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...
80 comments:
Dear Mok - Mail.
திருக்குறள் -> பொருட்பால் -> அமைச்சியல் -> அவை அறிதல்
717 - கற்றறிந்தார் கல்வி விளங்கும் கசடறச்
சொற்றெரிதல் முன்னர் இழுக்கு.
மாசற்ற சொற்களைத் தேர்ந்தெடுத்து உரை நிகழ்த்துவோரிடமே அவர் கற்றுத் தேர்ந்த கல்வியின் பெருமை விளங்கும்.
So, rajagopal sir this is what I expected from RV
@Raj
your 2:30 started working now itself:)
There was +ve div in 5 minute chart and Nifty is reversing from day low ema..
Take action accordingly.
I will upload the chart.
babu,
there r lots of intricacies of 2-30 theory. i guess it doesnt start early
Illango sir
many many thanx for your reply sir
you are like god for my type of traders, HATS OFF to you
sir i am holding short and will exit if SL hit @5250
but looking at expiry very close , some tension will be definately there....anyway lets hope for good
regards
vikram
Satheesh - kindly let it pass. Neither RV nor me are evidently less in our love and respect for God and religion. It was a joke. But as Viren has pointed out in the reprodcued definition, levels of acceptance will vary.
@raja
u cn refer this http://www.investopedia.com/terms/b/beta.asp
litil is not in beta 1..i hv a different concept u cn name indian beta..i look upon highly traded stocks..news effect beta pricing but news does nt make beta:)
if u remebr i posted hr whn ifci,rnrl,uni,ispat and renuka will cm in best 5 thn it is sep 2007 ..think so suzlon replacing rnrl..rest back on track..
hope u got my point BETA
Thanks Manu.
@ viren
thanks for pointing out "humour" wiki to me. hope u had applied the knowledge of your "research" to yourself first.
i didnt take the credit of the joke,i cut and pasted it ,like u do for your market profile
yes rajagopal sir. I will definetely oblige you
RV9 - please. Whoever enjoyed it enjoyed it. Whoever felt otherwise expressed about it. The page has turned. Let us look forward. It was a well circulated quote - read years back (in Reader's Digest,I think).
@sateesh
wll try and answer about your expectations from me if u posted that in some language as say english.
ilango sir,
just for confirmation - the conservative short is still intact with the same SL?
@ aarvee9,
Rajagopal is right in saying that this joke featured in "Reader's Digest".
However, we just want to respect other's sentiments. You have done nothing wrong. But letting it pass immediately will do wonders.
Everyone here benefits from yours & Viren's exchanges..Should we alter that...!
@ RV,
i have posted the same "Thirukural" in English also in the previous post. As Rajagopal sir pointed out - no hard feelings!!!
Aarvee9,
I am leaving this forum here and now.
Don't want to be associated with disgusting people like your-self...
Bye to all..
@ Ilango sir,
Thanks for your views that i have done nothing wrong.
I fully understand why people target particular person in some or other pretex.I let it pass as human nature.
@ Satheesh,
As it was a "mild sell", we are trading the position.
Accordingly, a long after +ve div. done which can be closed at the end of the day or carried forward if it closes above 5 sma @ 5235.
Ilango Sir,
Can we consider any short here?(POC) sl VAH?
@ Viren,
You have been one of the most sensible person here with amazing focus on the markets. Should you get distracted this way..?
Let it pass. Don't you think, collectively the result that comes out benefits "So many"...Should they suffer..
We can have disagreements on so many issues..And we also have a choice to withdraw ourselves from disturbing exchanges.
I hope you can understand my sentiments on this..
@viren
don't give up on "disgusting" people like me so early.
u have lot to hear my dear
17495 is the value of sensex for this hour for a trend line connecting yesterday's high and today's high.One needs to be on guard at that level.
best
sir
hw r u so selfless?
@viren pa ji
tusi na jao:(
@ Babu,
That was a +ve div. in 5-minute time frame. If you sell here, the SL should be NF 5250, a 7 point above VAH 5243.
In 45 minutes so many things can happen..
This corrective channel has a resistance @ 5235NS.
If it clears that, it can go higher to the next 5255..
@Viren
Why matured ppl like you take it personal yaar. If we say some thing 100’s people will be there to think differently.
Ahh..Manoj,
Sensex..would give more appropriate resistance line. Thank you.
thanks sir, not taken any shorts. Just holding remaining 75%..
Ilango sir, wht i understand for conservatives is ,our SL is 5250 now. If it closes below 5215 day low ema, good for shorts. Conservatives are carrying shorts if sl not hit.
I m right Ilango sir, anything to add??
