Sep 7, 2013

Nifty Weekly Chart Update -9th Sep 2013


Weekly Stochastic Chart Show bullish view .
Low of the Hammer are still protected 5254 and 5118 on  weekly basis. 
Weekly remain bullish above 5632
78.6%  of the last major fall  5882 need to crossed for trend to turn bullish.









TO ACHIEVE  CONSISTENCY , I SHOULD 
1.Be able to identify an edge (trading method)
2.Have a trading plan on how to utilize the edge
   Risk Parameter , Money Management (Position Size), Profit Objectives
3.Able to execute the edge without making trading Error
4.Think in probabilities
5.Making a mental shift from trade to trade perspective to series of trade perspective 
6.Believing that you don't have to know what is going to happen next on trade by trade to win or make money.
7.Develop the ability to recognize you have crossed the threshold from normal self confidence to the state of euphoria.

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