9:10 AM : Bye Bye Reversal hopes :D
SHORT with SL 5952
HnS in 30 min charts.
BEARS are BACK.
9:27 am :
6000pe @ 94
Placed SL @ 92.30 (option low)
9:37 am :
Pushing Back the SL @ 84.95
I am aggressive on nifty cracking , dont want the SL to be so conservative.
My target for 6000PE stays 125 + ATLEAST.
Ready for a BLACK FRIDAY ?
I am !
10 :51 am :
All retailers who are in myth of money making process so easy just drawing a trend line in a daily chart and start buying for a bounce. .
Your all money will be taken by few genius around. Very Soon .
12:25 PM
Keh Ke Lunga !
1:10 PM
We have broke down. We have broken the long term channel to downside.
Bleeding below days low , below 5923 now...
The few genius I was talking about includes Me .
Thanks all idiots for pouring your money in,
I am pocketing all.
Sorry ;)
3:13 PM :
CRACKED........
NEW LOW and low and low.
All channels broken and a close coming below all deadlines.
I have done my job . Probably you did not , find time to read some more books before entering to trade.
Have a great weekend.
SS
aap jaise log ko cnbc pe aana chahiye sukhani ki baat sunke mane bahot nuksan khaya hay
ReplyDeleteLol treat Sukhani as a leading indicator :D
DeleteReverse whatever he tells......
Just kidding.
He has skills.I like him. Y didn't you Short Bhel when Sukhani said so , it was at 226 that time and he targeted 205-210...and bang on......
Trust me its not Sukhani , its You who has made the loss.
As a channel trader. Its a buy on nifty with SL below 5910-5900 zone. But this time it looks like channel will break.
ReplyDeleteMy trade: long futures and bought 6000 PE. If nifty cracked below 5900 then 5840 will come in flash. would be holding NF with SL to 5910 futures and PE with SL above 5970 :)
Sonshu jee , no doubt its a clean buy , buy near the channel support and sell near the channel resistance. Works Most of the times.
ReplyDeleteI am placing my bets on those rarest of times when we break channel. I have mentioned this in day before post. This is not an ideal trade.
The factors which back me for breaking of channel is no wonder volumes , doji getting negated and downward daily channel still into play , daily MACD to kiss below 00 and above all I DOUBT the supports which dont offer a quick substantial bounce. We are stuck at the lower end of the channel and not bouncing a penny worth by any means. Sooner the later it will get broken. I am sympathetic for your Nifty futures and wish you all luck for 6000pe.
--SS
Yes bro. I am also getting feeling that this time NIFTY will break out of channel that is why i have bought PE as hedge. If we check last couple of year charts then NIFTY has started uptrend from elliots first wave starting with 14 month time cycle. This uptrend has had 14 month cycle completed which means we can break below this support. I too want Nifty to break this support lets c how this figures out :)
ReplyDeleteMore time Nifty spends below 5950 more the chances of break down. :) Holding Futures now with Tight SL
ReplyDeleteDont abuse me Sonshu if my views fail....I am just sharing where my money confidence is placed....I may be wrong as well.
ReplyDeletePlease take responsibility of all trades of your account yourself. Please dont hold me responsible for influencing you in either ways neither loss nor profit. Your decisions your result !
Exactly bro! I make only my decisions for trading. Visiting your blog is just to know your views. Your blogs are very helpful sometimes but yes ultimate decision lie with in me to trade or not :). The successful trader only trades 50% sucessfull trades rest are saved by SL :).
ReplyDeleteThanks for the understanding Shonshu jee , I stay quite afraid from radicals who look opportunities to blame anyone for their failures.......I may be confident , I may be super confident , over aggressive, its for me , my good my bad,,,,,,,,,,I have just a neat intention to bring up when a idiot like me can do well in markets then why not anyone else. Why the hell we have only 4 percent retail participation in Indian Markets while countries like US have 47 percent........I am still looking for that sinner who taught people Stock markets a gambling place. Let me know if you find him/her....