RV9 - God can play also?He created a scene here. Wish you will say "Hi Viren. Just a joke.Ignore if you don't like". Imagine so many envious ones waiting for a family break up?
Ilango sir this SL 5250 is NF???
Viren,
Story from Buddhism:
When Lord Buddha went seeking alms, one lady screamed at him all bad words - buddha left quietly but all his disciples were raging with anger. Buddha replied - I did not take those words (as alms) b'coz I choose not to. only if I accept all what she said is true I must get angry.
so,Unless we accept all good/bad - it will not affect us in our duty. So, hopefully just let it pass as difference of opinion is universal.
one cannot expect all to think in same line and length.
@ RG
U can go through the past posts and see what he try to did ,i just tried to let it go softly but personal accusitions like "disgusting" and all are not done.
ragagopal Sir,
canwe go long in Renuka sugars ???????????
yes..bizagra,
A 3.00PM close above 5228 will bring in some hourly momentum..
Today's Day high ema is @ 5240...it could change a bit if new high is made..
Dear Mano - Is it Resistance you are pointing out as Ilango observes? Is there hope for the shorts to be nurtured?
Also is inclusion and exclusion of a stock in Sensex (Sunpharma Vs.Cipla) have any individual effect on the stock? Momentary may be!!!
Dear Viren,
We all love you."Love" always gives the respect.Thanks.
@ RG,
I am also ready to quit the blog and never comment on it.i share my jokes with people like for others i cant help about others.
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” :)
viren sir,
at the end of day it was just a joke. u r right if u say few may not like it. but just consider this, isnt ur anger and ur actions disproportnate to what has happened.
When we send a letter to some one and he does not accepts it then it goes back to the sender as undelivered/refused. Similarily bad words not taken returns to the sender. Guys just focus on what Ilango has to say as thats why we are here. FOCUS is the key. Leave all else as secondary.Keep picking Ilango's brain with your genuine queries and keep learning in the process. Don't let your Ego come into play although it is easily said than done. These kind of brawls are not new and has happened since time immorial in the Gurukuls of yesteryears. FOCUS is the Key.
Best
RV9 - which two have not fought worser than us mate? One person's tolerance is two person's friendship (very loose translation). We both took it afresh.
===
The word used was an environment. I can only advise my younger brother to say Sorry and have the friend-ship sailing. All disliked words,comments to be filed out.
I love you Bro.
Sir,
Secound time i am trying my luck with Unitech NF@72.45
Sir,
today's premkt view is totally confusing for me.
1. First time i am seeing Trade given for conservative posn. so does it mean cover short at 5190/5205, then go long. Finally sell long at 5245 area and again short. Is my understanding correct?
2. Because i am seeing first time trade for conservitive pons, i mixe4 it up for aggressive trade. so i did not cover short at mkt low. Sir, after TRADE --5190/5205, ETC ETC, Aggressive was written so I totally mixed it as Aggressive.
Just for safety, next time sir, when conservative trade is given can you write CONSERVATIVE TRADE -- 5190/5205 ETC ETC instead of simply saying Trade.
After reading reply for satheesh,I covered half posn at 5242 (5 pt loss). Only have 1 posn Short with avg of 5237.
RG
Its a resistance and should give us early warning on our shorts.
Changing sensex components with such a small weightage should not effect it.
@Viren and aarvee9,
As i said earlier no hardfeelings. Difference of opinion is universal. I treat this blog as a place of learning - a school - an online gurukulam which is unique in a way that teachers can become students (Ilango sir's acceptance that he is new to market profile) and vice-versa. Learning knows no bounds.
so in such a place - in principle i cannot stand "odd jokes" - which personally I feel will reduce the sanctity.
So I request on behalf of all blogmates both of you please continue your service.
@ RG
now if u like i can say sorry.
dear Illango sir ,
if we do not close above 5 ema...can we carry our nifty shorts sir
sir wots you vew on the range level at which it is going to expire
pl. advise
regards
vikra
Rajagopal ji, Today I tried to implement your P2P technique. I have a few questions.Would be grateful if you could answer.
When markets are moving fast do you have an order in place at your target/stop zone or do you wait and see how market responds to that price level and then take the action accordingly?
I hope the question was relevant..
Ilango sir, thanq for ur levels. I was holding nifty futures short at 5255 which i exited at 5000 today, entered long at 5195 & exited at 5232 - all march series.
Then again entered April series short at 5247 & holding now for your nifty spot level of 5140-5170.
let us see how this last trade works.
You need courage to say Sorry - Gandhiji.
One request and advise dear brother. An angry moment ofter does what we can't repent for years. Never retaliate with words and deeds when you are too angry or too happy. One advise,when angry think you are talking to your Father. Your words will be different.
