Monday, 16 October 2017

EA experiences:

I used to accompany my wife to buy vegetables in weekly market.
It will be open on Sundays from 10 am 8 pm.
Both traders and agriculturists come and sell.
My wife usually asks me to accompany her either at opening or at close.
At opening, new traders come and open shop.
Their sell first trades(fresh good quality) at discount price early.
After some time they increase their price,once they make some money.

She buys only essential items that is utmost necessary in small quantity.

RELATE IT TO TREND START.

Then I have to take her by close.When market about to close, traders/ agriculturists  will face stock pressure,
1. segregated,damaged vegetables
2. They dont want to take home unsold
3. They had already made their money during the day.
4. They will close the shop due to stock pressure will sell at half rates.
5.They are not losing and She gets/buys at very low prices.
6. She avoids the risk of paying high price even some quantity goes waste.

RELATE IT TO PULLBACK TRADES VERY CLOSE TO TREND TRADES STOP
WHERE YOUR STOP IS THIN.Add positions.

All trading techniques we get in real life.
Everything we can learn from our family.

Tuesday, 19 September 2017

XAUUSD : Passive grid trading:1305 buy hit, 1294 and 1316 now in Focus.


BPCL : Fuel bills paid back if you own this stock.

BPCL is in growth trajectory with periodic profit booking.
Should own this stock in oil and gas space.
My Idea;


As marked in the indicators chart and studying the correction method here,
there is not much to take into consideration and calculation.

0.382 correction given the stock support at 490 which is now my stop.
0.618 resistance at  546 shows the stock will reach new LTH.

Buy cmp 506 and add on dips till 495 stop 487.

FIB congruence seen at 648.

Target set at early exit  636/642.

26% upside seen.


SBI; Bleeding bank

No analysis required .
Only exit target needed.



Short Term FIB congruence seen at 254.
Long term FIB congruence shows 240.

No interest.

nifty