Be still. Stop looking anywhere. Stop seeking. Simply be.

Sometimes, in a blessed life, there arises the spiritual search, the search for God, the search for Truth.

There is a putting aside of mundane existence and a turning of one’s attention toward spiritual life. Unfortunately, the same conditioning that directed the mundane life usually also attempts to direct the spiritual search, and it, then, becomes a search for spiritual pleasure, spiritual comfort, spiritual security.
 Sooner or later there has to be a disillusionment with that search also.

At the heart of every human being, there is a command to find this - “happiness.” But it is impossible to find happiness. As long as you are seeking to find happiness “somewhere,” you are overlooking where happiness is. The same in reference to God. As long as you are seeking to find God in some place, you are overlooking the essential truth of God, which is Omnipresence. When you seek to find happiness someplace else, you are overlooking your true nature which is happiness. You are overlooking yourself.

Nifty, in its iiird wave, gives a weekly reversal, a monthly "pause".

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Nifty moved above 5679-86 resistance zone and moved past "5692" too to reject the "wave ii" bearish possibility to signal a larger retracement. In either cases, the direction provided was "up".
EOD, not only signalled a pause but also, signalled a buy with a close above "5651".
The crucial EOM is here and a close above "5651" would maintain a month pause.
Also a close above "5693" would add to weekly pause.
 Lead indicator failed to deliver last week but poised to deliver this week.
Follow the prices....above "5716", week pivot, strength towards 5815 & more and weak below it.
..............................................................................................................................
I have been sharing whatever I have learnt the hard way in the market place with everyone without any discrimination through my blog for the past 5 years.
I suggest you to go through the simple write ups listed under the label "Applied Technical analysis" and "For Beginners". You will find them under the "LABELS" section at the side bar of my blog.
It is quite easy to understand. For reference, you can download the "JustNifty TA" excel file from "JN GROUP". It is updated and uploaded everyday.
Later you can go through the 8 topics discussed under "Always start trading with these" at the side bar of my blog.
There are more in the labels section like Market wisdom, Trading with discipline, etc.
Take time to go through them while watching the markets simultaneously. The time you invest today to understand the market before putting your hard earned money to work is the most sensible and wisest act.
In my initial phase in stock market, I wasted away the beginner's luck money earned from the market and gave away much more.
Please understand first and then trade or invest.
You could start right away by trading with our JNSAR, a Stop And Reverse method.
Get rich slowly and quietly.

Nifty moved to the most crucial "5692-97" zone ahead of "deciding EOM/EOW"

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Nifty, holding 5566 lows, has done an upmove to 5666, (i)/a and a corrective fall to 5580, (ii)/b and is poised to move higher in the next upmove (iii)/ c towards 5679-86 zone, the last ivth sub-wave.
If "c", it should limit itself to around 5692 and anything beyond it would make it a (iii)rd wave.
Weakness would be below the channel bottom @ 5580.
.......................................................................................................................
You have stated the reasons for your stagnation - Indiscipline.
I would just add..."Get Rich Slowly and Quietly".
Follow the system you have established. It'll take care of returns. Your job is to simply obey its commands and execute and Not Think. Keep your ego out of it which brings in greed and fear.
If Arjuna who was mentored by Lord Krishna fumbled often..wavered mostly, we, mortals, should then beware of the power of our own ego in our destructions.
Part book...re-enter...part book again..n number of times..stay with SAR till the end is the only mantra to be followed.
A true karma yogi will lose himself in the fire of act. Just pay attention to the acts..objective acts..loose your "self".

Nifty, trending down below all LEmas, continues to face "Sell on rises".

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Nifty, holding above 5566, attempted a "pause" in downtrend and met with selling @ 5665 where a 5 sub-waves completed.
Holding above "5575-80", it could attempt again such a pause. And if it manages to move past 5651, it could reach for "iv" wave high of 5679-86.
Only by holding the gains/ losses at EOD, technicals are built.
--------------------------------------------------------------------------------------
There are enough materials available in "For Beginners" in the "Label" section at the side bar of this blog.
I'll keep adding to it whenever opportunity arises.
In the most simple approach, use "JNSAR" for positional trading and use the Pre-Market's support & Resistances or "Pivot or Camrilla Table" for intraday trading.
As you gain knowledge & experience, you could add your "edge" to JNSAR management.

