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...
19 comments:
Hi all
Keep calculating Trailing stop loss for Nifty futures as follows
low + 80 = Conservative Stop
so now it comes to 4964+80= 5044
So SAR now is 5044 for conservative shorts
http://financeandtradingmadeeasy.blogspot.com/
GM. to all.
Net problems at home.
Just post the Pre-Market view after the market has opened.
This trendline break is quite a serious one. Do not take it lightly. Just remind yourself...the trend is down. Let us see how the 4944, the last pivot low holds..Then we will review it..One round os profit booking may happen there..Let us look for + ve div to develop..many hours away..
Hi, Guys, Nifty Oversold.. BUY around 5000, and also following for very short term..
You can see IDEA up move.. BUY Suzlon, Unitech. ONGC, IFCI, SBI..
This is for Intraday and for Monday.., Wish you all the best.. Anandan.R
Dear Anandan,
I have added BHARTI@317.05 today along with IDEA futures and added one IDEA 57.5PA@1.10 towards hedge for my idea futures..
Can i place SL 314.5 for my BHARTI LONG?
Thanks,
Ramesh.
Dear Ilango,
Good Morning. Holding my Short (greedy part).
Regards,
S Rajagopal
Hi, Ramsfm, Exit Bharthi even you see small profit.. because results may give down move..for IDEA.. Book profits and exit.. thanks Ananan.R
Hi..Rajagopal,
You call it anything.."Patience pays" and hence "Greed is good". :)
Thanks anandan booked Bharti@323 and holding IDEA@57.10 and one 57.5PA.. WIll exit thses also with suitable price soon.
gm everybody,
feeling good after long time. is it time to buy call your suggestion will highly appreciated
regards
Hi, Guys, Suzlon and Unitech gone up by Rs.2 to 3.. after my postings, you can see Because of Oversold.. status.. : such market conditions when ever you see profits BOOK. thanks Anandan.R
Lakshmi is with Rajagopal.
Regards
Hi, Nifty Oversold.. Pl. don't short.. you will be get stuck at this level..& Force you to cover your shorts with loss..
Suggested to go Long.. or BUY 5000 Call of Jan.. or 5100 Call of Feb..
thanks Anandan.R
"Profit Booking" is on while majority was waiting for the 4944.
Tech.Table updated in a new post.
Hii Ilango sir, i booked my shorts @4990. Now sud i wait for a bounce of 50-60 points to re-enter? can i go short again if 4944 breaks.plz suggest.
sir, i took longs nf 4950 ..
nw whr shld i book or wait fr nifty 2 move abv 5145..(positional)..
Dear Ilango - I am a born again TA follower. Just 2 sentences brought me to this site. 1. by Mr Livermore on the right and 2."don't boast about your profits. Wait for the windfalls"-Ilango.
To be honest, I committed the blunder of an "anti trend-blind short" (in many counters) and you were the only one who was predicting the Technical feasibility of a downward movement. It is my good time - that my mistake is paying me instead of me paying for my mistake. Won't stretch or test my luck again.(I must have made all the Gods to play the "bears" yesterday).
Thank you once again.
--------------
U.K Raj - Yes. Lakshmi is with me. 100% of financial decisions in the family are taken by her - I concede that and god's grace the reasons for my family's status today. I am one of the men who ADMIRE their wife for aggression
backed by prudence. Only with her approval and support I came to this market after 17 years of ogling. I know she speaks to each of the 3 brokers once a month atleast and obtains a first hand report of my trading.
Warm regards,
S Rajagopal
I have shorted nifty @5224 wilth stop and reverse @5310 .still holding as i think this fall is different from the previous falls.
thanks
Ashraf
Possibility of retesting 5100 increased....
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