11th Feb and 12th Feb stands as birthday of my two very close friends. Happy Birthday to them.
NIFTY : If you are here to get a good feel for your SHORTS as I have been advocating them since long , I wont be able to please you much.
You have Longs and you feel excited now ? Don't have any good news for you either.
All options should be closed on Monday , this week I am speculating a RANGE BOUND movement in Nifty , useless to trade the index.
Probably We will wait for budget fever to take over before any action on Index. Till then a time waste in 30-50 points will take place and option buyers will end up screwing their premiums on both side.
Let's diagnose what's keeping me away from trading Nifty this week .
Yes , no new techniques , no smaller time frame charts ,no Fibonacci no EW no Wolfe no Astro no Rocket Science.
My same , Triple Screen with MACD/EMA/RSI/Channels as indicators and nothing else.
With this I remember my engineering days , I had lots of bright students in my class , potentially too good , too worth . There was a fashion of studying subject from reference books, journals , foreign authors , big thick fat impressive books. If you are found with those books , people tend to look UP to you with lots of respect and supposedly you rule all . You know everything a engineer should know , you are supposedly too deep analyst , you are a deep thinker ,you are your teacher's favorite.
Why I should have stayed away from that charming geek world , why should i sustain the embarrassment of studying from the same local author thin books having poorly drawn charts and sometimes spelling mistakes.
I started trying them too . I liked few , too much. But very soon I realized they are pushing me away from my objective , this way I wont be able to stick to my syllabus. The contents are too way out of world with very tough English which needed dictionary to sit with and all chapters had a PhD content. I needed to pass in exams first , ( I swear by God I had no heroic feeling of becoming a true engineer , I just wanted to pass in the exams man and better if I do it with good marks) . My Objective was to clear exams , get Marks.
I left the heroic act of becoming a passionate true Engineer with deep knowledge of my subject and stuck with my Objective.
All friends who were still pushing themselves with those books had the same objective as like me , somewhere deep hidden in their hearts , over buried with the desire of the world to take them seriously .
I finished my rest of engineering studying those local authors books , something that I could understand marking direction of my objective. Local Authors Kept me busy , all those years . I stayed Objective Driven .
My Objective here stands to Make Money .
Let's be back to my Nifty View with MY Same simple tools :
Daily Charts : INDECISIVE
Close Look Daily Charts : Small downward channel into play limiting the trading range . MACD needs to fall much lower to give a blood bath.
Weekly Charts : Signalling bears are getting weaker , killing hopes of short trades and with MACD going almost flat....the week will be useless to trade something like options.
All three charts posted below are self explanatory , syncing all , nothing impressive trade comes to mind . Its a stay away Market until indicators or prices confirm the RE-Entry into the Channel or a complete failure . Probably Budget sessions will bring lots of action and trading opportunities in times ahead.
I am looking for some Stock Specific Action today .
Stay tuned to support or criticize the same. Wish you all the luck to stop me from making money.
Oh, I need to finish off my self obsessed boring college story .
I stayed top scorer of my class for multiple consecutive semesters.
SS
9:25 am :
SHOOT TATA STEEL
Current Spot : 385.50
Target : Incredible
SL : To your aukaat !
1:50 PM
Tata Steel goes as positional trade.
Aaaj nahi toh kal , deam girl.
Done for the day.
Thanks All
SS
NIFTY : If you are here to get a good feel for your SHORTS as I have been advocating them since long , I wont be able to please you much.
You have Longs and you feel excited now ? Don't have any good news for you either.
All options should be closed on Monday , this week I am speculating a RANGE BOUND movement in Nifty , useless to trade the index.
Probably We will wait for budget fever to take over before any action on Index. Till then a time waste in 30-50 points will take place and option buyers will end up screwing their premiums on both side.
Let's diagnose what's keeping me away from trading Nifty this week .
Yes , no new techniques , no smaller time frame charts ,no Fibonacci no EW no Wolfe no Astro no Rocket Science.
My same , Triple Screen with MACD/EMA/RSI/Channels as indicators and nothing else.
With this I remember my engineering days , I had lots of bright students in my class , potentially too good , too worth . There was a fashion of studying subject from reference books, journals , foreign authors , big thick fat impressive books. If you are found with those books , people tend to look UP to you with lots of respect and supposedly you rule all . You know everything a engineer should know , you are supposedly too deep analyst , you are a deep thinker ,you are your teacher's favorite.
