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...
83 comments:
@Ilango,
A welcome sight for the Bulls!!!;
http://tryin2trade.blogspot.com/2010/05/wolfe-wave-to-rescue.html
Just a thought...but a probable thought....
Cheeers
LLANGO SIR AND ALL MY FRIENDS ... other key working of Rsi Magic === Rsi 14 days ... like nifty close 4563 on nov 3 2009 ..and Rsi was 25 points .. and than aftar mkt jump too 5000 on a nov 24 20009 ...examp 2 ... 4718 close on a feb5 2010. and Rsi was 29. and than aftar mkt bounce to 5262... expam 3 ... nifty 4806 on may 25 2010 Rsi was 29.. now nifty trade 4960-4970 .. so my idea is when ever Rsi below 3
0 mkt is bottom ..thannxs Regards
Bala:
Thank you. Do you very loud laughter from my friends RV,PS,ILANGO,MOH...
You will understand:
1. You are garlanding the goat.
2. "KAIPULLAI" (Vadivelu).
btw - Printing the complete signals/caution note will distort the post's appearance. Hence I request friends to refer to the tech table. I am allowed 100% BTST since I always deal in N50 and futures - no problem in btst/stbt.
Do you very loud - Do you hear very loud
kkay.... today may serious is end and open june serious so today close is working for till the end of june seri ... today close of june seri.. thanxs
@prashant Ok thanks a lot
Dear Ilango sir
Just to bring it to ur notice and friends following weekend analysis,
I have used this concept of nifty expiry price as mentioned by Dear Prashant Shah, successfully to substantiate my TA.I find it a very important tool to judge the overall series dynamics.It should be kept in mind by positional traders.
Here are some reposts for reference
PART PEPOST FROM APRIL 18 WEEKENDER
-----------------------------------------------
4.5260 level is last months series settlement price and interestingly this Week’s close ema.This level should decide the fate of this week.5260 should be kept as SAR for trading this week.
3.I have an observation regarding any derivative series in general,In a trending market if any time during the month the prices trades and importantly close below the settlement price of last series ,it marks the trend change for that month (same is the reverse case too).
----------------------------------------------------
PART REPOST MAY 9 WEEKENDER
---------------------------------------------
4.The positional SAR remains 5250 level which is the April month settlement price(5254) also it is importantly the Highest Volume area in Weekly Volume Profile.Only a close above this level will change the series dynamics to bullish
@Tryin2Trade
a good one, mkt can throw any surprise..
disclaimer: no position
Dear Prashant Shah:
You have valid points. I have a request. Instead of such posts, kindly make one complete one (your English is decent,don't worry even if it is not, after all it is not ours) and send it to vanilango@gmail.com.(Sir)
He may validate it and publish under your name. You have the great opportunity of learning at the cost of your clients (!) as the RM/RA?. Many of us here are riding the Baagh(Sharekhan cusys).
RG,
"kaipullai", you are versatile ... :)
yes, RV, indepth look,
and april expiry looks so far away, before the rug was pulled out ...
@ Manoj(Tryin2Trade),
That is a complete presentation.
@ aar vee,
You have been consistent with your "Series Views" and they have been very efficient.
@ Prashant shah,
Very valid presentation.
Very useful to those who would like to do a relaxed "positional play" with stocks and indices and still make very good returns.
Thank you.
Ilango sir, i think i ll not get a chance to go long today.
will wait for tomm.
ty v much aarvee SIR AND RAJGOPAL sir ..thanxs Regards
thanxs a lot llango sir m still learing for u .. thanxs a lot agin llingo sir
http://3.bp.blogspot.com/_7UI_MJQVz6c/S_2nNqiR7II/AAAAAAAAAy0/v13bOFH2L1Q/s1600/PRO2.png
This chart was posted on my blog and by Ilango sir on my request ... veru quickly .. get a look.. very quickly..the main range in 236 points ... whr 4986+236 is coming @ 5022... but have we done other calculations??? lets do it .. fast
236*.786=185
4786+185=4971.. days high as of now.
sorrry corrction m learing from u ... instaed of learing for u .. v sorrry for this mistake llango sir ..thanxs n regards
@all who saw my blog,
I changed some looks of the blog...It looks much better organised now... Come on...have a look again..
