Retracement strategy, a must for traders.

 Trading strategy that works wonders besides the supports & Resistance is "Retracement strategy":

The strategy that has worked consistently well with low risk-high reward ratio is:

"Initiating a trade at 50%-61.8% retrace with 80% as SL".

Understand its workings.

A trade is not complete once an opportunity is spotted & it is initiated.

A trade needs managing, monitoring.

a. After a trade is initiated at the key retrace point, you keep SL around 80%.

b. Once the prices start to move from your trading point generating profits, you monitor
the "key retrace of that rise, if up move OR the key retrace of that fall, if down move" and

trail your position.

This important part helps you "lock-in the profits as well as points to your new exit points in case of adverse reversals".

c. You manage your trade by part booking and holding the rest with the trailing number that keeps changing based on the price advances or declines.

Follow prices using HH & HL or LH & LL. Do not look for perfections.
Trendline helps to identify end of a move so that you can choose a "retracement".
Ideal is 61.8%; but 50%-61.8% is the zone; 80% is the SL

Do these above and see how your trading results improve substantially during every month.

Nifty Pre-Market View.

Trading strategy that works wonders besides the supports & Resistance is "Retracement strategy":
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
Understand its workings.
A trade is not complete once an opportunity is spotted or it is initiated.
A trade needs managing, monitoring.
a. After the trade initiated at the key retrace point, you exit the trade once SL is triggered.
b. Once the prices start to reverse from your trading point generating profits, you monitor the "key retrace of that rise, if upmove OR the key retrace of that fall, if downmove" and trail your position.
This important part helps you "lock-in the profits as well as points to your new exit points in case of adverse reversals".
c. You part book your trade and hold the rest with the trailing number that keeps changing based on the price advances or declines.
Do these above and see how your trading results improve substantially during every month.
FII's are alternating buying with selling in typical of consolidation with in the major uptrend.
Prices, in the short term, have closed below two key ST averages.
"Consolidating 2nd wave" continues, having broken below key retrace points at 7500-18;
The ST direction is "biased down" till prices continue to close below DLEma & these two key averages (21 or 34 hr smas).
Aggressively Holding below 7535, Conservatively Holding below 7543, correction continues....

Nifty Pre-Market View.

In a trending market, especially for traders who look for immediate gratification, then prices move in the direction of the trend in a substantial manner satisfying the "trendy guy".
In a sideways/ corrective/ consolidating market, the price behaviour is unpredictable as it unfolds in small bouts of ups and downs, frustrating the trendy guy who fails to accept that the trend has paused or attempting a reversal. The TT shows the way; but ego fights it.
FII's are alternating buying with selling in small qty., typical of consolidation.
Prices, in the short term, have closed above two key ST averages.
"Consolidating 2nd wave" seems to be done at 7442, requiring "holding of key retrace points at 7500-18; The ST direction is "biased up" till prices continue to close above DEma & these two key averages (21 or 34 hr smas).
Aggressively Holding above 7553, Conservatively Holding above 7525, rally continues....
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.
Note how prices are consolidating in a broader channel with many cluster points creating minor channels.

Nifty, from overbought zone, broke below key retrace level-7625 to close below DLEma..

We discussed "Macd turning down in extreme point"; here, it is.

NIfty generates "noise" in Hour T/F while its all other higher T/F Technicals are intact..

As the "Title" says, this is the "Trend indicator"; Ideal long entries, especially for deliveries are when it turns up deep in the negative zone. Also, when it corrects in positive territory & comes close to "0" line and turns up. Similarly, for profit booking and selling, the reverse may be applied. And when you read it along with weekly "Macd chart", the performance improves.

Nifty Pre-Market View.

Bruce Lee once said, "I can show you 10,000 of my ways, but they are my way. You must find yours."
And when you find them, share them too.
The Best part of EW study is its "Validation & invalidation numbers" and we follow them by using "last rise retrace in uptrend and last fall retrace in downtrend. This one strategy gives so many successful trades that we witnessed in the recent past and we'll continue to experience them in future too....remaining objective at all times.
(The last rise from 6245 ended @6309 with a 5 sub-waves)
Need we say anymore....!!

Nifty Pre-Market View.

