My Journey In Technical Analysis
- Thread starter XRAY27
- Start date
RF with vol divergence giving sell setup in bank nifty and nifty (both spot values),off course for positional ...which draws me below points
1) Size is the enemy of out performance, so maintaining as per MM
2) Brilliance doesn't always translate into better Trading results.so following the defined system
3) There is no signal known to man that can consistently get you out right before the market falls and get you back in right before it rises again.
,so not hurrying into trade
1) Size is the enemy of out performance, so maintaining as per MM
2) Brilliance doesn't always translate into better Trading results.so following the defined system
3) There is no signal known to man that can consistently get you out right before the market falls and get you back in right before it rises again.
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Ray dalio -New York Times News Work Summit
"I think the markets teach you humility,and they teach you what works, you have to be independent thinkers in the markets to be successful because the consensus is built into prices ,so you have to have a view thats different from the consensus"
"I think the markets teach you humility,and they teach you what works, you have to be independent thinkers in the markets to be successful because the consensus is built into prices ,so you have to have a view thats different from the consensus"
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RF and Vol divergence saying go short below 9952 for nifty and 24179 bank nifty both are spot value for tomorrow
Nifty and Bank nifty NR 7 & also Boring candle (A candle whose real body is less than 50 % of its range )
just trading positional / intra...getting strain in maintaining position of both swing/positional
so only positional/ intra from this series
Nifty and Bank nifty NR 7 & also Boring candle (A candle whose real body is less than 50 % of its range )
just trading positional / intra...getting strain in maintaining position of both swing/positional
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ED seykota ( for self)
“Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions
“Be sensitive to subtle differences between ‘intuition’ and ‘into wishing’.”
“I usually ignore advice from other traders, especially the ones who believe they are on to a “sure thing”. The old timers, who talk about “maybe there is a chance of so and so,” are often right and early.”
“Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions
“Be sensitive to subtle differences between ‘intuition’ and ‘into wishing’.”
“I usually ignore advice from other traders, especially the ones who believe they are on to a “sure thing”. The old timers, who talk about “maybe there is a chance of so and so,” are often right and early.”
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People lot talk about crash (2008), valuation much stretched etc at present levels ...
Brief history of 2008 crash :correction started 10 jan 2008, its looked as normal correction until 21 jan 2008 where nifty crashed 8.7 % ...only source of information is stock market is broker babu, pink papers,blue channel (at least for me), re entered at 5800 levels and faced the beating !!!
i'm not going talk about these valuation, or fresh bullish breakout to next higher level ,but in these period of 9 years,traders level of TA knowledge,trading psychology,money management has reached to great highs ,Thanks to TA books, TA softwares,online forum like Traderji etc
No more people rely on blue channels,calls or pink papers,now many traders have good trading setups with positive expectancy so all of them will Ride the tide !!! irrespective of the direction !!!
Bottomline :Learn to react, rather then asking the question why it happened !!!
Brief history of 2008 crash :correction started 10 jan 2008, its looked as normal correction until 21 jan 2008 where nifty crashed 8.7 % ...only source of information is stock market is broker babu, pink papers,blue channel (at least for me), re entered at 5800 levels and faced the beating !!!
i'm not going talk about these valuation, or fresh bullish breakout to next higher level ,but in these period of 9 years,traders level of TA knowledge,trading psychology,money management has reached to great highs ,Thanks to TA books, TA softwares,online forum like Traderji etc
No more people rely on blue channels,calls or pink papers,now many traders have good trading setups with positive expectancy so all of them will Ride the tide !!! irrespective of the direction !!!
Bottomline :Learn to react, rather then asking the question why it happened !!!
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