Why I should have stayed away from that charming geek world , why should i sustain the embarrassment of studying from the same local author thin books having poorly drawn charts and sometimes spelling mistakes.
I started trying them too . I liked few , too much. But very soon I realized they are pushing me away from my objective , this way I wont be able to stick to my syllabus. The contents are too way out of world with very tough English which needed dictionary to sit with and all chapters had a PhD content. I needed to pass in exams first , ( I swear by God I had no heroic feeling of becoming a true engineer , I just wanted to pass in the exams man and better if I do it with good marks) . My Objective was to clear exams , get Marks.
I left the heroic act of becoming a passionate true Engineer with deep knowledge of my subject and stuck with my Objective.
All friends who were still pushing themselves with those books had the same objective as like me , somewhere deep hidden in their hearts , over buried with the desire of the world to take them seriously .
I finished my rest of engineering studying those local authors books , something that I could understand marking direction of my objective. Local Authors Kept me busy , all those years . I stayed Objective Driven .
My Objective here stands to Make Money .
Let's be back to my Nifty View with MY Same simple tools :
Daily Charts : INDECISIVE
Close Look Daily Charts : Small downward channel into play limiting the trading range . MACD needs to fall much lower to give a blood bath.
Weekly Charts : Signalling bears are getting weaker , killing hopes of short trades and with MACD going almost flat....the week will be useless to trade something like options.
All three charts posted below are self explanatory , syncing all , nothing impressive trade comes to mind . Its a stay away Market until indicators or prices confirm the RE-Entry into the Channel or a complete failure . Probably Budget sessions will bring lots of action and trading opportunities in times ahead.
I am looking for some Stock Specific Action today .
Stay tuned to support or criticize the same. Wish you all the luck to stop me from making money.
Oh, I need to finish off my self obsessed boring college story .
I stayed top scorer of my class for multiple consecutive semesters.
SS
9:25 am :
SHOOT TATA STEEL
Current Spot : 385.50
Target : Incredible
SL : To your aukaat !
1:50 PM
Tata Steel goes as positional trade.
Aaaj nahi toh kal , deam girl.
Done for the day.
Thanks All
SS
:) :)) :)))
ReplyDeleteU say there was a concept strange but I m curious to read whole story.
ReplyDeletethank u
Shakuni was supposedly a skilled player in the game of chausa (dice) . He was playing since ages , I have not much clue about the technicals how it is played , but as a skilled/experienced player he knew how gambling is related to psychology. How the psychological behavior of someone can be turned into a catastrophe just by pinning him at rights spots , luring etc.
ReplyDeleteOn the other hand , Yudhistra had 00 knowledge of gambling , like our idiotic intelligent people around , he calculated probability stands at 50-50 percent...what is the big deal , how can Shakuni be so confident of winning , so he went ahead. He has been found quoting the same when DhritraRashtra was warning Yudhishtra to not mess up with Shakuni in dice game.
Shakuni had a belief gambling is related to psyche. He was expert with it , may be this was he was practicing since ages , how to play with opponent psyche , adrenaline rush...how to lose few small games to win big ones,how to make other excited , feel challenged , get lured , how the opponent will not leave the table until he loses all. Treat Shakuni like today casino owners.
Shakuni was found Yudhistra pinning several times. Making fun of him after each dice , teasing him , challenging him , for the last bet he even LURED him offering he will return everything lost till now ,just play one more , put draupadi , may be you can win this time etc... He turned the catastrophe out of Yudhistra .
Like Markets if Yudhistra had put SL after 3 game of loses , Pandavs ki izzat bach jaati :D but his emotions were stimulated by Shakuni and he had stopped thinking logically , feeling lured , living in hope . Exactly the same way when we don't put SL , our emotions don't allow.
Poor Yudhistra never knew Gambling is not a game of probabilities. Its a game of Psyche. Human behavior. If studied properly, results can be better.
You beleive gambling as a mental game ?
It is sir , if not how can all gamblers lose. 99.99 percent gambling with cards Lose money. There is some structured psychological algorithm that makes us loose each time when we enter casino. Each time.
.001 percent who come rich after each night of sitting at the gambling table , they have programmed the psyche algorithm in their favor.
SS
thank u SS
ReplyDelete