5-Waves got completed @ 6142.
Did we know for sure? No.
Then, how do you make your trading plans at such a juncture?
We spotted a 5 sub-waves in the fall from 6142 to 6089 at Friday's open.
It could only be either a (iv)th wave of the last rise from 5805.
OR
The start of a correction for the entire 5 wave rise from 5119 to 6142/ Reversal.
In both cases, the immediate direction is "Down".
So what does one do?
"Sell @ retrace of 50%-61.8% with a SL above 80%", the best trading strategy for traders I strongly recommend and that translated into as below:
"Sell @ retrace of 6116-22 with a SL above 6131".
And Prices started to fall on retracing upto 6131 on RBI announcements.
That still kept both the options open.
If (iv)th wave correction, then a=c comes @ 6142-6089(53); 6131-53=6078 as (iv)th target.
Decisive break of 6078 would confirm a larger correction for the entire rise from 5119-6142.
And Market obliged with a quick, decisive break.
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Similar dilemma today:
Whether 5 waves done from 6142 to 5933 or not?
Make your plans for the day and Keep it as simple & objective as possible.
Remember whenever market does 1,2,(1),(2),(i),(ii) OR (iii),(iv),(3),(4),3,4, it calls for extreme patience & alertness.
We outlined on Friday:
1. It is possible that a 5 wave got completed at a truncated 5938.75 at 2.00PM.
In that case an "abc" bounce is likely.
------------------------------------------------------------------
"abc" could continue towards 6032-55; Gets negated above 6091.
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2. If we consider it as 3 wave fall, flat corrections would trade in a broader range of 5900 to 6150.
------------------------------------------------------------------
Above 6150, break out; Below 5900, Flat gets negated.
------------------------------------------------------------------
3. The 4th wave of the fall from 6142 is still continuing...
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Above "6030", we would negate this view.
September 20, 2013 at 3:23 PM
If 4th started from 5933 as a flat correction:
 4.a=5933-6016
4.b=6016-5939
4.c= normally equals a; hence-5939+83=6022.
I applied a filter of MHEma(6029). Such excesses happen.
Now if it opens above 6033 on Monday, 4th is negated.
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EW usage for trading will be highly effective ONLY if you learn to identify Forms of waves.
(Shapes each wave is likely to take. Only more exposure would make it possible).
-------------------------------------------------------------------

Nifty Intraday Update-I

Nifty, holding above 5958-67, crossing 6050, shows a strong "bounce"/ ST reversal...

Que: I am still not able to comprehend prolong sideways movement as consolidation or weakness and hence such pointed question.
Ans: Very valid question. Though I do not know what it is, I follow a simple method to follow:
Whether the prices are trending up or trending down in the short term?(since it is related to small swings & mostly to manage intraday trades.)
What is the sideways range being developed?
Once these two answers are ready, you trade the break-out or break down. Alternatively, you could make your trades closer to supports or resistances based on the trend in force in short term.
For eg:
For the day, the short term trend turned +ve with 10.00AM close.
The range developed was "6012-6034".
Either you trade the break-out @ 6034 or buy closer to 6012 considering the ST trend.

Why should we know whether the market will move 100+ higher or 100+ lower.
How many such predictions have made millionnaires?
EW possibilities are "always available in the charts - Hour/ day, etc". But for trading purposes, we go by a "preferred view till it remains in force" and once gets negated, we opt for "the alternative view".
TT offers its "latest signals to follow", a follower would have followed & reaped rich returns.
JNSAR trader would follow only the "JNSAR Number".
Each method has their entry/ exit/ target/ no target points to be followed.
Once you get "clear on these & believe in them", nothing should deter you in your path.
Market will take its own path....no one knows for sure especially in the short term. Even in medium term, the "inflection point" poses challenges. Nifty is in one such inflection point.
Hence, if you're beaten by the market, do not be harsh on yourself. But follow. By following, your path will merge with market's path in due course and gains will follow.

Pre-Market plan based on EW & TT worked just fine. There was a buy @ open holding above 5958-67 for the (iv) th "c" wave(Low made 5975) and a sell based on EW @ 6038-48 but TT did not show weakness at all and above 6050, the sell got negated for a larger retracing rise(High made 6100).

Manadukku mattum bayanduvidu.... Just be fearful of your conscience...

Elliott wave with Macd

Nifty, having turned "down" in day T/F, weakened from 5dsma.

