General Trading Chat

manish9300

Well-Known Member
The greatest tragedy of the retail trader is in thinking that successful trading must be complicated with lots of indicators, algorithms etc.
Granted, if you are successful with so many indicators , good for you but a less stressful route is to grasp price action,support and resistance.Levels
Indicators don't complicate.....they assist to make things easier.Its the trader who complicates by using them without properly understanding the purpose of the indicators.Indicators are just tools.Don't blame the tool.... blame the trader for his/her lack of skills/understanding to use it properly.
 
NF could not decisively breakout of its upper range ie around 10,000.But a couple of hours after the close SGX Nifty was at 10040 levels.This has happened time and again that after we close SGX breaks out and next day opens with a gapup.
Think its high time that closing time is extended so that retail traders can also participate.IMHO
 

headstrong007

----- Full-Time ----- Day-Trader
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In a different thread there is a discussion on Reliance open,
As per my CP theory, likely to open in between 1616 - 1608, and
I am for a bullish bias, above 1611

And also there is a major congestion point at 1622.

BTW, can anyone analyse RIL chart for levels :D
 
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