COMPARING MY YESTERDAY STATEMENT WITH REAL MOVE TODAY. 1. In yesterday post point no.2 of trading plan I mentioned is quoting for your consideration " now a green arrow position is shifted to pink dotted line if market have to resume its upside then price should take out pink dotted line condition. Til it do not gets fulfilled bnf will remain down to range bound." You can see market finished today trading at pink dotted line. Every day I put some lines on chart all work so magically that moves react from these. I write this accuracy for new followers old are quite familiar with this. Two days back The title of bnf was "bnf will trap many traders both sides see how?" Can you imagine the move manifested two days back ,you are watching now. In market where direction prediction is tough job you are seeing every manifested move on the rocks! If you see one hour chart starting from down move bears were trapped by bulls and then bulls were trapped by bears and now beers again today trapped by bulls. This is both side trapping shown in two days back title. Even showed you exact points in form of resistance and support where this trapping have been done.Every day I say follow my conditions religiously you will get profit . Today candle from starting to last half an hr were completely range bound so difficult to earn either sides. I watched whole drama sitting Idle. Some days are like this in trading. Trade plan for next day. 1. See neither the green dotted line condition nor pink dotted line was taken out either sides. So my biased for tend will remain neutral. last half hour buying may be deceptive. So My view will change with conditions with little change in position of both arrows. Red is below pink If price do not break this condition of pink in gap up mode then you can see fall. 2. Now Range between pink line and green line is no direction area for me. Means if price travel in this area then it can resume down trend or can resume up trend. Depending upon the condition satisfying on either sides. I will take my position when I get clarity then that line will become my sl and trade will start. 3. In any case of down trend resumes then my target will be pink red zone. On the other side blue zone will be in upward direction. 4. You can see toady also 27 bar ema worked fantastic by becoming resistance held price almost 6 hrs today. You can use this combination of 27.111 till 1 hr chart and 27/63 in 15 to 5 mins chart. Rest market will decide.
Notes -Trollers I can be wrong any day any time with this statement you can satisfy your ego issues. cheers ... YOGESH VATS
booked the profit on bnf @ 20480. its better as the market is in corrective phase not to hold c/f shorts, thanks vats ji. happy again all because of you.
yvatsji
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@arvind6261, I am also happy for every trader who earns profit.
arvind6261
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shorted nf on 2nd candle and booked now with very good profit. BNF shorted below 4th candle waiting for target 20350.
yvatsji
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@arvind6261, good to hear this but you did not share even signal trade to co-traders. Pl share everyday something whether it is bad trade or good hardly matters.
arvind6261
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@yvatsji, definately i will still have one bnf position thought that will share after market hr.
i entered short in nift on 2nd candle. @ 10050 spot price. because price was below trend line i plotted in my chart prev days lows, i found good to entry thanks to you my target was 9942 the red resistance line. i booked it here.
BNf same i made parallel ch in my chart from prev lows. i was not comfortable to short BNF above lower band of ch, i was waiting for ch to braek when this happened on 4th candle and on 5th candle as downtred confirmed i entered short for position c/f if not reach zone 3 upper band.
yvatsji
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@arvind6261, when market is in corrective phase one shouldn't carry position on either sides whether target achieved or not.
arvind6261
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@yvatsji, ok sir, that why all of us need your assistance will book profit shortly. thanks
somnathmerck
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Great Analysis
SureshKumarPolisetty
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Hello sir,
I started following your posts for last two weeks. It has got a lot of depth in your analysis. It changed my mindset how do we look at the charts to initiate a trade. I really thank from bottom of my heart for your time in spreading your learnings and analysis for the benefit of your followers.
Thanks,
SP
yvatsji
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@SureshKumarPolisetty, Thanks for acknowledge my work and writing this to motivate me towards my mission of Trade "n" Grow. keep writing time to time.Any help in learning this community is here to respond as soon as possible.
cheers...