Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
7 comments:
what is the rationale for going short sir...there is no divergence on hourly..and also Dow futures are 1.5% higher...so wont it be prudent to wait for any weakness before entering shorts...
Nifty has breaken 4600 levels, seems aggressive tarde has covered the long positions and fresh short position is intiated at these levels as mentioned in post with SL of 4630...right.
Is this 4630 a SL or S&R.. do reply for it?
http://niftymovement.blogspot.com/
Hi..Shaq,
I have to manage the aggressive trades with a different style as there is violent S&R with profits eroding...
As we are well above the 61.82% retracement & moving into price congestion zone of 4590-4620, I am selling into strength.
It is a risky trade befitting the name-Aggressive.
Hi..Technical trader,
It is only a SL. After EOD study, we will put the next trade.
I had not seen the strong US futures, I would have left the longs. Any way, we have a SL in place.
Best regards.
ilango
hi ilangoji,
on aug 11 SS has posted this http://timamo.blogspot.com/2009/08/reversal-in-sight.html
after such a big rally i am expecting nifty test 4731 levels and move past it depending on global cues
regards
rajamani
Hi..Rajamani,
Yes..SS with his "Internals" postings comes up always triumphant. It coincided with our short term reversal point. Now the only question is how high we are going to go...??
Best regards.
ilango
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