Whenever someone says
"I am not going anywhere, dear! I am here only"
What he really means is
"I will be back in 2 minutes!"
Whenever someone says
"will be there in 2 minutes, honey!"
What he really means is
"It will take atleast 10 minutes more!"
Whenever someone says
"It will take just 10 minutes more, Sir!"
What he really means is
"It is likely to take upto half an hour. I am trying best but it is hard!"
Whenever someone says
"I need half an hour for that!"
What he really means is
"I fear it may take 1-2 hours! I haven't yet got the full grasp of the issue!"
Whenever someone says
"It may take one or two days!"
What he really means is
"Not before next week!"
Whenever someone says
"It will take miminum one week"
What he really means is
"It will start not before one week. It may take even one month!"
Whenever someone says
"Don't know how much time it will take?"
What he really means is
"Don't know whether this can be done at all?"
So, when should you believe a breakout or breakdown?
Simple,
whenever the price says
"Look I have crossed the breakout/breakdown line"
what it really means is
"I am not sure whether I will be able to sustain it or not"
but whenever the price movement says
"It is just 15 minutes since I crossed the line"
what it really means to say is
"I have liked the grass on this side and I intend to graze here some more"
Generally, a bluff move evaporates in 15-20 minutes.
Any more time is a sign of change in the trend.
This is known as "the 15 minute rule"`
1 comment:
Dear Js Sir,
You had in the recent past mentioned about posting your trade ideas on mudraa.com and also if possible by email / sms. I have sent my details to your email add - jagmohanshan@gmail.com & jagmohan_shimla@yahoo.co.in
Please confirm receipt of the mail and also whether you have commenced posting / sms'ing / email'ing your calls or not.
Also appreciate if you can let me know the place (aka website) where to find your calls as and when you post them. Of course I take full responsibility for any and all trades initiated by me, based on your suggestions or for that matter any suggestions I come across on the internet.
Best regards.
dv
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