BUY ABV.5551 SL 5544 TRGTS.>5581>>5625>>5666
SELL BLW. 5530 SL 5550TRGTS.> 5504 >> 5468 >> 5422

NIFTY UPDATE>>>>>

TOMORROW COVER SHORT BELOW 5500 IT WILL FALL TO FILL GAP &
CAN GIVE A SHARP BOUNCE FROM 5466-56

SO STAY ALERT TOMORROW>>> BUY IN DEEP

SQUAREOFF SHORTS IN PROFIT
FOR SHORTS WAIT FOR CLOSE BELOW 5509 5477 SPOT
CLOSE ABOVE5509 BUY NIFTY

NOW-- CAN SHORT NIFTY FUTURE WHEN SPOT GOES NEAR 5735 WITH A STRICT SL 5750

TATA MOTIRS>>>>>>

POSITIONAL BUY TATAMOTORS ABOVE 1255 STOPLOSS 1230 CLOSING TGT 1275 / 1297 / 1320 CASH LEVELS

HotGrab>>>>>>.

Positional / Delivery Call>>>>
Buy TataSteel :: 610 Closing ;Accumulate on dips till 590
Add / Buy Double qty on close above 630;Target :: 690 / 725
Stop Loss :: 575 Closing basis
Time Frame :: 25-30 days

For Feb 24,2011....

Nifty Futures>>>>>
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 5459 5452 5480 5527 5555
Short Sell 5428 5457 5410 5382 5335

For Feb 18,2011.......

NIFTY Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 5550 5516 5575 5606 5665
Short Sell 5510 5522 5490 5432 5400

LT Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1696 1675 1718 1741 1785
Short Sell 1673 1676 1653 1610 1586

TATAMOTORS Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1241 1232 1249 1258 1275
Short Sell 1231 1233 1223 1206 1197

SBIN Future Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 2774 2760 2791 2811 2842
Short Sell 2757 2763 2743 2712 2692

RELIANCE Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 958 951 964 972 985
Short Sell 950 952 944 931 923

ICICI BANK Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1058 1053 1070 1084 1102
Short Sell 1052 1054 1040 1022 1009

TATA STEEL Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 655 650 659 665 674
Short Sell 650 651 645 636 631

My Trading levels .........

NIFTY:
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 5480 5456 5518 5563 5625
Short Sell 5451 5462 5417 5355 5311

LT Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1646 1644 1670 1715 1740
Short Sell 1623 1646 1601 1575 1531

TATAMOTORS Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1225 1214 1244 1265 1295
Short Sell 1213 1216 1195 1165 1144

SBIN Future Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 2729 2711 2766 2805 2860
Short Sell 2708 2714 2674 2620 2580

RELIANCE Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 942 932 953 964 984
Short Sell 932 933 922 902 890

ICICI BANK Future (24-FEB) :
Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 1052 1048 1066 1080 1098
Short Sell 1047 1049 1034 1016 1001

Trading Wisdom.....

Everything in this world involves risk but by far the greatest risk is staying in your comfort zone because this involves the risks of lost opportunities. The secret to risk lies in knowing how to minimise its impacts on you. If you want to be a successful trader you must become passionate about the learning process. You must become totally focused on trading well as opposed to making money. You must learn from someone who can show you how to trade successfully rather than rely on machines and promises of “golden eggs”. You must become absolutely disciplined in the activity of trading.

Magical thinking.....

nature, hunch, innermost thoughts, intuition, intuitions, intuitive level, likelihood, lottery number, lottery ticket, magical thinking, occasional feelings, overconfidence, propagation, self worth, speculation, speculative bubbles, ticket holders, winning the lottery

Magical thinking describes subjective speculation about how markets will act. It is difficult to know for sure how significant a role intuition about the likelihood that investments will do well or poorly plays in peoples? decisions to invest. We are trying to assess innermost thoughts about money and self worth which most people feel they do not have to explain or justify to anyone. However, we can label these patterns of thought as magical thinking. Most investors have occasional feelings or intuitions that certain trading actions will bring them luck even if they know logically the actions can have no effect on their fortunes. Playing a hunch just because it feels right seldom makes traders rich. Yet proof that it’s human nature to indulge in magical thinking abounds:

1. It has been shown that people will place larger bets on a coin that has not yet been tossed than on a coin that has already been tossed, but the outcome of the toss has yet to be revealed.
2. If asked how much money they would demand to part with a lottery ticket they already hold, most ticket holders give a figure over four times greater than if they themselves chose the lottery number on the ticket. Apparently, at some magical level people think that they can influence a coin that has not yet been tossed and influence the likelihood of winning the lottery by choosing the number.
3. People are capable of thinking, at least on some intuitive level, If I buy a stock, then it will go up afterwards or If I buy a stock, then others will probably want to buy the stock, too, because they are like me or I have a hot hand lately; my luck is with me. Such magical thinking is likely, in a subtle way, to contribute to the overconfidence that may help the propagation of speculative bubbles.

Trading Wisdom Not Heard Often...

• Our edge is the human mind

, bull markets, crowd, genius, good times, JESSE LIVERMORE, liars, money, PRIDE, profit trading, stock, successful traders, surer, Wisdom

• Buy from the scared, sell to the greedy.

• Buy their pain, not their gain.

• Successful traders are quick to change their minds and have little pride of opinion.

• I made my money because I always got out too soon. (Bernard Baruch)
• Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars. (Bernard Baruch)

• Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. (Jesse Livermore)

• The faster a stock has climbed, the quicker it will fall.

• The more certain the crowd is, the surer it is to be wrong. (Menschel)

• Bear markets begin in good times. Bull markets begin in bad times
• Never confuse genius with a bull market.

