Thursday, September 3, 2015
Crude see the move - as expected
Crude - we have posted yesterday.....it has never closed below our level and moved sharply up...
You know why ?
Read the Chart.....
31st August 2015 - big candle - shorts are trapped and converted into long...same traders trapped by long and 1st September 2015..candle narrowed down....wrong traders thrown out of the trade...both side stop loss hit..
Yesterday candle normalised and joined the main trend...
I told wait for 1 day...samething has happened......(go and read all my posts of crude)..
Again nearing to same resistance.....
Almost MCX hit the top.....exit and book profit...
Nothing surprise in Crude price move...it is normal move...only patience and homework..
Enjoy...
Look at Call Premiums
This is one way of making easy money.....
Nifty is up Both call and put trading negative.....Premium Eating....it happens once in a while...
This is opportunity today....make a note of it...and do some analysis...how to read this kind of trades...
This is our knowledge.......knowledge paid money today.....
Nifty Call and Put
Today 10.30 candle will give some message of Nifty...
But, today i prefer...selling CALL and PUT option and going to eat the premium...
Yesterday and Today VIX is suggesting the same..
No point is wasting time going long or short now...eating premium is ideal trade..
If don't know the subject...don't trade...
Wednesday, September 2, 2015
My Trading Diary / Rules
Trading style and pattern differs person to person....my way of trading and rules are follows ....
1. Enjoy and Trade.
2. Trade only on Equity Market - Future and Options (More focus on Nifty and Options)
3. No Commodity
4. No Agri
5. Proper Entry Point / Stoploss and Target
6. Home work
7. No Analysis when market is running..
8. No of trade should be less
9. Equal quantity....Money management....Risk and Reward will be balanced.
10. End of the day, we should feel happy like above baby...
Why No Commodity and Agri ?
Answer is simple...I need money...no matter, where i am making....moreover...after 3.30 we should lead our social life and not always till 11.30 p.m. watching this market...(it is a crime, spoiling family environment)
When i am able to make money in Equity Market, why Commodity..
Ask your self one question....Why FII's are pumping money in Indian Market...do you think they are fools?........because..they know where the money is lying and reward is high....
Moreover...if you focus with Nifty / Bank Nifty Index and some selected scripts...your winning probability is more.....your attention will be in one place..
Watching everywhere and trading all scripts...you will loose your confidence....
Think and Decide.....
Focus one or two scripts or index and concentrate, your end result will be fantastic...
This is my experience.....decision is yours..
Finally you should know how protect your capital first, before targeting profit...
Above all Home Work is Must...
Crude
Crude Oil - Refer my previous post....this continuation of this....read the old post and you can understand....
Day before yesterday candle has been narrowed by yesterday candle....and the same place today taken the support and reversing....now International price 44.30 will act as s/l, for all longs...
Take Care...
Tuesday, September 1, 2015
Dr Reddy - Caution
Dr Reddy....so many Buy Calls in so many channels....
My personal view....so many times, made attempt to cross my top...not able to....
I may not take a long call at killing point.....
Be cautious on top....forget about fundamental of Dr.Reddy...who is bothered, Drreddy is good a Company or bad Company(Dr Reddy is not paying salary for me)...........i need money....if i will get opportunity...again i will kill/sell Dr Reddy and make money......
Coal India - Chart For Knowledge Purpose
See the above chart of Coal India...Hit the Top Yellow and almost nearing to bottom yellow...
When it was trading near 425...all are suggested for longterm buy Coal India...what is the meaning of long term buy....already lost 25% of your capital......Buying in the Top and closing position in the Bottom...this is what all are doing.......(not us)
In the bottom yellow only...we can take a long call based on reversal...
Same way...Nifty, I can challange and our bottom level will validate....it has validated top...definitely it will validate bottom also.....it is matter of time and patience...
For our learners and followers, i will post the chart in our login area soon.....if you want..you can check the chart...you will get the number...
If you are not able to locate the number...call me, i will come on Team Viewer and show you the number in our chart.....It will be miracle...
Even Dowjones should obey our Level
Everyone should obey the price cycle.......
Read the above message (it has been posted last week)......exactly same place Dow Jones reacted and fallen....
This is our knowledge and power of reading the chart......
What is going to happen today in Dowjones...let us wait...
Dow Jones Chart...see how obeyed the level...
Learn how to read the level and interpretation is more important....
Reading chart is an a Art...it comes by experience...not by overnight....
No one can teach you anything in a week or no one can learn with in a week...it is a continuous process with proper guidance....one should have patience to Learn and trade...
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