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 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.