9:36 AM
YES BANK :
520PE @ 8 (Traded)
Stop Loss 6.95
9:40 AM :
Rest THE BIG order you see at 8.60 is MINE.
9:45 AM
Traded ALL,
SL @ Options day low @ 6 . The SL seems wide but my target stays 20+..I am comfortable with this SL.
11:02 am
Steam is picking to upside in YES BANK.
Wide SL was chosen as pre results , the turmoil is acceptable.
Most Analysts recomending BUY on YES Bank.
What should I do ? Should I cut my position ? Is it fearing me , my large positions can see the trash ?
My SL should answer this , not me !
I have moved my SL @ 7 now.
11:34 am
Even Bestest of results from Yes Bank , should call for a SELL OFF.
Buy the Rumour , Sell the News , May be .
I only bet as it's the Nifty mood that particular day which sometimes decides the fate of prices post result
5 min MACD is on a fall , posting a neat negative divergence on the last high made.
30 min MACD too looks like peaked up and if magnified the last high there as well marks a negative divergence. A cross to down and bhooom to down (result can trigger it)
GoodLuck Yes Bank and all those analysts on cnbc , ndtv who have chosen a long trade on it today.
I am SHORT.
12:02 pm :
I call it HnS in 2 min , 5 min whose breakdown will be triggered with MACD crossover in 30 min and all that trigger should come from results.
Am i thinking just in direction of my positions ?
SL @7 is tight . Markets are Supreme.
12: 30 pm
The break down has STARTED.
Results are out I think
Hns has BROKEN down.
30 min MACD has triggered a bearish cross.
We are below 520...My target stays below 500. Hold it for tomorrow if not today.
My hair tweaks that have went white, spending years in trading are proving their worth !
SS
YES BANK :
520PE @ 8 (Traded)
Stop Loss 6.95
9:40 AM :
Rest THE BIG order you see at 8.60 is MINE.
9:45 AM
Traded ALL,
SL @ Options day low @ 6 . The SL seems wide but my target stays 20+..I am comfortable with this SL.
11:02 am
Steam is picking to upside in YES BANK.
Wide SL was chosen as pre results , the turmoil is acceptable.
Most Analysts recomending BUY on YES Bank.
What should I do ? Should I cut my position ? Is it fearing me , my large positions can see the trash ?
My SL should answer this , not me !
I have moved my SL @ 7 now.
11:34 am
Even Bestest of results from Yes Bank , should call for a SELL OFF.
Buy the Rumour , Sell the News , May be .
I only bet as it's the Nifty mood that particular day which sometimes decides the fate of prices post result
5 min MACD is on a fall , posting a neat negative divergence on the last high made.
30 min MACD too looks like peaked up and if magnified the last high there as well marks a negative divergence. A cross to down and bhooom to down (result can trigger it)
GoodLuck Yes Bank and all those analysts on cnbc , ndtv who have chosen a long trade on it today.
I am SHORT.
12:02 pm :
I call it HnS in 2 min , 5 min whose breakdown will be triggered with MACD crossover in 30 min and all that trigger should come from results.
Am i thinking just in direction of my positions ?
SL @7 is tight . Markets are Supreme.
12: 30 pm
The break down has STARTED.
Results are out I think
Hns has BROKEN down.
30 min MACD has triggered a bearish cross.
We are below 520...My target stays below 500. Hold it for tomorrow if not today.
My hair tweaks that have went white, spending years in trading are proving their worth !
SS
trading only YES today?
ReplyDeleteZXC
SALUTE TO YOU Sir
ReplyDeleteZXC : Yess. It was giving me the best odds. I mentioned , this one is going to be a great trade , my chunk of money is just in shorting YES bank today,
ReplyDeleteSS : Y target below 500? Are you looking at 13ma for ur target..as that is from where prices bounce back to upper channel line for YES..what is seems from the chart..Kindly give your opinion.
ReplyDeleteThanks
ZXC
Mr Sharma
ReplyDeleteLet me tell you that you are a good writer but a bad traders whose stop losses hit frequently and in the words of your guru (Alexander Elder) making your broker very rich.
My advice is to you is, write a book on your trading method as from your language you are a good story teller (than trader) than wasting time on this blog.
As Alexander says in his book trading for living you have all capability to become a MARKET GURU.
thank u
Ranjan
ZXC : Channels are a delight stuff to trade . Below 500 because if you refer yesterday chart , the lower line of the channel drawn is below 500.
ReplyDeleteThe fall with high volumes and back to the long term channel is the reason my bets are rolling.
The ema's which you are referring should see the prices kissing then and if we are lucky , it will pierce them to go for 22 ema...
Ranjan : Thanks for at least having a positive view on something about me.
ReplyDeleteYou are absolutely correct, my SL hits are high in frequency. But Thats the only way. I believe prices run on fundamental's not technical s.
Trading through technical is just the extra confidence you need. A fundamental analyst has always a better edge over technical....
SL is MUST as anything can happen anytime ,and technical traders are left with their eyes wide open while a fundamental wears a big smile.
But what I learn't from Alexander is if Money Management is practiced , trading with technical is a money spinner business. You will find me quoting SL adjustments are the MOST DIFFICULT part of trading. Once one masters it , the sea facing bungalow at bandstand is not far. I have not mastered it yet and struggle adjusting the SL. I have still not mastered the best odds for picking up trades . These are the only things I am focusing on...Writing a book is a great idea , but may be in later years of my life...Odds Selection for a trader sounds a good title.
Thanks again for digging your time in thinking about me.
Also please understand : LIVE TRADING , saying before you trade , quoting before you trade , updating trades minute by minute..is not as easy as it looks to the readers.
Please let me know any other blog/websites which does so.
SS
Thanks SS. confused channel with envelope somehow. clear now.
ReplyDeleteZXC