tryin2trade

SnP 500 Daily Chart !!!

2012-01-02T18:59:00.000+05:30

Nifty Weekly Chart !!!

2012-01-01T20:03:00.000+05:30

WISHING YOU ALL A VERY HAPPY NEW YEAR 2012

2012-01-01T09:40:00.000+05:30

Nifty Weekly Chart !!!

2011-11-03T16:34:00.000+05:30

3i Infotech Views !!!

2011-10-30T20:03:00.000+05:30

2011-10-30T19:08:00.002+05:30

Nifty Vis a Vis Other NSE Indices !!!

2011-10-29T13:35:00.000+05:30

Wish YOU all A VERY HAPPY DIWALI !!!

2011-10-26T18:02:00.000+05:30

NF Hourly Chart...Will it close the GAP ???

2011-10-03T13:54:00.000+05:30

Nifty Future Hourly Chart !!!

2011-10-02T17:34:00.000+05:30

Nifty Views !!!

2011-10-02T16:42:00.002+05:30

SnP 500 Rumble in the Box !!!

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Nifty Future 15 Minute Chart !!!

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Nifty Views !!!

2011-09-21T19:28:00.000+05:30

Nifty Hourly Chart Views !!!

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Nifty Views !!!

2011-09-16T07:43:00.003+05:30

Biocon Views !!!

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Bhel Views !!!

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Nifty Views !!!

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NF 15 Mins Chart !!!

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SnP 500 Views !!!

2011-07-12T12:59:00.000+05:30

77 is the first hurdle for the Dollar Index !!!

2011-07-12T12:10:00.000+05:30

I am back after a long break, time well spent with family!

Starting with the Dollar Index Chart; below to your left is the weekly chart which has just started to get out of the weekly down channel. The chart to your right is the daily chart. A noticeable thing is that, though we are making higher lows we are yet to clear the overhead resi marked in red band.

Dollar needs to trade above 77 for any signs of bullishness, next pit stop 80 and it’s here the world will scream buy DOLLAR!!!!

NF Hourly Chart !!!

2011-06-15T09:21:00.000+05:30

Tata Motors Views !!!

2011-06-15T09:03:00.000+05:30

NF 15 Minutes Intraday Chart !!!

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Reliance Views !!!

2011-06-14T09:00:00.000+05:30

NF Hourly Chart !!!

2011-06-13T17:26:00.000+05:30

NF Hourly and EOD Chart !!!

2011-06-13T08:36:00.000+05:30

Weekly Charts Of World Indices !!!

2011-06-12T12:37:00.000+05:30

Dollar Index Views !!!

2011-06-11T18:23:00.000+05:30

John Murphy's Intermarket Study !!!

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FMCG Views !!!

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Pharma Views !!!

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Nifty Views !!!

2011-06-11T09:28:00.000+05:30

NF 15 Min Chart !!!

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SnP 500 Views !!!

2011-06-08T07:19:00.000+05:30

RIL Hourly Chart !!!

2011-06-07T17:16:00.000+05:30

NF 5 Mins Intraday Chart !!!

2011-06-07T10:51:00.000+05:30

Nifty Views !!!

2011-06-06T21:25:00.000+05:30

Posting after a long time…actually been busy with my business and not finding mucho time to blog and not much time either to trade. In fact I do miss charting; something I really enjoy! Charts are like pieces of Art you either understand them or you don’t. Charts reveal so much yet hide enuff, charts are like Art evoking different feelings in different people; one person’s masterpiece can be another’s trash!

Markets have a lot of participants and they all see the same price action (charts) albeit differently; therefore each price point has a Bull or a Bear and maybe a Hog, and each of these three, trade their beliefs (their interpretations of charts) , and one of them takes home the bacon (Usually the Hogs finish on the dinner table!). In reality no one is right or wrong, it’s just one of them is on the right side of the market! And to be on the wrong side of the market is no crime either, as long as you have your stop and willing to accept the trade just didn’t agree with you! The worst you can do to yourself as trader is to convince yourself, your trade is RIGHT, even when the market moves against you. The simplest thing do is exit, wait, reevaluate and start afresh!

