Saturday, 24 November 2012

Trade Set Up : 26 Nov


NIFTY : Friday , daily candlestick recorded a Hanging Man formation. Thursday we had a Doji.

What is hanging man ?


"Hanging Man is a bearish reversal pattern that can also mark a top or resistance level. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of selling pressure raises the yellow flag. As with the Hammer, a Hanging Man requires bearish confirmation before action. Such confirmation can come as a gap down or long black candlestick on heavy volume."


That was one of the reasons I shouted for BLACK MONDAY in last few minutes of Friday close. We traded with lower volumes on Friday than Thursday  (which is not usual, Fridays attract heavier volume)

Expect heavy volumes to come next week during the fall.


Stay SHORT with SL 5630/5650 for a bear week ahead and hopefully a BLACK MONDAY.

First target is quick 5560 with slight support near 5600.


I vote for a GAP DOWN on Monday. If Monday finds a escape short each rise throughout the week.


DAILY and WEEKLY CHARTS (Self Explanatory)

Weekly Charts are holding good for bears  with daily charts also signaling SELL.








About Client Zone :

I was receiving personal requests to channelize the trades with more appropriate timings so that it could be caught the moment its traded by me.Can't feel the level of responsibility and liability for finding time during trading hours.
Henceforth I am also going ahead with Client Zone section which will be a pure business zone for interested parties who want to trade with me.
Please visit ssclients.blogspot.in for further details.

I want to pre clarify that no promotions , performance reports or advertisement would be done on this homepage.
Usual analysis and live trades will continue as before.
I will try my level best to maintain the purity of the homepage.
Though its quite logical I will have a weighted focus over client section during live trading .

SS




















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9 comments:

  1. Naveen25 November 2012 at 18:05

    SS bhaai
    apne mere sawaal ka jawab bahi diya??

    aap job karte ho ki khali trading se paisa kamate ho or any business u do?

    ReplyDelete
  2. Amitabh Agrawal25 November 2012 at 18:39

    This comment has been removed by the author.

    ReplyDelete
  3. Amitabh Agrawal25 November 2012 at 18:49

    Hello SS,

    I am watching ur blog since last thursday. I completely agree that posting charts/analysis and trading profitably are totally different things. Congrats and best wishes for your endeavor ! Some observations..

    1) We need to refresh the blog every few minutes to "pull" updates..this is time consuming n irritating. Any time lag is mostly harmful. So suggest some push format like installing chat for being more effective.Yahoo messenger is also good option.

    2) the brokerage + taxes u r calculating in nifty 200 is actually much more than Rs180.

    3) Sms service which u propose to start should be from premium paid servers. Free msgs are not good for real time trading.

    4) Finally, to clarify ur charges is for profit target of Rs25000 subject to max of 24 trading days, whichever is earlier. Capital required is 50k. This tgt should be preferably per lot or max 2 lots.

    Hope it helps !

    Best Regards,
    amit
    (amitabhwic@gmail.com)

    ReplyDelete
  4. Amitabh Agrawal25 November 2012 at 18:54

    Dear SS,

    Shall prefer knowing more about U. Ur profile does not even tell ur name. Please consider this as request.

    Thanks!

    ReplyDelete
  5. SS26 November 2012 at 01:11

    Naveen : You forgot our rule : Critisize the subject not the author.
    Amitabh jee : Thanks for your time putting a view here.
    Will get back to you tomorrow , its late night here.

    ReplyDelete
  6. SS26 November 2012 at 10:27

    Amitabh jee , if you dont mind I will reply to you after market hours today. By evening 6.

    ReplyDelete
  7. Amitabh Agrawal26 November 2012 at 10:55

    Dear SS,

    Even i dont expect such replies in mkt hrs. Please take ur time.

    Thanks!

    ReplyDelete
    Replies
    1. SS26 November 2012 at 16:36

      Thanks Amitabh Jee.

      1) Thanks for the wonderful advice .I would be pulling in a chat service for sure for client section. Time lag was the prime concern , I was wondering of.As

      soon as I update the blog , it will be merely a copy paste from blog to chat and same on sms.
      I would not be able to talk anything else with anyone during live trading timings.

      2) Brokerage I am counting is 45 Rs per lot single side. Thats an avergae brokerage , usually all , short term day traders have got this .
      If you still paying higher brokerage , please get in touch with your RM for getting it fixed ,provided you have enough volume trading.
      Personally I pay 30 rS per lot single side.

      3)I will like to clarify , this is not any company or serivice firm. This is purely individual me and my one partner to handle backend details.
      I won't be taking more than 15 clients for any contract.
      All clients will be personally SMS'd by phone and delivery report fails , we can call get the trade reaches you.

      I am mostly reserved for my personal trades . Hence I was not getting the real liablility and responsibility for updating my trades on a free zone.
      It disturbs.
      Handling a Client Zone , would give me a neat motive to share my trades ith folks serious about trading. The money asked is not a big amount and its

      Refundable. I am not focussing on making a business by selling my trades , rather I am asking Money on Merit. If I can,t , i dont be charging anything.
      My approach , My capability ,My trades , My trading style are present in Archive section of the blog.
      Serious Clients can pull my record of the past trading days and judge if they can go ahead with me or not.


      4)Per Lot Per trade or something like that , I seriously dont want to get into.
      MONEY MANAGEMENT holds 50 percent key of trading success. I know many folks would catch excellent trades and bad trades but eventually end in red due to poor money diversification and risk profit calculations.
      I would like to handle this front Personally.
      Hence the contract is designed from initial money to target money rather magic calls tip's etc.

      5) About profile decription.
      Markets are tough places. Majority are losing and are frustated for most of the time .They are free for life , to creep into personal life of the trader.
      They can behave irrationally. Who wants his personal life domains getting affected by stranger weird comments.

      Clients would no doubt have all details of me .
      The bank account details for payment should say it all.

      Please let me know if you still have any doubts.

      SS

      Delete
  8. Amitabh Agrawal26 November 2012 at 23:04

    Dear SS,

    Thanks a lot for your detailed reply. Convinced by most. Wish to see faster "push" updates before I take any call on subscribing. Hope to join u soon !

    By the way today i traded for 1st time with you and it was BHEL(long @3.40) and missed exit due to time lag, STILL HOLDING so if possible please update this tomorrow:(

    Thanks!

    Regards,

    ReplyDelete

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