For Wednesday 10-June-2009 Trend Deciding Levels for Day Traders/Intra- Day Traders/ Position Traders for Cash Markets & “How to use our Daily Morning TDLs = Trend Deciding Levels of the Stocks for Traders”?
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Dear Investor/ Trader in Stock Markets,
Sometime back you visited our website www.meramoney.com or emailed to us for advise on Indian Stocks.
We have now started afresh membership to our Group, to email you FREE – TDLs (Trend Deciding Levels of Top Traded Stocks) daily.
You know that 95% Day-Traders lose money to make other 5% Super-Rich, who profit by trading smartly with the trend. Study the following to learn “How to use our Daily Trend Deciding Levels (TDL) of the Stocks for Traders?”. TDL of a stock is very crucial for day- traders/Position Traders, which indicates when the stock is going to become bullish or bearish from the start of trading.
TDLs means Trend Deciding Levels of the Stocks for Traders.
“How to use our Daily Morning TDLs = Trend Deciding Levels of the Stocks for Traders”?:
1) TDL (Trend Deciding Level) of a stock is very crucial for traders, which decides whether the trade is going to become bullish or bearish from the moment the trading starts in the morning.
2) Bullish: The stock is termed bullish if it starts trading above its TDL and continuous to remain above its TDL for the rest of the day. It may come down near its TDL during the day, but bounces up, it stays bullish. Such stocks may be traded; buy low to sell high, every time it nears its TDL or buy to sell higher, every time its makes a higher low, after making a higher top.
3) Bearish: The stock is termed bearish, if it starts trading below its TDL since the start of the day and continuous to remain below its TDL for the rest of the day. It may come up near its TDL during the day but bounces down, it stays bearish. Such stocks may be traded to sell high to buy low, very time it nears its TDL, or sell to buy lower, every time it makes a lower high, after making a lower bottom.
4) Bullish to Highly Bearish: The stock may start trading bullish, above its TDL, but after trading for say 1/2 hours at least with good volumes, it goes below its TDL and stays below its TDL. Such stock has becomes highly bearish and may be sold at every occasion it goes up near its TDL or is making a lower high, after making a lower bottom.
5) Bearish to Highly Bullish: The stock may start trading bearish, below its TDL, but after trading for say 1/2 hours at least with good volumes, it goes above its TDL and stays above its TDL. Such stock has become highly bullish and may be bought at every occasion it comes down near its TDL or is making a higher low after making a higher top.
6) Stop-Loss: Always use stop-loss of 0.5%,to 1%, if no stop loss is given. Target 2% to 5% profits initially and book your profits fast, till you have mastered the art of TSL (Trailing Stop Loss).
Always keep your lots small, well within your loss taking ability. Act smartly to cut your loss, if the trade goes against you. You may always re-enter the trade in the same direction at your stop loss level, if you again feel the stock stays in the same direction, even after hitting your stop loss and your initial decision was correct.
7) Position traders may utilize our Daily “TDLs” (Trend Deciding Levels) of top 20 stocks for Trading for daily position carry & complete reversal in position at trend reversal. Position traders enter long positions in a stock, till it remains bullish by watching that it remains above our daily TDLs. Such positions are carried forward on day to day basis, till stock remains above our TDL, by putting a stop loss below our previous days TDL. Traders should become alert if our Today’s TDL is broken. Thereafter, if the price remains below our today’s TDL for ten minutes, traders should square
the long position then,without waiting for the stop loss to be hit.
If, thereafter stop loss level is reached, then traders may consider entering into a short position, keeping the stop loss above our today’s TDL and carry forward such position on day to day basis using the above rules with our daily TDLs & using trailing stop loss ( TSL).
For short positions you may apply the rules in reverse.
All subscribers are requested to maintain confidentiality of the recommendations received to avoid misuse.
by Subscribing to our services, you agree to the following “Disclaimer”
DISCLAIMER: TRADING IN STOCKS IS A RISKY ACTIVITY & IS TRADERS OWN RESPONSIBILITY. THE ADVISER OF THE NEWSLETTER ARE IN NO WAY RESPONSIBLE FOR ANY LOSSES. WE MAY OR MAY NOT BE TRADING IN THE STOCKS MENTIONED IN THE ADVICE.
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V B Technicals, Nashik 422002, Maharashtra
Email: vbtech@gmail.com
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Tags: BSE, Day Traders, Intra- Day Traders, NSE, Position Traders