Nifty, holding 5566, attempted a ST bounce & got sold off at ST averages-5659-69(5dema/5dsma)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

A bearish Evening star pattern is developing in Month T/F, to be confirmed with a close around 5697.
However, there are many +ve divergences in Hour T/F and some in day T/F. How these play out to be monitored by monitoring the retrace of last fall from 5863, namely 5750 & 5804.
Holding 5566 or 5548, there should be a ST bounce towards LEmas initially.

Nifty breaks below Weekly channel no:1 & moves into "5548-83 zone" for an inflection/ impulse..?

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Nifty retraced the last fall by less than 80% @ 5686 and falling.
Weekly channel, 1st one, would break below 5625 and the next channel support is far away @ 5400(approx).
There could be pause in between @ 5548-5583 zone.
Resistances would be weekly pivot-5706 & DEma-5731.
......................................................................................................................
The guidelines posted below the tech. table is indicative only and they work most of the times. However, there are occasions, markets have fallen just after the day it has closed above the High ema or risen after closing below Low ema.

Being alert is an understatement and watching the follow up action is equally important.

These are guidelines but one needs to make a comprehensive trading plan where in tech. table too form an integral part.

In this regard, the combination of macd (Trend indicator) and stochastics (Lead indicator) has given highly successful trade set ups. Most of my charts are also based on these.

Knowing EW helps in "mapping out the likely moves" of the market and any deviations may be fit in with an "alternative view" and if that too fail, then we go back and relook at it from a higher time frame to see the larger picture.

There are traders who follow just the tech. table and are doing well.

Grow that confidence visualizing failure.....

We were 15 kayakers and three support rafts — and scouted the rapid from the right bank of the river. So far, I hadn't been feeling myself on this trip. The water was bigger than anything I had paddled before, and now even small rapids — waves I could normally surf for fun — were rattling me. I felt uneasy, stiff, awkward, and scared.

I volunteered to go first, mostly to get it over with. My hands were shaking, and it took me a few tries to seal my sprayskirt around the cockpit.
Adrenaline coursed throughout my body as I slowly inched my way toward the rapid. I positioned myself carefully as I entered the whitewater. About thirty feet upstream from the big wave, I started to paddle hard, taking short strokes to power through it. 20 feet. Ten feet.
Bam..!!!

Nifty, having closed below WLEma on 7th June, has given impulsive downtrend, reaching its critical channel support.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Weekly channel support @ 5615-5625 zone below which there is a cluster support @ 5583-5605 zone.

Monthly channel support is around 5540-50.

Last Hour high-5665, earlier low of 5683 are the immediate resistances above which yesterday's intraday high of  5706 is the next resistance.

Look out for faster retracement of last rise from 5477 to 6229 in the next two days. If that happens, that would add to bearishness. If not, there could be, atleast, a short term counter rally from bulls.

..........................................................................................................................................

You have poured your heart out after making a lot of "Sincere efforts to conquer the markets" for some time. I respect your wishes and feelings and I wish you all the very best in your undertakings.

I would like to add here that

One need not make efforts in a forceful way.

One should never attempt to conquer the markets but follow it.

Our JNSAR method eliminates emotions and personal judgements out of the way and has been found to be quite good to capture all the big moves of the market and I have been updating it since Sept.09.

If you feel you have failed, it is definitely not because of any forces beyond your control but due to lack of application to apply your mind objectively. When your money is employed, it becomes quite difficult to remain objective. Besides seeing many making successful trades (and no one tells you about their losing trades), you tend to rush in but too late.

Know this in your heart that making money in the market is not a difficult task but winning consistently is...and that requires discipline..commitment..unwavering focus in following your chosen method.

I hope to interact with you whenever you are ready.