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...
82 comments:
viren,
the max volume remains at 5222 & 5224.
Can you plz enhance us ...
Thanks.
:)
thanks, sir
Dear Ilango Sir,
shall I wait for 5191 to cover NF short initiated at 5255.
Thanks
@ Prabhakar,
"Trading range" continues due to settlement covering. So you take some profits now & then.
Firm sell signal is yet to emerge.
Alternatively, you can hold the short with the SL for the T.A to break down and get closer to 5190 or 5170..
Rajagopal said...
Thank u RV - well received.
===
God continues :
1.In market, always trust your beliefs - but your beleif in me is your greatest asset.
2.Market has nothing against you : But I am always FOR yo.
3.Just when you think you have the keys to the market, some demon will change the locks - But you don't worry. I will be there is disguise to demolish the Demon and get the key for you.
@RG
GOD further continues--
and let no Man think that I am different from the Market.Have same faith in Market as do in Me.For I speak from different metaphors,listen to them carefully and U will be rewarded.
Ilango sir, wht will be firm sell signal? Break of 5170? or closing below day low ema?
Thanks
That is some conversation....like the one in Bhagawad Gita...God talks to Arjuna..
and here to RV & RG..
RV
pearls of wisdom ...
will have to come back to these pages in the evening to harvest them into a doc file.
:)
Thank you Mr.Ilango Sir
@ilango sir,
pre-market view and VAH&VAL helped me to cover my shorts @5220 (initiated at 5257) and enter into longs@5215..
thanks to you and viren
planning to book longs at 5235-5240 and re-enter shorts
reposting
--------------------------------------------
thank u sir. actually at times i dont understnd ur posts completely i save them for later reading ( i read it over weekends). i'll save this one too(i think i have understood this, time will only tell wats the truth).
i read in pring that divergence is cloud and cloudy weather can last for lot of time without raining. so we combine ema (rains)with it for reversals.instead of ema i was thinking of using sar for entry.
market gives a divergence ( negative today)in 5 min. pls point out if u r not able to spot.. price moved up and sar gave a buy. i took a long at nf 5226. sl day's low.
the divergence cud have continued market keep on falling. whan sar gives buy i enter.
will it be a fair strategy ur intra sell was also some distance away.
Yeah GOD kaun hai?????
REPOSTING FOR THE BENIFIT OF ALL
aarvee9 said...
GOD might be saying" Blessed are those who are hedged,for they trouble me less"
Rajagopal said...
Thank you God for the good Trade.
God : Its ok Son. My job is to help. I am happy you are smart to bother me to make money instead of losing yours seeking knowledge. May it not be your Option. R V in sync in thought?
Yes my God.
God : Thank you Son. This seems to be a nice business than going in disguise to demolish demons. Don’t Mok at me. Seriously, even my Sri may also like the extra money. Will tell the Prince(=Ilango) to arrange for some more capital for you, on my behalf.
aarvee9 said...
@RG
GOD: since i am quite busy with some FII's,who have bigger problems than u all ,take some quick advice
1.In market, always trust your beliefs and be hedged against them too because u do not trade markets,u trade your beliefs about the market .
2.Market has nothing against you. Market is very fair and it behaves in the same way for everyone.
3.Just when you think you have the keys to the market, some demon will change the locks
Rajagopal said...
Thank u RV - well received.
===
God continues :
1.In market, always trust your beliefs - but your beleif in me is your greatest asset.
2.Market has nothing against you : But I am always FOR yo.
3.Just when you think you have the keys to the market, some demon will change the locks - But you don't worry. I will be there is disguise to demolish the Demon and get the key for you
aarvee9 said...
@RG
GOD further continues--
and let no Man think that I am different from the Market.Have same faith in Market as do in Me.For I speak from different metaphors,listen to them carefully and U will be rewarded.
@ aarvee
Good Summation - as usual :) :)
Anandan R aase gayab hoa, ki jaise gadhe ke siir se singh
and I saved it as aarvee9s Pearls of Wisdom
....
RV:GOD further continues--
and let no Man think that I am different from the Market.Have same faith in Market as do in Me.For I speak from different metaphors,listen to them carefully and U will be rewarded.
God "and Son this is another way of putting 1.In market, always trust your beliefs - but your beleif in me is your greatest asset". I am everything. Karmanyae Vasudevaha. I am the Karma, I am the Kriya, I am the Destroyer and I am the Destroyed. I am Sarvavyapi - so I am Market also. Listen to the wise. Act with conviction but buzz me for help or hedging.
