There was a very, very saintly priest whom everybody was extremely fond of. A young aspirant came to the priest’s hermitage and expressed his desire to practice spirituality. The priest said, “No, no, you are too young. I do not want to have you as my student.” The young boy said, “It is true that… Read More »
Short-term trading can be very lucrative, but also risky.To succeed at this strategy, traders must understand the risks and the rewards of each trade. They must not only know how to spot good short-term opportunities, but also must be able to protect themselves from unforeseen events Big gaps which happens against the traders . Several… Read More »
1. No Trade Plan During my Training Classes more than 90% of the traders that I come in contact with have no trade plan. They do not know what to do if they are wrong and they do not know what to do if they are right. Most of them are gambling not trading. Trading… Read More »
In Continuation with Previous Post Overbought/Oversold Overbought and oversold levels can be used to identify unsustainable price extremes. Money Flow Index (MFI) above 90 is considered overbought. Money Flow Index (MFI) below 10 is considered oversold. As the saying goes Overbought market can remain overbought for extended period of time. Strong trends can present… Read More »
Overview The Money Flow Index (“MFI”) is a momentum indicator that measures the strength of money flowing in and out of a security. It uses both price and volume to measure buying and selling pressure. Created by Gene Quong and Avrum Soudack, It is related to the Relative Strength Index, but where the RSI only… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
One of the Best Article of Brett N. Steenbarger, Ph.D. Cognitive psychologists emphasize that we see what we want to see: we are all prisoners of the mental maps we create. Once a trader forms an opinion, he or she is more likely to overweight information consistent with this view than information that is contradictory.… Read More »
DLF Positional Traders can use the below mentioned levels Close above 235 Target 243/248 Intraday Traders can use the below mentioned levels Buy above 235 Tgt 237,240 and 243 SL 233 Sell below 231 Tgt 229,227 and 224 SL 233 CESC Positional Traders can use the below mentioned… Read More »
FII’s bought 3.8 K contract of Index Future worth 220 cores ,11.2 K Long contract were added by FII’s and 7.4 Short contracts were added by FII’s. Net Open Interest increased by 27.7 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short… Read More »
As discussed in Last Analysis We had a roller coaster ride today with a gap down opening price bouncing swiftly from the strong support zone of 24780-24800 as we have discussed , Price rallied from one angle to another angle. Price also closed above 25569, So bulls can continue rally towards 25720/25888. Bearish below 25500… Read More »