every one seems very "techie" in trading, to me.
every one has their logic/indicators to enter trade.
truly, i feel foolish myself in between u people, but im trying to grasp ur "world" at a slow pace. Here is , why i entered long @ 4215 sep fut.
1) sensex graph of 27-08 and 28-08(around 3:20) on its GPRS/wap
site looks me like
falling tea from saucer. it refreshes my long historical memory database of sensex graph and reminds me what happens afterward.
2)In my early past days( some 6 years ago), i use to
make a good amount of loss on such panic last expiry day by covering long/bear trap at lows. On very next day market mostly rally, giving me feeling of fool , who sold yesterday at " Dog's Price" ( actually it is " kutta ke bhav").
3)4215 looks me cheap, i was hungry of trade since last 4 days, called my broker to make a dish of it.