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...
11 comments:
Hi Ilango,
Spot closed at 5122+ today. So tomorrow a gap up might wipe out the 5138 range.. what is ur view.. now..
regards
prakash
Gap up expected tomorrow, what are ur views
(Repost)
Hi, Bizagra,
As Ilango said max sl 5138(MAX 5145), USE TRIGGERED SL(as gapup expected).
There is a serious fault in ur money management (I don’t know how many friends here like u, but there is many). I'll help u all.
First advice for u:-
TAKE UR EVERY TRADE AS AGGRESSIVE TRADE FROM NOW. UR STOP LOSS 20-30 POINT.
CHANGE UR SL BY 20/30 AS (TRIGER SL) AS MARKET GOES IN UR FAVOUR.
As far as my mathematical research on Nifty:-
Nifty moves in cycles of 0.6% to 0.9% (After that it is next cycle).
NEVER USE STOP LOSS BIGGER THAN THAT.
WITH 4920 TO 5138 =220 POINTS U MAY HAVE 8 TO 10 AGGRESSIVE TRADE @ MAJOR SUPPORT/RESISTANCE (from Ilango chart). NET RESULT 500++ POINT PROFIT (may be 1000+ pts).
I am very sad. I'll help, pls read all of my comments (from older posts) past 1 month here (as per market moment that time). I’ll post all required strategy time to time here. Follow Ilango’s every post here.
Don't loose too much money in a single trade. I u have to loose 200pt, it must be in 7/8 trade. Remember that simple thing u'll be a net winner.
Happy trading with beloved Ilango.
Hi.. H2O,
Above post is for u also.
Again for all new traders:
TAKE UR EVERY TRADE AS AGGRESSIVE TRADE FROM NOW. UR STOP LOSS 20-30 POINT(trigger SL).
CHANGE UR SL BY 20/30 AS (TRIGGER SL) AS MARKET GOES IN UR FAVOUR according to pivot and ema supports/resistances.
ALWAYS USE PART BOOKING. IF NIFTY GOES UR FAVOUR OVER 50 POINTS, KEEP UR LAST LOT AS POSITIONAL.
Let The Market make ur aggressive trade to positional (unless u r a exceptional trader like Ilango.) Bcoz if u consider it positional trade then ur target is 100++ pt and sl too big.
How many trader can say ‘my sl is 20/30(0.6%) and target say 100-300+(2-6%) point confidently’ (with success rate of 6/7/8 out of every 10 trade), then he is more powerful than Jesse Livermore!
And mathematically, he will be WORLD'S FIRST TRILLIONAIRE.
As far as my mathematical research on Nifty:-
Nifty moves in cycles of 0.6% to 0.9% (After that it is next cycle).
NEVER USE STOP LOSS BIGGER THAN THAT UNLESS U HAVE EXPERIENCE (10+yrs) & u r an Elliot wave practitioner like Ilango.
WHEN UR SL IS 20/30 and u do multiple trades based on pivot /ema levels. ur chance of winning increases.
Happy Trading with beloved Ilango.
Trading is just a Game of Mathematics.
There are set ups that work best for you. There are set ups that should be avoided based upon your trading style. And experience teaches you what will work. The good trader exploits these set ups and leaves the others alone. So if in the past twenty percent of your trades were made in poor risk/reward setups then when you gain experience only one/two percent will include poor risk/reward opportunities. This completely changes your trading results.
Happy Trading with beloved Ilango.
Hi Hemanta,
Thank you for detailed reply. Could you be able to post your trades once after you initiate it, I really need a mentor like you until I regain back my confidence and understand all pros and cons. If it is not a problem, plz let me add you to my messenger list, I have a lot to learn from you and our beloved Ilango.
Thanks once again
Hi Hemanta,
If you don't mind, plz write me on its.wizkid(at)gmail(dot)com
Thank you
Hi.. H2O,
Pls don't mind, I don’t want share my email for following reasons (it is for other friends here too). I previously excuse dinesh (but don't able to tell the main reason).
Actual reason is:
1. I m a real time nifty trader & do a lot of aggressive trades usually (may be 10-20 per day). So it is very difficult to share my trades with yahoo messenger. If I wish to do so then, I have to sacrifice my risky aggressive trades. Then,I can do only sure trades (it is only 1/3rd of my total profits).
2. Suppose, I share this types sure trades only (1/3rd ) say for 1 month [skipping my risky aggressive trades and only for charity work], still U’ll not be able to track those trades, bcoz my all trades are based on my solely developed complex mathematical charting software and other TA. So pls d'nt mind.
However, I m here only bcoz of Ilango. I knew all TA except Elliot wave. I have learned the Elliot wave technology from Ilango (using this blog).
I am here only for charity work like him (inspired by him). It is very difficult to post comments to the blog during market hour (as we have to go with character map).
Previously I have considered skipping my risky aggressive trades and sharing my trades for at least 1 or 2 month for all small traders who lost their money heavily.
But, I know the results: after that a large number of traders would be depended on me. They'll demand a regular service at any cost. I m just like Ilango, can’t able to take any money from anyone in advance. So this type service is not for me. I m helpless.
However, in future if it is possible to skip my risky aggressive trades for at least 4 month then I’ll do it for all small Indian traders.
Just follow this blogs, I’ll try to share some high probable trades till dec 25 from tomorrow. Just use triggered SL 20/30(no manual SL). U’ll recover ur lost money. Let see, HOW MUCH MONEY U & bigara (including all friends here) CAN RECOVER.
Happy Trading with beloved Ilango as always.
Thank u Hemantdada for helping small traders.Looking forward for your help.
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