...

Mr. Nnumber or wht so ever you are

Retreat to your place from where you came from
(ProfitXXX)
this is not place for fishing


RXXXX RXXXXX said...
To add an astrological angel, 5000+ might not be on the
screen for next 6-12 Months. Today is last day for 5000+.
Based on ............
September 15, 2011 9:56 AM


Its my sincere advice to RR to open his books once again and
study the subject for 6-12 months.

Real money is involved of people
please dont post such crap here

Yesterday many got trapped in shorts due to your call

Such morons should be strictly condemned

Sujatha said...

DR - ji - pheww..howcome u r posting the old postings and all including sandy?? :P

goodnight and happy week end to all :)

PS : after all day before i posted abt DOW that one upmove pending but i am not able to find nd no patience for searching :D koyi extra brain chahiye??

Dinesh Rishi said...

Falling wedge in copper

booked long no fresh commitment

but will not short

Gud nt

बगुला भगत

http://photoquoto.com/wp-content/uploads/2010/04/100405.jpg

San said...
This comment has been removed by the author.
San said...

Nifty Weekend Update: CLICK HERE

golfdude said...

@ilango sir,

Did you mean "sell on rises to DHEma" instead of "above DHEma" ? Isnt it
bullish persisting above DHEma ?

Local said...

Diwali is just 2 days away, I'm wondering if this might not be a diamond continuation pattern.

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