Archives of “January 8, 2019” day

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Gold -Crude :Update

  
Analysis, Crude, Education, Gold / Silver
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GOLD-BARS

After Hitting all time High of $ 1227 .50 it crashed to 1075 level and rallied upto 1163.There after nonstop slide upto 1044 was there.

-Just see Daily chart and Look at Head & Shoulder Formation.

-Already broken Neckline and retraced upto Neckline.

Revival should be considered as Best opportunity to exit only.

-I will write about Head & Shoulder target in next 2-3 days.

Now ,What to expect from $1076 level ?

-Thirsty Traders ,Just watch $ 1084-1089 level very closely.Once crosses $1089 and closes above this level will take to $1104-1109 level.

-Nearest support $ 1063,break will create fresh selling.

To know MCX levels of GOLD ,Silver /Base Metals join us.

oil-on-scale

MCX Traders ,Can watch these levels for Crude Oil

3512-3532.

Once crosses then will zoom to kiss 3592-3612 level.

For timebeing worst is over for Crude.Will give more Details to our Subscribers.

Updated at 7:22/11th Feb/Baroda

Four is the 'magic number', not seven

  
Analysis, Education
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Four, not seven, is the “magic number” when it comes to items of information the mind can cope with before confusion sets in.

 A new analysis by a leading Australian psychiatrist challenges the long-held view of psychological lore of seven being the number, suggesting it might actually be four.

In 1956, American psychologist George Miller published a study in the influential journal Psychological Review arguing the mind could cope with a maximum of only seven chunks of information.

The study paper, “The Magical Number Seven, Plus or Minus Two. (more…)

EGO

  
  Education
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There is no place for arrogance on the trading floor. The stock market has the uncanny ability to identify and humble arrogant traders. The best traders respect the market at all times. Traders are most susceptible to arrogance after an extended winning streak. It’s amazing how weeks of disciplined trading can be wiped out by one bad day. Arrogance is a virus in your trading, as it eats away at the edges of your discipline. Without proper discipline, the market will eat you for lunch.

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