Time spent on research, work and effort in preparation while the market is closed is much more valuable than time spent watching the market while it is open.
Crude -Nymex :
Last Hurdle $ 86.Once crosses /closes above this level for 3 consecutive close +Weekly close then ??
-Nonstop rally upto $ 104-110 level.
-With strict stop of $ 86,Go short.
Crude -MCX :
3840 is Laxman Rekha
Below 3744 level it will slide to kiss 3664-3628 & there after free fall will continue.
Research in cognitive neuroscience tells us that, when we are calm and focused, we are most likely to be activating our brain’s prefrontal cortex, which has been called the “executive center” of the brain. It is these frontal regions that are most active when we are reasoning, planning, and making decisions. During times of stress, regional cerebral blood flows tend to move away from these frontal areas and toward motor regions, to help us with our “flight or fight” responses to danger. As a result, it’s precisely at those stressful times in markets that we’re most likely to be challenged to stay calm, focused, and centered in our executive functions. Rather, under stress, we tend to act out our fight or flight in markets, often making hasty and ill-considered decisions. Successful traders learn to normalize losses and uncertainties in markets, so that they stay more continuously grounded in those executive functions.
From low of 666.79 in just 10 months it had flared upto 1126 level.
My ultimate target is of 1178.
Now if closes above 1178 for 3 consecutive days + Weekly close above this level.
-Then in next 3 months :S&P 500 may be heading towards 1348-1405 level too.
-So just have a eye on 1178.
From low of 6469 in just 10 months it had flared upto 10522 level.
Concentrate on 10816 level.
Three Consecutive close +weekly close will take to 12265-12748 level.
From low of 1265 in just 10 months it had flared upto 2285 level.
Above 2163 level ,No problem @ all.Already it had closed above this level for 3 consecutive weeks.
My target 2462-2562 in this rally.
Just connect 5132 & 2861 level in Monthly chart and see it will face strong resistance/hurdle at 2470-2480 level.
Now to know more about US Indices /Stocks ,Send me mail
Trading is at least 98% psychological. It’s a mental state of mind based upon your beliefs of what may happen. Books, systems and technical indicators can only take you so far! You must accept and understand that the market is all in your head. It is you versus the other trader. If you don’t understand YOU, how will you ever understand other traders; thus taking advantage of market moves based on their mental state of mind and their underlying beliefs.
Many investors, both novice and experienced, drift from book to book to book and system to system to system, never understanding why they produce inconsistent profits. They are confused, looking at too many things, complicating the entire process while ignoring the essentials to success.
On Friday after hitting a high of $ 1195 intraday it crashed upto $1130 & closed at 1174.
Now ,What to expect from this level ?
Hurdles exist at 1178-1182.Crossover above 1182 will take ot 1195-1200 level.
Support levels :1153–1143.Break and close below 1143 will take to 1111-1101 in panic.
-Don’t jump and Buy ,On Rise Sell Sell Sell.
On Thursday after hitting high of Rs.18047 it crashed in intraday upto 17262 on Friday & closed at 17669 level.
Now ,What to expect from this level ?
First Hurdle :17703,Decisive crossover will take to 17850 ,17899….Crossover will take to 18046-18095.If Revives Sell Sell Sell.
-Friday’s low very crucial.Once breaks will create another round /real panic will start.
My target for Gold was $ 1188 after it had broken $1010 level.
It was boldly written 3 close above $1144 will take to $1209-1231.Already kissed $ 1193.
After looking at Qtly Log chart it looks Gold will have to cross and close above $ 1222 level for atleast 3 consecutive week then only real strength will come.
-Bollinger Band (Monthly ,Weekly )101% indicating sharp fall any time.
-This is first time ,Iam writing to exit and sell Gold.
-Intraday move it can flare upto 1231 too…But no worry @ all.
I think before crossing or closing above mentioned levels ,Will see panic of $80-100 very soon.
I know Traders in MCX are heavily trapped by going short in Gold ,Silver.But without levels if you will trade and not having any knowledge about International trend of Gold ,Not having knowledge related to USD ,What is the corelation between USD /GOLD ….How u can trade ???
