Yesterday we have told Lead swing we can easily catch on Intraday. Today both buy and sell we have used the right opportunity. Due to closing hours, better close the sell position and book profit now...
Be happy today.....
Monday, February 10, 2014
Lead - Intraday
Yesterday we have told Lead swing we can easily catch on Intraday. Today both buy and sell we have used the right opportunity. Due to closing hours, better close the sell position and book profit now...
Be happy today.....
IDEA - What Happened ! ! !
"PRICE ACTION FIRST, NEWS WILL SUPPORT THE PRICE ACTION TO REACH ULTIMATE DESTINATION"
Now everybody use to say because of "Spectrum News" big fall on IDEA.
No, Sorry, refer our 25th January 2014 post on Idea, clearly mentioned, IDEA bull are dead.
Always remember one thing, "Price Action First indicates the trend, News will support to take the trend to the destination. This is what has happened today with IDEA, ultimately reached the downside Target.
Let us concentrate on Levels instead wasting time on "News"
Crude All our Intraday Targets Hit
Crude all our Intraday Targets are over..........................
Watch Lead almost going to hit our sell targets..............
Enjoy...............................................
Gold - Target Hit
Refer our previous post, buy initiated at 28910, target hit 28982...............
Now no sell, wait for appropriate level for sell or buy............
Now no position, just wait for our post on www.niftymetals.com technical level.
Gold
Gold Watch the levels....our Intraday chart updated in www.niftymetals.com Technical Level.
All intraday charts will be updated in Market Hours in www.niftymetals.com - and will not be posted here............
Sunday, February 9, 2014
Jeera
Jeera almost trading and holding our level 11798.............wait for a day or two to get into trade either buy or sell.............
Copper
Copper international price 3.278 will act a major resistance, if it breaks uptrend may resume else original trend continue towards 3.19 / 3.14.
Lead
Lead price range is 130 to 133 last week, let us see how it behaves this week....
Intraday we can easily catch Rs.1 in a day due to good swing................in one trade...
EURUSD
EURUSD immediate upside target price 1.3678. One can expect further uptrend if it breaks 1.3689 and stays above..................
Nifty Review
If these levels are broken on closing basis further fall is intact.
Uptrend may continue to the level of 6168.40 / 6208.40 s/l is 6025.10 closing basis
Saturday, February 8, 2014
Long and Successful Trading Career - My Thoughts
These days, everybody is coming to the market thinking that
they will make quick money with out understanding the basic things. This is happening due to wrong guidance and
lack of awareness.
I am trading in this market since from 1988 without loosing
my confidence and with learning as a process till today.
Definitely I have lost money (to develop my knowledge) in
the earlier days of trading. It took 5
years to me to understand the market, till that time I was learning with
experimental trading at least 2 year in the beginning. Learned so many things and developed my own
skill to sustain in the Market.
Trading is a process, we have to first develop the
knowledge, instead of start trading and loosing money. As per as my concern it takes 3 to 4 years
to be a better trader in this market to make consistent money. If you are not ready to wait for the learning
curve, my sincere advice, better leave trading and concentrate with productive
things instead of wasting time and money.
Moreover, I believe market will give money if you catch the
right opportunity. Making good money
you don’t need years, down the line within a span of 1 year you can make good money, but, we have
to wait till our turn.
Even in developed countries still traders are struggling to
make money because everybody is depending on some system like….” buy/sell
signal, auto trade, robot trade and mechanical system…etc..etc..etc”
I will through a challenge,
every thing will make you fail, if you doesn’t understand / develop your
own trading skill. Systems will never generate money for you.
Nobody can make money
overnight without knowledge.
Ask yourself following
questions -
-
Why big Corporates are not able to make money ?
-
Did you think, without any basic work, market will
accept you / give you money ?
-
Did you think, winning a trade is that much easy task ?
-
Did you think, each and every move will you able to make
money ?
-
Why big broking houses are not able to generate wealth
for there clients, claiming that there
trading calls are good ?
-
If there is auto system, why broking offices are
running business for brokerage ?
-
If there an auto system exists in this market, why we
have to study and go for a job ?
-
Why Big and Successful trader like Mr.Rakesh
Jhunjhunwala not following any autotrade system, did you think he doesn’t have
money to buy a system ?
-
Did you think making money is “THAT MUCH EASY” ?
Conclusion : Study
the market at least 1 or 2 years before start trading.
Learn and develop the knowledge about
Trading.
Don’t Depend any mechanical system / auto trading system or other external force.
Take responsibility for you trade, don’t blame any system or others, you
are
responsible your trade either loss or profit.
Turmeric
Turmeric validated 7005.75, may fall from here or it will reverse...............we will update our analysis view at www.niftymetals.com.............technical levels.................
Natural Gas
Refer our previous post on Natural Gas, as told it has hit the target 303.83 and closed below 303.83, what is next.............we will update soon..................................
Auropharma will hit Breakout Target ?
On 12th November 2013, breakout buy at 272.75, still the trend is continuing and nearing to target of 586.99...
Let see how it behaves........................................
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