I-Fund-Trader

Sell on Rise in Futures

Short
I-Fund-Trader Updated   
NSE:SAIL   STEEL AUTHOR INDIA
Look for sell on rise near 85.40 with stop above 86.50 , and hold it till it makes to 73 , if you are low risk trader then wait for 1 Hour reversal and take the short in Future and hold it with stop above 1 Hour reversal candle +0.25 as buffer
Trade active
Comment:
Trail your stop , now
Comment:
so far 82 to 78 , 4 points in Future short selling, trailing my stop
Comment:
This is what happens when they push the market high to sell their contract and Mark down the market
Today in tweeter nearly 100 have giving the call for buy , and now all are looking their message and thinking what happened , if you do not know where the scrip is heading You will die trying to guess it , and every time you enter thinking its going in the direction you think exactly the same level the market will turn you down ,
How many time you can take loss ?? How many time you try to convince yourself that you will make money in next trade? How many time you have cried alone ? ,
if you are facing all these issue then my humble request to you is stop trading , let the loss be like that for a month , and take deep understanding of market , at least you will save yourself form further damages ,
A Friend of mine who is CMT gave this call today and he is just thinking how this happened ,
Answer is Long term analysis , if you are looking for Good profits and good return stop trading for 1 Hour chart, 30 Mints chart , Have a complete knowledge take analysis on Weekly / daily , and enter on 1 Hour time frame and leave it , if you are correct it will move to your specified forecast ,
Hope you will understand try to be in the Direction of Main trend ,
So far in Futures 82 to 74 , Lets party Now
Trade closed: target reached:
Well i am updating it as target reached, basically we are expecting rebound in the price form this level , we made from 82 to 74 , in Futures
Comment:
Well our forecast target made today , although we updated early in this since we ware expecting some turn around , i see many try to copy my charts or try to place the trend line as per their wish , its not exactly how it works , trend line are insignificant, they only give a visual representation of price movement form where to where it is flowing . What they (Copy Cats ) lag is they do not have an ability to forecast where the stock is heading , and how it might go there ,
We ware so strong on this we took nearly 10 Lots short selling in Futures which is 12000 Qty , and We made our target 72.60 ,
We made nearly 82.65 to 72.60 , i.e 10.05 per lot that amounts to 120,050.00 its almost equals to $1800.00 (USD) ,
Trading in Future requires a very strong Knowledge
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