No worry ,Join us ..will update and will navigate you about trend of any Commodity traded on exchange.
Manage risk. Manage the risk of ruin when you create your trading plan or system. Manage the risk of trading when you select a market to trade. Manage the risk of unusual events. Manage the risk of each individual trade.
Another element of risk is the market you trade. Some markets are more volatile and more risky than others. Some markets are comparatively tame. Some markets, such as currencies, have a greater chance of overnight gaps which increases risk. Some markets have lower liquidity and poorer fills which increases risk. If you have a small account, don’t trade big money, wild-swinging contracts like the S&P. Don’t be above using the smaller-sized Mid-America contracts to keep risk in proportion to your capital. Don’t feel you have to trade any market that might make a move. Emphasize risk control over achieving big profits.
The level of $80 is first hurdle and $ 86 is major hurdle for Crude.
-Now below $ 77 level it will favour Bears only.
-Expect slide upto $ 74 ,73 very soon & there after real panic will start.
Seeing oneself in tune with the market and apart of the ebb and flow. Great athletes constantly visualize themselves performing at their peak. In trading, which is purely a mental game, is just as incumbent upon us to do this as well and even more often.
Trading is not a pastime activity. It has to be treated seriouly , and professionally. We have to do the best job ,possible leaving no regrets at the end of the day.
Already it had closed below 4774 level for two consecutive days.Now Today it closes below this level then Nifty Future will slide to kiss 4547-4495 in this fall.
Below 4702 level it will favour Thirsty Bears.Nonstop slide upto 4648 -4632.
Now once breaks 4632 with volumes it will kiss 4583-4567 in hrs only.
-Intraday sharp upmove not ruled out.
-Any Rally ,Any Revival best opportunity to exit only.
-Use your commensense from last 9 days its falling ,Today is 10th day and in daily chart showing its in highly oversold zone…so small Dead cat bounce can come …but will sell only.
-Remember :3DEMA :4760 is first hurdle.Laxman Rekha at 4850 i.e 7DEMA
Stocks ,Looking Great for Bulls :TATA Motors ,M&M ,ICICI -Small spike up on card,United Spirits …Manipulative stock ..but u can take chance.
Sell if Revives :ADAG Stocks ,ABAN ,SUGAR STOCKS ,IT Stocks
Always ask yourself where the big money is positioned. Never mind volume or market internals, these can all be churned. Truly ask yourself if you were in control, where would you want to take the market given certain technicals like price action. Remember, big money is not in the business of buying high and selling low. They accumulate low, and distribute high. This is key.
Yesterday ,I had written :Nifty Future will face hurdle at 5022-5029.25.Crossover will take to 5051-5058 level. (Just see it kissed 5052 & crashed )
Today ,What to expect ?
Hurdles exist at 5026-5033.If crosses 5033 then expect jump upto 5053-5060.
Support levels are 4960-4950-4920-4910.
-On Rise try to exit ,Today break below 4960 with volumes will create panic.
-No charm in market ,its a dead market.
Intraday levels & Strategy for my Susbcribers.
Think it over :The market could care less about your edge or my edge or anyone else’s for that matter; therefore, if your edge does not work this time then get out and wait on the next one. Rules are in ink and are to be followed no matter what. Once in a trade, however, rules become an opinion about where you believe the market (or stock) is headed. The opinion can (and will) be wrong from time to time. Simply earse your opinion and move on. This is where successful traders and unsuccessful ones part ways. The successful trader can admit his opinion is wrong even though his rules were followed; the unsuccessful trader changes the rules to fit his opinion.
The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is “low.” Nor can we know what price is “high.” Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed “cheap” many times along the way.
Yesterday the volume in Nifty Future was 2nd lowest of the year -Total contract :353715
Lowest volume was on 27th July :346040
For Today’s trading session too ,The hurdle exist at 5022.Decisive crossover will take to 5048-5057 level.
-Not crossing yesterday’s high of 5020 & trades below 4985 with volumes will create panic selling upto 4957.
Manage risk. Manage the risk of ruin when you create your trading plan or system. Manage the risk of trading when you select a market to trade. Manage the risk of unusual events. Manage the risk of each individual trade.