Wish this NAZAR BATTU will vanish today. Say "Sorry Viren and add FROM THE HEART"
Ilango sir, i hope conservatives are carrying shorts??
Sorry, exited 5255 short at 5200 and not 5000.
Dangi - Since two trades are concurrent one conservative and one P2P - I am strict with my 12 pts with my P2P trades. Just place the covering buy/sell at 12-14 points fixed,once the original trade is through.
respected illango ji and others
pl. reply...that can we carryover shorts
waiting for response ...pleaseeee
regards
vikram
Babu Sir,
You are having NF shorts in March or April?
March... will convert tomorrow, but all stocks short in April.. coz targets are more
expiry will be in the range 5240 to 5275 i guess :(
bought march 5200 call @37 and 5200 put @13 to carry forward for gap-up/down.
Ilango sir..
As usual..can we have your 3.20 one liner pls..it is badly required due to holiday tmw..my raw understanding for shorts is…we can carry them as long as it not closes above 5235..but can we still carry them though it will not close below 5215?
@Prabhakar,
Wow, i moved to few to april nf@5241
@Prabhakar
Thanks.. i moved coz of premium
Babu - Moved - how is it done please? Please advise.
@babu ji
if you want to convert it later , convert it now and peep that premium in you kitty
regards
vikram
aarvee9
ur a ego person. ur words are wounding others. what ever u want to tell, tell that in ur blog and not here.
Babu - Unitech Long or Short?
@Raj
Reached Chennai from Pune:)
Ilango Sir.
Can I carry Shorts in NF initiated at 5255
Thanks
@Raj
I have short @74.60 .. carrying, Just tried Sir's call 2 times. made 1.80 rs
Still steam left.will try to find out day after tomorrow. Thanks.
Ilango Sir.
Can I carry Shorts in NF initiated at 5255
Thanks
@Raja
Anything wrong i am doing wrong about Unitech? Unitech, suzlon and Tata Motors short calls given by my broker. I don't mix up with calls. I trade This blog calls in Sharekhan and broker calls in Kotak and geiogit :)
Babu - You are perfect with all three Shorts.
I need some explanation on "Moving" (do u mean roll-over or any other technique?).
Please put a few words to lvaadhoc@gmail.com
dear rajgopal
sorry if i am bothering u too much
and perhaps i hav missed ur reply, if u did reply, for my yesterdays query, so posting it again
what do u think about my infosys long @ 2744, mcdowells long @ 1470, bharti long @ 292 hedged my reliance 1050 march put, and a mini short@ 5262, kindly answer asap, thanks
Bye All.
Bye RV,Viren (& Mok-the golden words be the witness) till I say Hi which will be after seeing your postings.
Rochak - Friend I responded already. My trades are not longer than my Nose. I don't have a "Term view" of the market. I prepare for my "Day Trade" and the "Expiry Label" is bit flexible.
@babu,
Pls send me a copy when you write to mr.raja on rollover
@all
Speech is silver, silence is golden?...may be that's why more people silently follow this blog than active members...(Prosenjit are you smiling?)
I just logged in to see the conversations of the day...read it two times but still cant figure what caused the problem...may be that particular comment was deleted..I think it was related to religion and caused problem between Viren and aarvee..
Religion and Politics has always divided people (just my opinion...I stay away from both)
Mix religion with politics you get TERRORISM
As trader and sane humans..we should shun religion and politics and adopt Psychology ,money management and position sizing(comment by live nifty) as a "new way of life to nirvana"
@Aarvee and Viren
I am worried not because of comments (I cant figure out what happened)..but it tells me that even veteran traders like you guys still are emotional...that will affect trading as well..I feel trading makes us less emotional over period of time...only thing that should bother us, should be our stop loss nothing else in life
@manu bhai
You always say "tussi na jao" to everyone who tells us that they want to leave...
What is the "success ratio" of this statement(I hope this is not a high beta statement!!)..I would like to adopt it as my strategy to stop people from leaving the guruKOOL
Cheers to universal brotherhood
@Raja......
aioo, aioo you are thinking too much about me:) that much seen is not there with me. Just its 12 points more premium while comparing with march, thats why i did 'roll over'. I don't like to call it as roll-over coz its nothing but 2 trades
@rv
my opinion ( if u care about) ur post about viren sir does not do any good to anybody. u have to acknowledge that viren sir is a sensible, knowledgeable and a well mannered person and never has he made personal comments.
i feel ur comments were very harsh.
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when we fight our behaviour shud be such that if we ever become friends again we shudnt be ashamed if it.
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