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While the Buy
and Sell set-ups are the most important part
of PRISM Intraday system, THE BEST TRADES
OCCUR AT MARKET REVERSALS.
There are 4 + 4 signals in PRISM Intraday
system which are instrumental in predicting
the reversal as well as constantly guiding
the trader by advising on the strength of
Nifty Future movement.
Although these are normal technical signals,
the Analyst will reveal unknown facts about
the technical indicators which Learner will
never find in any Technical Analysis
training class or book.
For instance, RSI - Relative Strength Index
is widely quoted by technical analysts in
India as the primary indicator. More so
because perhaps it is used extensively in
USA and all technical books recommend it.
However, the Analyst terms it as 16 year old
girl who reacts too much on too little
provocation.
Fact is: as the Analyst proves during the
training, RSI is not suitable for Intraday
trading as it tends to mislead traders with
its sudden sharp up and down movements on
unsustained buying and selling.
On the other hand, another Indicator gives
very steady and stable indication about the
strength of the price movement and is right
95% of the time!
Certain other technical signals are equally
precise to inform the trader about the
failure of an up move, or warns traders on
the lack of strength of an up move or down
move (unreliable trade), points to price
going flat/sideways (in advance) or even
warning the trader of an up move which is
doomed to failure.
With such knowledge and insights available
to Learner, Intraday trading is no longer
the scary, loss-invoking, speculation driven
'game' that non-educated (those who have not
learnt PRISM Intraday Trading system) people
would like you to believe.
Also see:
BEAR/BULL LEVELS
BUY/SELL Set-ups
Nifty Future Levels
Reversal Trades
Last Level
Arunangshu M Lahiri is available on mobile nos. 097400-76212
(Bangalore) and 093308-76212 (Kolkata) as well as via
mail:
sharebaba@gmail.com.
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