@Master: Where do you see a bottom? I am asking this question in context of rollover? Should we rollover our short positions for Dec month? Or do we wait for some small minor bounces & short again later.
looks like rupee depreciation is going to take out more blood from the Indian mkts.
23-NOV-2011-15:15 Check the hourly/half-hourly chart of NIFTY (more clear on cyclical close chrat). Most likely, a diagonal is under development. If you take latest 4715.85 as one peak then a-b-c-d is over. We are left with only one wave, which may violate the diagonal lower boundary briefly.The last wave-e will mark the end of wave-5. Your observations please?
I have made ICICDIRECT richer from 2008 to 2010 there after RK Global. Unable to control the emotions. Every day I will start with 10% profit within half an hour and end the day with brokerage charges as loss which is average 30%.
My Trade Plan is almost 70% to 80% good But I failed in implementation. This is basically instead of reading chart and doing the trading I trade on price after making initial profit. What I noticed whenever I give gap of one or days again on my winning ways. But over all failed for want of discipline in sticking to my trade plan.
My suggestion to trader who face similar kind of problem is that BETTER TAKE LEAVE AND BE AWAY FROM TRADING TERMINAL WHENEVER YOUR BROKERAGE CHARGES ARE HIGHER FOR THE DAY.
This is also part of my confession that I lack Financial discipline and I will be happy if anybody can guide me for controlling my emotions. I do aware that emotional control is more of Self Management. But some of you would have gone through the similar situations and their experience can save me from further damage.
Starting from 11th Nov. I have taken @ the lowest price and immediately sold it with 10% profit and rest of the story is catching the falling knife. My confidence level is Z E R O O O O O 0...........infinity.
Please do some yoga and meditation for 1 hr. daily in morning or evening. I hope your problem will be solved. Every traders should follow the practice of meditation to control imotions.
32 comments:
Test
Red Red Red.... TT
It stopped out at 4641 + 75 = 4716.
Only one green!
@Master: Where do you see a bottom? I am asking this
question in context of rollover? Should we rollover our
short positions for Dec month? Or do we wait for some
small minor bounces & short again later.
looks like rupee depreciation is going to take out more
blood from the Indian mkts.
@ Prabhat,
Technical set up continues to be down.
Oversold hour has give at best 75 to 90 points rises.
Till that changes OR till a decisive break of the channel takes place, you either trade the boundaries of the channel or Hold.
too many knocks at 55mema,can make it fragile another attempt by bulls can break abv it
BN shows a fast fall set up.
intra day flag channel broken..expecting new lows..
BN breaking fast, lost 60 points in 5 mins ...
Joke time
Banta: Tume itna kisne mara?
Santa: Mere padosi ka bacha gum gya!
Banta: To tumne aisa kya keh diya?
Santa: Maine kaha Google pe Srch karle...
Lolzzzzzzzzzzzzz
triangle pattern is developing in 5 min intraday charts with break levels at 4717 and 4677
aaj facebook bhi nahi kholi abhi tak
@master, where we see the bottom ?
will Nifty will sustain above 4500?
DR Sir aaj to long nahi gay honge?
guess ns may close in 469504702 ns range to keep guessing for tomorrow move,possibility of gap up or gap down which may see triangle broken
Some big big news and moves in the short term.
stbstb,
good news or bad news for Nifty?
pcsmitpra
traded BN puts 2 day
8400 PE 170 high was mine trade :D
IT index,bank nifty and nifty all getting resisted near 55mema in 5 min intraday charts...
Namaste ilango sir and friends,
Today’s quote I received :
Those who have capacity to change their challenges to opportunities never get failure nor get disappointed.
23-NOV-2011-15:15
Check the hourly/half-hourly chart of NIFTY (more clear
on cyclical close chrat). Most likely, a diagonal is
under development. If you take latest 4715.85 as one
peak then a-b-c-d is over. We are left with only one
wave, which may violate the diagonal lower boundary
briefly.The last wave-e will mark the end of wave-5.
Your observations please?
where is the bottom?
tops and bottoms are for fools and liars
tech analysis is all about hunting for the trend and riding it
today my broker will be so happy
lots of trades done :D
nath
I am best at founding tops & bottoms
Whenever I buy its becomes top
and whenever I sell it becomes bottom
@DRSIR :) lol
ncash closed below 4720.
DR Saab, Are you following the rules? Follow JNSAR :) :)
DR ji,
Attnetion Elango Avl., / Blogmates.
I have made ICICDIRECT richer from 2008 to 2010 there after
RK Global. Unable to control the emotions. Every day I will start with
10% profit within half an hour and end the day with
brokerage charges as loss which is average 30%.
My Trade Plan is almost 70% to 80% good But I failed in
implementation. This is basically instead of reading
chart and doing the trading I trade on price after
making initial profit. What I noticed whenever I give gap of
one or days again on my winning ways. But over all failed for want of
discipline in sticking to my trade plan.
My suggestion to trader who face similar kind of problem
is that BETTER TAKE LEAVE AND BE AWAY FROM TRADING TERMINAL
WHENEVER YOUR BROKERAGE CHARGES ARE HIGHER FOR THE DAY.
This is also part of my confession that I lack Financial
discipline and I will be happy if anybody can guide me
for controlling my emotions. I do aware that emotional control is more
of Self Management. But some of you would have gone through the
similar situations and their experience can save me
from further damage.
Starting from 11th Nov. I have taken @ the lowest price and
immediately sold it with 10% profit and rest of the story is
catching the falling knife. My confidence level is
Z E R O O O O O 0...........infinity.
Dear Jayraman ji
Please do some yoga and meditation for 1 hr.
daily in morning or evening.
I hope your problem will be solved.
Every traders should follow the practice of meditation
to control imotions.
Thank you.
Jeevan.
Today nifty managed to close above 4700 levels.
If in coming days it still closed below 4700 then this oversold zone may continue till 4400
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