Bulls, Bears & The Lion

findvikas

Well-Known Member
#1

I believe everyone who ever visited PT's thread know my style of trading. Based on technical but very Risky & Rewarding most of times.

I am going to start this thread as I want some peace in PT's thread. What I expect you all to just READ and IGNORE if your views are counter to mine. I am not trading to please anyone but I am trading for myself and what I see & believe.

At times I am wrong . some may say most of the times, but I know how to protect myself from such situations. I am active day trader and think that 30min chart is a long term chart :D

I trade 5 min chart, while track inside movements (small patterns) on 1 min chart. 1 min chart generate many patterns which are not visible to 5-15min trader as all they see is a big red or green bar without knowing what's going on and where will it stop.

Most of my posts will be once I have traded them, order is executed.

Just read this and enjoy!

DO NOT BET A SINGLE PENNY ON MY TRADES UNLESS YOU ARE PREPARED TO LOSE YOUR MONEY.
 
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findvikas

Well-Known Member
#6
I will share my views & information that I get from any source related to US markets here and their impact on Indian market. I would primarily focus on $SPX (Standard & Poor 500 Index)

Pre-Market: US Data
$SPX closed on Monday marginally up @ 1114.11 which is just around 2% up from the support line coming straight from 6th March 2009.

Dates when SPX touched this line

6th Mar 2009 - Low & Closed - 666 & 683
2nd Nov 2009 - Low & Closed - 1029 & 1042
9th Dec 2009 - Low & Closed - 1085 & 1095

Pre-Market the US manufacturing data is not so positive, fueled by global negativity. $SPX has to close above 1095 at any cost otherwise it will break the support line.

It's just 1.8% which is not a big fall for $SPX index.. Lets see if this is make or break... if its broken then the next support will be at 1085.
 

atulaw

Active Member
#7
My suggestion:
Whenever you make a post, give your view in a very bold BULL or BEAR
after your interpretations. :D
 

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