Archives of “Anirudh Sethi” tag

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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

IBN -44.56 is Major Hurdle ,Short Term Trend down

  
Analysis, Education, US Market
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Rally from low of $32.68 upto $42.96 is over ?

-On Friday closed at $40.77.

-Now just watch 39.75 level.Break and close below this level will take to 37.82 ,37.18 in panic.

After Looking at Monthly chart it looks that stock will have to close above 44.56 level.

-Now stock will show strength above 44.56 level only.

Want to know more ,Just send me mail.

[email protected]

Updated at 19:29/21st March/Baroda


 

How would you classify trading errors?

  
  Education
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TRADINGERROR

  • Improper analysis, categorized as inadequate preparation or incorrect interpretation
  • Improper entry (early or out of sync with market and sector action)
  • Improper execution (inappropriate position size, failure to adhere to proper trading principles, e.g. momentum resumption)
  • Failed exit, e.g. profit turns into a loss, failure to recognize ‘windfalls’, etc.

So what ‘rules’ must we have.

  1. Identify your edge (specific market, specific techniques)…if making money on the short (long) side isn’t working, why persist at that which isn’t making it happen? Strive to do more of what is working and less of what is not.
  2. Trade with the market. Intraday ‘tells’ are huge. If breadth is negative and the dollar is positive, going long equities is going to be tough sledding.
  3. See the market as it is. If we’re wrong, having missed the exit ramp, are we going to stay on the highway into the next state, or get off?
  4. Understand the market structure. Is the market trending, detrending, breaking out of consolidation, bouncing off support or resistance, consolidating?
  5. Know how volatility is behaving…rising, falling, at extremes.

Hope is A Four Letter Word

  
  Education
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Hope is a dirty word for  a trader ,not only in regards to procrastinating in a losing position ,hoping the market will come back ,but also  in terms of hoping for a reaction that will allow for a better entry in a missed trade.If such trades are good ,the hoped for reaction will not materialize until it is too late.Often the only way to enter such trades is to do so as soon as reasonable stop loss loss point can be identified.

Trading Success

  
  Education
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success_key

“Trading success is a function of possessing a statistical edge in the market and being able to exploit this edge with regularity. Trading failure is most likely to occur when you trade subjective, untested methods that possess no valid edge or when you are incapable of consistently applying edges that are available. Improving your psychology as a trader by itself will not confer an objective edge. Developing or purchasing a valid trading system will not in and of itself make you a great trader. The development of trading methods and the development of yourself as a trader thus must proceed in concert. You are only as good as the methods you implement and your ability to implement the methods.”

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