Nifty Pre-Market View

Reader: You have given me enormous knowledge, confidence, system etc., of the market which cannot be termed in any thing, Thank you sir! Guruji, With the help of your Blackboard (BLOG) I could now able to understand little bit trend following, impact of different time frames on trend as well as corrections, likely profit booking/targets and reversal.
It seems, I understand that in downtrend intraday rallies are good opportunities for SHORT again & again similarly in uptrend intraday declines are good opportunities for LONG again & again.
However, every time I wait patiently to complete the rally in downtrend and decline in uptrend but I am not able to take position on right point & time. On the contrary I do nothing instead of thinking let it cross this point then again this point, let lead indicator do this or let macd move somewhere and hence, sit idly surpassing one by one candle and on exhaustion of the rally/decline I curse myself for not-acting on time & point. After the exhaustion of the move, I think with pride that my assumption was correct and should have taken the position at the crossover of EMAs or at the low/high of the candle.
What force is acting upon me? I have gone several time through your lesson "trade based on two time frames" taught on Sunday, April 4, 2010 but not able to grasp any thing about the entry criteria /entry point without fear. It may be the spoon feeding, but kindly do the favour for for me. What I have conveyed my difficulty it seems clumsy Sir, please do spare some time at your convenience to guide me about the simple entry criteria / entry point so as to enable me to take the bid confidently.
Answer: About the simple entry criteria/ entry points, you have stated appropriately, "in downtrend intraday rallies are good opportunities for SHORT again & again and similarly in uptrend intraday declines are good opportunities for LONG again & again".

What force is acting upon me? This too has been stated by you, "I do nothing; not able to grasp any thing about the entry criteria /entry point without fear; I think with pride that my assumption was correct". You know swimming but you aren't taking the plunge. We can teach you swimming but can not teach how to take the coldness of the water & deal with  the "feelings" that form in you when you swim...we can teach you cycling but can not teach you how to handle yourself while cycling in different terrains, traffic, etc. There is something no one can teach you is "to feel & face the reality".

Teaching is always done in "laboratory conditions" but acting or application is done in "real situations".
What you are experiencing is a common problem with most intelligent traders. Your intelligence is NOT THE GOAL. Realise it. Shift the goal post from "finding a trading plan" to "Trading the plan". The real "goal post" is "executing the trade plan" and only when you execute your trade, should you pat yourself and the scoring is done.
Till you realise this most important aspect of all life situations that "acting on your study, hunch, intuition alone will bear result and not getting your degree or certificate or finding a plan".

How to take the plunge: Trusting and believing in your intelligence when it works with total objectivity, initiate the trade as though it is the only right & logical thing to do. Act when you should and never after market has acted on it(that would be catching the running train). You have already done enough mental(paper) trades and now its time to execute few actual trades.....not just any trade but those intelligent trades which you are fond of patting yourself up.
Start feeling the "accomplished sense" when a trade is done and move on to the next trade... Take those trades of "selling into rallies" & "buying into declines" using fibonacci retracements even before the "indicators confirm" (Indicators take the cues from prices and hence act on prices and get confirmations from indicators later).

Start communicating with the market with your trades...she'll reward the sincere.
Get Rich Slowly and Quietly.