Bulls, Bears & The Lion

findvikas

findvikas

Well-Known Member
#411
#411
Sultaan said:
disappeared in jan, now market falling and meeting any bears expectation and malfitted charts, you are back :D
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I said in December that I will be in US and wont be here which got postponed and I publicly mentioned that I will be going in Jan and won't be trading actively..

I wish no one have problems like I had in the recent past.. sincerely no one.. all I can say that everyone can have personal problems in life.
 
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pundit

Active Member
#412
#412
Sultan,
Don't criticise anybody strategy if you can't praise it, if you find something wrong you can tell the drawbacks so that it can be improved for better trading.
 
findvikas

findvikas

Well-Known Member
#413
#413
Not every stock MUST fall in this falling market and so I decided to do a EOD study and find anything looking bullish... I will try and do this study of Nifty-Fifty stocks every Sunday and post my findings here

Here are my picks

HEROHONDA
Risky Buy: 1582 (at price)
Conservative Buy: above 1620
Stop Loss: 1495
Target: 1800+

Chart



ICICIBANK

Risky Buy: 800 (at price)
Conservative Buy: above 810
Stop Loss: 775
Target: 1010+

Chart




Target may come before as well... as soon as it touch down the target line but ideal target is the above mentioned one.
 
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findvikas

findvikas

Well-Known Member
#414
#414
I am not sure if anyone trade Gold but I see a potential bounce in the Gold to support my move in USD correction. I do not have a confirmed pattern yet as I await to see a good volume for a bar which I would see on Monday and confirm.

I see an upside of nearly 10% when compared to USD... I am not saying that I see a similar upside in GoldBees but there could be a potential rally all the way to 1760 in Goldbees



Ok... then I look back at GOLDBEES chart and here is my finding... there WAS indeed a good volume show.. so pattern is confirmed



I would go for Spot Gold... vs Dollar instead of Gold Futures.


My levels for GOLDBEES

Buy @ 1605
Stop @ 1575
Target @ 1750
 
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findvikas

findvikas

Well-Known Member
#417
#417
Till date I was bullish on USD and as I cleared earlier... I do not have one track mind but thats OK. I will be bullish again once I see my desired correction is complete.

It does not take much effort to say I disagree but I would like to see the reasoning... where is your technical chart or fundamental reasoning behind this?
 
A

aditya14

Well-Known Member
#418
#418
findvikas said:
Till date I was bullish on USD and as I cleared earlier... I do not have one track mind but thats OK. I will be bullish again once I see my desired correction is complete.

It does not take much effort to say I disagree but I would like to see the reasoning... where is your technical chart or fundamental reasoning behind this?
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Broke below the crucial support at 1077-1074 levels.Only a minor correction in the larger scheme of things.Selling on high volumes(highest in a year in gold).

So to push back we would need similar volumes and close above the 1080 levels on the daily and weekly.There is no support till 1040-1028 so if we go up its a reason to short again unless 1077-80 is taken out again.

Anyways trade with the trend yaar we can disagree as long as we both make money.... right yaara?
 
findvikas

findvikas

Well-Known Member
#419
#419
How do you know that the volume you saw on that day was selling? and not buying at the lower level?

Volume is a great tool to influence dull money and my system's rule says (the system that I follow and old enough to be solid) that you "do" have a false break down on a falling wedge and a break up on rising wedge on "high volume" which is indeed to fool the poor investors and to sharply reverse the price.

Just because the price closed in RED does not mean that it was all selling day.
Going against trend is not my game plan.. but changing my game plan with the changing trend. You don't know me enough and seen me only bearish because market was indeed changing to the bearish tone and I was one among very few to adapt to the change. No one can predict the change one day before it happen.. but you need to stick to your game plan long enough if you have the faith in the system.

To sum up... Plan your trade and 'always' trade your plan!
 
A

aditya14

Well-Known Member
#420
#420
findvikas said:
How do you know that the volume you saw on that day was selling? and not buying at the lower level?

Volume is a great tool to influence dull money and my system's rule says (the system that I follow and old enough to be solid) that you "do" have a false break down on a falling wedge and a break up on rising wedge on "high volume" which is indeed to fool the poor investors and to sharply reverse the price.

Just because the price closed in RED does not mean that it was all selling day.
Going against trend is not my game plan.. but changing my game plan with the changing trend. You don't know me enough and seen me only bearish because market was indeed changing to the bearish tone and I was one among very few to adapt to the change. No one can predict the change one day before it happen.. but you need to stick to your game plan long enough if you have the faith in the system.

To sum up... Plan your trade and 'always' trade your plan!
Click to expand...
Because i was trading gold actively during that time and all the hourly bars were red with huge volumes.Only the last couple of hours we saw a pullback due to speculation on G7.What do u mean by your view on volume i was not able to understand your comments on volume.So you don`t believe that volumes are important?
 
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