New Day - New Trading To Get Rich Strategy

[manu_nbd]

Get well soon

 

[tradetogetrich]

Nothing much happening around ... lets see if there is some action post Europe

 

[tradetogetrich]

Markets have become very unfriendly for traders ... A big gap is nt followed up and to add insult to injury the VIX falls ... These are best times to stay out ... We might miss a trade or two but will save lot more in the form of whipsaws... Will wait for proper trend and pivots to decide our future course of action.

 

[tradetogetrich]

Things are looking bullish now but the issue remains VIX ... lets see how it goes in the coming days

 

[tradetogetrich]

We are almost at the middle of expiry and the call premiums are huge ... suggesting many are bullish ... I would avoid taking trades till 5465 is taken out in Nifty futures. Till then I am better off spending more time on creating something more productive in USDINR, EURUSD trades ...

 

[tradetogetrich]

Nifty EoD trend update

 

[tradetogetrich]

For the time being ... Sterlite technologies looks very good to me for a 10% upside ...

Not able to upload chart ...

 

[augubhai]

Nifty EoD trend update

I know that you trade in the direction of the trend. But will you short if it touches 5465 and then starts moving lower?

 

[tradetogetrich]

I know that you trade in the direction of the trend. But will you short if it touches 5465 and then starts moving lower?

No Augubhai ... I would rather short now with 5465 as SL ... never will I go against the trend of the market ...

 

[tradetogetrich]

This is the beauty of trading ... you miss one trade and Nifty goes on and on without giving a re-entry. I got sick at the wrong time ... :annoyed:

Waiting for an entry now ... not enjoying being sidelined