Bearish signals

Well I dont need to say it that "nothing in market happen by chance because every \chance/probability/action \ itself forms the price/market.
So yes the freak trade price Shall be visited, now we can do that quickly or make it painful for both bulls and bears...I will vote for painful+volatile because thats what is market suppose to be for the majority:) at most of the time
so now that we have set the notext lets get down to prices..watch for the break of 11275 below and breakout of 11528 above (i doubt we would see that this week)...but without being biased lets watch out for markets hand before placing ours..

yours truly will be back when something volatile is ahead

Updating the Trailing Stop on BNIFTY

I m happy to update that Trailing stops on bank nifty can now be shifted to 11300-320, for all those who held there position despite all the "opposition" :)....a breach below that level should trigger short term short play, but be nimble footed on short side as we are still in very bullish zone. Before a reversal ensues its going to chop both side, so I would go to side lines once that level is breached to downside and await a more better signal for short entry.

Coming to my cognitive-bias (of course based on certain edge) ; it suggests that Oct or early September should be the month when we should form a top in the markets...yes I know....most on the street are already starting to dream about blue moon :)...and those who got it right "luckily" are now hoping to ride it to end of the rainbow where pot of "gold" lies :).....

Now those who have read my previous posts (and I know there are very few of them:) ), know that even the self-proclaimed best of the best ramblers of the sell side can't hold torch to my timing :)........its almost cast in stone that most will always be late to arrive to the party or leave the party, as they are consumed by what external factors are doing to the market rather than what's the market doing....this game of rinse and repeat is what makes market a fair place...

http://bubbleshort.blogspot.in/2012/07/piece-of-history-opportunity-or-pain.html
http://bubbleshort.blogspot.in/2012/07/dear-bear-is-it-grumble-i-hear.html
http://bubbleshort.blogspot.in/2012/08/this-blows-my-mind-away.html

I will be back when there is something worth updating about the index...till then enjoy the chop :)

Pat on the Back

Though self eulogizing is not my best suit, but this definitely deserves a pat on the back. Since last long signal we are up 10% not withstanding not so cool Mamta Di or opposition to reforms.
System is now up >35% YTD, one deserved hurray to last trade.
All those long can now shift their stops to 10640 on EOD basis (Medium term trader) and short term traders should book some profit and leave a few lottery tickets running.

Morning Update

Trade long if bank nifty remains above 10035 by EOD with same acting as stop loss, we have already gapped above it, but I will still wait for the EOD before taking a call.

Update

Indian markets (nifty and bank nifty ) have generated weekly sell with daily sell continuing from last to last week ( plz refer old post)...will update stops n levels for long trigger for perpetually bullish traders ....some1 wise once said : I'm not interested in being a bull or a bear but just being right

Some Research

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For more details contact @ ajitk2003@gmail.com

Statistics | Charts | Trades | Formula | Settings | Symbols

Statistics

	All trades	Long trades	Short trades
Initial capital	10000.00	10000.00	10000.00
Ending capital	5727463.91	5727463.91	10000.00
Net Profit	5717463.91	5717463.91	0.00
Net Profit %	57174.64 %	57174.64 %	0.00 %
Exposure %	40.32 %	40.32 %	0.00 %
Net Risk Adjusted Return %	141802.18 %	141802.18 %	N/A
Annual Return %	21.13 %	21.13 %	0.00 %
Risk Adjusted Return %	52.40 %	52.40 %	N/A
All trades	522	522 (100.00 %)	0 (0.00 %)
Avg. Profit/Loss	10953.00	10953.00	N/A
Avg. Profit/Loss %	1.31 %	1.31 %	N/A
Avg. Bars Held	6.79	6.79	N/A
Winners	250 (47.89 %)	250 (47.89 %)	0 (0.00 %)
Total Profit	10236114.23	10236114.23	0.00
Avg. Profit	40944.46	40944.46	N/A
Avg. Profit %	4.23 %	4.23 %	N/A
Avg. Bars Held	10.13	10.13	N/A
Max. Consecutive	10	10	0
Largest win	532267.64	532267.64	0.00
# bars in largest win	39	39	0
Losers	272 (52.11 %)	272 (52.11 %)	0 (0.00 %)
Total Loss	-4518650.32	-4518650.32	0.00
Avg. Loss	-16612.68	-16612.68	N/A
Avg. Loss %	-1.37 %	-1.37 %	N/A
Avg. Bars Held	3.73	3.73	N/A
Max. Consecutive	7	7	0
Largest loss	-237632.73	-237632.73	0.00
# bars in largest loss	6	6	0
Max. trade drawdown	-293532.60	-293532.60	0.00
Max. trade % drawdown	-17.75 %	-17.75 %	0.00 %
Max. system drawdown	-608610.16	-608610.16	0.00
Max. system % drawdown	-17.75 %	-17.75 %	0.00 %
Recovery Factor	9.39	9.39	N/A
CAR/MaxDD	1.19	1.19	N/A
RAR/MaxDD	2.95	2.95	N/A
Profit Factor	2.27	2.27	N/A
Payoff Ratio	2.46	2.46	N/A
Standard Error	855554.46	855554.46	0.00
Risk-Reward Ratio	0.17	0.17	N/A
Ulcer Index	5.97	5.97	0.00
Ulcer Performance Index	2.63	2.63	N/A
Sharpe Ratio of trades	1.60	1.60	0.00
K-Ratio	0.0184	0.0184	-1.#IND

Good Set up in Bank Nifty

We will play with these two price levels for next two days 10550 and 10350 for bank nifty cash. Breach of either will signal move in the same direction with 10550 becoming stop loss for long on breach and 10350 becoming stop loss on short on breach below.

Simple Ain't it!!

Btw those who kept an eye on gold silver and pressed the trigger at right time were rewarded handsomely. Not a bad point for a trader to take some profit off the table. And for investor its a signal that start accumulating gold and silver as it looks like its coming out of consolidation and readying for upmove.