Thanks once again for doing the good work of reminding us the basics of trading (psychology). I Assume that most of us know what you say here many a times but still we tend to lose it once in front of screen. But constant posting of blogs on your site reminds us again and again and I can say (atleast in my case) that it forces us to follow the basics and thus be a safe trader.

Thanks and keep up your good work.

Regards
Sanju

Before joining your course I was only a bull and never traded bears call.
All the traits which you have mentioned here , I was exactly the same trader before, trying to buy at lows and sell at highs and always end up in losses. There was no discipline in my trading before and about money management I have never ever thought about this.
But after luckily meeting you here at Facebook and after getting the knowledge from your course, I am overcoming these obstacles for becoming professional trader.

Right now also , though I have overcome the ego and money management part, I am still having a little problem with applying discipline in each and every trade I hope after learning your advance course next month, I would able to become more as a professional trader and less of perfectional trader. Wishing your good health and lot of success

-Vips (Bulls Bears in Fcaebook)

These are covered as a per of my trading course. You can join the same.

Rgds,
Bramesh

Could yo please explain how you have drawn resistance line @ 439 in Bombay Dyeing’s chart?

Thanks.

Could you please explain how you have calculated GAP?

Regarding “Sell in May & go away”, I have to put some historical facts as under :

a) White candlesticks year for May Month were 2001, 2003, 2005, 2007 & 2009
b) Black Candlesticks Year for May Month were 2002, 2004, 2006, 2008, 2010 and 2011.

So all odd years were for White-candle formation except May 2011 while all even years were for Black-candle formation, so is doing till date in May2012.

But remember still half month is left and as 2011 was exception for previous trend, so same may happen with May2012 also.

Please notice the same scenario in last days of May,2010, When 50 SMA was > 200 SMA, Nifty could not remain more than 6days below 200SMA after breaching it by 200 points and then from June,2010 remain Bullish till mid of Nov,2010.

So is the case this time too. 50 SMA > 200 SMA. 4 days have past below 200 SMA on closing basis,Long term support line is lying at 4848, still in Correction mode in a bullish market, on weekly chart still above 200SMA, China Cash reserve cut by 50bps……

So we have to observe, whether history will repeat again………..

Thanks and regards

CM Gupta