Dear Prabakar,Just read your coment @JN,and sharing my experience with you about the same. You may take the help of 9Hr.RSI & Hrly f.md or any other indicators too,along with your other study. As the momentum favors Bulls than Bears at this moment/Hr.it may take it’s own time to decide it’s further journey. In such type of nearly overbought conditions market has knack & tendency to stay in stretched technical conditions. And even despite of these conditions has potential to go further up to threaten players, who thinks otherwise.:) That’s why I believe in Jesse Livermore quote most here..
Dear Prabakar,Just read your coment @JN,and sharing my experience with you about the same.
ReplyDeleteYou may take the help of 9Hr.RSI & Hrly f.md or any other indicators too,along with your other study. As the momentum favors Bulls than Bears at this moment/Hr.it may take it’s own time to decide it’s further journey. In such type of nearly overbought conditions market has knack & tendency to stay in stretched technical conditions. And even despite of these conditions has potential to go further up to threaten players, who thinks otherwise.:) That’s why I believe in Jesse Livermore quote most here..
Ilango said...
ReplyDelete@ Prabhat,
Always draw the "Floor line" for your longs and exit when it breaches so that you don't get buried.
Similarly keep the "roof line" for shorts to avoid getting "blown away".
Use these lines to make new trades too.
Never risk more than 20 points on a trade. It isn't worth it.
TT colours don't lie...shakira's hips may as she ages.
December 16, 2011 3:34 PM
Dear Mynac,
ReplyDeleteThanks for sharing your experience and Guidance. This will help me a lot. I have sent an email to you. Please have a look at your convenience.