Intraday trading method -3

Trade with confident is the one of the big strength to trade when you are doing with real money, normally traders who trade demo trading they use to take big profit , but if they come to trade in real money they loss all , this because of losing confident while doing real time.

This is one more simple trading method for any time frame whether you are an day trader, swing trader or long term trader, you can use this method by adding simple two horizontal line in between the high and low price of the chart.

Let watch the chart that I attached in this post I draw a two horizontal line one for high level and the other for low level. Normally this high level will be your last resistance point and the low line should be support line.

Buy the stock, forex or commodity price when ever if the resistance break above use a stop loss as your support line.

Sell same way when the support line breaks sell and use stop loss as resistance line.

For target use you money management system if you use 50 point as a stop loss then your profit point should be 150 to 200 point.

Day trading challenges

I am always recommending day traders to trade with plan.

            Why plan is too important? Because at the time of trading your mind should be in the control, for that you need a proper plan. If you have proper plan you can face the trading challenges with confident.

        What is proper plan? You should know where to enter that means where to Buy or Sell and where to exit whether it may be you profit point or your stop loss point. If this plan with your hand you can act with the market as it has moves. Always plan for both side, then only you can success in this business.

Spot Nifty level for 28/11/2011

Bull level from 4741 for the target of 4760, 4775, and 4790.

Bear level from 4707 for the target of 4695, 4680, and 4665.

Note: Use this level always after 10:00 am India time.

Big profit through EMA Trading technique,

            One more Big profit day through EMA Trading technique, we continuously recommend to do trade on nifty with the help of EMA trading technique signal, through nifty live chart.

See the market trend once the 34 EMA breaks it reaches more than 75 points. You can find lot of ema trading technique examples in our blog, how the today’s entry signal has generated has been explained in the attached picture.

            How nifty will perform today let see, now spot nifty 5000 will act a resistance for intraday, so once this has breaks we can see intraday target 5015, 5025, 5050.

            Same way spot nifty 4965 will act as a support for the day once this level has breaks us can see market 4950, 4953, and 4925.

            We always use to give two plan if the plan one not work, just take the other one, because in this business always you need two plans. Then only you can be success always.

Is it Head and shoulder pattern in nifty day chart?

Is it Head and shoulder pattern in nifty day chart?

            As per our weekly prediction we expecting Nifty for the near term target upto 5400, but in Nifty day chart head and shoulder patter has generate, see a big support in nifty  it has generated two time in 4900 this support will act as a shoulder. 4800 is a one more big support, it has explained in our weekly nifty predication before. So this support act has a head in this head and shoulder pattern. If this pattern starts to work then we can see the nifty up to 5600 soon, in the attached picture it has drawn for your reference. Let see how this pattern works in coming days.

            On Friday ema has generated two wrong signals, also we didn’t give nifty day level for the day. Let see our nifty day level for todays.

           Today on monday ema generated a sell signal after 10am and given a profit of near 20 points, due to nifty gap down open, market move in down trend for low points.
         
         Market will go to down trend if 5020 spot nifty breaks and we can see the market in bear point of 5000, 4985, 4975.
         Bull can take a market once spot nifty breaks 5067 and it can take market to up trend to 5080, 5100 and 5110. 

Nifty weekly prediction for the comming days

Nifty weekly prediction

                                          Hi traders today market has given a good u turn for a bull run as per weekly chart, see the attached picture. The first black line is the big support-01 for the current market if this level maintained for a week, we can expect nifty for the near term target up to 5500 to 5600 range , because in this range a resistance had generated by market before the current  fall. If this support -01 breaks then our near term short target is 4000, that too meantioned in the picture..

                                          This is one better opportunity for a long term investor to invest some percentage of money in the market. If market breaks the support -01 and land in to support -02 then you can pump again some more percentage of money in the market. Then you can get good returns when market pulls back to new high time.

              Above commands are subject to market risk, so people who can capable to invest and to take  risk in the market can only  involve in this type of investments. Above commands are not granted for return to your invest as well as capital.

Spot nifty level for 15/09/2001

                                          Today’s market level is called inside trade it has not break its yester day high or low, it’s in between this two point. Our ema trading technique had generated two failure signal and one success signal.

                                         

                        But our nifty day level has given two success trades for the day and both the call has reached its second target as we predicted.

                                          

                       Where to enter nifty futures buy level on 15/09/2011, the entry level should be once spot nifty 4995 breaks, for the target of 5005 5020 5035 and use stop loss at 4948.

                                           

                      Same if you want do short in nifty futures enter only spot nifty breaks 4946 level then go for the target of 4930 4920 4905 and stop loss 4995.

Are you technical analyst or fundamental analyst?

Hi traders,

            Are you technical analyst or fundamental analyst? If you trade by technical you can predict 95% accurate where market can go, but in fundamental you can’t predict where the market will go after the fundamental result. So I always follow technical analyse. In technical you can predict where the entry price is where the target is and where the stop loss. In fundamental you cant get this there price. Especially in day trader technical is good to predict the market, for long term trade you can use fundamental with technical then you can get good result. That’s what we recommended to do trade with help our EMA trading technique. 

            See the EMA trading result for the day; it has given one buy entry and one sell entry. Buy entry had given 15 to 20 point profit, but sell entry given a excellent result it has generated a profit for more than 75 point. Which method gives this kind of result in day trade? Other than EMA, That too in the less trade time from 10am to 3pm. So no need to analyse the market for the whole day. Be simple and trade successful in the market with ema live chart.

            Apart from our EMA method you can use our nifty day level call too. Tomorrow market can be bull once 4995 level has been broken for the near target of 5010 5025 5035 and use the stop loss at 4947

           
           Where the market can change for Bear hands it is from 4945 for the target of 4930 4915 4900 and stop loss is 4995.