In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital !
Lets wait for pattern completion....If no, lets search next trade setup !
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital !
Lets wait for pattern completion....If no, lets search next trade setup !
Trade active:
I got in... hereafter its Nifty's wish to hit my stops or targets :)
Comment:
We had an awesome day with Nifty :)
