Trade, Live and Thrive

Monday, December 19, 2011

Update - End of Day : 19 December 2011

Nifty - End of Day Chart - 19 12 2011

Above is the zoom in of the EOD chart we saw last week end - in candle mode - so that one can share a view of the last two candles ... One looks for reversal signs during every trend and so, the last two candles suggest the possibility of a 'Morning Star' Formation ... if not, its good for a revision of the same in the very least...

http://www.investopedia.com/terms/m/morningstar.asp#axzz1gzJs4sbR

http://thepatternsite.com/MorningStar.html

Sunday, December 18, 2011

Nifty: Week ending - 16th December 2011.

Recap: Our view 'Looking forward' last weekend was that the Nifty was in a Bear mode ... the directional call in the mid week's post was bearish .... Nifty gave the bears 200+ points last week and made a new low .. and since our premise for the correct call was 'following the trend' and 'moving averages' here is a opportunity to brush up on them ...

Suggestions..

http://www.investopedia.com/university/Dowtheory/Dowtheory3.asp#axzz1gu7Mp565

http://www.investopedia.com/university/technical/techanalysis3.asp#axzz1gu7Mp565

http://www.investopedia.com/university/movingaverage/movingaverages2.asp#axzz1gu7Mp565

Nifty - End of Day Chart - 16 12 2011

Nifty End of Day Chart: Nifty is mid way the Fib 61x and the Fib 50x - the new channel lines are shown and one expects the Bulls take heart from the less than Bearish close of the US markets ...

Nifty - End of Week Chart - 16 12 2011

Nifty End of Week Chart: Our resistance/support line on the Indicator is holding and Bulls would like to use this as a 'take off point' at some stage ... notice that last week's Bearish Harami gave good returns..we have the third weekly close below the 200 DMA this year and as they say .. third time lucky?

Nifty - End of Month Chart - 16 12 2011

Nifty End of Month Chart: Month, like Week and Day are oversold and in deep red...

Looking Forward: Bears Rule as of now...change of trend is not apparent on the charts - and is therefore almost inevitable ... until then its best to be a bear... mid week updates shall be up ..

S&P Analysis - End of Week starting 12 Dec 2011

Refer our post of last Sunday titled 'S&P - End of Week - 09 Dec 2011' the resistance line held.. but the candle formation was not to be.. leaving some of those over-enthusiastic Bears a bit miffed ... :)

Friday, December 16, 2011

Update - End of Day : 16 December 2011

Bingo :)

In our last post we choose to go Bear and have learned that it was 250 Nifty points worth ...

Have a nice weekend.....rest of the posts up soon :)

Tuesday, December 13, 2011

Update - End of Day : 13 December 2011

Over the last two days. the index has remained within the range we put in last week... the bearish cross over of the 5 EMA and 13 SMA indicates that the Bears have more to play ..

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Welcome Read

The Trading methods used here are suitable for those who (like me) are always Learners in the World Market (never presuming Mastery).

One learns with 'Technical Analysis' using Moving Averages, Channels, Time frames, Pattern & Candlestick Analysis, Fibonacci, Ichimoku Cloud, Oscillators & other Technical Indicators.

To comprehend the Dynamics of any Market, Peer Wisdom suggests, that we show plenty of Patience, keep it real Simple and adopt tons of Discipline.

We therefore use the same framework 'Patiently' every week - 'Simple' Technical Analysis Tools are repeated - The 'Discipline' of keeping a Neutral view is maintained.

So welcome to my notes - posted here for my Friends and Family.

Some Quotes..

There are times when playing the stock market that your money should be inactive - waiting on the sidelines in cash - waiting to come into play. In the stockmarket - time is not money - time is time and money is money. Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience. Patience is the key to success not speed.

Jesse Livermore.

That's been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.

Steve Jobs.

Discipline is the bridge between goals and accomplishment.

Jim Rohn.

Favorite Quote

"Why do we trade?

To be sure, trading allows us independence, the opportunity to work for ourselves. Trading also offers the prospects of a lifestyle in which evenings and weekends need not be consumed by work. Some of us crave the competitive aspect of trading, doing fresh battle each day. Others approach trading as a puzzle to be solved, deriving a sense of intellectual achievement. Finally, there is income. A successful trader can make seven figures in a year—and many of the traders I work with are living proof of that.

So why do they trade? Once you have the money, all of trading’s lifestyle advantages could easily be yours. Needs for competition and intellectual stimulation could be met in so many other ways. Why do traders remain traders long after they’ve won the game?

The great professions are those that serve as personal playing fields. They are the arenas we choose to express and develop ourselves. In mastering a discipline, we cultivate self-mastery. In writing a poem or placing a large trade, we capture—in a single act—our vision of how we see the world at that moment.

The great occupations are great precisely because they are such meaningful playing fields. Long after we’ve earned fame and fortune, the calling remains to be more than we are, to return to the arena and do battle with our limitations. The profound urge to extend the human grasp is common to all the great callings. To run faster, to capture more beauty, to predict ever better: in no small measure, our work is our pursuit of the godlike, however fleeting.

Maybe it is our different images of the godlike that animate our career choices.In work we find something divine within ourselves. Whether as scientists, monks, or traders, we strive for those moments when we are just a little closer to perfection, a little nearer to immortality. That is why we trade"

.... Brett N. Steenbarger

Inspiration

The Parable of Talents...

14 For the kingdom of heaven is as a man travelling into a far country, who called his own servants, and delivered unto them his goods. 15 And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. 16 Then he that had received the five talents went and traded with the same, and made them other five talents. 17 And likewise he that had received two, he also gained other two. 18 But he that had received one went and digged in the earth, and hid his lord's money. 19 After a long time the lord of those servants cometh, and reckoneth with them. 20 And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more. 21 His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. 22 He also that had received two talents came and said, Lord, thou deliveredst unto me two talents: behold, I have gained two other talents beside them. 23 His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. 24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed: 25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine. 26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed: 27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury. 28 Take therefore the talent from him, and give it unto him which hath ten talents. 29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. 30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.

The Holy Bible: Matthew - Chapter 25.