Anyway coming back to something I love, Charts, below is the daily chart of Nifty. What I have done here is to try and picture all the patterns different participants would like to see unfold (just to mention the previous post on bearish HnS on the weekly still not invalidated yet). By the way what’s important is the time frame you trade in that decides whether you are a Bull or a Bear; a daily bull can be a weekly bear!

From the above daily chart you can see we have;

1. A big triangle (shaded in yellow), clear break out and break down levels marked, breakout above 5730 and breakdown below 5380 (arrows),

2. A sort of huge slanting inverse a HnS (a too bullish perspective!) again a breakout at the same level as mentioned in the above triangle,

3. A small more real sort of inverse HnS reversal (marked in an ellipse) with the 200 periods MA acting as a deterrent or simply put the neckline, so a break above 5600 needed to put this one into play.

The levels are clear so take your Pick or should I say take your CALL where to PUT your money!

Nifty Weekly Chart !!!

2011-05-17T20:58:00.002+05:30

SREI Infra Views !!!

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GVK Power Views !!!

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Gujrat Narmada Views !!!

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Nifty Views !!!

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Reliance Views !!!

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IFCI Views !!!

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Era Infra Views !!!

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Electrosteel Castings Views !!!

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Lupin Views !!!

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NDTV Views !!!

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Intermarket Relationships !!!

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Silver Views !!!

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Nifty Views !!!

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SnP 500 Views !!!

2011-04-10T12:12:00.002+05:30

Weekly Charts Of World Indices !!!

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Dollar Index Views!!!

2011-04-10T11:33:00.000+05:30

NF 15 Minutes Chart ...A Small HnS !!!

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RCF Views !!!

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CESC Views !!!

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Moser Baer Views !!!

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Gail Views !!!

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Sintex Views !!!

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IGL Views !!!

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Nifty Views !!!

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Mercator Lines Views!!!

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Britannia Views !!!

2011-04-03T13:55:00.000+05:30

Glenmark... Reader's Contribution!

2011-04-03T13:05:00.000+05:30

REC Ltd Views!!!

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Ranbaxy Views!!!

2011-04-02T21:23:00.000+05:30

CanBank Views!!!

2011-04-02T20:46:00.000+05:30

This is the Simplest Way You can get to Identify Price Action!!!

2011-04-02T12:43:00.000+05:30

Neyveli Lignite Views !!!

2011-04-02T12:41:00.000+05:30

ABG Shipyard Views!!!

2011-04-01T11:52:00.002+05:30

Dr. Alexander Elder - Trading for a Living - Triple Screen System!!!

2011-04-01T11:19:00.000+05:30

Trading For A Living is a favorite book of mine and Dr. Alexander Elder is one person I am certainly impressed with. Below is a small synopsis of his Triple Screen system. Infact I would suggest to anyone beginning to trade, to read the books by Dr. Alexander Elder.

Suzlon Views!!!

2011-04-01T08:59:00.002+05:30

PunjLloyd Views!!!

2011-04-01T08:50:00.002+05:30

Patel Engineering Views !!!

2011-03-27T11:37:00.002+05:30

Pantaloon Retail Views !!!

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Idea Views !!!

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Oriental Bank Views!!!

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Ivrcl Infra Views!!!

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Leela Hotel views !!!

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Fortis Views !!!

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Bombay Dyeing Views!!!

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Exide Views !!!

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CosmoFilms Views !!!

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Hanung Toys!!!

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Sintex Views!!!

2011-03-25T13:13:00.002+05:30

United Phosphorous Views!!!

2011-03-25T11:36:00.000+05:30

NF...A Trendline...A Triangle and A Channel !!!

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Bhel Views!!!

2011-03-22T09:35:00.000+05:30

Bharti Airtel Views!!!

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NF 15 Minutes Chart Views!!!

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ICICI Views!!!

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ACC Views!!!

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Happy Holi !!!

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NF Hourly Chart Views!!!

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Nifty Views!!!

2011-03-17T11:41:00.002+05:30

Nifty Views and Hidden Negative Divergence???

2011-03-14T23:11:00.000+05:30

JP Associates!!!

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