Hi...Tanvi,
Is that all you picked from this blog...a service provider. (I'm not a judge on him and he isn't here to defend himself)
If you have been reading this blog for a long time, you'd know that I have wished many when they started "Paid services" and they stop participating in our daily exchanges here as it would mislead readers because I never endorsed any paid services.
If you have time on your side, trade the markets yourself after spending sufficient time learning the few simple concepts. And if you have no time, invest directly through "SIP" method after spending weekends and holidays to understand individual stocks.
I can not comment on any "Paid service" as I have no experience with any.
When you go to a doctor, you're the "employer" and you must ask the right questions and when you find anything abnormal, you must take the opinion of another doctor. Choosing the doctor is very very essential to your health. And once chosen, watch the results to be on the right side of health.
Similarly choose the best service provider and if the services offered is not to your liking, protect your capital and exit. Often, greed makes one to choose even when not getting all the right answers. Whose mistake is it? And then, you hang on even when you are losing constantly.
Greed has been my undoing once; but the same greed is under my control then on. Greed is good but know when to be greedy and when to be fearful.
Never complain; never explain...It isn't worth it. People, anyway, will go for such services; if not here, elsewhere; and the story is same almost everywhere.

Objectivity is often the casualty in the "excitement-filled-share bazaar". You need to be calm and in a meditative state to "follow" which is the only surest way to make money consistently.

I wish you sincerely that You must reach a stage when you do not have any doubts sitting through a position or a trade because you then will have a good trade plan as well as the "Belief" to sit through with your protective stop.

Every trade set up has few critical factors and they should meet the minimum safety points and if the safety net is wide, you are likely to lose a lot if the trade goes wrong. If the trade set up meets all the requirements, they become "Low-Risk-High-Probability Trades".
By being patient, one meets with such opportunities.
I can list a few here:
Mechanical SAR Trading with JNSAR (Or any other SAR Number)
Positive and Negative divergences combined with Oversold or Overbought higher T/F.
When two T/F exhibits divergences.
Break-out from a "Range-bound market".
Break-out or Break down from Channels or trendlines.

A 5-wave is done in downtrend or in uptrend.
A 3-wave is done when in uptrend or in downtrend with trend being intact.

Choose your favourite strategy, one or more and patiently wait for them to emerge and act with proper SL. Even a well worked out strategy could fail but your SL will protect you.

Get Rich Slowly & Quietly.
(There are few millionaires following here very quietly and you, too, will become one in time)

Nifty Pre-Market View.

If you are keen to make intraday trading, it is very important for you to assess the likely supports & resistances in a sideways/ Range bound market.
It is also important to know the likely retracing points to initiate "resell in a downtrending" market and "rebuy in an uptrending market".
Till you attain a fair degree of knowledge and discipline to apply that knowledge, you would be better off with your capital "depleted by the unforgiving market".
"Objectivity" is the term grossly underestimated & often ignored by most in relationships, work and in our case... in trading.
If you can be objective enough to follow one study, you would find adding few other studies would not pose a problem "as long as you remain objective". Only when I added Elliott study to my strategies, my understanding of the market became crystal clear. And I kept EW as an "Use & set aside" kind of study and have been using it quite meticulously whenever the need arose. This improved my understanding and application of "Technical Analysis" better.
Your experience could be different; and you must follow the one that gives you a better "strike rate".
But just becos' it hasn't worked for you, you shouldn't pass a "judgement".
Which study hasn't suggested "weakness" in the market..? It is our own opinions of "what the market should do" that keeps us from following the simple message that our studies have shown.
----------------------------------------------------------------------
DLEma/WLEma would be the critical resistances for the day.
200dsma-5614/ Earlier peak @ 5630 are key support levels.
New signal that would emerge would be "a close below or staying above WLEma" that would bring back the downward momentum or keep Nifty in a trading mode..

Nifty Pre-Market View.

Corrections are the phases, a trader would adopt to range trading.
1st part of it is to ascertain the range; and it is done using a pivot table/ camrilla table, merged with key numbers from TT & Fibonacci table.
2nd part is to understand the "intra technicals" & global cues to identify the entry; It could be a long or it could be a short but take the one that meets the above criteria and presents itself first.
3rd part is to execute that entry when the market unfolds.
"Supports & Resistances" strategy is the superior one to all.
Knowing EW with its "correctives guidelines" offers you many "low risk-high reward" trades. Patience is the key and discrimination to choose a trade is the major factor to success.
--------------------------------------------------------------------
The stretched markets are undergoing correction and it has followed the "26 to 49 points" thus far. And if it exceeds too, it is likely to bounce back as long as higher T/F Technicals are intact.

Nifty Pre-Market View.

