Nifty Ranging_18_01_2016

TTF - Trading time Frame

LTF - Lower Time Frame

Today Nifty has given total 5 trading setup areas with the methodology I applied.  Please find detailed explanation on set up areas

Point A - Price stall and failed to move downside which is sign of reversal
Point B - BOF and FTC toward upside
Point C  - BOF at Range support, Nice Long opportunity
Point D - Weak Retest to the level of BOF , nice short trade
Point E - Intra range BOF, Nice short Opportunity 

Today Significant Price action areas

Sharp fall in the Nifty today morning and got price stall in range of 7763 - 7778. 

Weakness was clearly evident in Nifty when moving upside.

Bulls got trapped at key level

Why Trading is Tough Business? Let me walk-through

Trading is all about having right mindset. So what is right Mindset, 

• having expectations about price movement?
• Fixing targets that you have to make so much from market on daily basis?
• Taking Revenge trades after a loosing trade?
• Not booking profits expecting price to go further?
• Taking decisions by just looking at a certain pattern formation? Not analyzing if pattern is valid or not??
• Decisions making based on Technical Indicators???

 If you think all above leads to right Mindset, than probably it's time to change the way of trading.

" it’s essential to trade what you see, not what you think.  " This is what leads to have right mindset in trading.

Look at the chart , have pointed out the places where we can Analyze and take decisions.

Friday's Crude chart - 70 point Low risk win trades.

Win and loosing trades are a part of trading, but limit your losses by looking at Price behavior at the moment.