Monday, August 25, 2014

well left!!!

"the market seems locked near 7970 or around that. operators lose a lot by taking market above that." (nifty talk 23 aug)

today, market made high of 7968 spot and collapsed

"technicals know that news is coming" they say!!!

interesting!

such trading opportunities are mouthwatering poisons.......they are there but not to be taken
volatility seems such a demoralisingly missed opportunity, but in effect, it is a deadly outswinger well left.
operators lay such traps to snatch the gold chains around ur neck.

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today's second half sharp slide is bad news for bullish march of the series.

since technicals indicate more/followthrough slide in coming days, the upswing is effectively halted for the time being.

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technicals also confirm that this is only a pause in the up trend, not a threat to it as of now

i will be looking for a specific signal in the first half tomorrow to check a highly unlikely indication of start of downside. (still, for academic reason, no harm in anticipating a theoretical possibility)

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if the above mentioned unlikely signal doesn't come, i will be looking to buy at dips in the new series.

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as of now, expecting expiry around 7900....

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in a nutshell, in a no trade zone...... absolutely no short trade opportunity as of now....long trade paused.
80% of the money is made in 20% of the time.

rest time is a honey trap.

must take select trades (2-4, based on experience) only. money u make is more important than the number of trades. 

1 comment:

Ifollownifty said...

Hi JS,

Thanks for coming back.. your earlier post were all very inspiring for me as a budding trader, specially your RSI/WIllIAMS combi... trying to grasp many things in it..

Nifty follower