Corrective for the last rise from 5583 to 5777 is the first consideration;
If that fails, retrace for 5216 to 5815 is said to be continuing.
The current corrective fall is not yet complete; hence the suggestion to "trade the position" and take a view depending on the "supports offered" - this would help to alleviate the pain of seeing "eroding profits due to gap up & downs".
"Trading the supports & resistances" is the "only way" to keep your cash box filling steadily.
Do not have opinions & it is so easy & addictive.
Simply follow...surrender to market rhythm...the rhythm of your choice.
2 min trader - metal
5 min trader - rock
30 min trader - pop
60 min trader - romantic
Week/Day T/F  trader - classic .
Now choose yours.
Some choose to have more than one. But play by the one you've chosen.
For the classic, stay silent;
for the rock, twist & turn.

Nifty Pre-Market View.

Happy Birthday to dear Srini Harkara (One of our oldest readers).
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The upmove from 4770 to 5124/5144 had pull backs of 53 & 65 points along the way.
5315-5340 zone would be first resistance zone.
5220-5251-Wk & Day Pivots are expected to act as supports.
Parminder has spotted a rising wedge pattern from the lows of 4770 of this current uptrend and Nifty is hovering around the upper resisting trendline of that rising wedge. We'll consider it as the TA start to merge with that and the prices continue to keep themselves within its boundaries.
One of the highly rewarding trading strategies is "Pattern spotting", the most recent one being the "ascending triangle".

Nifty Pre-Market View.

Waquar asked: Can you please post a write-up as how we could have traded today(17th May, Thursday):


How: As per Pre-market view, it was a buy above previous day's high @ 4882 and it moved into the resistance zone of 4910-30. Since the fall from 5125, the bounces have been in the range of 69 to 86. Hence, a potential resistances would be 4906-4923. This is  "the best" quantitative analysis for selling into rises in downtrend and buying into declines in uptrend. And there were many resistances ahead @ 4925(Dema) 4930(80% of last fall). Being below most emas, & having moved up nearly 90 points from the lows of 4837, it, first, fell to 4910.40 and bounced off to 4919.30 @ 11.10AM. And when it broke 4910 again, it was a good sell for retracements towards 4859-Day pivot & 4854(80% of 4837 to 4922).

This break of 4854(80% mark) again warns you of more downsides...more new lows.
Based on previous day's price action, you could plan the 1st session's trade and the rest of the day is mostly guess work. Hence, make the initial trades based on sound study.

Now for today: With weak global cues, we wonder whether a selling points are possible at the open. Break of 4855, is a sell for a min. targets of 4800-10 and more(4750-70). Today could be the "deep cut"..There is a trending move within a channel as shown in the chart below. Longs, for intraday only, possible whenever Nifty reaches the bottom & shows signs of reversal with a move past previous hour's high. More strength would be possible only when it breaches the middle(red) line to target the upper line.
"Shriram" sensed & voiced of the flat correction towards close after the fall from 4922 to 4851 yesterday which is "i" & "ii" done and "iiird" to start today....a "iv"th would be a selling ops. And what "Shriram" says about EW....still not believing...You'll believe as long as you discriminate only the "obvious ones". Not all life's mysteries are known to us. We, mortals, should be happy knowing this much... JaiShriRam..!!

Nifty Pre-Market View.

A trending market with higher T/F in confirmed downtrend(week) needs to be treated differently and "lots of patience" is required to make big money.
EOD prices remain same on some days but "intraday rallies" get sold into. As a trader, you make "more money", playing those moves.
We have shown in the past few days-7th May, 8th May, 9th May, 10th May- how to initiate such trades using developing resistances along with fibonacci retracements. And they definitely are not "peanuts". Infact, they improve your "SAR performances" in a significant way.
Aren't we all traders? Rising market in downtrend offers you "Juicy opportunities" and you need to be like the smart farmer who identifies ripe fruits & pluck them. Identify those amazing opportunities to initiate trades and that is called "catching a running train at junctions till the engine is put in reverse direction".
In such downtrends, I still strongly recommend you to "Sell on rises", leaving out the "counter trend rallies" till a reversal signal emerges.
Just as "Dinesh Rishi" prefers to "Only buys in an uptrend", you could adopt "Only sells in downtrends".After all, a trend is a trend...whether "Up or Down" and a trader would do well to know the trend and play along.
5 sma is like the "Indian rope trick in a trending market" that prices keep coming back to it and moves away. It did so on the "GARR day and yesterday" and that is 2 great opportunities. Similar thing happened in BN & many stocks too.This is also called "catching up with averages".
Take advantage of the steady, disciplined contributors: "Mynac"(KST/ OI), "Sanjay Jaiswal(OI)", Cooldent(JNSAR), Shriram(Google 30min TA),J.R.Julius(Camarilla)& DineshRishi(Disciplined TA) and others to be identified once consistency is visible.

