That- from the part of the world I have been to recently means “It’s nice to meet you”.
Happy to be back on Vtrender and doing a post after 45 days +.
Lots has changed and it’s very difficult to see the markets at 5500 levels instead of the 6xxx levels.I was in the trading room yesterday which has also changed and it was good to see some happy people and a room size which is up 30 % in one month.
More importantly, there are some smart people with sound opinions and it always is beneficial to trade in an environment conducive to personal growth and the like.
When I was struggling with my trading back in 2003, it was community support from the likes of Shai and one or two others which helped me get going.The power of trading with people can never be underestimated as long as everybody has got one consistent objective to remain profitable.NewBie traders wanting to learn the markets will never be disappointed with Vtrender Live in it’s present form.
I know Shai has been putting a lot of efforts behind the scenes not just in putting out some immaculate trades, but also some great educative articles at Vtrender-2, which should make aspiring profilers learn auction market theory quickly.
My inputs at Vtrender have been restricted off late owing to some additional demands on my time, but I have agreed to work on the “positional aspect” of the trading room with analysis and trades to meet our swing trading requirements.These include the long term OrderFlow charts which should help us keep positions for more than a few days.
About the markets today, we had a neutral day. It’s a pattern with neutral days and they can be repetitive or follow each other closely.But today was also a balanced profile and if you have been reading this blog long enough you would understand the importance of those two words.They are game changers in more ways than one. I hold the view that we have broken out of the downtrend and should challenge 5577/ 5625 next.The swing traders would hold 5370/ 5410 as their stops.
I would post details about these charts in my next post.