ReplyDelete--SS
Sure bro !!. Satta bazaar hai na bharat ka yeh to gamble hi bolenge na. I think sooner or later this will happen. I too treated this as gamble initially but I am also doing this with proper discipline. I also dont know who are those people but sure will let you know :)
ReplyDeleteIts not gambling. Markets run on fundamentals . Everything has a value , identifying the correct value with market conditions/system operations is fundamental analysis and identifying the degree of change in the swing of that value is technical analysis. Combine both , Master it , you wont have time to talk with me , you will be a multi billionaire . Yes you read it right , its not millionaire , its billionaire. It needs skill , a hard skill , that develops with time ,patience ,experience and much deeper belief on market operations than God. I repeat its not satta .
ReplyDeleteYa I was just joking, i think you interpreted this other way :)
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteDear SS
ReplyDeleteGod is much bigger than stock market.
First there should be belief in Him and then in the markets.
Market is just the emotional play of the people who know the price of everything but value of nothing. Markets do not run on fundamentals they run purely on emotions of fear and greed. Like Adolf Hitlor used to say 'Crowd is feminine and stupid' like that markets are always stupid (thts why our stop losses hit before our targets most of the time though our direction of the bet is right and we later say 'oh my stop loss was at wrong price'). This makes trading difficult to master and many fail with few initial set backs.
Not all can master it but yes few can rather I say very few may be 1 out of 99 who will consistently make money out of this minus sum game and be multimillionaire.
What a irony ,
DeleteYou have such believe in God yet you are too pessimist.......I don't yet I am so optimist.
You don't need to believe in God when you believe Yourself and trust me when you believe in Yourself you don't need to believe God. The existence is internal.
---Swami Vivekananda.
Read some literature , philosophy books when you have time . Would enlighten better than your daily prayers.
where I did say I am pessimist?
DeleteTo ur info let me tell you that I am successful trader and trading in the markets since last 7 years.
U can say I am in top 5% too.
Dear what u r saying is a 80/20 rule which is applicable in all field. see the number of visitors visiting ur blog country wise u will find 80% of visitors come from the 2-3 countries ( and India will be the top most). Ths is divine rule and nobody has any explanation for it.
And I am not pessimist I believe if there is creation (U and world around u) then there is a creator. we call it supreme power.
When Atom bomb was first tested father of Atom bomb Oppie uttered the lines from Bhagwad gita only.
U shouldnt deny the His existance and say speculation is everything. ( all religions in the world teach no to GAMBLING)
And one more thing
DeletePlease sugest me good books
thnx
Ranjan jee : When the blog is about trading Indian Markets , no doubt the visitors need to be in or related to same country.
DeleteI take no pride in boasting non existence , May be he/she/it is present , let it be.
I dont think he/she/it will get angry with me if I did not praise them or did not offer prayer to them. They might have created me and if I am defying their laws , let them call me back hahahaha
Wicked ;)
Good Boooks hmmmm , its referential , same book might go well with me and not with you or any book can create good to you and not to me. You need to scan several books and decide on basis of what suits you.
For particularly me , Come to My trading Room by Alexande Elder turned the table.
SS
Ranjan : To your feeling of very few can master it. may be one 1 out of 99.
ReplyDeleteDay Trading Success Rate is : 84 Percent.
16 are making Money in every 100.
May be 1-2 make lots of money while 14-15 end with few profits.
I agree the Sucess Rate is too low , but tell me one field where the success rate is Not such low.
You want to be in IIT ? Less than top 5 percent of ppl make it
You want to be in AIMS ? Less than top 5 percent of ppl make it
You want to be a IAS ? Less than top 5 percent of ppl make it
You want to a someone in Bollywood ? Less than top 5 percent of ppl make it
You want to be Indian cricketer ? Less than top 5 percent of ppl make it............
In each and Every field , the CREAM is top 5 percent . Same is trading.
Rest people live and die as ordinary people.
When you can motivate your son to compete for IIT/AIMS/IAS , why not trading ?
A optimist like me wants to be in top 5 percent of whatever I do..Not obsessed particular about trading , no matter whatever I do , why should not I attempt to be in 5 percent.
--SS
Ranjan : All religion teach no gambling.
ReplyDeletePandavas who lost even thier Wife darupadi in Gambling should have been hanged to death.
Shakuni , a skilled gambler should have been left with this cut throat.
You know , Pandavas lost 6 dices continuous to Shakuni when played till drapadi ? Come to recent post comment section , I will tell you the rest of psychological story behind it....Pandavas lost continuous 6 dices , not even 1 they won. WHy ? WHy ? WHy ? Its a whole CONCEPT