Nifty PreMarket View

Reader:Please send me Tehnical analysis excel sheet.
Ans: Download the file from the link given at the top right corner of this blog as "JustNifty TA"
Reader: I was trying to find some corelation between TA and abrupt fast fall/rise. Infact I was seeing divergence in the 35D hourly chart , but was not sure as market sentiment was upmove and waiting to break 5338.
On the same line I was wondering to catch some meaningful inference , would it be wise to track 30 minutes and 60 minutes chart in parallel.
I tried to create the same and see the divergence was quite prominent in 30minutes chart.
My query...
Is my inference right or I need to fine tune further.
Is it worth investing time in 30 minutes chart , and derive some moves aligned with higher T/F.
In day T/F , if price doesn't move north on Monday , are we back in CT.
Lastly thanks for creating such a nice excel file , it so awesome .I rely on it .Just I am not able to draw trend line and Chanel there , may be there woud be some option to be explored.
Ans: While you were trying to look for a break-out above 5338, you should have kept an eye on break down below 5310, a point where Nifty took support thrice in 2 days.
Why 30min & 60min TA only? Any T/F would give you points commensurate with the T/F but at the same time whipsaws as well as SL would change as per T/F. Higher the T/F lesser the whipsaw & larger the SL and vice versa.
This CT has more or less failed. We would know today. This correction could get deeper. 5335 & 5265 would decide today. You could draw trendlines in the file.
Reader: Please let me know which system should i use to do intraday trade and positional trade. I have used various moving averages but confused. Plese provide me with some method to earn. If i sell nifty at overbought zone(greed) shown in your chart will it work.
Ans: Read the write ups under the title "Always start trading with these" - at the top right corner of this blog.
Reader: Sir in respect of today’s sharp move whipsawing D-JNSAR as far as 90 points away, what I did is reversed (taken SHORT) @ SAR level in future, but couldn’t revers again to LONG as it was so fast.
As you said - HHEMA indicating possible reversion might have been used but again that would be against D-JNSAR position.
Sir, I need your help in this respect as what one should do in such situation.
Ans: Actually it was fast to create shorts but slow to reverse to longs. As some would observe the 5 min price close, JNSAR-5259 did not trigger. As per our original JNSAR write up, which is followed by Crorepathi, JNSAR short is triggered when prices breached it. It will be managed from today. For those 5-min followers, JNSAR would be 5266 & they may or may not apply filter today.Trading/ closing below HEmas suggest of loss of upward momentum and hence "trading time" until prices closes below LEmas at which point downward momentum would set in.
Reader: You have mentioned 1.41 pm fast rise setup in this hour.In that hour nifty rose. After 2.00 pm fall was so fast.
sir please tell me how to identify the setup with numbers of today, whenever you have spare time in this weekend.
Ans: Please check the Label section for Fast fall/ rise. These are MA(moving averages set ups) suggesting a potential and they fail at times but is managed with "invalidation" point. As per Yahoo intra chart of Friday, breach of 200min Ema @ 5310 was the invalidation point which coincided with the recent support point.
Reader: i have been following your blog for around 4-5 months......i am trying to understand what you teach but the thing which confuse me the most is different time frame like today when mkt broke above 5315 (daily pivot) for the first time hourly stoch was above 90 even though daily had scope for up move , i got scared n didnt buy a call n this is not the first time this has happened to me .....i know this is lack of confidence but it always happens to me if i see hourly OB but daily showing space for up move n i buy a call it falls very fast n i have kept a SL of 500 for any put call taken so i suffer a loss...........so my question is how to over come this different T/F confusion...........i mostly buy put/call looking at hourly chart so it ok if i just look at on hourly n daily T/F and ignore weekly n monthly all together so as to reduce my confusion.
Ans: There is no confusion in different T/F. You are not able to accept the facts. You have too much thinking going on in your head..too much chattering. Your thoughts aren't clear.
If you follow technical analysis, follow it with belief and not with fear. Before you enter your trade, you are mentally dreading that you'll lose the money. With this mind set up, you will make sure, you lose.
Make a very simple small trading plan and start to make smaller gains to gain in confidence. Stop talking about theories/ systems/ methods/ studies, etc. All these are meant to be tools to make money once you understand the market better with such studies.
As you make money, forget about each winnings or even losses (keep them to the minimum). Never get excited about your success.
Reader: I have been following your blog for last 2 -3 months. Its quite impressive,Sir, I am in a big loss, almost having lost 3 Lakhs in share market.
Do you think it is recoverable ? I am in real trouble.
I work in a office so can not get much time to follow the market minutely.
I downloaded your file. There are so many parameters. Sir, following only the JNSAR number and not considering any other (Emas, pivots, Global cues, bank nifty etc) would be good ? Please suggest.
Ans: Firstly, you must remove this thought of recovery. And you must do things differently to achieve different results. Know the market with the use of TA written in this blog (or elsewhere) and if you have belief, enter and if not, save the remaining money. Since you have no time to monitor the markets during the day, follow JNSAR on closing basis and also take trades only in the "Long" sides (Dinesh Rishi Strategy) whenever it happens. I would reconsider restarting "positional strategy" based on week/ Day T/F". Follow them as per Pre-Market only. And Get Rich slowly and Quietly.

