Nifty Technicals for 13th Dec 2011

Day trading does not mean you have to trade every day…… to day trade, one needs a strong mental setup…. otherwise a day trader gets burned out in 2-3 years…… Think over…

Don’t spend  whole of your time staring at charts…. instead you can keep the screen open and do some alternate work.. Learning of some art… reading some books…. any other creative activity…. you can do it alongwith daytrading….. otherwise both the trader and the creative person within you will die very soon…. don’t forget this….. I can’t emphasize enough…

Lets start with what he had on the table for today…

Nifty 5 Min chart

One short trade after the  -ve divergence and as I stated several times earlier, high and low of the day always remain crucial for day trading……. Then, once you see that big green candle at the bottom of the day, you can take a long entry by reversing your short trade…… the stop below the bottom of the day… That’s all over….

Always look for AA+ set ups….. it will benefit in both ways… your confidence as well as trading a/c balance will be going up substantially…

Hourly chart…. we have a bullish engulf… just see how stoch and price go together….

Nifty hourly

On a daily we have a piercing pattern….. That does not mean we have a reversal… As of now, it remains just a pullback…

Now……. you need to find out the first level of resistance…. that’s for your homework…

Nifty daily

Nifty Technicals as on 12th Dec 2011

While analyzing 9th Dec Technicals….. here is what I said……. “Now we had a false breakout and you have to figure it out as it will have its impact on Next week”.

The one who paid attention to the above sentence……. would have got big reward today.

The False breakout reaped the benefits today

Have you guy’s bye hearted my lesson?….. Price  never stops….. it is in continuous motion.. Here is the evidence….. Market gaps up on opening… An opportunity… weak market… then gap up….

An aggressive trader takes entry immediately on opening as S/L is very low… just above False Breakout candle at “A”….

For conservative traders… entry is at C… on break of first swing low of the day….. S/L can be at the high of the day… Then onward, it is one way traffic…

Daily is bearish

Daily remains bearish…. 4700 is where nifty got weak support thrice, during recent times. That point is the last hope for bulls and they may try to pull the triggers….

Just keep it for your observation…… breaking of 4700 should be with a bang…..

Weekly supports daily

Weekly and daily agree on a common support level……

Now after few years of experience… what all you need to judge whether the market is strong or not is…… just eyeballing the chart….

Here we go….

People are running around shows great panic

Now look at big circle A….. The starting point is top horizontal line of that box i.e:5200…. The price gaps down and breaks the support of 5300…. people now start panicking and run around for the cover…. This show goes on and on…. all big players try to cover at the possible highest levels which makes it to scale up to 5100 levels. Again there are investors who buy at 4750 with the theory “Buy The Dips”!!!!…….. That box shows unstructured market… Unstructured market always shows weakness…. a structured market has clean and neat swing highs and lows….. now, how the shackles are broken….. It needs a big event….. the event in this case was huge gap up….. That gap up can be described as…. a man of 35 kg lifting the 100 kg weight…. You know the result…….

Have a nice time…..

Shaayari

Safed Sari Par Tum Lal Bindi Lagati Ho……………………..

Safed Sari Par Tum Lal Bindi Lagati Ho……………………..

Bhagwan ki  Kasam…. Ambulance Nazar Aati Ho….

The Husband Store

The Husband Store!

A store that sells husbands has just opened in New York City, where a woman may go to choose a husband.  Among the instructions at the entrance is a description of how the store operates. You may visit the store ONLY ONCE ! 

There are six floors and the attributes of the men increase as the shopper ascends the flights. There is, however, a catch . . .. you may choose any man from a particular floor, or you may choose to go up a floor, but you cannot go back down except to exit the
building! So, a woman goes to the Husband Store to find a husband . . 

On the first floor the sign on the door reads:

Floor 1 – These men have jobs and love the Lord.

The second floor sign reads: 

Floor 2 – These men have jobs, love the Lord, and love  kids.

The third floor sign reads: 

Floor 3 – These men have jobs, love the Lord, love kids, and are extremely good looking.

“Wow,” she thinks, but feels compelled to keep going. 

She goes to the fourth floor and sign reads:

Floor 4 – These men have jobs, love the Lord, love kids, are drop- dead good looking and help with the housework. 

“Oh, mercy me!” she exclaims, “I can hardly stand it!” 
 Still, she goes to the fifth floor and sign reads:

Floor 5 – These men have jobs, love the Lord, love kids, are drop- dead gorgeous, help with the  housework, and have a strong romantic streak. 

She is so tempted to stay, but she goes to the sixth  floor and the sign reads: 

Floor 6 – You are visitor 4,363,012 to this floor. There are no men on this floor. This floor exists solely as proof that women are impossible to please. 

Thank you for shopping at the Husband Store. Watch your step as you exit the building, and have a nice day! 

Ek Shaayari

Khuda kare humaari dosti aisi ho
Ki Chot tumhe lage aur dard mujhe ho
Dil tumhaara dhadke aur dhadkan meri ho
Naukri tum karo aur salary meri ho

wawawawawawawawawawawawawawawawawa !!!!

Welcome all

I welcome all to my new forex blog.

Regards
Raghav