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 trade is an art.

  Day trade is an art. Its not suitable for all, because it need more passion also mind control if you don’t have mind control then you will be in big loss. To keep your minds in control do more homework before the market hour. Back test the homework work with the history chart, because you know history repeats. That’s what we keep on encourage to do the trade with EMA trading technique. If you go through our blog old post you can come to know how many time EMA give an good result , that’s what I side it has more than 90% accurate. EMA trading examples has been updated on YouTube also so.

            Ok did you prepare your 17/10/2011 day trade home work, if not we prepared for you. Take this nifty spot level and enjoy the day trade with us.

            Nifty bull side can be expect once the spot nifty cross the 5116 level for the target of 5125, 5134 and 5150.

            Nifty bear side can be start below 5080 level, for the target of 5060, 5050, and 5035.

            In this homework you have two plans so no need to be worry where the market goes, take only the action if this level comes, by the time just watch the market.

Nifty ema on youtube

Hi Traders,

                     Get a Nifty level through you tube now onwards. In this post i attached two video one is Friday ema trading technique result and the other one is 26/09/2011 Nifty day level.Just go through and give your feed back.

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. 

Mind control for day trade

Hi Traders,

            Two days leave form market screen gives mentally fresh for the next five day trades. Being a day trader in a finance market, handling trade for a short time period is big response to maintain the capital amount for further trade. Mind control takes the major roll in these times, so keep the mind as per trading plan and follow the same. Before entre to the trade three major point are must in your plan, first one entry point Buy or sell which one, second one exit or target level the last but not the least stop loss level. If you have this three points in your trading plan, your mind will be in control while trade. So always have plan to trade and trade as per plan, and then you are the profitable trade in this market.

            On Friday see EMA trading technique given two successful trade and one failure trade. If you carried out that trade , then profit was sure in your pocket. Just follow EMA trading technique at the market time and trade as per the technique.

            September 12 spot nifty big resistance is 5128 if these breaks just go for buy entry in

Nifty futures for the target of 5140, 5150, 5160 and use stop loss for this trade at 5080.

            Support for the spot nifty at 5179 in this level market breaks go for nifty futures short for the target of 5165 5150 5140 stop loss for this trade could be at 5125

            Trade in the market between 10am to 3pm for better result.