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"5327-35" continues to be resistances and weakness starts from below 5291 for selling (Even JNSAR) and the last support for the day is 5200-5215.

Whenever a correction does not terminate at the normal time period and established patterns are mimicked but reversals fails (eg: CT), bears get active.

Nifty Intraday Update-I

If you want to succeed in stock market, know this: There is no perfect method/ system. You may improve upon the existing one to reduce whipsaws/ make better entry & exit or create a new system based on your own parameters.
The problem with the labelled "Perfect system" is that it makes you get into a complacent mode with a sense that your system will take care of results. Wrong. System stays wherever it is. You have to work with it. You have to manage your emotions of fear and greed. Fear always work when your system says buy (and in some cases sell) and greed when your system says sell.
If I can not make money with the most basic "Close price + 5dema or 5 dsma", then I'm not ready to use the next level system...& then on to more sophisticated systems.
Whatever system you choose, understand first how it works & whys of it and once you believe in it, never deviate from it.
I'm not an expert at certifying anybody's system. If it makes money for you, it certifies itself.
I have chosen a system and I do not want to look away from it. And you should also choose yours and stay loyal to it.

(Whenever I see enthusiasm in readers about a new system, I feel sad that they have failed to apply themselves with the ones they know of. This is not to discourage anyone from finding a new method which is better than the existing ones. But this is an honest observation of mine that most will never admit to their own shortcomings in handling a system but end up blaming the system. Hasn't JNSAR delivered 700 points in just 19 days this year or a minimum 300 points which is 30% return on a capital of Rs.50,000 in 19 days. You could sit and work the same magic with J10SAR and so many other methods)

All I emphasise here is that "Work at yourself and display everyday...every hour how you handle the market with your applied knowledge"...there is no shortage of systems. If you don't realise this soon enough, your running will never stop.

Nifty reached the earlier cluster point around 4600.

1. JustNifty TA(24th Nov)

Why traders get emotional and not able to follow through their plans?

The answer is quite simple.

When you make your trading plan, you use your brain.

When you start to execute the plan, implement your strategy, leave out the "thinking"...leave out your "ego".... Just do it.

Using your brain unnecessarily, you end up a loser...and you have also seen many messing up their trades despite knowing fully well what should be done.

Now try this: Without using your brain, simply execute the trades. Wait... wait..not just yet.. Wait for those "good trade set ups" to emerge and then start.

With this knowledge that trades are messed up when we start having "opinions" of what the market will do....and this fear holds you back from doing the right thing.

So the steps you must take include:

1. Plan a trade with one or two contingency plans.

2. Key in your order to buy or sell.

3. When the order is executed, key in the "Exit price" along with your SL.

4. Do not change it unless one of your contingency scenario start to play out.

5. For simplicity, you can do away with contingency plans.

How do I plan my trade...?

Take the JNSAR number and plan your trade with it. It can't get simpler than this.I have shown it in the pre-market table. Can you get dumber...dumber...and then see all those riches.. Stop the chatter..start hearing those money jingles.

If you are not holding your "Shorts" created @ 5275NF, wait for the next signal or next re-sell opportunity.

Click on the chart to get a clear view.