• Always sell what shows you a loss and keep what shows you a profit

Thought for The Day...

Trading Wisdom....

7 Ways to Become an Unsuccessful Trader....

Tags:billiard balls, common trading, corrective patterns, Elliott Wave, extrapolation, false assumtion, lottery ticket, macd, Mark Twain, market trends, misconception, momentum indicators, perfect timing, personal risk, pool table, risk tolerance, stochastics, time decay, trading mistakes, wrong side

If you’d prefer to become an unsuccessful trader, you can start by making the following common trading mistakes.

-The first big mistake is the flawed logic of extrapolation. Many traders and investors assume that a trend will remain in force until an “event” comes along to change it. But market trends are not like billiard balls on a pool table. This false assumption will put you on the wrong side of the market more times than not, especially at major turning points.

-The second big mistake is to suppose that news events drive market trends. In fact, the opposite is true: economic, political and social events lag market trends.

-One common mistake is to buy puts or calls that are way “out of the money,” with no other transactions to compliment them. Unless your timing is absolutely perfect — and who has perfect timing? — your chance of success is low. It’s like buying a lottery ticket.

-Another common mistake is to buy options with too little time left to expiration. With less than one month to expiration, the time decay begins to accelerate and the chances of success diminish.

-In the middle of a corrective pattern, it’s common to run out of patience while waiting for confirmation of a trend change. You have to give corrective patterns time to unfold before you jump in. This requires discipline, and a solid understanding of the many ways corrective patterns can unfold.

-Too many traders think Elliott wave is a trading system

that tells you exactly where to enter and exit a particular market. That’s the biggest misconception. The reality is that it’s an analytical and forecasting tool, which helps you develop and use your own trading system, based on your own personal risk tolerance.

-Traders tend to over-rely on momentum indicators such as RSI, Stochastics and MACD to precisely spot turning points. But to paraphrase Mark Twain, markets can stay overbought or oversold a lot longer than either you or I can remain solvent.

GAMBLING ADDICTION with trading......

Tags: addiction, depression, extra money, Hammer, heart, losses, lots of money, money trading, passion, winning days

how many of you never seem to win consistently?

how many of you hold on because you did have some winning days which means you have potential?

how many of you tell yourselves that its not an addiction,its just a passion you have?

how many of you keep on replenishing your trading accounts because just like any business,you always lose money at the start?
how many of you tell yoursleves your losses are the BEST THING that ever happened because thats the best way to learn?

how many of you think of crafty ways to get some extra money wired into your trading accounts?

how many of you say you would have won if you only “stuck to your discipline”?

how many of you are just waiting FOR THAT SPECIAL DAY WHEN EVERYTHING FINALLY CLICKS AND YOU’VE FINALLY FOUND THAT EDGE?

how many of you fall into a depression and feel as if someone has hit you in the heart with a hammer aftr a big loss.

how many of you cannot wait for the next day to make some money back?

my favorite: “tomorrows a new day and i will start fresh, a new trading style that will be disciplined”.

there are many guys that make lots of money trading for a living..really,you seriously believe that?

Poll for Traders.....

Observing emotions to trade well

Tags anger, bet, emotional state, emotions, greed, gut feeling, hesitation, inner voice, little voice, money focus, revenge, stress, wrong side

While trading You all just watch emotional state of mind more than the price action. This will help u to trade

better

Here are some of the emotions I feel from time to time and what they mean to me in context of trading

1) hesitation to pull the tigger – something is not right – don’t take the bet

2) anger – start of revenge trading – stop ASAP

3) uncomfortable while watching or not watching the price – non aligned with the market, trading with too much size – reduce size or quit

4) ignoring the little voice and gut feeling – trust the inner voice and take action

5) trading on hope – quit asap

6) thinking after hours or during market hours of money you can make = greed, impatience to make money – focus on how much you can lose

7) stress = wrong side of the market

feeling joy = right side of the market

Discipline isThe MAster....

Tas: confidence, consistency, discipline, patience, profits

Profits!

Remember…

• Discipline Cycle® begins with Discipline to follow those rules,

  
  

• Discipline leads to Consistency in your trading,

  
  

• That Consistency leads to Confidence in your trading!

  
  

• Confidence develops the Patience to wait for the best trading opportunities!

  
  

• Patience to wait leads to Profits!

HOPE...

, geat source, letter word, misery, motto, position traders, risk, stake, unanswered prayers

Hope is a four letter word.An appropriate acronmym for HOPE Could be ;

Having

Our

Prayers

Expected.

False hope is great source of misery and no just in the trading arena.Prayers are always good by keeping in mind that some of Gods greatest gifts are her unanswered prayers.

Hoping is a sign that the trder has no control over his position.Traders should never be hoping and always trying to control the amount of risk at stake at all times.Always trading-never hoping should be a traders’s motto.

The Top Ten Most and Least Risky Sovereigns...

ags: confirmation, credit risk, debt credit, few surprises, fourth quarter, greece, introduction of he euro, netherlands, portugal, risk report, sovereign debt, sovereigns, western europe

This quarter there were few surprises in the list of the top ten most risky sovereigns, with Greece at the top of the table, followed by Venezuela, Ireland and Portugal, and there were no changes to the top eight least risky, although The Netherlands dropped out of the top ten.

However, the top five worst performers for the quarter are from Western Europe, confirmation that 2010 was one of the most difficult years for the region since the introduction of the euro in 1999. The report found that UK CDS widened 13% in the quarter following the bail out of Ireland.

Source: CMADataVision Sovereign Debt Credit Risk Report for the fourth quarter 2010