@ piyush,
actually you & satheesh understand sir's writing better.
most of the time, you are the first to locate a divergence,
and seeing your post i used to notice it
:)
CAPITL MARKET AND THE PATH TO NIRVANA
-------------------------------------
-------------------------------------
By Manish Chokhani CEO ENAM SEC
The sentiment readers associated with the capital markets are greed,fear,loathing,envy and jealousy.If we step back and view the market as a metaphor for life,our approach may be different.Market is the best place to test oneself and prepare for the very purpose of life---self realisation and discovering the infinite within.
Indian scriptures speak us of being sent into the world to be schooled by life and learn its lessons.Our choices and responses in this lifetime determine whether we advance further.Those who invest in Capital Markets are similarily tested and measured on a continous and real time basis.However unlike other slower moving professions people here are faced with a fast paced lab where periods of stess bring out spritual realisations that include
gratitude,conciosness,detachment,renunciation,humility,self-awareness,equanimity and selfless service.
1. Gratitude: Capital Market is a place where financial rewards are completely out of proportion with skill set and effort.Thus in the market,the fortunate have a sense of gratitude for what they have received---a chance to work with and invest in the enterprises created by some of the finest minds in their generation.These winners seek to hone their abilities to stay deserving of this good fortune,rather than constantly shop around to maximise their immediate gains.
2. Conciousness: The market is a place where the spritual ideal of complete awareness and conciousness gets honed to the utmost. Investors encounter external factors that affect local stock prices.This conciousness is the first step towards realising the basic reality and oneness prevading our universe.The fact that events,economies,companies and investors are all connected is inescapable.
3. Detachment:As one moves up the wisdom curve,detachment emerges.As one realises that desires does not equal outcomes,acceptance of the reality of the ‘here and now’emerges.An impulse arises,matures,fades and then arises elsewhere.This applies to events,to markets, to companies and to economies.The realisation that ‘this too shall pass’allows detachment.Investors are fortunate in the sense that they can ‘let go’ without emotional attachment to businesses or assets they invest in.There are no permanent friends and foes or blue chips and dogs in the market.
4. Humility:One realises that the doers are the entreprenuers. Investors rewards are a function of many external factors and that any egoistic pretnsions of being a winner are delusional.
5. The ideal of self awareness gets realised as one begins to play to ones strenths and builds a cirle of competence and an equnamious temperament that is not swayed by events personalities,emotion or ego.Only when one learns to remain calm and composed under all sets of circumstances does the real winners--- an equanimous remprament emerges.This temprament is not captive to IQ, luck,desire or need.It is shaped by ideals and a passion to stay ahead in one’s chosen vocation.The concept of detached passion and deserving destiny becomes real.
6. At the zenith of this path ,winners are overcome with the wisdom that the real purpose of life is to achieve oneness with the world.This wisdom allows one to give back in untold measure---selflessly.This is manifested in many forms.Some teach,many start seeding deserving entrepreneurs while some move on to philinthrophy.
My conclusion:
Visiting this blog and seeing the interactions of various participants the above article does have a lot of merit into it. Dear Ilango has reached the final stage of spritual evolution wherein he is giving back to society selflessly with his teachings and guidence.
Best to all in this journey called LIFE.
Mok,
5227 is the developing POC in my chart.It represents area of highest activity hence good to keep stops etc.
TSrini,
I use esignal for my feed. www.esignal.com.
@GOD
GOD rectifies and improvies further---
because u are not in Treta but in Kalyug,add to my old advice--
Listen to the wise.:"Believe nothing just because a so-called wise person said it. Believe nothing just because someone else believes it.
Act with conviction:"You cannot control the market. But you can control your actions"
buzz me for help or hedging:"any one can be wrong at any point of time,so hedge my son,It’s better to be wrong than wrong and stupid.”
Viren
therefore, can we assume 5227 may be the center of gravity ?
@ manojag,
"this too shall pass"
"let go"
applied to many of us till 2009march
Good one...
Hey, wots happening !
Fantastic writeups coming on ...
Vah Mano. Thanks. Words from someone who has seen it all.
===
Dear Mok - these is a mail.
Ilango sir - spiritual father!!!! for so many of us !!! thank you sir!!!
Dear Rajagopal sir,
"tata motors aims debt reduction to convert usd 431 mn bonds to shares" this quate may change any impact in tatamotors please give me your comment
@ mok
2009 march??? it applies to me now in 2010 march also!!!
"EDUVUM KADANDHU POGUM" "THIS SHALL ALSO PASS"
and Stupid you will be Son, if you don't buzz me for help...since you have not learnt to hedge. And remember I am beyond all "Yug".
