Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
51 comments:
Ilango sir, i hope conservatives still having sl 5025??
Thanks
Aban started moving with the flock. Once it reaches 880-900 we may get the "googly" news.
@RG,
Chota bhai wanted to buy Airlines but the king of good times pipped him to it. The captain did not disappoint Bada Bhai and has given him good stake in cargo business. This will help backward integration with retail.
So better chota bhai ask for and get the Indian Party League ... oops i mean the mumbai indians. Reliance retail best when with bada bhai.
hi
rg sir
shr - how can badi bahu digest chotti chatting with Sachin? (it is her team). If that is the alternative, may be the captain can land in ADAG airport.
RG - yes, mysterious are the ways. Apparently she was keen on the reconciliation.
....Testing....
some one has to uplift the BADI BAHU ...ROTFLAMO..
go short in NF with SAR 5060...
DEAR RG SIR AFTER TWO WEEK
TICSCO&TELCO RESULTS 26&27 RESPECTIVELY CAN WE
TAKE CALL IN THIS PLEASE UR VIEWS
@ bizagra,
Hourly is Overbought.
Resistances is @ 5020 +/- 10-15pts.
During this retracement towards 4940-4965 area, you may exit your shorts.
As long as Nifty does not trade firmly above 5070, another big downside possibility exists after few days. So we watch this rally for strength and depth in terms of volume & breadth to take further action.
As a very short term trader, since a close above "Day Low ema", shorts were reduced.
THANKS ILANGO SIR
Nifty needs consolidation and might be another leg upto 5056, to develop negative divergence for selling.
or will fall if moves below 4984...
21hr. High - 5012
Ilango sir i exited @ break of 5025 NS.Now will take new trade with u.
Thanks
Hi Rajagopal.
What is the googly news that you watching out for on Aban?
12305740 Nifty Traded at Price 5008 to 5011 and CMP 5023, another heavy buying after 5085
Ilango sir, from yr comment above , wht i understand is
we can short near 5060 with S&R 5075. Or we can resell
below 4940? M i right? I just exited my conservative shorts
at break of 5025.
Thanks
@Pawan..
Thanks for the useful NF information
SIL
Sir,
assortZ is unable to reach the blog - trade in ICU. Kindly drop him a mail. I told him the bottom line of your view today is to "quit Short". Kindly confirm to him.
Just FYI
A meeting of the China-US Strategic and Economic Dialogue takes place in Beijing until May 25. The strength of the Chinese currency is a likely topic.
In the immediate future, the key events to watch out for will be next week’s GDP report and progress of monsoon.
FIIs were net sellers of Rs15.4bn in the cash segment on Friday on a provisional basis, according to the NSE data. The local institutions were net buyers at Rs8.16bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs1.05bn. On Thursday, FIIs were net sellers of Rs7.1bn in the cash segment. according to the SEBI data.
SmartT: When were you wrong? Go with your guts.(both have cost concerns-just one point).
ANIL CAN U GUESS WHAT WILL HAPPEN IF YUAN GETS REVALUED
big fight going on..
sanjay/mynac ur inputs requrd
Hi Guys,
My system given buy signal but risk/reward
ratio is not favourable for this kind of trade. So i let
the price move to enter proper place.
5000 Put OI increased by 16 lakhs. 5100 Call OI reduced by 3.57 lakhs. Clearly bullish from OI point of view.
thanks a ton rg sir
Dear manu,
just peeping in between the work.
big fight going on..
For me there is absolutely no fight up to Dear Ilango's mentioned 5007 or 5005 on the down side.Up to this there is no threat today for bulls at all.
28585250 Nifty Traded at the price 5018 to 5021 CMP 5005
@ market follower,
can you please tell some more details about your system and which rules you follow.
@ market follower,
and if you dont want to disclose your system, please give its signals here, whenever they generated
@Ilango
Does this hold....???
http://tryin2trade.blogspot.com/2010/05/hidden-negative-divergence.html
Regards
I said everybody on Friday but no body responded on my Buy Call though Technical indicators were giving Buy signals. Friends don't be biased, always try to go with the Trend & Trend will be ur Best friend. I m still looking some convergence so Nifty may easily go 5070 & above 5100 Buy momentum will accelrate. Goodluck to all traders,i m pasting below my friday's msg for a view.
