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Tomorrow we will have the UP election results which will be watched quiet closely by Nifty for further triggers. Lets discuss few probable outcomes and thier impact on markets.
We have 4 Major Parties :SP,Congress,BJP and BSP . I have assumed the best,worst and normal scenarios
1.S.P with clear majority Nifty should rally, with mild positive bias and Global triggers will take its effect Positive for Sugar and ADAG companies.
2.BSP with clear majority Nifty should rally with mild positive bias and Global triggers will take its effect Positive for JP group of companies
3.Congress is King maker with increase in Seats Nifty will take in extremely positive and pre budget rally will follow till 5500
4. BJP is King Maker or with clear majority extreme negative for Nifty. We can see a down move till 5200,5000.
We have just opened a trade at 2012.03.05 15:00:00 (GMT)
*** SELL GBPUSD @1.5861 ***
*** Stop Loss @ 1.6000 ***
*** Take Profit @ 0.0000 ***
Always late to follow our signal?
You can buy our Robot/Expert Advisor at
http://forexwinningsolution.com
What time on my country?
Here some major cities time:
- New York, United States : 2012.03.05 10:00:00
- London, United Kingdom : 2012.03.05 16:00:00
- Munich, Germany : 2012.03.05 17:00:00
- Dubai, Uni Emirat Arab : 2012.03.05 19:00:00
- Jakarta, Indonesia : 2012.03.05 22:00:00
- Kuala Lumpur, Malaysia : 2012.03.05 23:00:00
- Hongkong, China : 2012.03.05 23:00:00
- Tokyo, Japan : 2012.03.06 00:00:00
- Sydney, Australia : 2012.03.06 02:00:00
More time information : http://wwp.greenwichmeantime.com
How to define Lot Size?
We prefer use 10% balance. Example:
If balance $1000, trade 0.1 lot
What strategy we use?
We are using Reversal Strategy with Dynamic TP and SL (Max 139 pips)
You can buy our Robot/Expert Advisor at
http://forexwinningsolution.com
Good Luck and Have a nice pips!!
WSSFX Trader Team
http://wssfx.com
Follow our signal on Twitter and Facebook:
- http://twitter.com/wssfx
- http://www.facebook.com/pages/WSSFXcom/125825584126616
Recommended Expert Advisor
- GOLD TRADER : http://forexgoldtrader.com
- GBPUSD TRADER : http://forexwinningsolution.com
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