Thursday, February 7, 2013

Trading Strategy for 7th Feb’13.Last Hope for Bull’s at 5944.Tomorrow watch Unexpected level

If you think about it, it makes sense – the very best time to buy something is when everyone is convinced that the price is going to fall lower, and the very best time to sell something is when everyone is convinced the price is going to shoot to the moon. My Millionaire Trader Friend has taught me the importance of trading against the crowd. The crowd is reacting to the market, and my trading partner has taught me to react to the crowd, this simple change in mindset can produce incredible profits if you are willing to look like a fool (in the eyes of others).
My Millionaire Trader Friend has taught me that even the best traders, like him, are sometimes caught on the wrong side of the market. There is no need to panic when this happens, but once it does a very good thing to do is to simply get out. Once you realize that your trade was not a good idea, there is no need to wait for your stoploss to get hit, when you know you have made the wrong move you can simply get out of the market and wait for the next trade.
This is what I have learned from my Millionaire Trader Friend – if you are absolutely certain that you made the wrong move, sometimes the best thing to do is to exit the market and then place a trade in the opposite direction. This can be extremely difficult to do, particularly if you have put a lot of time and effort into analyzing the trade.
-Yesterday our Hurdles were @ 6003—6013.It kissed High of 5993 & Fallen back !!
(Real Dirty Volume in Nifty Future )

Yes ,5963 will act as CRUCIAL Support……………Decisive Break with volumes and stays below will take to 5910—5893 level in PANIC !
Three Consecutive close below 5944 level Will take to 5838——————-5803 level
Hurdle @ 6003————6013.Decisive Crossover with volumes will create firework ,Yes will Update more to our Subscribers during trading hrs.

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