THE DAILY ROUNDUP:NIFTY CLOSED AT 8 EMA OF LOWS

Wednesday, 13 November 2019

THE DAILY ROUNDUP:NIFTY CLOSED AT 8 EMA OF LOWS

Nifty has closed exactly at 8 EMA. Besides it also breached the previous weeks low at 11850. Any closing lower than the current level could open gates for a deeper "correction".

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Aphorisms by M J A

Be humble, it costs nothing
Before punching an order, always remind yourself that there is every possibility of this trade going against you
Correction flows from shorter timeframe to longer timeframe
Don't trade, as long as you feel the need to predict the market
Edge is not something that only you know about, it's something that you have mastered completely
Often patterns are fractal in Nature
Randomness doesn't mean Hapahazardness
Technical Analysis is best suited to those who have plenty of time to kill, for the rest of us, moving averages are sufficient
The world would end on the day, when 'randomness' is precisely defined
Trend flows from longer timeframe to shorter timeframe
True random numbers do not exist in Nature

Find the underlying trend and bet on it - period

Wednesday, 13 November 2019

THE DAILY ROUNDUP:NIFTY CLOSED AT 8 EMA OF LOWS

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