TA+organ between ears=successfull trade

This is 1 min intraday chart for nifty each bar is of 1 min time, though i should say i am quite new to this financial jungle of TA(Technical Analysis)still would like to share what i learned till now,I got compelled to do this as i have seen people trading blindly when asked they say TA is not affective but i would say rather than clamouring and wasting time its better to get some good points about TA.The above chart shows nifty and if u see ema crossover generated buy signal at 2930 then at 2960 comes an ihs(inverse head&shoulder) shown as (1) which makes sure we reach green arrow target after that further move can be followed by with a help of trendline and longs can cover profits as nifty broke that trendline again we went down and made another ihs(2) though not classic one which gives way for up move so the conclusion is TA works only thing is you should know how to use it , and that will come only when we use more of the organ between out ears.
PS:-this edge is coz of live data trading if u serious about trading u need to play with live data
no shortcuts
cheers
rish

SIEMENS

as seimens breaches its support zone it has fallen like cards and this fall has come on volumes next major support is near 750 levels so keep an eye on this
cheers
rish

Matured Trader

Successful traders are sharp, curious, and unassuming people. Most
have been through losing periods. They graduated from the school of
hard knocks, and that experience helped smooth their rough edges.
Successful traders are self-assured but never arrogant. People who survive
in the markets remain alert. They trust their skills and trading methods,
but keep their eyes and ears open for new developments. Confident
and attentive, calm and flexible, successful traders are fun to be with.
Successful traders are often unconventional people, and some are
very eccentric. When they mix with others, they often break social rules.
The markets are set up for the majority to lose money, and a small group
of winners marches to a different drummer, in and out of the markets.
Markets consist of huge crowds of people watching the same trading
vehicles, mesmerized by upticks and downticks. Think of a crowd
at a concert or in a movie theater. When the show begins, the crowd
gets emotionally in gear and develops an amorphous but powerful
mass mind, laughing or weeping together. A mass mind also emerges
in the markets, only here it is more malignant. Instead of laughing or
weeping, the crowd seeks each trader’s private psychological weakness
and hits him in that spot.
Markets seduce greedy traders into buying positions that are too
large for their accounts and then destroy them with a reaction they cannot
afford to sit out. They shake fearful traders out of winning trades
with brief countertrend spikes before embarking on runaway moves.
Lazy traders are the favorite victims of the market, which keeps throwing
new tricks at the unprepared. Whatever your psychological flaws
and fears, whatever your inner demons, whatever your hidden weaknesses
and obsessions, the market will seek them out, find them, and
use them against you, like a skilled wrestler uses his opponent’s own
weight to toss him to the ground.
Successful traders have outgrown or overcome their inner demons.
Instead of being tossed by the markets, they maintain their own balance
and scan for chinks in the crowd’s armor, so that they can toss
the market for a change. They may appear eccentric, but when it
comes to trading they are much healthier than the crowd.
Being a trader is a journey of self-discovery. Trade long enough, and
you will face all your psychological handicaps—anxiety, greed, fear,
anger, and sloth. Remember, you’re not in the markets for psychotherapy;
self-discovery is a byproduct, not the goal of trading. The primary
goal of a successful trader is to accumulate equity. Healthy trading
boils down to two questions you need to ask in every trade: “What is
my profit target?” and “How will I protect my capital?”
A good trader accepts full responsibility for the outcome of every
trade. You cannot blame others for taking your money. You have to
improve your trading plans and methods of money management. It will
take time, and it will take discipline.

ITI

ITI is thrusting up with huge volumes 62 is the level where it can pause a bit before reaching its stiff resistance 64-65. 50 now remains as its strong support.
cheers
rish