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...
16 comments:
Respected Ilango Sir
If 3 consecutive close below 4803
than next target will be 4670 and 4621
But can u tell me what is importance of 4501 level can
u explain
Bcoz today we have first close below 4803 {june series}
Please !!!!
Every lower number looks like Miss Universe - so beautiful.
May 25, 2010 08:27 AM ET
NEW YORK (Reuters) - Stock index futures fell sharply on Tuesday, tracking a steep sell-off in global equities, on worries over Europe's banking sector and as North Korea ramped up rhetoric against the South.
uh uh uh ... one more nail into
Sir Mail.
Nobody have rights to say to shut their mouths. If
anybody have of their own knowledge they don't need to fear
about other views.We know that CNBC expert all are have
different views we neither say to shut their mouths nor
to bark before CNBC office. I got bitter experience this
my final comment i will not comment to this kind of childish
behaviour attitude.
Few Thoughts
1.Friends are looking for the levels that this fall may come down to.
As for coming two days when May series ends ,we can look for the Rollover and Open Interest data to get some insight.May series started with an Open Interest of 2.43 Cr.,till date June series has an O.I. build up of 1.87 Cr., so even for an average rollover, around 60 lac Nifty Futures have to be rolled over in June series. So though the max. pain has been inflicted still some has to come .Keeping an eye on this figure can give u reqd. levels in correlation with TA to maximize the gains.Still 2.37 Cr. is the O.I. figure for May series.How many longs are still there is anybody’s guess but we can say that-
“Picture abhi baki hai mere dost ”.
Remember-
Support logic does not work in panic conditions. When there is stampede - people look for exit doors and not for entry doors.
2.Dear Mok had send me a file on Dow theory, its opening lines are-
“A trend should be assumed to continue in effect until such time as its reversal has
been definitely signaled”.- The Dow Theory
Friends looking for entering on the long side positionally should keep these time tested words in mind and sit patiently.(also pl. read the “Caution “part of my Weekend Analysis,its on the same lines).
Dear All
A few good reads...for the ones who prefer to do something else besides watching the DOW!!!
Lessons for the Apprenticed Investor (all in one link);
http://www.ritholtz.com/blog/2010/05/lessons-for-the-apprenticed-investor3/
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Hope it will be useful.....
Regards
thanks sir,
the channel is one we watch ...
now 4910 4925 and 4675 ...
the rug is getting pulled systematically
Dear Ilango sir:
Thanks for maintaining the cool amoung us trying to take lONG position and firing you with questions to do or not to do..
Thanks for reminding and showing the bigger picture of Trend is friend..
I will just keep refresing the page for your comments/advice to cover shorts or what ever and do nothing stupidily intelligent from my side..
@Aarvee.. can't end this msgs without appreciating your yesterday's message to fellow blogmates about.. picture abhi bhaki dosth when all others are expecting a UP markets..
keep it coming mate..
SIL
There is some positive divergence ... I'm wondering if settlement take it up again. It's just 2 days away.
'will take it up again'*
The positive divergence in rsi and macd may not amount to anything, but just to keep it in mind.:)
AAR VEE your shot is 'BINGO ' as usual
there is no settlement from 26th to 31st!
could the think tanks of this lovely forum,throw some light?
Kudos Illango Ji,
and team , for nurturing and culturing such a wonderful team.
aye
Ranga
it appears to me that very short term trend may be up as Yoda has expressed. we may see a pull back within a few hours for may be a few hours. But beyond that TA is supreme and it seems to me all are correct in different time frame. Only trading point of view, at times I confuse myself with time frame and go ahead of the market and do not wait for the market to catch me. I learn a lot from this high tech school from so many good ones, but need to improve myself in tackling emotion. in stead of surrendering to emotion, i have to surrender to the market. Market is ready to give me more, but i have to prepare myself to take more! :)
Dear amol007,
Your astrological views are well come.Is there any change in coming days? i.e. up to expiry?Pl.throw some light.Thanks.
mynac my astro-view is no long upto 1st week of june . Short positions should be covered on expiry day or rolled over upto 1st week of june
Dear amol007,
Thanks.
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