Overnight and coming into the day’s open we were short at the close on Friday.A small whipsaw off the open based on global cues took us out, but we were back into a full position at the same price as Friday.
The trend clearly stayed down below vwap and closed at the lows of the day.
We follow all the signals from OrderFlow as it captures all the moves of the market.
Here’s the performance scorecard from the 7th of November to the 6th of December, a period of great volatility in the markets.
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The period returned for us 990 points in the Nifty and 1868 points in the BankNifty.
The Key with any great system is to have discipline. OrderFlow analyses the market for us, and the balance is our job to execute the analysis.
For any person to be successful in trading the simple formula is :
The key word here is discipline. Unless you have it, no system will work with you
On another note, I have been more active on Twitter than at any time before.
Follow me on http://twitter.com/#!/Vtrender .
I’m happy spelling out the auctions of the markets and discussing it’s reactions including possible targets and other subtle messages.I’ll be also responding to queries if any.