KUMAR
Hi Everybody!
In my view Nifty is behaving totally reverse what it has in last few days. 4833 was great level, almost 61.8% retracement of last rise from 4675 to 5400. Nifty reversed just 10 points above from there so short selling for time being is not good idea, better to buy with stop loss of 4832 & we will find 4980-5025-5065 soon in next week easily. Ilango sir, pls give ur view on this for more clarity.
KUMAR
@ Manoj (Tryin2Trade),
Yes..Manoj. It is a high possibility that this area falls in the 50%(5027) & 61.82%(5070) fall from last major high of 5213 to 4842.
My guess is from 5027 - one correction and then an attempt @ 5070 and the downmove continues.
5105- was the last minor pivot and if it is not surpassed by 1.00PM tomorrow, then this upmove will be of corrective and the original trend may assert again.
@Ilango
Thanks for the quick reply...
mucho appreciated...
took a small short at the gap resi with a strict 15 pointer stop!!!!
Regards
Hi Guys,
I don't have any personal view about direction
of market even 10 min of the future.We all are look at
the market either with fundamental or with technical,
in very short term fudamental don't works, so let it away
Technical analysis is not a science is an art. Give me
a any chart i table down a bull side angle at the same
time i also table down a bear side angle. So problem
is not in chart or T.A. only with our mind becoz of money
involvement. Money- Money- Money makes us emotion
emotion makes us ego, ego makes us biased mind set
which leads to the wrong side of the market.
So DON'T BE BULL OR BEAR BE A RIGHT SIDE OF THE MARKET
Highest volume of Nifty ( More then 7 Crore ) at the price 4985, I think today if nifty close below this level then short may be initiated otherwise long hold.
Obama tells military: prepare for North Korea aggression
@Sanju
I already told about my system.
Wining success is not in any system, there is no
holy grail in the world whatever system we makes it
has to testing period also. So decipline, patience,
consistance which makes us a success. So success within
you so don't seek anywhere.
Sir
Good afternoon everybody.
I am holding a lttle short in nifty conservative posn. Please tell me where I can cover in this correction.
I saw nifty rallied 187 pts from 4842. So a 38% retracement will mean 70 pt. That means 4960 I can cover. or I should cover at hour low ema of 4978? Am i making any mistakes?
@ KGovind,
Your plan is good. Follow it.
this site is very interesting, and is full of callers like the joshya machines ...
one can always claim later "i told you so"
and keep quiet, if happened otherway.
These guys throw the stone, if fruit falls "see, my call , balderdash"
if stone falls, they vanish ...
:)
enjoy these tipsters at your own peril
@ market follower,
thanks Mr. gurumurthi. i just want to know that what rules you set to follow higher highs, higher lows and lower highs, lower lows
@ilango sir - seeing this fall i m slowly and steadily starting to believe in TA..Feeling good about this whole set up..
@ RG,
If assortz is holding shorts - as mentioned earlier 4940-4965 is an area to exit.However, reselling should continue @ 5040 - 5070 with a SL 5105.
Only a close below "Day Low ema"(4950) will bring downside momentum.
This time, Month is threatening to turn down if closes below 5105.(on 31.05.10)
will operators keep nifty in 4960-5030 range for some time to eat premium of 5000ce and pe???
Hi Guys,
"IN RANDOMNESS WITH DETERMINATION" is suitable
for market is not my own view is related to chaos
theory. I will give u a chart with different time frame
we can't find out which time frames it belongs.What it
tells us market has own rhythem or own structure acts with
different time frame with unique styles. So try to
find out it's rhythem or structure it has a lot of potential
Ilango sir, if closing seen below 4950 , EOD sud conservative
shorts be taken again?
http://vipreetinvestments.blogspot.com/
This is also one good blog to read pre mkt view
Sir
Covered my bnf short at 9118.05. Will go long in nifty futures @4930-4940 with Nifty Spot of 4910 as my SL (more than 61.8% retracement)
NEW POST DONE.
Thank you Ilango. He has exited. Will forward your msg.
gravestone doji formed on daily charts ? tmrrw might be be a big day.
Post a Comment