Few people are asking that you are sharing only the range but not the direction. Why you are not sharing whether nifty will go UP or it will go down in the coming week?
One thing I want to share here, I believe in reaction not in the prediction. I’m not bothered about where nifty will go. Wherever it goes I will follow.
That’s the reason, I’m trading only the range, not the direction. Because I don’t need to do anything until Nifty is trading in my range and if it gives me a breakout or breakdown I can adjust my position accordingly.
Why waste my time to predict first and then wait to see that whether m I right or wrong when I can easily trade based on the current data and range? You can see a lot of messages on social media that Nifty will hit this or that. I’m saying let it hit this or that first, we can react based on that later.
You can see 70% times market consolidate in a range that means 70% accuracy market itself is giving to me, for rest 30% we can do the adjustments. What do you say? Isn’t it a better approach? After all, we are here to make money not to be a better predictor.