@Ilango and my friendly blogmates,
I am going to France(i am also having french nationality) to my brother's home
for personal matter.I will see you after one month, see
you all. bye bye
Have a nice trade
@all,
Nifty never Broke once, the channel it has created from yesterday... I will post the channel later...
236*.618=145
4786+145=4931.. yday high 4925.
236*.5=118
4786+118=4904.. todays high
236*382=90
4786+90=4876
236*.236=55
4786+55=4841
......................
4876 & 4841 is the last two supports for nifty for this upmove.
missing a busy day..
sir,
my humble opinion..what i feel about you is that you are doing a great "thavam" (தவம்) with no expectations..and we are all benefiting the fruits of your "thavam"..thats what i can say and i beleive "mahamunivar" wont mind anything else i mean the silly "இடையூà®±ுகள்"..
its great going for all of us and we want in in that same way..
cheers!
rectification .. 4900.. todays low.typo.
@market follower
happy journey...
built some more good systems in the mean time, if time permits..
more to hear from you..after return..
@Ilango,
sorry, not nationality 10 year card( recently
i got it) bye bye
@ market follower,
Have a wonderful trip and be in touch when ever you can.
Bon soir..
SATYAM SIR YESTERDAY YOU POSTED CHART WITH VARIOUS MOVING AVERAGE CAN U PLZ TELL US WHAT MOVING AVERAGE YOU USE FOR IT
@market Follower,
Have a great trip ahead...
MF : Bon voyage - adieu. Say hallo to Sarah if u see her.
@ Satyam Sit,
This quantitative analysis will keep us always "objective" and very useful to "part book" and trail the rest for the other targets.
@all,
I said in my blog in the morning that we will touch...4980 today...
@all
there is a -ve div in 5minute chart in Rsi and Stoch, Macd a little one..
@ market followe, have Good trip and safe journey..
@Ilango, Anil, Ankurbbhatt,RG,PS
Tank you,
I am always have all of our blogmates' memory
@market follower
do visit us, net must be is faster in france!!
all the best. have a nice time
Ilango sir,
I find a smooth negative diversion developing in the last two days on this move above 4800 on the 5D intra charts in MACD and RSI.
With the Hrly oversold ,Channel reistance at 4985-5015 and Quantitative analysis giving 5022,it looks a good positional trade to short at every rise now.
“Kya picture abhi baki hai”,did we have interval of 2 days where we paid for popcorns etc(close above ema),and should re-enter the theatre again for new realease on Friday for a sequel of this superhit movie?
ur view sir----------
@Ilango,
What is your way of analysis suggest for closing and tomorrow. My trading system may be good for Intraday but does not say anything about tomorrow. Want to know your outlook for tomorrow.
@Bizagra!
Stoploss triggered for conservative shorts at 4985. Is it stop loss & reverse? or only stop loss triggered.
@Ilango sir,
that complement will make me a better person and a trader as well. thank you for your continuous encouragements.
@ market follower
Have a nice and wonderful trip
Thanks
Bala
@ mojib,
It was 21 simple high MA, with its, -1,-3 & -5 vertical shift.. done in metastock.
Hi all,
Awesome report:
http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5
Must read.
best
@Prabhakar, we were out of shorts yesterday only.I exited them
@4870 yesterday.At this level no new longs advisible as can reverse from
5020 levels also.
Thanks
DEAR RG SIR&ALL EXPERTS,
TODAY EVENNING TATAMOTORS RESULT CAN WE TAKE
LONG IN TATAMOTORS PLEASE ADVISE ME
A close above 4970 may bring some daily momentum.
Also it would give the bulls some room to manoeuvre for tomorrow to close above 4940.
As said earlier a move past 5012 either today or tomorrow may alert us to the possibility of a bigger corrective rally.
In the very short term, it is likely to face resistances of all kinds but it is likely to find some supports on declines.
Scrip Name HIGH-Rs
AXISBANK 1237.97
BHEL 2345.75
BPCL 578.81
CAIRN 294.99
GAIL 457.16
GUJAMBUJA 111.10
HDFC 2760.62
HDFCBANK 1891.80
HLL 237.28
ICICIBANK 879.09
INFOSYS 2667.22
ITC 281.15
L&T 1661.70
ONGC 1143.55
REL 1087.91
RIL 1042.48
RPOWER 155.12
SUNPHARM 1660.74
TATAMOTORS 762.02
TCSCONS 752.67
STBT
Scrip Name LOW-Rs
BHARTI 256.25
HCLTECH 358.35
NTPC 191.74
POWERGRID 99.08
RELCAP 624.31
SUZENER 56.74
Taken at NS +63,Please read the TA Table published
for conditions.
