Nifty 2017

Very Crucial day tomorrow on Nifty, Already broken, 20,50,200 EMAs, last bastion of 100 remaining, after that, well let see. All I can there may too much temptation on going shorts, but keep a watch on 8306 at spot, if this is holding, may God save the bears.

Made a huge killing on multiple lots long and 33+ point on single lot. A proper homework always helps in getting the aim right.


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Order today, will consider only for points of +33 for 1 Lot for this thread.



175 - 33 = 142 to go for Jan. Really 1 Lot games can pi$$ you till the tipping point. Once you master this, well you are level up.

To be honest, I did it multi-lot though, had my share of playing this game years ago. But will count only 33 pips X 1 lot for this thread.

+25 points more on closing overnight position today


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Gave away 10 odd points later on, only 15 to take home. Could not resist to short only to get hit at DH. Could not follow the price.


142 - 15 = 127 to go for Jan

Don't know why I am struggling in this month, generally I am done with my target by now. Almost half of the month is over.

Retailer's Mind Thinking:

1. Market is already up, it should be shorted
   
2. Today is Friday, typical day for profit booking as there was a weeklong uptrend
   
3. Dow Jones & DAX all were red yesterday, we should go down
   
4. SGX is in green, but it will follow Nifty once we open

Pro Mind

1. Price follows path of least resistance, just like water flows through path of least resistance
   
2. Trend followers buy on uptrend and sell on downtrend. They buy higher and sell lower.
   
3. We are already above pWH and pDH
   
4. As long as Spot 8401 is not broken, bears and shorts will be up for more pain

Let see who wins. Market is a funny place, there are days when even the Pros fail, but those are limited. Will it be another day like that today?

+30 point booked on Long. Good Start to the week.

deleted, was meant for Nifty Thread.

Booked +20 more, I guess I am done here.

127 - (30+20) = 77 more to go for Jan

Finally got my touch back, was worried a bit.

Booked +20 on long