Friday, June 15, 2012

Waited through out night for money

An wrong entry caused me to wait through the night for money only but no good result..



Why:

I need to enter market when market moves, high volatality.
When two session overlap

rather waiting for money in the night , loosing sleep causes next failure.


Its true whether you beleive or not

either you will believe going through the same.





Thursday, June 14, 2012

Support and resistance

In any time frame Support and resistance is tested and retested repeatedly before broken

head and shoulder
double bottom
Double tops
Tripple tops
tripple bottom
Inverse head and shoulder

Pivot
Fibonnaci ratio
Candle
Chart pattern

MA,
Bollinger band


Acts as strong support and resistance in any time frame



Thursday, June 7, 2012

Higher time frame have much weight over lower time frame

If U find confusing trend on lower time frame go for higher time frame, because Higher time frame have much weight over lower time frame

Example: trend in 15 min down,
trend in 1 hr up, so the trend is up for the day,

Trend is up in 1 hrs
trend is down in 4 hrs chart

So trend is down this week, initially it will go up(correction) then it will go down.



good day

Wednesday, June 6, 2012