I believe 1.00 pm close will be below low ema..
@raja sir, what is your Tuesday principle..kashmir or kanyakumari?? just a curiosity?
@ satheesh
well said.
I meant when we landed on 200ema, and bought to average, only to keep sliding till 2550, when someone said --- 1660 doomsday
and others made us liquidate to buy back low after election, which never happened....
anyway, they say 95% of us lose to 5% gainers ...
BTW,
I am compiling an article on "Spiritual Trading":
LIFE and MARKETS-How do become a GOOD TRADER while becoming a GOOD HUMAN
@ Rv,RG and manojag, it's nice articles.
@assortZ
kanyakumari is very near to @Raj, to ask for srilanka atleast :)
Mok - You made it scarry. I only read 80% winners and 20% Losers - Is the ration so bad?
Guppy pls.
=====
assortZ : My 2.30 Tues must be a take off. Will keep fingers crossed.
====
ST : will try to understand. As Ilango says all is in the PRICE only. News is song and dance.
@RG
---------------------------------
and Stupid you will be Son, if you don't buzz me for help...since you have not learnt to hedge. And remember I am beyond all "Yug".
-----------------------------------
Son I had therefore to remove knowledge, in order to make room for belief….
and remember that markets are learned backwards(in treta) but traded forwards(kalyuga).
RV9:
LIFE and MARKETS-How do become a GOOD TRADER while becoming a GOOD HUMAN
Request (or you meant) "while being a GOOD HUMAN"
what will god do for ppl like me who dont touch options b cos not i dont understand them yet. we only have stop loss and god as ultimate hedger........
my trade stopped.............
I booked NF short at 5212. Thank you Mr.Ilango Sir for your Analysis.
and remember that markets are learned backwards(in treta) but traded forwards(kalyuga).(Lovely)
And Son since I am beyond all YUG - you are looking through your room's(present) single window that shows the past and future.
And Beleif Son, is a product of Knowledge or ignorance - but beleif in me is the Ultimate Knowledge.
Piyush - may be in couple of months we will have a decent working knowledge of it from God,RV9,Ilango,Viren and other Option and Optional experts.
Must learn it. It will help more turn over with present capital - but very high risk reward ratio.
sir
what piyush is saying is right..
u plz make a link and put rv,mok,mynac and all contributions 2wrds leaning options...all the post by memebers on options can be cut copy thr..and most imp ur analysis on it:)
Ilango sir, first time i m trying to trade my conservative shorts. I exited @5205 NF. Now i m ready to short again near 5235-40.Plz tell sud i enter shorts again if 5190 broken on downside?
@ aarvee -
your example could have been a much better one !!! not worth the enlightened exchanges till now. I am sorry to say so
Aarvee 9,
The joke is in bad taste.
Psalm 129 does not say anything like that.
Please delete the content as it is inappropriate towards a religion and fellow members of this forum.
RV9 - (in the seriousness of the duel,I lost my humour). The poor father neither had knowledge nor backed his natural instinct.
Game,Set and Match to RV.
@ sateesh@viren
comeup with more .i want to listen it.
Dear Rajagopal,
This is Dear manu's greatness,but my name should be added in optional list ( Because) it will be never required.My humble request.
got the msg rv. will learn it .
however my undrestanding is that using stops can decrease the necessity of hedging to great extent.
views invited
@aarvee,
Some things are better understood without saying anything!!!!
Sorry Viren and Friends. As a religious church goer I feel the humour only. Certainly RV meant no offence.
I will be at Shrine Velankanni for the week end. Will think of you.
What do you want me to come up with Aarvee9?
ilango sir,
is nifty gaining support from its day low ema 5194?? can we cover the intraday short or trail SL?
Dear Mynac - no way mate. You are part of the Core Group. The optional ones are the flying visitors.
Please help us up the curve on Option front.
@ viren
with more hate and "religious sentiments " hurt business
@mynac
ur inputs actually whn most required..frm last 8 months i m witnesng it..a mathew hayden mangoose stroke always ..sir/all must coincide with my view:)
23rd march 1931 in the morng time legendar BHAGATH SINGH, RAJGURU,SUKHDEV Were hanged to death for our nation. But today we dont even remenber their names we only celebrate chocolate day, Valentine Day ETC............ Atleast u can pass this message to every indian and salute thier sacrifice \" JAI HIND\"
Rajagopal sir,
i am long in tata motors i don know about tata motors tecnical trent pls suggest me
There is no hate RV9.