Thank you Mr.Bizagra. I am also with empty hands. No positions from day before yesterday.
Ilango,
move past 5012 on intra day basis or closing value?
sir,
what targets do you foresee in this big corrective rally, if this move pasts 5012 either today or tomorrow...?
-arpit
I think we should concentrate on june future rather than may now.. june fut is in almost 10 discount.. any light on that?
Hi Illango sir,
what is the nifty expectations for the coming week? I see that your latest chart suggests a short signal but the sell is not yet called.
I am suspecting this to be a false upmove - short positions getting covered before expiry. I am suspecting the rise might not be above 5000 or 5050 max, & would then start the down wave right upto 4700 odd levels..
Please suggest ...
5000 call june OI added 24.5% OI, its his highest for the day...
seems a halt is near at this level...
@ Manoj,
It is based on the rallies we have had since the "5400 fall". The assumption here is that any rally bigger than 226 points (comes to 5012) will imply that a bigger corrective rally may be on which coincides with other TA parameters.
@ arpit,
The targets were discussed in yesterday's EOD post...(Nifty baby bull takes the first step)
DOW Futures up 176 pts
prashant shah
sir from where we get june series close value today
Hello All,
Hope you all have had a good expiry.
Sir,
I am missing something. Your post to manoj - does it mean down side expected coinciding with the Man with the Whistle - RV?
Please contradict him sir.
hello viren sir
after long time
Viren - Hi Welcome welcome welcome
Hope you all have had a good expiry.
Not Expired - barely Alive.
Hai everyone
Today was a perfect day for a trend follower. See how the 50 EMA acted as a trend line.
http://niftychartsandpatterns.blogspot.com/2010/05/yahoo-intraday-chart-50-ema-as-trend.html
thank you
hi
sir bank nifty h &s neckline 9250
if bank nifty close abt 9250 so what shoulg be doing ?
plz give suggestion'
regards,
alpesh
@ prashant shah,
sir from where we get june series close value today
@ Rajagopal,
It means : so far we have had 186 & 226 points pull back. And if moves past 5012, it will mean more upside possibility is in store - 5100, 5160 , 5200. I have mentioned some fibo. retracements.
Piyush,
Hi!
RajaGopal,
You are never out of words ! :)
The Second target @ 5012 too has come today itself.
i hope we hit 5022 today itself...bow down to Satyam sit :)
@illango
there is a -ve persisting divergence in 5 minutes chart, what u expect.
plz reply
looks like a great shorting opportunity right here.
@ Anil,
Yes ., it is persisting but price has been trending up above averages.
sir bank nifty h &s neckline 9250
if bank nifty close abt 9250 so what shoulg be doing ?
plz give suggestion'
regards,
alpesh
@ Rishi ..
u r bowing down to me and me bowing down to master .. so y not we all make a bow to our guide and philosopher.. Ilango Sir.
On a serious not.. june series.. showing big discount ... Oi analyst .. plz take care of that.
sir,
went short @5010 keeping s/L 5020-25
amazing trade for the day...sold everything at @5004..hod = 5004.45...who says one cannot pick a top :P
Satyam, obviously, Ilango's analysis is keeping it going. his second target was simply spot on. amazing.
dhanversha .... june seri closing come aftar 5 pm .. thanxss
sethu
:)
plz keep putting your levels regularly, its very useful.
your concepts have their unique edge.
dhanversha.. i will tell u aftar later on ... thanxs .. byee All bye llango sir arrve sir and rajgopal sir
and, sethu
what is tarkuri line ?
@ Satyam Sit,
yes June series shows big discount both in nifty and bank nifty. And in case of banknifty it is too much..What does this discount indicate for june series....?bullish or bearish indiaction..?
-arpit
mok - Sethu means me by the line."Tarkuri=Illiterate
Bye Sir and Friends.
Hi GB - how good is the news? Dad started walking?
Our prayers with Dear mynac's Sister and family who suffered a tragedy.
mynac
my deep consolation are with u and ur family
RG,
dont be a "pazam"
i really want to know the line.
pazam + bridges are bringing people inipppaaa together.
:)
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