Dear friends, make your own trading plan. My analysis is like a tool which helps you. Trading is your own responsibility and follow your trading plan always. Buy above 493 with the stoploss of 490. Targets are 497, 500 and 502. Sell below 490 with the stoploss of 493. Targets are 487, 484 and 480. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
Trade active
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Long
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use trail stop
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1st target!
Trade closed manually
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@498. 493 to 498, 5 pts gain!
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Our final target was 502 and voltas made 501.4 irrespective of the weak market sentiment.
making own trading plan : Absolutely right! Every one have different IQ & the way of thinking/planning/executing while trading. We are all Nursery babies when we enter as a fresher into stock market & we do mistakes (losing money in trades) & keep on learning with self confident will make us into maturity Human being one day & will earn maximum profits on our own with our won ideas... But we have to grew.....
@ Above lines are not for you..:) as you already reached super senior level... you are the Target (roll model) for all of us (freshers & juniors). Thanks a Lot!
thecsgs
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@ Vanathi: by mistakenly i missed out your name when i typed @ in the above comment.! so please read as "@ Vanathi : Above lines are not for *******"
vanathi
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@thecsgs, You are so kind. Learning never ends. I have lot to learn, but I follow my trading plan :)