Obviously you don't know psalm 129, so I pointed it out to you.
Besides this is not just a male dominated forum for us to be cracking such jokes.
@ viren
i am waiting--------
Dear manu,
Thanks a lot.I feel great in between these hot discussions.It's like market,where unexpected is always expected.So never bothers me.
@ viren
religion ,gender-----
good
caste,sub castes---following
Ilango sir where to re-enter conservative shorts?
Thanks
Ilango sir, nowadays, this blog contains more unnecessary unmarket related comments from visitors.
it becomes difficult to search ilango sir's comments.
something has to be done, otherwise we have to just refer your Tech Table only & vanish.
RV9,Viren - please let it pass.PLEASE.
========
Rahul - Thank you. Salues to the Patriots. Atleast my daily calender printed it in "event of the day" col.
@ Bizagra,
Enter it around 5225-35 and this time keep 5250 as a SL.
@RG
Thank u for coming to help for this mortal,WITH YOUR SENSE OF HUMOUR INTACT.
since i am hedged ,i wish to take a "swing trade".
@ Rahul,
thanks for reminding the great heros. All Indians ought to salute them. - JAI HIND.
No RV9 - not any help. Just part "our" discussion. Ok - we will respect more sensitive friends also. Viren sent another message which is universal.
Dear Mok highlighted it in an earlier exchange.
hi all here
i am very very upset that due to some urgency in office , i cudnt cover my nifty short of yesterday ...below 5200 , and not its 20 poits up near my cost only. Illango sir and all pl. advise that , will we see those lows again or i should get exit here...if you see some reversal for up
pl. respond soon...as i would be waiting for the replies and act on that on time
regards
vikram
ST - you convinced me on a Short. Now you are Long. Will not venture with a comment. You are not Small Trader - You are a Smart Trader. Want me to reverse Short?
Humour
From Wikipedia, the free encyclopedia
Though ultimately decided by personal taste, the extent to which an individual will find something humorous depends upon a host of variables, including geographical location, culture, maturity, level of education, intelligence and context.
Manu - Is LITL part of the Beta? Any guidance?
@viren
---------------------------------------------
Though ultimately decided by personal taste, the extent to which an individual will find something humorous depends upon a host of variables, including geographical location, culture, maturity, level of education, intelligence and context.
------------------------------------------------
so appropriate for u ,thanks for searching deeper.i couldnt have put it better for youe sake
திà®°ுக்குறள் -> பொà®°ுட்பால் -> à®…à®®ைச்சியல் -> அவை à®…à®±ிதல்
717 - கற்றறிந்தாà®°் கல்வி விளங்குà®®் கசடறச்
சொà®±்à®±ெà®°ிதல் à®®ுன்னர் இழுக்கு.
à®®ாசற்à®± சொà®±்களைத் தேà®°்ந்தெடுத்து உரை நிகழ்த்துவோà®°ிடமே அவர் கற்à®±ுத் தேà®°்ந்த கல்வியின் பெà®°ுà®®ை விளங்குà®®்.
So, rajagopal sir this is what I expected from RV
= = = = == = = == = = =
NEW POST DONE
= = = == = == = == = = =
@ Vikram,
Corrections are difficult to figure it out. I am looking for 5140-5170..
Market holiday tomorrow..
If closes below 5ema,(5215) continue to hold.
Thirukural -> Part Two - Wealth -> Ministers of state -> The Knowledge of the Council Chamber
717 - The learning of the learned sage shines bright
To those whose faultless skill can value it aright.
The learning of those who have read and understood (much) will shine in the assembly of those who faultlessly examine (the nature of) words.
DEAR rajagopal sir,
I AM REALLY SORRY SIR ,today i didnt do any short yesterday only i did it ...and also i posted this quote and your suggetion
("tata motors aims debt reduction to convert usd 431 mn bonds to shares" this quate may change any impact in tatamotors please give me your comment) After this post only i went wrong dont hurt me to say smart trader please i am really small trader
No my friend it is for you...
Hope you have your facts right next time.
Copy/pasting a joke is easy.Research is difficult.
5220 long covered at 5225 and shorted at 5225..if today's close is below 5220..going to carry shorts
Dear Rajagopal sir,
A single word reply should be highly appriciated about my explanation
Raja sirji..have seen many TA..but your TA very simple and easy to follow :). if someone wants to scalping, can SIT TIGHT doing nothing till 2.30 and execute trade for just 15-20 points profit..today your “Tuesday take-off” so far so good..but am with “shorts” :)
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